NYSE:ASB - Associated Banc Stock Price, News, & Analysis

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$21.74 -0.08 (-0.37 %)
(As of 03/22/2019 01:50 AM ET)
Previous Close$21.82
Today's Range$21.47 - $21.97
52-Week Range$18.53 - $29.02
Volume1.34 million shs
Average Volume1.28 million shs
Market Capitalization$3.58 billion
P/E Ratio10.71
Dividend Yield3.12%
Beta1.13
Associated Banc-Corp, a bank holding company, provides various banking and nonbanking products to individuals and businesses primarily in Wisconsin, Illinois, and Minnesota. Its Corporate and Commercial Specialty segment offers 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; and 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. This segment also provides specialized financial services comprising interest rate risk management, foreign exchange solutions, and commodity hedging. The company's Community, Consumer, and Business segment offers checking, credit, debit and pre-paid cards, online banking and bill pay, and money transfer services; residential mortgages, home equity loans and lines of credit, personal and installment loans, real estate financing, business loans, and business lines of credit; savings, money market deposit accounts, IRA accounts, certificates of deposit, and fixed and variable annuities, as well as full-service, discount, and online investment brokerage; investment advisory services; trust and investment management accounts; and insurance and other related products and services. This segment also engages in the administration of pension, profit-sharing and other employee benefit plans, fiduciary and corporate agency services, and institutional asset management services. Its Risk Management and Shared Services segment provides corporate risk management, credit administration, finance, treasury, operations, and technology services. As of December 31, 2018, the company operated 236 banking locations serving approximately 100 communities. Associated Banc-Corp was founded in 1861 and is headquartered in Green Bay, Wisconsin.

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Industry, Sector and Symbol

Industry State commercial banks
Sub-IndustryN/A
SectorFinance
Previous SymbolNASDAQ:ASBC
CUSIPN/A
CIK7789
Phone920-491-7500

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$1.51 billion
Cash Flow$2.6193 per share
Book Value$21.26 per share

Profitability

Net Income$333.56 million

Miscellaneous

Employees4,655
Market Cap$3.58 billion
Next Earnings Date4/25/2019 (Confirmed)
OptionableOptionable

Associated Banc (NYSE:ASB) Frequently Asked Questions

What is Associated Banc's stock symbol?

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

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

Associated Banc declared a quarterly dividend on Wednesday, February 6th. Stockholders of record on Friday, March 1st will be given a dividend of $0.17 per share on Friday, March 15th. This represents a $0.68 annualized dividend and a dividend yield of 3.13%. The ex-dividend date of this dividend is Thursday, February 28th. View Associated Banc's Dividend History.

How were Associated Banc's earnings last quarter?

Associated Banc Corp (NYSE:ASB) released its earnings results on Thursday, January, 24th. The bank reported $0.50 earnings per share for the quarter, topping the Zacks' consensus estimate of $0.49 by $0.01. The bank earned $308 million during the quarter, compared to analyst estimates of $311.13 million. Associated Banc had a return on equity of 9.79% and a net margin of 22.09%. During the same period last year, the company earned $0.31 earnings per share. View Associated Banc's Earnings History.

When is Associated Banc's next earnings date?

Associated Banc is scheduled to release their next quarterly earnings announcement on Thursday, April 25th 2019. View Earnings Estimates for Associated Banc.

What price target have analysts set for ASB?

10 equities research analysts have issued 1 year price objectives for Associated Banc's shares. Their predictions range from $21.00 to $27.00. On average, they anticipate Associated Banc's share price to reach $25.00 in the next twelve months. This suggests a possible upside of 15.0% from the stock's current price. View Analyst Price Targets for Associated Banc.

What is the consensus analysts' recommendation for Associated Banc?

10 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Associated Banc in the last year. There are currently 2 sell ratings, 6 hold ratings and 2 buy ratings for the stock, resulting in a consensus recommendation of "Hold." View Analyst Ratings for Associated Banc.

Has Associated Banc been receiving favorable news coverage?

News articles about ASB stock have been trending neutral this week, according to InfoTrie Sentiment Analysis. InfoTrie rates the sentiment of media coverage by monitoring more than six thousand blog and news sources. The firm ranks coverage of public companies on a scale of negative five to positive five, with scores nearest to five being the most favorable. Associated Banc earned a media sentiment score of 0.5 on InfoTrie's scale. They also gave news headlines about the bank a news buzz of 7.0 out of 10, meaning that recent media coverage is likely to have an effect on the stock's share price in the near term.

