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

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$23.04 -0.21 (-0.90 %)
(As of 11/20/2018 06:44 AM ET)
Previous Close$23.25
Today's Range$22.95 - $23.50
52-Week Range$22.00 - $29.02
Volume1.08 million shs
Average Volume1.40 million shs
Market Capitalization$3.85 billion
P/E Ratio12.24
Dividend Yield2.58%
Beta1.01
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 that comprise 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 March 16, 2018, the company operated 270 banking locations serving approximately 110 communities. Associated Banc-Corp was founded in 1861 and is headquartered in Green Bay, Wisconsin.

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Industry, Sector and Symbol

Stock Exchange NYSE
Industry State commercial banks
Sub-IndustryN/A
SectorFinance
Current SymbolNYSE:ASB
Previous SymbolNASDAQ:ASBC
CUSIPN/A
Phone920-491-7500

Debt

Debt-to-Equity Ratio1.17
Current Ratio0.92
Quick Ratio0.91

Price-To-Earnings

Trailing P/E Ratio12.24
Forward P/E Ratio11.52
P/E Growth1.66

Sales & Book Value

Annual Sales$1.22 billion
Price / Sales3.13
Cash Flow$2.3367 per share
Price / Cash9.86
Book Value$20.14 per share
Price / Book1.14

Profitability

EPS (Most Recent Fiscal Year)$1.52
Net Income$229.26 million
Net Margins20.53%
Return on Equity9.44%
Return on Assets0.99%

Miscellaneous

Employees4,388
Outstanding Shares165,780,000
Market Cap$3.85 billion
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, October 24th. Shareholders of record on Monday, December 3rd will be given a dividend of $0.17 per share on Monday, December 17th. This represents a $0.68 annualized dividend and a dividend yield of 2.95%. The ex-dividend date of this dividend is Friday, November 30th. This is a boost from Associated Banc's previous quarterly dividend of $0.15. View Associated Banc's Dividend History.

How were Associated Banc's earnings last quarter?

Associated Banc Corp (NYSE:ASB) posted its quarterly earnings data on Thursday, October, 18th. The bank reported $0.49 earnings per share for the quarter, hitting the consensus estimate of $0.49. The bank had revenue of $307.69 million for the quarter, compared to the consensus estimate of $321.04 million. Associated Banc had a return on equity of 9.44% and a net margin of 20.53%. During the same quarter in the previous year, the firm earned $0.34 EPS. 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, January 24th 2019. View Earnings Estimates for Associated Banc.

What price target have analysts set for ASB?

10 brokers have issued 1-year price objectives for Associated Banc's stock. Their forecasts range from $26.00 to $30.00. On average, they anticipate Associated Banc's stock price to reach $27.75 in the next twelve months. This suggests a possible upside of 20.4% 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 9 hold ratings and 1 buy rating for the stock, resulting in a consensus recommendation of "Hold." View Analyst Ratings for Associated Banc.

Has Associated Banc been receiving favorable news coverage?

Media coverage about ASB stock has been trending very positive recently, according to InfoTrie Sentiment. InfoTrie identifies negative and positive press coverage by monitoring more than six thousand news and blog sources in real-time. The firm ranks coverage of public companies on a scale of negative five to five, with scores closest to five being the most favorable. Associated Banc earned a news sentiment score of 3.1 on InfoTrie's scale. They also gave media coverage about the bank a news buzz of 10.0 out of 10, indicating that recent press coverage is extremely likely to have an effect on the company's share price in the near future.

Are investors shorting Associated Banc?

Associated Banc saw a decrease in short interest during the month of October. As of October 31st, there was short interest totalling 2,950,618 shares, a decrease of 41.8% from the October 15th total of 5,070,403 shares. Based on an average daily trading volume, of 1,924,876 shares, the days-to-cover ratio is presently 1.5 days. Approximately 1.7% of the shares of the stock are short sold. View Associated Banc's Current Options Chain.

Who are some of Associated Banc's key competitors?

Who are Associated Banc's key executives?

Associated Banc's management team includes the folowing people:
  • Mr. Philip B. Flynn, Pres, CEO & Director (Age 61)
  • Mr. Christopher J. Del Moral-Niles CFA, Exec. VP & CFO (Age 47)
  • Mr. Randall J. Erickson, Exec. VP, Gen. Counsel & Corp. Sec. (Age 59)
  • Mr. David L. Stein, Exec. VP and Head of Consumer & Bus. Banking (Age 55)
  • Mr. John A. Utz, EVP, Head of Corp. Banking & Milwaukee Market Pres (Age 50)

Who are Associated Banc's major shareholders?

Associated Banc's stock is owned by a variety of of retail and institutional investors. Top institutional shareholders include BlackRock Inc. (9.02%), Dimensional Fund Advisors LP (6.26%), Victory Capital Management Inc. (2.97%), JPMorgan Chase & Co. (2.69%), Alliancebernstein L.P. (2.46%) and Bank of New York Mellon Corp (2.24%). 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, Robert A Jeffe, Scott Hickey, Tammy C Stadler, Timothy J Lau, William M Bohn and William R Hutchinson. View Institutional Ownership Trends for Associated Banc.

Which institutional investors are selling Associated Banc stock?

ASB stock was sold by a variety of institutional investors in the last quarter, including First Trust Advisors LP, FMR LLC, Alliancebernstein L.P., Renaissance Technologies LLC, Deutsche Bank AG, Dimensional Fund Advisors LP, Hsbc Holdings PLC and Maltese Capital Management LLC. Company insiders that have sold Associated Banc company stock in the last year include Breck F Hanson, Christopher C Piotrowski, 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, William M Bohn and William R Hutchinson. View Insider Buying and Selling for Associated Banc.

Which institutional investors are buying Associated Banc stock?

ASB stock was acquired by a variety of institutional investors in the last quarter, including Prudential Financial Inc., JPMorgan Chase & Co., BlackRock Inc., Matarin Capital Management LLC, Panagora Asset Management Inc., AQR Capital Management LLC, Allianz Asset Management GmbH and Ontario Teachers Pension Plan Board. Company insiders that have bought Associated Banc stock in the last two years include Moral-Niles Christopher Del, 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 $23.04.

How big of a company is Associated Banc?

Associated Banc has a market capitalization of $3.85 billion and generates $1.22 billion in revenue each year. The bank earns $229.26 million in net income (profit) each year or $1.52 on an earnings per share basis. Associated Banc employs 4,388 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:  186 (Vote Outperform)
Underperform Votes:  275 (Vote Underperform)
Total Votes:  461
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 11/20/2018 by MarketBeat.com Staff

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