How Has Associated Banc-Corp Performed Compared to Its Peers?
US Equity Market Update for October 15, 2015
Associated Banc-Corp and its peers
An analysis of Associated Banc-Corp and its peers follows:
The EPS (earnings per share) of Associated Banc-Corp (ASB), Commerce Bancshares (CBSH), and Wintrust Financial (WTFC) are $0.31, $0.68, and $0.69, respectively, in 3Q15.
The forward PE (price-to-earnings) ratios of Associated Banc-Corp, Commerce Bancshares, Wintrust, TCF Financial (TCB), and Firstmerit (FMER) are 14.03x, 14.91x, 13.57x, 12.48x, and 12.41x, respectively.
The PBV (price-to-book value) ratios of Associated Banc-Corp, Commerce Bancshares, Wintrust, TCF, and Firstmerit are 0.99x, 1.93x, 1.17x, 1.31x, and 1.05x, respectively.
According to the above findings, the peers outperformed Associated Banc-Corp based on the EPS and PBV ratio. However, Associated Banc-Corp is way ahead of its peers based on the forward PE ratio.
ETFs that invest in Associated Banc-Corp
The PowerShares KBW Regional Banking Portfolio (KBWR) invests 2% of its holdings in Associated Banc-Corp. KBWR tracks an equal-weighted index focused exclusively on US regional banking firms.
The KBE Bank Fund (KBE) invests 1.6% of its holdings in Associated Banc-Corp. KBE tracks an equal-weighted index of US banking firms.
The SPDR S&P Regional Banking Fund (KRE) invests 1.4% of its holdings in Associated Banc-Corp. KRE tracks an equal-weighted index of US regional banking stocks.
Comparing Associated Banc-Corp and its ETFs
An analysis of Associated Banc-Corp and its ETFs follows:
The YTD (year-to-date) price movements of Associated Banc-Corp, KBWR, KBE, and KRE are 0.7%, 3.3%, 2.4%, and 4.4%, respectively.
The PE ratios of Associated Banc-Corp, KBWR, KBE, and KRE are 15.01x, 18.85x, 14.01x, and 15.38x, respectively.
The PBV ratios of Associated Banc-Corp, KBWR, KBE, and KRE are 0.99x, 1.39x, 1.21x, and 1.26x, respectively.
As a result, the ETFs outperformed Associated Banc-Corp based on the price movement, PE ratio, and PBV ratio.
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