NYSE:ASB Associated Banc (ASB) Stock Forecast, Price & News $15.54 -0.52 (-3.24%) (As of 06/5/2023 ET) Add Compare Share Share Today's Range$15.48▼$16.0150-Day Range$14.48▼$18.4552-Week Range$14.47▼$25.50Volume1.89 million shsAverage Volume1.85 million shsMarket Capitalization$2.34 billionP/E Ratio6.12Dividend Yield5.41%Price Target$22.29 ProfileProfileAnalyst RatingsChartCompetitorsDividendEarningsFinancialsInsider TradesInstitutional OwnershipHeadlinesOptions ChainSEC FilingsShort InterestSocial MediaSustainabilityProfileAnalyst RatingsChartCompetitorsDividendEarningsFinancialsInsider TradesInstitutional OwnershipHeadlinesOptions ChainSEC FilingsShort InterestSocial MediaSustainability Associated Banc MarketRank™ ForecastAnalyst RatingHold2.20 Rating ScoreUpside/Downside43.4% Upside$22.29 Price TargetShort InterestHealthy3.75% of Float Sold ShortDividend StrengthStrongBased on Four FactorsSustainability-0.29Upright™ Environmental ScoreNews Sentiment0.48Based on 6 Articles This WeekInsider TradingAcquiring Shares$247,737 Bought Last QuarterProj. Earnings Growth-5.83%From $2.40 to $2.26 Per ShareSee Full Details Hide Full Details Overall MarketRank™MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.3.06 out of 5 starsFinance Sector90th out of 858 stocksState Commercial Banks Industry31st out of 177 stocks 3.1 Analyst's Opinion Consensus RatingAssociated Banc has received a consensus rating of Hold. The company's average rating score is 2.20, and is based on 1 buy rating, 4 hold ratings, and no sell ratings.Price Target Upside/DownsideAccording to analysts' consensus price target of $22.29, Associated Banc has a forecasted upside of 43.4% from its current price of $15.54.Amount of Analyst CoverageAssociated Banc has only been the subject of 4 research reports in the past 90 days. Previous Next 3.0 Short Interest Percentage of Shares Shorted3.75% of the float of Associated Banc has been sold short.Short Interest Ratio / Days to CoverAssociated Banc has a short interest ratio ("days to cover") of 2.7, which is generally considered an acceptable ratio of short interest to trading volume.Change versus previous monthShort interest in Associated Banc has recently increased by 1.83%, indicating that investor sentiment is decreasing. Previous Next 3.3 Dividend Strength Dividend LeadershipAssociated Banc is a leading dividend payer. It pays a dividend yield of 5.23%, putting its dividend yield in the top 25% of dividend-paying stocks.Dividend GrowthAssociated Banc has only been increasing its dividend for 2 years.Dividend CoverageThe dividend payout ratio of Associated Banc is 33.07%. This payout ratio is at a healthy, sustainable level, below 75%.Dividend SustainabilityBased on earnings estimates, Associated Banc will have a dividend payout ratio of 37.17% next year. This indicates that Associated Banc will be able to sustain or increase its dividend. Previous Next 3.5 Sustainability and ESG Overall ESG (Environmental, Social, and Governance) ScoreAssociated Banc has received a 41.47% net impact score from Upright. The largest positive contribution comes from its "Societal infrastructure" impact, which is mostly driven by its "Pre-retirement counseling", "Cash withdrawal services", "Corporate credit granting", and "Mortgages provided by brick and mortar banks" products. See details.Environmental SustainabilityThe Environmental Impact score for Associated Banc is -0.29. Previous Next 1.9 News and Social Media Coverage News SentimentAssociated Banc has a news sentiment score of 0.48. 