S&P 500   4,967.23
DOW   37,986.40
QQQ   414.65
Biden signs bill extending a key US surveillance program after divisions nearly forced it to lapse
MarketBeat Week in Review – 4/15 - 4/19
The drug war devastated Black and other minority communities. Is marijuana legalization helping?
Morning sickness? Prenatal check-ups? What to know about new rights for pregnant workers
A man escaped Sudan's bloody civil war. His mysterious death in Missisippi has sparked suspicion
Record Store Day celebrates indie retail music sellers as they ride vinyl's popularity wave
Panama Papers trial's public portion comes to an unexpectedly speedy end
S&P 500   4,967.23
DOW   37,986.40
QQQ   414.65
Biden signs bill extending a key US surveillance program after divisions nearly forced it to lapse
MarketBeat Week in Review – 4/15 - 4/19
The drug war devastated Black and other minority communities. Is marijuana legalization helping?
Morning sickness? Prenatal check-ups? What to know about new rights for pregnant workers
A man escaped Sudan's bloody civil war. His mysterious death in Missisippi has sparked suspicion
Record Store Day celebrates indie retail music sellers as they ride vinyl's popularity wave
Panama Papers trial's public portion comes to an unexpectedly speedy end
S&P 500   4,967.23
DOW   37,986.40
QQQ   414.65
Biden signs bill extending a key US surveillance program after divisions nearly forced it to lapse
MarketBeat Week in Review – 4/15 - 4/19
The drug war devastated Black and other minority communities. Is marijuana legalization helping?
Morning sickness? Prenatal check-ups? What to know about new rights for pregnant workers
A man escaped Sudan's bloody civil war. His mysterious death in Missisippi has sparked suspicion
Record Store Day celebrates indie retail music sellers as they ride vinyl's popularity wave
Panama Papers trial's public portion comes to an unexpectedly speedy end
S&P 500   4,967.23
DOW   37,986.40
QQQ   414.65
Biden signs bill extending a key US surveillance program after divisions nearly forced it to lapse
MarketBeat Week in Review – 4/15 - 4/19
The drug war devastated Black and other minority communities. Is marijuana legalization helping?
Morning sickness? Prenatal check-ups? What to know about new rights for pregnant workers
A man escaped Sudan's bloody civil war. His mysterious death in Missisippi has sparked suspicion
Record Store Day celebrates indie retail music sellers as they ride vinyl's popularity wave
Panama Papers trial's public portion comes to an unexpectedly speedy end
NYSE:ASB

Associated Banc (ASB) Stock Price, News & Analysis

$20.55
+0.51 (+2.54%)
(As of 04/19/2024 ET)
Today's Range
$19.81
$20.58
50-Day Range
$19.73
$21.51
52-Week Range
$14.47
$22.16
Volume
1.35 million shs
Average Volume
1.09 million shs
Market Capitalization
$3.09 billion
P/E Ratio
18.19
Dividend Yield
4.28%
Price Target
$22.63

Associated Banc MarketRank™ Stock Analysis

Analyst Rating
Hold
2.25 Rating Score
Upside/​Downside
10.1% Upside
$22.63 Price Target
Short Interest
Healthy
2.57% of Float Sold Short
Dividend Strength
Strong
Based on Four Factors
Sustainability
-0.29
Upright™ Environmental Score
News Sentiment
0.78mentions of Associated Banc in the last 14 days
Based on 6 Articles This Week
Insider Trading
Selling Shares
$454,897 Sold Last Quarter
Proj. Earnings Growth
9.39%
From $2.13 to $2.33 Per Share

Overall MarketRank

New Rank-Based ScoringMarketRank is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.

4.99 out of 5 stars

Finance Sector

1st out of 838 stocks

State Commercial Banks Industry

1st out of 178 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 offers lending solutions, including commercial loans and lines of credit, commercial real estate financing, construction loans, letters of credit, leasing, asset based lending and equipment finance, loan syndications products, residential mortgages, home equity loans and lines of credit, personal and installment loans, auto finance and business loans, and business lines of credit. It also provides 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 and foreign exchange solutions; fiduciary services, such as administration of pension, profit-sharing and other employee benefit plans, fiduciary and corporate agency services, and institutional asset management services; and investable funds solutions, including 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. In addition, the company offers deposit and transactional solutions, including 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

