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NYSE:ASB

Associated Banc (ASB) Stock Price, News & Analysis

$21.24
+0.27 (+1.29%)
(As of 05/24/2024 ET)
Today's Range
$20.97
$21.24
50-Day Range
$19.90
$22.48
52-Week Range
$14.56
$22.77
Volume
652,079 shs
Average Volume
1.14 million shs
Market Capitalization
$3.20 billion
P/E Ratio
21.45
Dividend Yield
4.14%
Price Target
$23.13

Associated Banc MarketRank™ Stock Analysis

Analyst Rating
Hold
2.25 Rating Score
Upside/​Downside
8.9% Upside
$23.13 Price Target
Short Interest
Bearish
4.36% of Float Sold Short
Dividend Strength
Strong
Based on Four Factors
Sustainability
-0.29
Upright™ Environmental Score
News Sentiment
0.66mentions of Associated Banc in the last 14 days
Based on 9 Articles This Week
Insider Trading
Selling Shares
$564,115 Sold Last Quarter
Proj. Earnings Growth
11.85%
From $2.11 to $2.36 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.

4.19 out of 5 stars

Finance Sector

238th out of 854 stocks

State Commercial Banks Industry

53rd out of 177 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

Barclays Keeps Their Hold Rating on Associated Banc-Corp (ASB)
Q1 2024 Associated Banc-Corp Earnings Call
See More Headlines
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Company Calendar

Ex-Dividend for 3/15 Dividend
2/29/2024
Dividend Payable
3/15/2024
Last Earnings
4/30/2024
Today
5/25/2024
Ex-Dividend for 6/17 Dividend
6/03/2024
Dividend Payable
6/17/2024
Next Earnings (Estimated)
7/18/2024
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
$23.13
High Stock Price Target
$25.00
Low Stock Price Target
$21.00
Potential Upside/Downside
+8.9%
Consensus Rating
Hold
Rating Score (0-4)
2.25
Research Coverage
8 Analysts

Profitability

Net Income
$182.96 million
Pretax Margin
7.68%

Debt

Sales & Book Value

Annual Sales
$2.22 billion
Cash Flow
$3.18 per share
Book Value
$26.36 per share

Miscellaneous

Free Float
148,581,000
Market Cap
$3.20 billion
Optionable
Optionable
Beta
0.99
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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 twelve months. 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 Wall Street research analysts have issued 12 month target prices for Associated Banc's shares. Their ASB share price targets range from $21.00 to $25.00. On average, they predict the company's share price to reach $23.13 in the next year. This suggests a possible upside of 8.9% 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 on January 1st, 2024. Since then, ASB stock has decreased by 0.7% and is now trading at $21.24.
View the best growth stocks for 2024 here
.

Are investors shorting Associated Banc?

Associated Banc saw a increase in short interest during the month of April. As of April 30th, there was short interest totaling 6,500,000 shares, an increase of 45.1% from the April 15th total of 4,480,000 shares. Based on an average daily trading volume, of 1,360,000 shares, the days-to-cover ratio is currently 4.8 days. Currently, 4.4% 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, July 18th 2024.
View our ASB earnings forecast
.

How were Associated Banc's earnings last quarter?

Associated Banc-Corp (NYSE:ASB) announced its quarterly earnings results on Tuesday, April, 30th. The bank reported $0.52 earnings per share for the quarter, beating the consensus estimate of $0.49 by $0.03. The bank had revenue of $322.84 million for the quarter, compared to analysts' expectations of $325 million. Associated Banc had a trailing twelve-month return on equity of 8.31% and a net margin of 6.86%. Associated Banc's revenue was down 3.9% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.66 EPS.

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

Associated Banc declared a quarterly dividend on Tuesday, April 30th. Shareholders of record on Monday, June 3rd will be given a dividend of $0.22 per share on Monday, June 17th. This represents a $0.88 dividend on an annualized basis and a dividend yield of 4.14%. The ex-dividend date is Monday, June 3rd.
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 4.20%. 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 88.89%. 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 37.29% 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 investors include Vanguard Group Inc. (10.36%), LSV Asset Management (2.69%), Allspring Global Investments Holdings LLC (1.79%), Allspring Global Investments Holdings LLC (1.79%), Pzena Investment Management LLC (1.72%) and Principal Financial Group Inc. (0.38%). 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 5/26/2024 by MarketBeat.com Staff

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