Who are some of Associated Banc's key competitors?

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 Intelsat (I), Bank of America (BAC), Fossil Group (FOSL), Chaarat Gold (CGH), China Unicom (Hong Kong) (CHU), Associated British Foods (ABF), Apollo Global Management (APO), First Data (FDC), HSBC (HSBA) and Ciena (CIEN).

Who are Associated Banc's key executives?

Associated Banc's management team includes the folowing people:
  • Mr. Philip B. Flynn, Pres, CEO & Director (Age 62)
  • Mr. Christopher J. Del Moral-Niles CFA, Exec. VP & CFO (Age 48)
  • Mr. Randall J. Erickson, Exec. VP, Gen. Counsel & Corp. Sec. (Age 60)
  • Mr. David L. Stein, Madison Market Pres of Associated Bank (Age 56)
  • Mr. John A. Utz, EVP, Head of Corp. Banking & Milwaukee Market Pres (Age 51)

Who are Associated Banc's major shareholders?

Associated Banc's stock is owned by a variety of of retail and institutional investors. Top institutional investors include BlackRock Inc. (9.19%), Dimensional Fund Advisors LP (6.53%), Victory Capital Management Inc. (2.54%), Bank of New York Mellon Corp (2.16%), Millennium Management LLC (1.74%) and Mairs & Power INC (1.56%). Company insiders that own Associated Banc stock include Breck F Hanson, Christopher C Piotrowski, David L Stein, Eileen A Kamerick, James Yee, John A Utz, John P Hankerd, Judith M Docter, Moral-Niles Christopher Del, Nicole M Kitowski, Philip B Flynn, Tammy C Stadler, Timothy J Lau, William M Bohn and William R Hutchinson. View Institutional Ownership Trends for Associated Banc.

Which major investors are selling Associated Banc stock?

ASB stock was sold by a variety of institutional investors in the last quarter, including Millennium Management LLC, Victory Capital Management Inc., Mackenzie Financial Corp, FMR LLC, Citigroup Inc., Bank of Nova Scotia, Boston Advisors LLC and Bank of New York Mellon Corp. Company insiders that have sold Associated Banc company stock in the last year include David L Stein, John A Utz, John P Hankerd, Judith M Docter, Moral-Niles Christopher Del, Nicole M Kitowski, Philip B Flynn, Tammy C Stadler, Timothy J Lau and William M Bohn. View Insider Buying and Selling for Associated Banc.

Which major investors are buying Associated Banc stock?

ASB stock was bought by a variety of institutional investors in the last quarter, including Norges Bank, Oregon Public Employees Retirement Fund, Squarepoint Ops LLC, Dimensional Fund Advisors LP, LSV Asset Management, BlackRock Inc., Canada Pension Plan Investment Board and Rhumbline Advisers. Company insiders that have bought Associated Banc stock in the last two years include Moral-Niles Christopher Del, Nicole M Kitowski, Philip B Flynn and William R Hutchinson. View Insider Buying and Selling for Associated Banc.

How do I buy shares of Associated Banc?

Shares of ASB can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Scottrade, Fidelity and Charles Schwab.

What is Associated Banc's stock price today?

One share of ASB stock can currently be purchased for approximately $21.74.

How big of a company is Associated Banc?

Associated Banc has a market capitalization of $3.58 billion and generates $1.51 billion in revenue each year. The bank earns $333.56 million in net income (profit) each year or $2.03 on an earnings per share basis. Associated Banc employs 4,655 workers across the globe.

What is Associated Banc's official website?

The official website for Associated Banc is http://www.associatedbank.com.

How can I contact Associated Banc?

Associated Banc's mailing address is 433 MAIN STREET, GREEN BAY WI, 54301. The bank can be reached via phone at 920-491-7500 or via email at [email protected]


MarketBeat Community Rating for Associated Banc (NYSE ASB)

Community Ranking:  2.0 out of 5 (star star)
Outperform Votes:  195 (Vote Outperform)
Underperform Votes:  288 (Vote Underperform)
Total Votes:  483
MarketBeat's community ratings are surveys of what our community members think about Associated Banc and other stocks. Vote "Outperform" if you believe ASB will outperform the S&P 500 over the long term. Vote "Underperform" if you believe ASB will underperform the S&P 500 over the long term. You may vote once every thirty days.
This page was last updated on 3/22/2019 by MarketBeat.com Staff

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