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

$17.57
+0.05 (+0.29%)
(As of 11/28/2023 ET)
Compare
Today's Range
$17.31
$17.58
50-Day Range
$15.45
$18.20
52-Week Range
$14.47
$24.82
Volume
1.01 million shs
Average Volume
1.71 million shs
Market Capitalization
$2.65 billion
P/E Ratio
7.17
Dividend Yield
4.78%
Price Target
$20.56

Associated Banc MarketRank™ Stock Analysis

Analyst Rating
Hold
2.25 Rating Score
Upside/​Downside
17.1% Upside
$20.56 Price Target
Short Interest
Healthy
3.27% of Float Sold Short
Dividend Strength
Strong
Based on Four Factors
Sustainability
-0.29
Upright™ Environmental Score
News Sentiment
N/A
Insider Trading
N/A
Proj. Earnings Growth
-10.62%
From $2.26 to $2.02 Per Share

Overall MarketRank

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

2.55 out of 5 stars

Finance Sector

230th out of 869 stocks

State Commercial Banks Industry

60th out of 186 stocks


ASB stock logo

About Associated Banc Stock (NYSE:ASB)

Associated Banc-Corp, a bank holding company, provides various banking and nonbanking products to individuals and businesses in Wisconsin, Illinois, and Minnesota. The company operates through three segments: Corporate and Commercial Specialty; Community, Consumer, and Business; and Risk Management and Shared Services. Its Corporate and Commercial Specialty segment offers lending solutions, including commercial loans and lines of credit, commercial real estate financing, construction loans, letters of credit, leasing, asset based lending, and loan syndications; deposit and cash management solutions, such as commercial checking and interest-bearing deposit products, cash vault and night depository services, liquidity solutions, payables and receivables solutions, and information services; specialized financial services such as interest rate risk management, foreign exchange solutions, and commodity hedging; fiduciary services such as administration of pension, profit-sharing and other employee benefit plans, fiduciary and corporate agency services, and institutional asset management; and investable funds solutions such as savings, money market deposit accounts, IRA accounts, CDs, fixed and variable annuities, full-service, discount and online investment brokerage; investment advisory services; and trust and investment management accounts. The company's Community, Consumer, and Business segment offers lending solutions, such as residential mortgages, home equity loans and lines of credit, personal and installment loans, auto loans, business loans, and business lines of credit; and deposit and transactional solutions such as checking, credit, debit and pre-paid cards, online banking and bill pay; and money transfer services. Associated Banc-Corp was founded in 1861 and is headquartered in Green Bay, Wisconsin.

ASB Stock Price History

ASB Stock News Headlines

[Investor Alert] Potential Breakthrough Medical Tech Investment Opportunity
Autonomix has patented technology that can detect and target nerve signals at an accuracy never seen before, a $100B opportunity. Now the team with almost $600M in exits is planning to list Autonomix on the Nasdaq. And you can invest in Autonomix ahead of their intended Nasdaq listing.* *Disclosure: This is a paid advertisement for Autonomix’s Regulation A+ Offering. Please read the offering circular at invest.autonomix.com
Associated Bank executing next phase of strategic plan
[Investor Alert] Potential Breakthrough Medical Tech Investment Opportunity
Autonomix has patented technology that can detect and target nerve signals at an accuracy never seen before, a $100B opportunity. Now the team with almost $600M in exits is planning to list Autonomix on the Nasdaq. And you can invest in Autonomix ahead of their intended Nasdaq listing.* *Disclosure: This is a paid advertisement for Autonomix’s Regulation A+ Offering. Please read the offering circular at invest.autonomix.com
Associated Banc-Corp (ASB) Q3 Earnings Meet, Stock Gains
Q3 2023 Associated Banc-Corp Earnings Call
Associated Banc-Corp (ASB) Receives a Hold from RBC Capital
Associated Banc-Corp (ASB) Receives a Hold from Wells Fargo
Analyst Ratings for Associated Banc
See More Headlines
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Company Calendar

