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

8 Wall Street equities 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 equities 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 brokers have issued 1-year target prices for Associated Banc's shares. Their ASB share price targets range from $18.00 to $24.00. On average, they anticipate the company's share price to reach $20.56 in the next year. This suggests a possible upside of 9.7% 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 at the beginning of 2023. Since then, ASB stock has decreased by 18.8% and is now trading at $18.74.
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Associated Banc saw a decrease in short interest in 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 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) issued its quarterly earnings results on Thursday, October, 19th. The bank reported $0.53 earnings per share for the quarter, meeting the consensus estimate of $0.53. The bank earned $575.22 million during the quarter, compared to the consensus estimate 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 quarter in the prior year, the company posted $0.62 earnings per share.

Associated Banc declared a quarterly dividend on Tuesday, October 24th. Shareholders 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 yield of 4.70%. The ex-dividend date is Thursday, November 30th. This is a positive change 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 4.96%. 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 many different retail and institutional 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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