Associated Banc had its Relative Strength (RS) Rating upgraded from 69 to 76 Friday — a welcome improvement, but still short of the 80 or better score you look for.
IBD's proprietary rating identifies price movement with a 1 (worst) to 99 (best) score. The grade shows how a stock's price behavior over the last 52 weeks compares to all the other stocks in our database.
History shows that the stocks that go on to make the biggest gains typically have an RS Rating of at least 80 as they begin their largest climbs. See if Associated Banc can continue to rebound and clear that threshold.
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Associated Banc is building a consolidation with a 28.18 buy point. See if it can break out in heavy volume.
Regarding top and bottom line numbers, Associated Banc has posted four quarters of increasing earnings growth. Revenue gains have not followed the same trajectory, coming in at -48% last quarter.
The company earns the No. 41 rank among its peers in the Banks-Midwest industry group. First Business Finl Svcs, CrossFirst Bankshares and Equity Bancshares are among the top 5 highly rated stocks within the group.
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