NYSE:ASB

Associated Banc Stock Forecast, Price & News

$22.29
+0.15 (+0.68 %)
(As of 06/11/2021 12:00 AM ET)
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Today's Range
$22.16
$22.50
50-Day Range
$20.83
$23.33
52-Week Range
$11.78
$23.94
Volume1.03 million shs
Average Volume1.18 million shs
Market Capitalization$3.41 billion
P/E Ratio10.22
Dividend Yield3.25%
Beta1.24
30 days | 90 days | 365 days | Advanced Chart
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Associated Banc logo

About Associated Banc

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 savings, money market deposit accounts, IRA accounts, and certificates of deposit; 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; administration of pension, profit-sharing and other employee benefit plans, fiduciary and corporate agency services, and institutional asset management; fixed and variable annuities, full-service, and discount and online investment brokerage; investment advisory services; and trust and investment management accounts. 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. As of December 31, 2020, the company operated 228 banking branches. Associated Banc-Corp was founded in 1861 and is headquartered in Green Bay, Wisconsin.

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Industry, Sector and Symbol

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MarketRank

Overall MarketRank

1.79 out of 5 stars

Finance Sector

383rd out of 1,979 stocks

State Commercial Banks Industry

66th out of 312 stocks

Analyst Opinion: 1.0Community Rank: 1.9Dividend Strength: 2.5Insider Behavior: 1.7Valuation: 1.9 5 -4 -3 -2 -1 -
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Associated Banc (NYSE:ASB) Frequently Asked Questions

Is Associated Banc a buy right now?

7 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Associated Banc in the last twelve months. There are currently 7 hold ratings for the stock. The consensus among Wall Street analysts is that investors should "hold" Associated Banc stock. 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 analyst ratings for Associated Banc
or view top-rated stocks.

What stocks does MarketBeat like better than Associated Banc?

Wall Street analysts have given Associated Banc a "Hold" rating, but there may be better buying opportunities in the stock market. Some of MarketBeat's past winning trading ideas have resulted in 5-15% weekly gains. MarketBeat just released five new stock ideas, but Associated Banc wasn't one of them. MarketBeat thinks these five companies may be even better buys.
View MarketBeat's top stock picks here.

Are investors shorting Associated Banc?

Associated Banc saw a decrease in short interest in the month of May. As of May 28th, there was short interest totaling 2,780,000 shares, a decrease of 17.3% from the May 13th total of 3,360,000 shares. Based on an average trading volume of 1,410,000 shares, the short-interest ratio is presently 2.0 days. Approximately 1.9% of the shares of the company are sold short.
View Associated Banc's Short Interest
.

When is Associated Banc's next earnings date?

Associated Banc is scheduled to release its next quarterly earnings announcement on Thursday, July 22nd 2021.
View our earnings forecast for Associated Banc
.

How were Associated Banc's earnings last quarter?

Associated Banc-Corp (NYSE:ASB) released its quarterly earnings data on Wednesday, April, 21st. The bank reported $0.58 earnings per share for the quarter, beating the Zacks' consensus estimate of $0.45 by $0.13. The bank earned $271 million during the quarter, compared to the consensus estimate of $263.58 million. Associated Banc had a net margin of 26.17% and a trailing twelve-month return on equity of 6.67%. Associated Banc's revenue was down 10.0% compared to the same quarter last year. During the same quarter last year, the company posted $0.27 EPS.
View Associated Banc's earnings history
.

How has Associated Banc's stock price been impacted by Coronavirus?

Associated Banc's stock was trading at $13.33 on March 11th, 2020 when Coronavirus reached pandemic status according to the World Health Organization. Since then, ASB stock has increased by 67.2% and is now trading at $22.29.
View which stocks have been most impacted by COVID-19
.

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

Associated Banc declared a quarterly dividend on Wednesday, April 28th. Stockholders of record on Tuesday, June 1st will be paid a dividend of $0.18 per share on Tuesday, June 15th. This represents a $0.72 annualized dividend and a yield of 3.23%. The ex-dividend date is Friday, May 28th.
View Associated Banc's dividend history
.

Is Associated Banc a good dividend stock?

Associated Banc pays an annual dividend of $0.72 per share and currently has a dividend yield of 3.25%. Associated Banc does not yet have a strong track record of dividend growth. The dividend payout ratio of Associated Banc is 38.71%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, Associated Banc will have a dividend payout ratio of 46.15% next year. This indicates that Associated Banc will be able to sustain or increase its dividend.
View Associated Banc's dividend history.