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 is a lower news sentiment than the 0.63 average news sentiment score of Finance companies.News Coverage This WeekMarketBeat has tracked 6 news articles for Associated Banc this week, compared to 4 articles on an average week.MarketBeat FollowsOnly 4 people have added Associated Banc to their MarketBeat watchlist in the last 30 days. This is a decrease of 0% compared to the previous 30 days. Previous Next 3.3 Company Ownership Insider Buying vs. Insider SellingIn the past three months, Associated Banc insiders have bought more of their company's stock than they have sold. Specifically, they have bought $247,737.00 in company stock and sold $0.00 in company stock.Percentage Held by InsidersOnly 1.49% of the stock of Associated Banc is held by insiders.Percentage Held by Institutions78.95% of the stock of Associated Banc is held by institutions. High institutional ownership can be a signal of strong market trust in this company. Previous Next 3.1 Earnings and Valuation Earnings GrowthEarnings for Associated Banc are expected to decrease by -5.83% in the coming year, from $2.40 to $2.26 per share.Price to Earnings Ratio vs. the MarketThe P/E ratio of Associated Banc is 6.12, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 124.19.Price to Earnings Ratio vs. SectorThe P/E ratio of Associated Banc is 6.12, which means that it is trading at a less expensive P/E ratio than the Finance sector average P/E ratio of about 152.72.Price to Earnings Growth RatioAssociated Banc has a PEG Ratio of 0.84. PEG Ratios below 1 indicate that a company could be undervalued.Price to Book Value per Share RatioAssociated Banc has a P/B Ratio of 0.61. P/B Ratios below 1 indicate that a company could be undervalued with respect to its assets and liabilities. Previous Next See Top Rated MarketRank™ Stocks Here About Associated Banc (NYSE:ASB) StockAssociated Banc-Corp. is a holding company, which engages in banking and non-banking financial services to individuals and businesses through its subsidiaries. It operates through the following segments: Corporate and Commercial Specialty, Community, Consumer and Business, and Risk Management and Shared Services. The Corporate and Commercial Specialty segment serves customers including businesses, developers, non-profits, municipalities, and financial institutions. The Community, Consumer and Business segment provides individuals, as well as small and mid-sized businesses. The Risk Management and Shared Services segment includes corporate risk management, credit administration, finance, treasury, operations, and technology shared functions. The company was founded in 1964 and is headquartered in Green Bay, WI.Read More Receive ASB Stock News and Ratings via Email Sign-up to receive the latest news and ratings for Associated Banc and its competitors with MarketBeat's FREE daily newsletter. Email Address ASB Stock News HeadlinesJune 1, 2023 | americanbankingnews.comAssociated Banc-Corp (NYSE:ASB) Receives Consensus Rating of "Hold" from AnalystsMay 30, 2023 | americanbankingnews.comAssociated Banc-Corp (NYSE:ASB) Declares $0.21 Quarterly DividendJune 5, 2023 | Behind the Markets (Ad)Is This The End Of Your Retirement?Soon, the U.S. Government is going to make an announcement that could radically alter your retirement. Two of America's largest banks - Goldman Sachs and J.P. Morgan - have quietly warned their richest clients to prepare for it. The clock is ticking. Find out How to Protect Yourself from the Greatest Crisis Facing Retirees in 70 Years before it's too late.May 23, 2023 | americanbankingnews.comReviewing United Bancorp (NASDAQ:UBCP) and Associated Banc (NYSE:ASB)May 19, 2023 | seekingalpha.comASB.PF Associated Banc-Corp 5.625 DP PF SR FMay 19, 2023 | americanbankingnews.comAssociated Banc (NYSE:ASB) Receives New Coverage from Analysts at StockNews.comMay 13, 2023 | americanbankingnews.comAssociated Banc (NYSE:ASB) Reaches New 12-Month Low at $14.54May 12, 2023 | finance.yahoo.comShould You Watch Associated Banc-Corp (ASB) for Solid Dividend?June 5, 2023 | Behind the Markets (Ad)BREAKING: Tiny biotech successfully treats blindnessThere's a tiny biotech in Cambridge that's using a breakthrough technology to treat blindness. This company has already shown success in human trials... And Our research shows that anyone who gets in today could see a 46,751% return.May 9, 2023 | americanbankingnews.comAssociated Banc-Corp (NYSE:ASB) Expected to Post Q1 2024 Earnings of $0.55 Per ShareMay 7, 2023 | americanbankingnews.comAssociated Banc-Corp (NYSE:ASB) Receives $22.29 Average Price Target from AnalystsMay 6, 2023 | americanbankingnews.comInsider Buying: Associated