Ex-Dividend for 9/15 Dividend
8/31/2023
Dividend Payable
9/15/2023
Last Earnings
10/19/2023
Today
11/28/2023
Ex-Dividend for 12/15 Dividend
11/30/2023
Dividend Payable
12/15/2023
Fiscal Year End
12/31/2023
Next Earnings (Estimated)
1/25/2024

Industry, Sector and Symbol

Industry
State commercial banks
Sub-Industry
N/A
Sector
Finance
Previous Symbol
NASDAQ:ASBC
CIK
7789
Employees
4,118
Year Founded
N/A

Price Target and Rating

Average Stock Price Target
$20.56
High Stock Price Target
$24.00
Low Stock Price Target
$18.00
Potential Upside/Downside
+17.1%
Consensus Rating
Hold
Rating Score (0-4)
2.25
Research Coverage
8 Analysts

Profitability

Net Income
$366.12 million
Pretax Margin
22.99%

Debt

Sales & Book Value

Annual Sales
$1.43 billion
Cash Flow
$3.09 per share
Book Value
$25.42 per share

Miscellaneous

Free Float
148,691,000
Market Cap
$2.65 billion
Optionable
Optionable
Beta
1.01
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ASB Stock Analysis - Frequently Asked Questions

Should I buy or sell Associated Banc stock right now?

8 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Associated Banc in the last year. There are currently 6 hold ratings and 2 buy ratings for the stock. The consensus among Wall Street 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.
View ASB analyst ratings
or view top-rated stocks.

What is Associated Banc's stock price target for 2024?

8 analysts have issued twelve-month price targets for Associated Banc's stock. Their ASB share price targets range from $18.00 to $24.00. On average, they predict the company's stock price to reach $20.56 in the next twelve months. This suggests a possible upside of 17.1% from the stock's current price.
View analysts price targets for ASB
or view top-rated stocks among Wall Street analysts.

How have ASB shares performed in 2023?

Associated Banc's stock was trading at $23.09 at the start of the year. Since then, ASB stock has decreased by 23.9% and is now trading at $17.5650.
View the best growth stocks for 2023 here
.

Are investors shorting Associated Banc?

Associated Banc saw a decrease in short interest during the month of October. As of October 31st, there was short interest totaling 5,060,000 shares, a decrease of 8.8% from the October 15th total of 5,550,000 shares. Based on an average trading volume of 1,640,000 shares, the short-interest ratio is presently 3.1 days. Approximately 3.4% of the company's stock are short sold.
View Associated Banc's Short Interest
.

When is Associated Banc's next earnings date?

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

How were Associated Banc's earnings last quarter?

Associated Banc-Corp (NYSE:ASB) announced its quarterly earnings results on Thursday, October, 19th. The bank reported $0.53 earnings per share for the quarter, hitting analysts' consensus estimates of $0.53. The bank earned $575.22 million during 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 in the prior year, the firm posted $0.62 EPS.

How often does Associated Banc pay dividends? What is the dividend yield for Associated Banc?

Associated Banc declared a quarterly dividend on Tuesday, October 24th. Stockholders of record on Friday, December 1st will be given a dividend of $0.22 per share on Friday, December 15th. This represents a $0.88 dividend on an annualized basis and a dividend yield of 5.01%. The ex-dividend date is Thursday, November 30th. This is a boost from the stock's previous quarterly dividend of $0.21.
Read our dividend analysis for ASB
.

Is Associated Banc a good dividend stock?

Associated Banc (NYSE:ASB) pays an annual dividend of $0.84 per share and currently has a dividend yield of 4.74%. 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 34.29%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, ASB will have a dividend payout ratio of 41.58% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for ASB.

What is Philip B. (Phil) Flynn's approval rating as Associated Banc's CEO?

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.

What other stocks do shareholders of Associated Banc own?

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).

Who are Associated Banc's major shareholders?

Associated Banc's stock is owned by a number 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.
View institutional ownership trends
.

How do I buy shares of Associated Banc?

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.
Compare Top Brokerages Here.

This page (NYSE:ASB) was last updated on 11/28/2023 by MarketBeat.com Staff

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