What price target have analysts set for ASB?

7 equities research analysts have issued twelve-month price objectives for Associated Banc's shares. Their forecasts range from $13.00 to $24.00. On average, they expect Associated Banc's stock price to reach $19.20 in the next twelve months. This suggests that the stock has a possible downside of 13.9%.
View analysts' price targets for Associated Banc
or view top-rated stocks among Wall Street analysts.

Who are Associated Banc's key executives?

Associated Banc's management team includes the following people:
  • Mr. Christopher J. Del Moral-Niles CFA, Exec. VP & CFO (Age 50, Pay $548.56k)
  • Mr. Randall J. Erickson, Exec. VP, Gen. Counsel & Corp. Sec. (Age 62, Pay $517.26k)
  • Mr. David L. Stein, Exec. VP and Head of Consumer & Bus. Banking (Age 58, Pay $461.58k)
  • Mr. Philip B. Flynn, Exec. Officer (Age 64, Pay $1.52M)
  • Mr. John Anthony Utz, Exec. VP, Head of Corp. Banking, Head of Wealth Management & Milwaukee Market Pres (Age 53, Pay $506.3k)
  • Mr. Andrew J. Harmening, Pres, CEO & Director (Age 52)
  • Mr. Michael O. Meinolf, Exec. VP & Chief Information Officer (Age 46)
  • Mr. Robb S. Timme, Sr. VP, Director of Investor Relations & Capital Management
  • Mr. Anthony Philip Pecora, Sr. VP and Director of Compliance
  • Mr. Christopher C. Piotrowski, Exec. VP & Chief Marketing Officer (Age 46)

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

219 employees have rated Associated Banc CEO Philip B. (Phil) Flynn on Glassdoor.com. Philip B. (Phil) Flynn has an approval rating of 89% among Associated Banc's employees.

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 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 many different institutional and retail investors. Top institutional investors include BlackRock Inc. (8.85%), Dimensional Fund Advisors LP (6.65%), Pzena Investment Management LLC (2.45%), AQR Capital Management LLC (2.15%), LSV Asset Management (2.04%) and Cramer Rosenthal Mcglynn LLC (1.92%). Company insiders that own Associated Banc stock include Andrew J Harmening, Christopher C Piotrowski, David L Stein, John A Utz, John B Williams, John F Bergstrom, John P Hankerd, Lith Karen Van, Michael J Haddad, Michael Meinolf, Michael T Crowley Jr, Moral-Niles Christopher Del, Nicole M Kitowski, Patrick Edward Ahern, 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 Arrowstreet Capital Limited Partnership, Alliancebernstein L.P., Cramer Rosenthal Mcglynn LLC, Dalton Greiner Hartman Maher & Co., Man Group plc, LSV Asset Management, D. E. Shaw & Co. Inc., and Prudential Financial Inc.. Company insiders that have sold Associated Banc company stock in the last year include Andrew J Harmening, John A Utz, John B Williams, Lith Karen Van, Michael Meinolf, Moral-Niles Christopher Del, Nicole M Kitowski, Patrick Edward Ahern, Philip B Flynn, and Tammy C Stadler.
View insider buying and selling activity for Associated Banc
or view top insider-selling stocks.

Which major investors are buying Associated Banc stock?

ASB stock was bought by a variety of institutional investors in the last quarter, including BlackRock Inc., Peregrine Capital Management LLC, Bank of New York Mellon Corp, Panagora Asset Management Inc., Cubist Systematic Strategies LLC, JPMorgan Chase & Co., Citigroup Inc., and Geode Capital Management LLC. Company insiders that have bought Associated Banc stock in the last two years include John B Williams, John F Bergstrom, Michael J Haddad, Michael T Crowley Jr, Moral-Niles Christopher Del, Timothy J Lau, and William R Hutchinson.
View insider buying and selling activity for Associated Banc
or or view top insider-buying stocks.

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 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 $22.29.

How much money does Associated Banc make?

Associated Banc has a market capitalization of $3.41 billion and generates $1.43 billion in revenue each year. The bank earns $306.77 million in net income (profit) each year or $1.86 on an earnings per share basis.

How many employees does Associated Banc have?

Associated Banc employs 4,459 workers across the globe.

What is Associated Banc's official website?

The official website for Associated Banc is www.associatedbank.com.

Where are Associated Banc's headquarters?

Associated Banc is headquartered at 433 MAIN STREET, GREEN BAY WI, 54301.

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]


This page was last updated on 6/13/2021 by MarketBeat.com Staff
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