ASB
Associated Banc-Corp Financial Services - Banks - Regional Investor Relations →
Associated Banc-Corp (ASB) closed at $29.37 as of 2026-02-02, trading 44.7% above its 200-week moving average of $20.30. The stock moved further from the line this week, up from 34.6% last week. With a 14-week RSI of 78, ASB is in overbought territory.
Over the past 2346 weeks of data, ASB has crossed below its 200-week moving average 16 times. On average, these episodes lasted 30 weeks. Historically, investors who bought ASB at the start of these episodes saw an average one-year return of +11.7%.
With a market cap of $4.9 billion, ASB is a mid-cap stock. Return on equity stands at 9.9%. The stock trades at 1.0x book value.
Share count has increased 11.3% over three years, indicating dilution.
Over the past 33.2 years, a hypothetical investment of $100 in ASB would have grown to $855, compared to $2849 for the S&P 500. ASB has returned 6.7% annualized vs 10.6% for the index, underperforming the broader market over this period.
Free cash flow has been growing at a 3.9% compound annual rate, with 4 consecutive years of positive cash generation.
Growth of $100: ASB vs S&P 500
Monthly data normalized to $100 at start. Vertical dashed lines mark 200-week MA touches.
What Happens After ASB Crosses Below the Line?
Across 13 historical episodes, buying ASB when it crossed below its 200-week moving average produced an average return of +2.2% after 12 months (median +11.0%), compared to +13.1% for the S&P 500 over the same periods. 58% of those episodes were profitable after one year. After 24 months, the average return was +20.6% vs +32.6% for the index.
Each line shows $100 invested at the moment ASB crossed below its 200-week MA. Bold blue = stock average. Gray dashed = S&P 500 average over same periods.
Historical Touches
ASB has crossed below its 200-week MA 16 times with an average 1-year return of +11.7% after recovery.
| Crossed Below | Recovered | Weeks | Max Depth | 1-Year Return | Return Since Touch |
|---|---|---|---|---|---|
| Jan 1982 | May 1982 | 15 | 12.3% | +50.0% | +9908.8% |
| Jun 1982 | Oct 1982 | 17 | 0.8% | +66.7% | +9908.8% |
| Nov 1990 | Nov 1990 | 1 | 1.9% | +72.8% | +1900.6% |
| Jan 2000 | Dec 2000 | 48 | 29.4% | +16.8% | +293.2% |
| Jul 2007 | Mar 2012 | 242 | 60.3% | -40.6% | +74.8% |
| Apr 2012 | Sep 2012 | 22 | 12.0% | +9.8% | +231.3% |
| Oct 2012 | Nov 2012 | 6 | 3.7% | +27.6% | +247.0% |
| Dec 2018 | Jan 2019 | 5 | 10.1% | +11.7% | +87.7% |
| Mar 2019 | Apr 2019 | 2 | 3.6% | -41.3% | +85.8% |
| May 2019 | Dec 2019 | 28 | 12.9% | -36.0% | +81.7% |
| Jan 2020 | Feb 2021 | 59 | 46.6% | -3.9% | +78.9% |
| Jul 2021 | Jul 2021 | 2 | 0.2% | -2.3% | +80.9% |
| Jun 2022 | Jul 2022 | 5 | 1.2% | -3.3% | +84.2% |
| Mar 2023 | Jul 2023 | 18 | 20.1% | +19.6% | +85.2% |
| Aug 2023 | Nov 2023 | 15 | 13.3% | +28.3% | +85.7% |
| Mar 2025 | Apr 2025 | 2 | 1.6% | N/A | +55.6% |
| Average | 30 | — | +11.7% | — |
Not financial advice. This is an educational tool. Past performance does not guarantee future results. Do your own research before making investment decisions.
Data as of Friday close, 2026-02-02