With 1.4 million shares changed hands, the volume of the stock remained lighter than its average volume of 1.73 million shares. The 52-week range on ASB shows that it touched its highest point at $28.18 and its lowest point at $18.32 during that stretch. It currently has a 1-year price target of $26.40. With its current market cap of 3.86 billion, ASB has annualized dividend of $0.90 while the current yield stands at 3.87%. Beta for the stock currently stands at 0.79.
Price Performance and Earnings:
Stock performance is one of the indicators that investors use to determine whether they will profit from a stock. The price performance of ASB was up-trending over the past week, with a rise of 3.52%, but this was up by 23.00% over a month. Three-month performance dropped to -9.25% while six-month performance fell -0.51%. The stock gained 5.01% in the past year, while it has lost -2.68% so far this year. A look at the trailing 12-month EPS for ASB yields 0.85 with Next year EPS estimates of 2.73. For the next quarter, that number is 0.61. This implies an EPS growth rate of 15.80% for this year and 8.03% for next year. EPS is expected to grow by 12.07% annually over the next five years; however, over the past five years, the company experienced an annual growth rate of -17.66%.
Float and Shares Shorts:
At present, 165.81 million ASB shares are outstanding with a float of 164.04 million shares on hand for trading.
Analysts Ratings:
Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for ASB since 5 analysts follow the stock currently. There are 0 analysts who recommend BUY ratings, while 0 suggest SELL ratings. Of the remaining analysts, 5 believe that the stock is worth HOLDING, 0 give it an OVERWEIGHT rating, and 0 thinks that it’s UNDERWEIGHT. In the same way, a target price assigned to a stock can also reveal much about its potential.
EPS: Estimates vs Actual
It is also common to use earnings estimates to evaluate a firm’s growth potential and to determine trading strategy. Analysts have provided yearly estimates in a range of $2.23595 being high and $2.09431 being low. For ASB, this leads to a yearly average estimate of $2.17525.
