Associated Banc Stock Price, News & Analysis (NYSE:ASB)

8 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Associated Banc in the last twelve months. There are currently 6 hold ratings and 2 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "hold" ASB shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in ASB, but not buy additional shares or sell existing shares.
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8 Wall Street research analysts have issued twelve-month price targets for Associated Banc's shares. Their ASB share price targets range from $18.00 to $24.00. On average, they expect the company's share price to reach $20.56 in the next year. This suggests a possible upside of 8.3% from the stock's current price.
View analysts price targets for ASB or view top-rated stocks among Wall Street analysts.

Associated Banc's stock was trading at $23.09 on January 1st, 2023. Since then, ASB shares have decreased by 17.8% and is now trading at $18.98.
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Associated Banc saw a drop in short interest during the month of October. As of October 31st, there was short interest totaling 5,060,000 shares, a drop of 8.8% from the October 15th total of 5,550,000 shares. Based on an average daily trading volume, of 1,640,000 shares, the days-to-cover ratio is presently 3.1 days. Approximately 3.4% of the shares of the stock are short sold.
View Associated Banc's Short Interest.

The company is scheduled to release its next quarterly earnings announcement on Thursday, January 25th 2024.
View our ASB earnings forecast.

Associated Banc-Corp (NYSE:ASB) posted its earnings results on Thursday, October, 19th. The bank reported $0.53 EPS for the quarter, meeting the consensus estimate of $0.53. The bank had revenue of $575.22 million for the quarter, compared to analyst estimates of $327.83 million. Associated Banc had a net margin of 18.25% and a trailing twelve-month return on equity of 9.73%. During the same period last year, the company earned $0.62 EPS.

Associated Banc declared a quarterly dividend on Tuesday, October 24th. Investors of record on Friday, December 1st will be paid a dividend of $0.22 per share on Friday, December 15th. This represents a $0.88 annualized dividend and a dividend yield of 4.64%. The ex-dividend date of this dividend is Thursday, November 30th. This is an increase from the stock's previous quarterly dividend of $0.21.
Read our dividend analysis for ASB.

Associated Banc (NYSE:ASB) pays an annual dividend of $0.88 per share and currently has a dividend yield of 4.70%. ASB has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. The company has been increasing its dividend for 12 consecutive years, indicating the company has a strong committment to maintain and grow its dividend. The dividend payout ratio is 35.92%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, ASB will have a dividend payout ratio of 43.56% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for ASB.

ETFs with the largest weight of Associated Banc (NYSE:ASB) stock in their portfolio include Invesco KBW Regional Banking ETF (KBWR), USCF Dividend Income Fund (UDI), SPDR S&P Regional Banking ETF (KRE), SPDR S&P Bank ETF (KBE), ProShares Russell 2000 Dividend Growers ETF (SMDV), VictoryShares US Small Cap High Div Volatility Wtd ETF (CSB), Direxion Daily Regional Banks Bull 3x Shares (DPST) and First Trust Nasdaq Bank ETF (FTXO).

219 employees have rated Associated Banc Chief Executive Officer Philip B. (Phil) Flynn on Glassdoor.com. Philip B. (Phil) Flynn has an approval rating of 89% among the company's employees.

Based on aggregate information from My MarketBeat watchlists, some companies that other Associated Banc investors own include Invesco (IVZ), Bank of America (BAC), Intelsat (I), Fossil Group (FOSL), AK Steel (AKS), China Unicom (Hong Kong) (CHU), Exxon Mobil (XOM), AMC Entertainment (AMC), Apollo Global Management (APO) and EKIMAS (ASNB).

Associated Banc's stock is owned by a variety of institutional and retail investors. Top institutional investors include FMR LLC (8.99%), Pzena Investment Management LLC (1.95%), Allspring Global Investments Holdings LLC (1.82%), LSV Asset Management (1.55%), Charles Schwab Investment Management Inc. (1.47%) and Bank of New York Mellon Corp (1.28%). Insiders that own company stock include Andrew J Harmening, Andrew J Harmening, David L Stein, David L Stein, Eileen A Kamerick, John A Utz, John B Williams, John F Bergstrom, John P Thayer, Lith Karen Van, Matthew R Braeger, Michael J Haddad, Michael Meinolf, Moral-Niles Christopher Del, Nicole M Kitowski, Philip B Flynn, R Jay Gerken, Randall J Erickson, Tammy C Stadler and Timothy J Lau.
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Shares of ASB stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
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