NYSE:ASBAssociated Banc Stock Price, Forecast & News

$14.01

-0.43 (-2.98 %)

(As of 05/29/2020 04:00 PM ET)

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Today's Range

$13.87

Now: $14.01▼

$14.38

50-Day Range

$11.49

MA: $13.16▼

$15.42

52-Week Range

$10.23

Now: $14.01▼

$22.60

Volume1.16 million shs

Average Volume1.25 million shs

Market Capitalization$2.19 billion

P/E Ratio8.34

Dividend Yield5.14%

Beta1.27

Associated Banc-Corp, a bank holding company, provides various banking and nonbanking products to individuals and businesses 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 comprising 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 April 30, 2019, the company operated approximately 230 banking locations serving approximately 110 communities. Associated Banc-Corp was founded in 1861 and is headquartered in Green Bay, Wisconsin.

Beat the Market (BTM) Rank^™

1.9 Analyst's Opinion

Consensus Rating
Associated Banc has received a consensus rating of Hold. The company's average rating score is 1.88, and is based on no buy ratings, 7 hold ratings, and 1 sell rating.
Price Target Upside/Downside
According to analysts' consensus price target of $16.67, Associated Banc has a potential upside of 19.0% from its current price of $14.01.
Amount of Analyst Coverage
Associated Banc has only been the subject of 4 research reports in the past 90 days.

1.9 Community Rank

Outperform Votes
Associated Banc has received 230 “outperform” votes. (Add your “outperform” vote.)
Underperform Votes
Associated Banc has received 370 “underperform” votes. (Add your “underperform” vote.)
Community Sentiment
Associated Banc has received 61.67% “underperform” votes from our community.

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.

3.3 Dividend Strength

Dividend Leadership
Associated Banc is a leading dividend payer. It pays a dividend yield of 5.14%, putting its dividend yield in the top 25% of dividend-paying stocks.
Dividend Growth
Associated Banc has only been increasing its dividend for 4 years.
Dividend Coverage
The dividend payout ratio of Associated Banc is 36.55 %. This payout ratio is at a healthy, sustainable level, below 75%.
Dividend Sustainability
Based on earnings estimates, Associated Banc will have a dividend payout ratio of 60.00 % next year. This indicates that Associated Banc will be able to sustain or increase its dividend.

4.0 Company Ownership

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 $252,270.00 in company stock and sold $0.00 in company stock.
Percentage Held by Insiders
Only 2.38% of the stock of Associated Banc is held by insiders.
Percentage Held by Institutions
71.30% of the stock of Associated Banc is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

3.8 Earnings and Valuation

Earnings Growth
Earnings for Associated Banc are expected to grow by 48.15% in the coming year, from $0.81 to $1.20 per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of Associated Banc is 8.34, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 13.14.
Price to Earnings Ratio vs. Sector
The P/E ratio of Associated Banc is 8.34, which means that it is trading at a less expensive P/E ratio than the Finance sector average P/E ratio of about 12.94.
Price to Earnings Growth Ratio
Associated Banc has a PEG Ratio of 2.17. PEG Ratios above 1 indicate that a company could be overvalued.
Price to Book Value per Share Ratio
Associated Banc has a P/B Ratio of 0.62. P/B Ratios below 1 indicate that a company could be undervalued with respect to its assets and liabilities.

Overall Beat the Market Rank^™

2.98 out of 5 stars

Industry, Sector and Symbol

Stock Exchange NYSE

Industry State commercial banks

Sub-IndustryN/A

SectorFinance

Current SymbolNYSE:ASB

Previous SymbolNASDAQ:ASBC

CUSIPN/A

CIK7789

Webwww.associatedbank.com

Phone920-491-7500

Debt

Debt-to-Equity Ratio1.07

Current Ratio0.96

Quick Ratio0.94

Price-To-Earnings

Trailing P/E Ratio8.34

Forward P/E Ratio17.30

P/E Growth2.17

Sales & Book Value

Annual Sales$1.55 billion

Price / Sales1.41

Cash Flow$2.80 per share

Price / Cash Flow5.01

Book Value$22.62 per share

Price / Book0.62

Profitability

EPS (Most Recent Fiscal Year)$1.97

Net Income$326.79 million

Net Margins18.59%

Return on Equity8.13%

Return on Assets0.89%

Miscellaneous

Employees4,669

Outstanding Shares156,240,000

Market Cap$2.19 billion

Next Earnings Date7/23/2020 (Estimated)

OptionableOptionable

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Associated Banc (NYSE:ASB) Frequently Asked Questions

How has Associated Banc's stock been impacted by COVID-19 (Coronavirus)?

Associated Banc's stock was trading at $13.33 on March 11th, 2020 when COVID-19 reached pandemic status according to the World Health Organization. Since then, ASB shares have increased by 5.1% and is now trading at $14.01. View which stocks have been most impacted by Coronavirus.

Do Wall Street analysts recommend investors buy shares of Associated Banc?

8 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Associated Banc in the last year. There are currently 1 sell rating and 7 hold ratings for the stock, resulting in a consensus recommendation of "Hold." View analyst ratings for Associated Banc.

When is Associated Banc's next earnings date?

Associated Banc is scheduled to release its next quarterly earnings announcement on Thursday, July 23rd 2020. View our earnings forecast for Associated Banc.

How were Associated Banc's earnings last quarter?

Associated Banc Corp (NYSE:ASB) announced its earnings results on Thursday, April, 23rd. The bank reported $0.28 earnings per share (EPS) for the quarter, topping the Zacks' consensus estimate of $0.10 by $0.18. The bank had revenue of $305.33 million for the quarter, compared to analyst estimates of $293.74 million. Associated Banc had a return on equity of 8.13% and a net margin of 18.59%. During the same period last year, the company posted $0.50 EPS. View Associated Banc's earnings history.