ASB.PR.F Associated Banc-Corp 5.625 DP PF SR F
Associated Banc-Corp (NYSE:ASB) Short Interest Update
Biden’s $374B Giveaway Into This Sector
Biden’s Climate Bill Could Send Your Retirement Accounts Soaring – Or Diving See what this $374B giveaway could mean for your retirement right here
Biden’s $374B Giveaway Into This Sector
Biden’s Climate Bill Could Send Your Retirement Accounts Soaring – Or Diving See what this $374B giveaway could mean for your retirement right here
Evaluating Associated Banc: Insights From 5 Financial Analysts
Associated Banc-Corp (ASB)
ASB May 17th Options Begin Trading
ASB Sep 2024 25.000 call
Associated Banc-Corp.
Associated Banc Stock (NYSE:ASB), Dividends
Associated Banc Stock (NYSE:ASB) Insider Trades
Associated Banc-Corp Announces Dividends
See More Headlines
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Company Calendar

Last Earnings
1/25/2024
Ex-Dividend for 3/15 Dividend
2/29/2024
Dividend Payable
3/15/2024
Today
4/20/2024
Next Earnings (Confirmed)
4/25/2024
Fiscal Year End
12/31/2024

Industry, Sector and Symbol

Sector
Finance
Industry
State commercial banks
Sub-Industry
N/A
Previous Symbol
NASDAQ:ASBC
CIK
7789
Employees
4,100
Year Founded
N/A

Price Target and Rating

Average Stock Price Target
$22.63
High Stock Price Target
$25.00
Low Stock Price Target
$21.00
Potential Upside/Downside
+10.1%
Consensus Rating
Hold
Rating Score (0-4)
2.25
Research Coverage
8 Analysts

Profitability

Net Income
$182.96 million
Pretax Margin
10.19%

Debt

Sales & Book Value

Annual Sales
$1.10 billion
Cash Flow
$3.23 per share
Book Value
$26.37 per share

Miscellaneous

Free Float
148,325,000
Market Cap
$3.09 billion
Optionable
Optionable
Beta
1.00
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Key Executives


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 brokers have issued 12-month price objectives for Associated Banc's stock. Their ASB share price targets range from $21.00 to $25.00. On average, they expect the company's stock price to reach $22.63 in the next year. This suggests a possible upside of 10.1% 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 2024?

Associated Banc's stock was trading at $21.39 at the start of the year. Since then, ASB shares have decreased by 3.9% and is now trading at $20.55.
View the best growth stocks for 2024 here
.

Are investors shorting Associated Banc?

Associated Banc saw a decline in short interest during the month of March. As of March 31st, there was short interest totaling 3,810,000 shares, a decline of 6.2% from the March 15th total of 4,060,000 shares. Based on an average daily volume of 1,470,000 shares, the short-interest ratio is currently 2.6 days. Approximately 2.6% of the shares of the company 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, April 25th 2024.
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, April 25th 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) issued its quarterly earnings data on Thursday, January, 25th. The bank reported $0.53 EPS for the quarter, topping analysts' consensus estimates of $0.52 by $0.01. The bank had revenue of $322.22 million for the quarter, compared to analysts' expectations of $325.89 million. Associated Banc had a trailing twelve-month return on equity of 8.90% and a net margin of 8.12%.

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

Associated Banc announced a quarterly dividend on Tuesday, January 30th. Investors of record on Friday, March 1st will be paid a dividend of $0.22 per share on Friday, March 15th. This represents a $0.88 annualized dividend and a dividend yield of 4.28%. The ex-dividend date of this dividend is Thursday, February 29th.
Read our dividend analysis for ASB
.

Is Associated Banc a good dividend stock?

Associated Banc (NYSE:ASB) pays an annual dividend of $0.88 per share and currently has a dividend yield of 4.39%. 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 77.88%. Payout ratios above 75% are not desirable because they may not be sustainable. Based on earnings estimates, ASB will have a dividend payout ratio of 37.77% 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 variety of retail and institutional investors. Top institutional shareholders include Allspring Global Investments Holdings LLC (1.79%), State of Michigan Retirement System (0.02%), Hennion & Walsh Asset Management Inc. (0.01%), WoodTrust Financial Corp (0.01%), Kowal Investment Group LLC (0.01%) and CWM LLC (0.00%). 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, 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 Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

This page (NYSE:ASB) was last updated on 4/20/2024 by MarketBeat.com Staff

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