Banc-Corp (NYSE:ASB) Director Buys $48,210.00 in StockMay 5, 2023 | americanbankingnews.comAnalysts Offer Predictions for Associated Banc-Corp's Q2 2023 Earnings (NYSE:ASB)May 4, 2023 | bizjournals.comAssociated Bank stock dips in wake of First Republic collapseMay 4, 2023 | americanbankingnews.comAssociated Banc (NYSE:ASB) Sets New 12-Month Low at $16.66May 3, 2023 | americanbankingnews.comAssociated Banc-Corp (NYSE:ASB) to Post Q3 2023 Earnings of $0.52 Per Share, Jefferies Financial Group ForecastsApril 30, 2023 | americanbankingnews.comQ2 2023 EPS Estimates for Associated Banc-Corp (NYSE:ASB) Lifted by Jefferies Financial GroupApril 29, 2023 | finance.yahoo.comAssociated Banc-Corp (NYSE:ASB) Is Increasing Its Dividend To $0.21April 28, 2023 | finance.yahoo.comAssociated Banc-Corp (ASB) Q1 Earnings: How Key Metrics Compare to Wall Street EstimatesApril 27, 2023 | seekingalpha.comAssociated Banc-Corp Is Too Cheap Even Though Risks Are LowApril 27, 2023 | americanbankingnews.comAssociated Banc-Corp (NYSE:ASB) Director Michael J. Haddad Buys 5,750 Shares of StockApril 27, 2023 | msn.comAssociated Banc- (ASB) Declares $0.21 DividendApril 26, 2023 | finance.yahoo.comAssociated Banc-Corp (NYSE:ASB) Q1 2023 Earnings Call TranscriptApril 25, 2023 | finance.yahoo.comAssociated Banc-Corp to Attend Three Second Quarter Investor EventsApril 24, 2023 | finance.yahoo.comAssociated Banc-Corp (ASB) Q1 Earnings Beat on Higher NIIApril 24, 2023 | americanbankingnews.comAssociated Banc (NYSE:ASB) Given "Sector Perform" Rating at Royal Bank of CanadaApril 23, 2023 | americanbankingnews.comAssociated Banc (NYSE:ASB) Posts Earnings Results, Beats Estimates By $0.03 EPSSee More Headlines ASB Price History View Price History Chart DataSkip Price History Chart 30 days | 90 days | 365 days | Advanced Chart ASB Company Calendar Ex-Dividend for 3/15 Dividend2/28/2023Dividend Payable3/15/2023Last Earnings4/20/2023Ex-Dividend for 6/15 Dividend5/31/2023Today6/05/2023Dividend Payable6/15/2023Next Earnings (Estimated)7/20/2023Fiscal Year End12/31/2023Get Stock AlertsIndustry, Sector and Symbol Stock ExchangeNYSE Industry State commercial banks Sub-IndustryN/A SectorFinance Current SymbolNYSE:ASB Previous SymbolNASDAQ:ASBC CUSIPN/A CIK7789 Webwww.associatedbank.com Phone(920) 491-7500Fax920-433-3261Employees4,118Year FoundedN/APrice Target and Rating Average Stock Price Forecast$22.29 High Stock Price Forecast$25.00 Low Stock Price Forecast$20.00 Forecasted Upside/Downside+40.7%Consensus RatingHold Rating Score (0-4)2.20 Research Coverage5 Analysts Profitability EPS (Most Recent Fiscal Year)$2.54 Trailing P/E Ratio6.24 Forward P/E Ratio6.60 P/E Growth0.84Net Income$366.12 million Net Margins23.87% Pretax Margin30.04% Return on Equity10.35% Return on Assets1.02% Debt Debt-to-Equity Ratio1.41 Current Ratio0.97 Quick Ratio0.96 Sales & Book Value Annual Sales$1.43 billion Price / Sales1.67 Cash Flow$3.08 per share Price / Cash Flow5.14 Book Value$25.42 per share Price / Book0.62Miscellaneous Outstanding Shares150,890,000Free Float148,643,000Market Cap$2.39 billion OptionableOptionable Beta0.99 Key ExecutivesAndrew J. HarmeningPresident, Chief Executive Officer & DirectorDerek MeyerChief Financial Officer & Executive Vice PresidentTerry Lynn WilliamsChief Information Officer & Executive VPNicole M. KitowskiChief Risk Officer & Executive Vice PresidentDavid L. SteinEVP & Head-Consumer & Business BankingKey CompetitorsTexas Capital BancsharesNASDAQ:TCBIServisFirst BancsharesNASDAQ:SFBSAmeris BancorpNASDAQ:ABCBFirst Interstate BancSystemNASDAQ:FIBKCathay General BancorpNASDAQ:CATYView All CompetitorsInsiders & InstitutionsProShare Advisors LLCBought 29,590 shares on 5/26/2023Ownership: 0.286%Brandywine Global Investment Management LLCSold 24,691 shares on 5/25/2023Ownership: 0.367%Ameriprise Financial Inc.Bought 123,640 shares on 5/22/2023Ownership: 0.512%Putnam Investments LLCBought 2,906 shares on 5/22/2023Ownership: 0.012%JPMorgan Chase & Co.Sold 12,227 shares on 5/18/2023Ownership: 0.418%View All Insider TransactionsView All Institutional Transactions ASB Stock - Frequently Asked Questions Should I buy or sell Associated Banc stock right now? 5 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Associated Banc in the last twelve months. There are currently 4 hold ratings and 1 buy rating 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 forecast for 2023? 