{
  "symbol": "ASB-PF",
  "company": "Associated Banc-Corp Depositary Shares (each representing 1/40th interest in one share of 5.625% Non-Cumulative Perpetual Preferred Stock, Series F)",
  "generated_at": "2026-06-24T07:36:45.062Z",
  "event_count": 1,
  "events": [
    {
      "type": "scout_dossier",
      "ts": "2026-06-17T17:33:40.186Z",
      "summary": "ASB-PF is a depositary receipt for Associated Banc-Corp's Series F preferred (1/40th of a share). The investigation trigger was a cluster of Form 4 filings flagged as insider activity; however, all recent Form 4 transactions read were de minimis dividend-equivalent grants on common stock — not open-market P/S purchases of the preferred itself. No options market exists for ASB-PF (only ASB common has expiries through December 2026). The underlying bank shows solid fundamentals at a sub-10x forward P/E, but faces dilution risk from the April 2026 American National acquisition closing (+22.5M shares issued) and a June 2026 shelf registration authorizing future equity offerings. ASB-PF is structurally an income/security-of-convenience vehicle with no mispricing edge, no tradable options structure, and no verified smart-money preferred-stock buys.",
      "verdict": "no_anomaly",
      "confidence": 4,
      "tool_calls": 22,
      "walltime_min": 14,
      "debug_path": "dossiers/2026-06-17-ASB-PF.scout.debug.json"
    }
  ],
  "lessons": [],
  "chart_signal": {
    "ticker": "ASB-PF",
    "call": "HOLD",
    "confidence": 2,
    "score": -1,
    "factors": {
      "below_200dma": "-2",
      "below_50dma": "-1",
      "momentum_flat": "0 (4.0%)",
      "rsi_neutral": "0 (39.6)",
      "macd_above_signal": "+1",
      "recent_macd_bullish_cross": "+1 (0d ago)",
      "from_high": "0 (-12.7%)"
    },
    "summary": "HOLD (score -1) · 12-1 mom 4.0% · RSI 39.6 · below_both · -12.7% from high",
    "last_close": 19.61,
    "one_month_ago_close": 20.22,
    "twelve_month_ago_close": 19.43,
    "twelve_one_momentum_pct": 4.04,
    "rsi_14": 39.6,
    "ma_stack": "below_both",
    "from_period_high_pct": -12.71,
    "period_high": 22.47,
    "price_targets": {
      "bear": 15.73,
      "fair": 19.89,
      "bull": 25.84,
      "bear_return_pct": -19.8,
      "fair_return_pct": 1.4,
      "bull_return_pct": 31.7,
      "method": "street_targets ⨯ chart_floors",
      "street": {
        "target_low": null,
        "target_mean": null,
        "target_high": null,
        "analyst_count": null
      }
    },
    "generated_at": "2026-06-24T07:36:45.060Z"
  }
}