Associated Banc (ASB) Stock Price, News & Analysis

Company Overview

Associated Banc-Corp is a regional bank holding company headquartered in Green Bay, Wisconsin, operating through its principal banking subsidiary, Associated Bank, National Association. Established in 1861, the company offers a comprehensive suite of financial products and services tailored to individuals, small businesses, and commercial clients. Its core business activities encompass commercial and consumer lending, deposit products, treasury and payment services, and mortgage origination, supported by a network of branches and offices across the Midwest.

The bank’s commercial banking segment provides a range of credit facilities, including term loans, revolving lines of credit, equipment financing, and commercial real estate loans, designed to meet the diverse needs of manufacturing, agricultural, retail, healthcare, and other industry clients. In parallel, its consumer banking platform delivers checking and savings accounts, certificates of deposit, home equity lines of credit, and various mortgage solutions, backed by digital and mobile banking capabilities to enhance customer convenience.

Beyond traditional banking, Associated Banc-Corp offers wealth management and trust services through dedicated teams of financial advisors, estate planners, and investment specialists. Clients can access personalized investment strategies, retirement planning, fiduciary services, and trust administration. The company also provides insurance and risk management solutions, addressing property and casualty, life and disability, and employee benefits, all supported by in-house underwriting and brokerage expertise.

Serving communities throughout Wisconsin, Illinois, Minnesota, and Iowa, Associated Banc-Corp combines local decision-making with regional scale. Its leadership team, led by President and Chief Executive Officer Andrew Harmening, emphasizes client-focused innovation, prudent risk management, and community engagement. Over its more than 160-year history, the company has maintained a commitment to supporting economic growth and fostering long-term relationships with customers, shareholders, and the markets it serves.

Key Stats

• Today's Range: $25.64 to $25.94
• 50-Day Range: $22.61 to $25.90
• 52-Week Range: $18.32 to $28.18
• Volume: 3.32 million shs
• Average Volume: 1.57 million shs
• Market Capitalization: $4.29 billion
• P/E Ratio: 11.47
• Dividend Yield: 3.56%
• Price Target: $27.22
• Consensus Rating: Hold

Associated Banc Stock Analysis - MarketRank™

Associated Banc scored higher than 98% of companies evaluated by MarketBeat, and ranked 35th out of 933 stocks in the finance sector. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

Analyst's Opinion

• Score: 2.1 / 5
• Analyst Rating: Hold

Consensus Rating

Associated Banc has received a consensus rating of Hold. The company's average rating score is 2.22, and is based on 2 buy ratings, 7 hold ratings, and no sell ratings.

Amount of Analyst Coverage

Associated Banc has been the subject of 6 research reports in the past 90 days, demonstrating strong analyst interest in this stock.

Earnings and Valuation

• Score: 2.5 / 5
• Proj. Earnings Growth: 9.47%

Earnings Growth

Earnings for Associated Banc are expected to grow by 9.47% in the coming year, from $2.43 to $2.66 per share.

Price to Earnings Ratio vs. the Market

The P/E ratio of Associated Banc is 30.08, which means that it is trading at a more expensive P/E ratio than the market average P/E ratio of about 26.51.

Price to Earnings Ratio vs. Sector

The P/E ratio of Associated Banc is 30.08, which means that it is trading at a more expensive P/E ratio than the Finance sector average P/E ratio of about 19.17.

Price to Earnings Growth Ratio

Associated Banc has a PEG Ratio of 0.95. PEG Ratios around 1 indicate that a company is correctly valued.

Price to Book Value per Share Ratio

Associated Banc has a P/B Ratio of 0.89. P/B Ratios below 1 indicate that a company could be undervalued with respect to its assets and liabilities.

Short Interest

• Score: 5.0 / 5
• Short Interest Level: Healthy

Percentage of Shares Shorted

2.96% of the float of Associated Banc has been sold short.

Short Interest Ratio / Days to Cover

Associated Banc has a short interest ratio ("days to cover") of 3.3, which is generally considered an acceptable ratio of short interest to trading volume.

Change versus previous month

Short interest in Associated Banc has recently decreased by 15.85%, indicating that investor sentiment is improving significantly.

Dividend

• Score: 4.2 / 5
• Dividend Strength: Strong

Dividend Leadership

Associated Banc is a leading dividend payer. It pays a dividend yield of 3.63%, putting its dividend yield in the top 25% of dividend-paying stocks.

Dividend Growth

Associated Banc has been increasing its dividend for 13 years.

Dividend Coverage

The dividend payout ratio of Associated Banc is 106.98%. Payout ratios above 75% are not desirable because they may not be sustainable.

Dividend Sustainability

Based on earnings estimates, Associated Banc will have a dividend payout ratio of 34.59% next year. This indicates that Associated Banc will be able to sustain or increase its dividend.