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

Associated Banc declared a quarterly dividend on Tuesday, April 28th. Stockholders of record on Monday, June 1st will be given a dividend of $0.18 per share on Monday, June 15th. This represents a $0.72 dividend on an annualized basis and a dividend yield of 5.14%. The ex-dividend date of this dividend is Friday, May 29th. View Associated Banc's dividend history.

What price target have analysts set for ASB?

8 brokers have issued twelve-month price targets for Associated Banc's shares. Their forecasts range from $14.00 to $22.00. On average, they anticipate Associated Banc's share price to reach $16.67 in the next twelve months. This suggests a possible upside of 19.0% from the stock's current price. View analysts' price targets for Associated Banc.

Has Associated Banc been receiving favorable news coverage?

Media stories about ASB stock have trended somewhat positive recently, according to InfoTrie Sentiment. InfoTrie ranks the sentiment of media coverage by reviewing more than six thousand news and blog sources in real-time. The firm ranks coverage of publicly-traded companies on a scale of negative five to positive five, with scores closest to five being the most favorable. Associated Banc earned a news sentiment score of 2.0 on InfoTrie's scale. They also assigned media headlines about the bank a news buzz of 0.0 out of 10, indicating that recent media coverage is extremely unlikely to have an impact on the stock's share price in the near future. View the latest news aboutAssociated Banc.

Are investors shorting Associated Banc?

Associated Banc saw a drop in short interest in May. As of May 15th, there was short interest totaling 2,990,000 shares, a drop of 11.3% from the April 30th total of 3,370,000 shares. Based on an average daily volume of 1,690,000 shares, the days-to-cover ratio is presently 1.8 days. Currently, 2.0% of the company's shares are sold short. View Associated Banc's Current Options Chain.

Who are some of Associated Banc's key competitors?

Some companies that are related to Associated Banc include Commerce Bancshares (CBSH), Ally Financial (ALLY), Prosperity Bancshares (PB), Signature Bank (SBNY), East West Bancorp (EWBC), First Financial Bankshares (FFIN), Glacier Bancorp (GBCI), First Citizens BancShares (FCNCA), Western Alliance Bancorporation (WAL), Popular (BPOP), United Bankshares (UBSI), Bank Ozk (OZK), CVB Financial (CVBF), Bank of Hawaii (BOH) and Wintrust Financial (WTFC). View all 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 Bank of America (BAC), Intelsat (I), Invesco (IVZ), Fossil Group (FOSL), AK Steel (AKS), China Unicom (Hong Kong) (CHU), Exxon Mobil (XOM), AMC Entertainment (AMC), Apollo Global Management (APO) and Caterpillar (CAT).

Who are Associated Banc's key executives?

Associated Banc's management team includes the following people:

Mr. Philip B. Flynn, Pres, CEO & Director (Age 62)
Mr. Christopher J. Del Moral-Niles CFA, Exec. VP & CFO (Age 48)
Mr. Randall J. Erickson, Exec. VP, Gen. Counsel & Corp. Sec. (Age 60)
Mr. David L. Stein, Madison Market Pres of Associated Bank (Age 56)
Mr. John A. Utz, Exec. VP, Head of Corp. Banking & Milwaukee Market Pres (Age 51)

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. (9.59%), Alliancebernstein L.P. (3.97%), Victory Capital Management Inc. (2.17%), Victory Capital Management Inc. (2.17%), Cramer Rosenthal Mcglynn LLC (2.05%) and Pzena Investment Management LLC (1.94%). Company insiders that own Associated Banc stock include Christopher C Piotrowski, David L Stein, John A Utz, John B Williams, John P Hankerd, Lith Karen Van, Michael T Crowley Jr, Moral-Niles Christopher Del, Nicole M Kitowski, 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 Nuveen Asset Management LLC, Morgan Stanley, First Trust Advisors LP, Victory Capital Management Inc., Victory Capital Management Inc., BlackRock Inc., Principal Financial Group Inc., and Alliancebernstein L.P.. Company insiders that have sold Associated Banc company stock in the last year include Christopher C Piotrowski, David L Stein, John A Utz, John P Hankerd, Moral-Niles Christopher Del, Tammy C Stadler, and William M Bohn. View insider buying and selling activity for Associated Banc.

Which major investors are buying Associated Banc stock?

ASB stock was purchased by a variety of institutional investors in the last quarter, including Bessemer Group Inc., Pzena Investment Management LLC, Two Sigma Advisers LP, Parametric Portfolio Associates LLC, Foundry Partners LLC, Thrivent Financial for Lutherans, EJF Capital LLC, and Aperio Group LLC. Company insiders that have bought Associated Banc stock in the last two years include John B Williams, Michael T Crowley Jr, Moral-Niles Christopher Del, Nicole M Kitowski, Philip B Flynn, and William R Hutchinson. View insider buying and selling activity 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, Robinhood, Fidelity, and Charles Schwab.

What is Associated Banc's stock price today?

One share of ASB stock can currently be purchased for approximately $14.01.

How big of a company is Associated Banc?

Associated Banc has a market capitalization of $2.19 billion and generates $1.55 billion in revenue each year. The bank earns $326.79 million in net income (profit) each year or $1.97 on an earnings per share basis. Associated Banc employs 4,669 workers across the globe.

What is Associated Banc's official website?

The official website for Associated Banc is 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]

This page was last updated on 5/31/2020 by MarketBeat.com Staff