5 brokers have issued 12-month price targets for Associated Banc's shares. Their ASB share price forecasts range from $20.00 to $25.00. On average, they anticipate the company's stock price to reach $22.29 in the next twelve months. This suggests a possible upside of 40.7% 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 2023? Associated Banc's stock was trading at $23.09 on January 1st, 2023. Since then, ASB shares have decreased by 31.4% and is now trading at $15.84. View the best growth stocks for 2023 here. When is Associated Banc's next earnings date? The company is scheduled to release its next quarterly earnings announcement on Thursday, July 20th 2023. View our ASB earnings forecast. How were Associated Banc's earnings last quarter? Associated Banc-Corp (NYSE:ASB) announced its quarterly earnings results on Thursday, April, 20th. The bank reported $0.66 EPS for the quarter, beating the consensus estimate of $0.63 by $0.03. The bank earned $504.89 million during the quarter, compared to analysts' expectations of $349.71 million. Associated Banc had a net margin of 23.87% and a trailing twelve-month return on equity of 10.35%. During the same quarter last year, the company posted $0.47 earnings per share. How often does Associated Banc pay dividends? What is the dividend yield for Associated Banc? Associated Banc announced a quarterly dividend on Tuesday, April 25th. Stockholders of record on Thursday, June 1st will be paid a dividend of $0.21 per share on Thursday, June 15th. This represents a $0.84 dividend on an annualized basis and a yield of 5.30%. The ex-dividend date is Wednesday, May 31st. Read our dividend analysis for ASB. What ETFs hold Associated Banc's stock? ETFs with the largest weight of Associated Banc (NYSE:ASB) stock in their portfolio include USCF Dividend Income Fund (UDI), Invesco KBW Regional Banking ETF (KBWR), SPDR S&P Regional Banking ETF (KRE), SPDR S&P Bank ETF (KBE), VictoryShares US Small Cap High Div Volatility Wtd ETF (CSB), AdvisorShares Alpha DNA Equity Sentiment ETF (SENT), Invesco S&P MidCap Value with Momentum ETF (XMVM) and Invesco S&P MidCap Low Volatility ETF (XMLV). Is Associated Banc a good dividend stock? Associated Banc (NYSE:ASB) pays an annual dividend of $0.84 per share and currently has a dividend yield of 5.23%. 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 37.17% 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). 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 a number of retail and institutional investors. Top institutional investors include BlackRock Inc. (12.78%), FMR LLC (8.99%), Dimensional Fund Advisors LP (7.32%), State Street Corp (5.46%), Pzena Investment Management LLC (1.97%) and Geode Capital Management LLC (1.90%). 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, Tammy C Stadler, Timothy J Lau 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 WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab. Compare Top Brokerages Here. What is Associated Banc's stock price today? One share of ASB stock can currently be purchased for approximately $15.84. How much money does Associated Banc make? Associated Banc (NYSE:ASB) has a market capitalization of $2.39 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. How many employees does Associated Banc have? The company employs 4,118 workers across the globe. How can I contact Associated Banc? 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. This page (NYSE:ASB) was last updated on 6/5/2023 by MarketBeat.com Staff Adding Choose a watchlist: Watchlist Adding You have already added five stocks to your watchlist. Upgrade to MarketBeat All Access to add more stocks to your watchlist. Adding Associated Banc-Corp Please log in to your account or sign up in order to add this asset to your watchlist. 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