Sustainability and ESG

• Score: 3.5 / 5
• Environmental Score: -0.29

Percentage of Shares Shorted

2.96% of the float of Associated Banc has been sold short.

Short Interest Ratio / Days to Cover

Associated Banc has a short interest ratio ("days to cover") of 3.3, which is generally considered an acceptable ratio of short interest to trading volume.

Change versus previous month

Short interest in Associated Banc has recently decreased by 15.85%, indicating that investor sentiment is improving significantly.

News and Social Media

• Score: 2.2 / 5
• News Sentiment: 0.91

News Sentiment

Associated Banc has a news sentiment score of 0.91. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This news sentiment score is similar to the average news sentiment of Finance companies.

News Coverage This Week

MarketBeat has tracked 9 news articles for Associated Banc this week, compared to 7 articles on an average week.

Search Interest

Only 1 people have searched for ASB on MarketBeat in the last 30 days. This is a decrease of -75% compared to the previous 30 days.

Company Ownership

• Score: 3.3 / 5
• Insider Trading: Acquiring Shares

Insider Buying vs. Insider Selling

In the past three months, Associated Banc insiders have bought more of their company's stock than they have sold. Specifically, they have bought $300,158.00 in company stock and sold $0.00 in company stock.

Percentage Held by Insiders

Only 1.45% of the stock of Associated Banc is held by insiders.

Percentage Held by Institutions

82.98% of the stock of Associated Banc is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

ASB Stock Analysis - Frequently Asked Questions

How have ASB shares performed this year?

Associated Banc's stock was trading at $23.90 at the beginning of 2025. Since then, ASB stock has increased by 8.2% and is now trading at $25.87.

How were Associated Banc's earnings last quarter?

Associated Banc-Corp (NYSE:ASB) released its quarterly earnings results on Thursday, April, 24th. The bank reported $0.59 EPS for the quarter, beating the consensus estimate of $0.57 by $0.02. The firm's revenue for the quarter was up 6.8% compared to the same quarter last year.
Read the conference call transcript.

Who are Associated Banc's major shareholders?

Top institutional shareholders of Associated Banc include Legacy Private Trust Co. (0.16%), Wealth Enhancement Advisory Services LLC (0.03%), State of Alaska Department of Revenue (0.01%) and Pallas Capital Advisors LLC (0.01%). Insiders that own company stock include Andrew J Harmening, Randall J Erickson, John A Utz, David L Stein, John B Williams, Tammy C Stadler, Lith Karen Van, Eileen A Kamerick, R Jay Gerken, Nicole M Kitowski and Michael J Haddad.
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.

What other stocks do shareholders of Associated Banc own?

Based on aggregate information from My MarketBeat watchlists, some other companies that Associated Banc investors own include NVIDIA (NVDA), Meta Platforms (META), Broadcom (AVGO), Advanced Micro Devices (AMD), Adobe (ADBE), GE Aerospace (GE) and ServiceNow (NOW).

Company Calendar

• Last Earnings: 4/24/2025
• Record date for 6/16 Dividend: 6/02/2025
• Ex-Dividend for 6/16 Dividend: 6/02/2025
• Dividend Payable: 6/16/2025
• Today: 7/18/2025
• Next Earnings (Estimated): 7/24/2025
• Fiscal Year End: 12/31/2025

Industry, Sector and Symbol

• Stock Exchange: NYSE
• Sector: Finance
• Industry: BANKS - MIDWEST
• Sub-Industry: Banking
• Current Symbol: NYSE:ASB
• Previous Symbol: NASDAQ:ASBC
• CIK: 7789
• Web: www.associatedbank.com
• Phone: (920) 491-7500
• Fax: 920-433-3261
• Employees: 4,000
• Year Founded: N/A

Price Target and Rating

• Average Price Target for Associated Banc: $27.22
• High Price Target: $30.00
• Low Price Target: $26.00
• Potential Upside/Downside: +5.8%
• Consensus Rating: Hold
• Rating Score (0-4): 2.22
• Research Coverage: 9 Analysts

Profitability

• EPS (Trailing Twelve Months): $0.86
• Trailing P/E Ratio: 29.94
• Forward P/E Ratio: 10.58
• P/E Growth: 0.95
• Net Income: $123.14 million
• Net Margins: 6.02%
• Pretax Margin: 6.46%
• Return on Equity: 8.47%
• Return on Assets: 0.85%

Debt

• Debt-to-Equity Ratio: 0.58
• Current Ratio: 0.87
• Quick Ratio: 0.87

Sales & Book Value

• Annual Sales: $2.39 billion
• Price / Sales: 1.78
• Cash Flow: $3.35 per share
• Price / Cash Flow: 7.68
• Book Value: $29.17 per share
• Price / Book: 0.88

Miscellaneous

• Outstanding Shares: 165,810,000
• Free Float: 163,406,000
• Market Cap: $4.26 billion
• Optionable: Optionable
• Beta: 0.80