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NYSE:ASB

Associated Banc (ASB) Stock Forecast, Price & News

$17.20
-0.17 (-0.98%)
(As of 11:09 AM ET)
Compare
Today's Range
$17.13
$17.33
50-Day Range
$16.54
$19.21
52-Week Range
$14.47
$25.50
Volume
331,347 shs
Average Volume
1.69 million shs
Market Capitalization
$2.60 billion
P/E Ratio
6.77
Dividend Yield
4.88%
Price Target
$21.94

Associated Banc MarketRank™ Forecast

Analyst Rating
Hold
2.38 Rating Score
Upside/​Downside
26.3% Upside
$21.94 Price Target
Short Interest
Bearish
4.89% of Float Sold Short
Dividend Strength
Strong
Based on Four Factors
Sustainability
-0.29
Upright™ Environmental Score
News Sentiment
0.93mentions of Associated Banc in the last 14 days
Based on 7 Articles This Week
Insider Trading
Selling Shares
$500,365 Sold Last Quarter
Proj. Earnings Growth
-5.88%
From $2.21 to $2.08 Per Share

Overall MarketRank

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

2.92 out of 5 stars

Finance Sector

116th out of 848 stocks

State Commercial Banks Industry

25th out of 175 stocks


ASB stock logo

About Associated Banc (NYSE:ASB) Stock

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 Price History

ASB Stock News Headlines

Associated Bank focused on organic growth, not M&A
Gold Could Be Heading for Record Highs - But How to Play It?
According to FX Empire, the gold forecast is now bullish, with support for a $3,000 target in 2024. The big question is how to play it. Some investors are discovering a unique gold investment alternative that sidesteps the major issues with gold mining stocks or physical gold.
Associated Bank Releases 2022 Sustainability Report
Gold Could Be Heading for Record Highs - But How to Play It?
According to FX Empire, the gold forecast is now bullish, with support for a $3,000 target in 2024. The big question is how to play it. Some investors are discovering a unique gold investment alternative that sidesteps the major issues with gold mining stocks or physical gold.
What 4 Analyst Ratings Have To Say About Associated Banc
Associated Banc-Corp (ASB) Gets a Hold from RBC Capital
Wells Fargo Remains a Buy on Associated Banc-Corp (ASB)
Q2 2023 Associated Banc-Corp Earnings Call
See More Headlines
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ASB Company Calendar

Last Earnings
7/20/2023
Ex-Dividend for 9/15 Dividend
8/31/2023
Dividend Payable
9/15/2023
Today
9/26/2023
Next Earnings (Confirmed)
10/19/2023
Fiscal Year End
12/31/2023

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 Forecast
$21.94
High Stock Price Forecast
$25.00
Low Stock Price Forecast
$18.50
Forecasted Upside/Downside
+26.3%
Consensus Rating
Hold
Rating Score (0-4)
2.38
Research Coverage
8 Analysts

Profitability

Net Income
$366.12 million
Pretax Margin
26.34%

Debt

Sales & Book Value

Annual Sales
$1.43 billion
Cash Flow
$3.17 per share
Book Value
$25.42 per share

Miscellaneous

Free Float
148,672,000
Market Cap
$2.62 billion
Optionable
Optionable
Beta
1.03
12 Stocks Corporate Insiders are Abandoning Cover

If a company's CEO, COO, and CFO were all selling shares of their stock, would you want to know?

Get This Free Report

Key Executives

  • Mr. Andrew J. HarmeningMr. Andrew J. Harmening (Age 54)
    Pres, CEO & Director
    Comp: $3.56M
  • Mr. Derek S. Meyer (Age 55)
    Exec. VP & CFO
    Comp: $789.13k
  • Mr. Randall J. Erickson (Age 64)
    Exec. VP, Gen. Counsel & Corp. Sec.
    Comp: $1.04M
  • Mr. David L. SteinMr. David L. Stein (Age 60)
    Exec. VP, Head of Consumer & Bus. Banking and Madison Market Pres
    Comp: $1.01M
  • Mr. John Anthony Utz (Age 55)
    Exec. VP, Head of Corp. Banking & Milwaukee Market Pres
    Comp: $1.13M
  • Ms. Tammy C. Stadler (Age 57)
    Exec. VP, Corp. Controller & Chief Accounting Officer
  • Mr. Terry Lynn Williams (Age 63)
    Exec. VP & Chief Information Officer
  • Ben McCarville
    VP & Director of Investor Relations
  • Mr. Anthony Philip Pecora
    Sr. VP, Director of Compliance & Associated Investment Services
  • Jennifer Kaminski
    VP & PR Sr. Mang.













