Associated Banc (ASB) Stock Forecast, Price & News

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.

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.

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.
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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.

The company is scheduled to release its next quarterly earnings announcement on Thursday, October 19th 2023.
View our ASB earnings forecast.

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.

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%.

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.

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).

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.

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

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.

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

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.

The company employs 4,118 workers across the globe.

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.