Why Associated Banc-Corp (ASB) is a Top Value Stock for the Long-Term
For new and old investors, taking full advantage of the stock market and investing with confidence are common goals.
Many investors also have a go-to methodology that helps guide their buy and sell decisions. One way to find winning stocks based on your preferred way of investing is to use the Zacks Style Scores, which are indicators that rate stocks based on three widely-followed investing types: value, growth, and momentum.
Why Investors Should Pay Attention to This Value Stock
Different than growth or momentum investors, value-focused investors are all about finding good stocks at good prices, and discovering which companies are trading under what their true value is before the broader market catches on. The Value Style Score utilizes ratios like P/E, PEG, Price/Sales, and Price/Cash Flow to help pick out the most attractive and discounted stocks.
Associated Banc-Corp (ASB)
Associated Banc-Corp – founded in 1964 – is headquartered in Green Bay, WI. This bank holding company, through its subsidiaries Associated Bank, National Association and various non-banking subsidiaries, provides an array of banking and non-banking products and services.
ASB is a Zacks Rank #2 (Buy) stock, with a Value Style Score of A and VGM Score of B. Shares are currently trading at a forward P/E of 10.6X for the current fiscal year compared to the Banks - Midwest industry's P/E of 10.5X. Additionally, ASB has a PEG Ratio of 1.3 and a Price/Cash Flow ratio of 7.7X. Value investors should also note ASB's Price/Sales ratio of 2.9X.
A company's earnings performance is important for value investors as well. For fiscal 2022, six analysts revised their earnings estimate higher in the last 60 days for ASB, while the Zacks Consensus Estimate has increased $0.09 to $2.28 per share. ASB also holds an average earnings surprise of 19.5%.
With strong valuation and earnings metrics, a good Zacks Rank, and top-tier Value and VGM Style Scores, investors should strongly think about adding ASB to their portfolios.
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Associated BancCorp (ASB) : Free Stock Analysis Report