ASB Stock - Frequently Asked Questions

Should I buy or sell Associated Banc stock right now?

8 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Associated Banc in the last year. There are currently 5 hold ratings and 3 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.
View ASB analyst ratings
or view top-rated stocks.

What is Associated Banc's stock price forecast for 2023?

8 Wall Street research analysts have issued 12 month price objectives for Associated Banc's shares. Their ASB share price forecasts range from $18.50 to $25.00. On average, they anticipate the company's stock price to reach $21.94 in the next year. This suggests a possible upside of 26.3% 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 24.8% and is now trading at $17.37.
View the best growth stocks for 2023 here
.

Are investors shorting Associated Banc?

Associated Banc saw a increase in short interest in August. As of August 31st, there was short interest totaling 7,290,000 shares, an increase of 12.0% from the August 15th total of 6,510,000 shares. Based on an average daily trading volume, of 1,420,000 shares, the short-interest ratio is presently 5.1 days. Approximately 4.9% of the shares of the stock are sold short.
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, October 19th 2023.
View our ASB earnings forecast
.

How can I listen to Associated Banc's earnings call?

Associated Banc will be holding an earnings conference call on Thursday, October 19th at 5:00 PM Eastern. Interested parties can register for or listen to the call using this link.

How were Associated Banc's earnings last quarter?

Associated Banc-Corp (NYSE:ASB) announced its quarterly earnings results on Thursday, July, 20th. The bank reported $0.56 earnings per share for the quarter, missing analysts' consensus estimates of $0.59 by $0.03. The bank earned $328.25 million during the quarter, compared to analysts' expectations of $332.65 million. Associated Banc had a trailing twelve-month return on equity of 10.25% and a net margin of 20.93%.

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

Associated Banc declared a quarterly dividend on Tuesday, July 25th. Stockholders of record on Friday, September 1st will be paid a dividend of $0.21 per share on Friday, September 15th. This represents a $0.84 annualized dividend and a yield of 4.84%. The ex-dividend date is Thursday, August 31st.
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 4.91%. 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 2 consecutive year(s), indicating that it does not yet have a strong track record of dividend growth. The dividend payout ratio is 33.07%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, ASB will have a dividend payout ratio of 40.38% 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).

What is Associated Banc's stock symbol?

Associated Banc trades on the New York Stock Exchange (NYSE) under the ticker symbol "ASB."

Who are Associated Banc's major shareholders?

Associated Banc's stock is owned by a variety of retail and institutional investors. Top institutional investors include BlackRock Inc. (12.73%), Dimensional Fund Advisors LP (6.90%), State Street Corp (6.20%), Geode Capital Management LLC (2.01%), Goldman Sachs Group Inc. (1.99%) and Pzena Investment Management LLC (1.95%). 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, Patrick Edward Ahern, 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.

What is Associated Banc's stock price today?

One share of ASB stock can currently be purchased for approximately $17.37.

How much money does Associated Banc make?

Associated Banc (NYSE:ASB) has a market capitalization of $2.62 billion and generates $1.43 billion in revenue each year. The bank earns $366.12 million in net income (profit) each year or $2.54 on an earnings per share basis.

How many employees does Associated Banc have?

The company employs 4,118 workers across the globe.

How can I contact Associated Banc?

Associated Banc's mailing address is 433 MAIN STREET, GREEN BAY WI, 54301. The official website for the company is www.associatedbank.com. The bank can be reached via phone at (920) 491-7500, via email at jessica.vandenheuvel@associatedbank.com, or via fax at 920-433-3261.

This page (NYSE:ASB) was last updated on 9/26/2023 by MarketBeat.com Staff

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