NYSE:ASB Associated Banc - ASB Stock Forecast, Price & News Adding Choose a watchlist: Watchlist Adding You have already added five stocks to your watchlist. Upgrade to MarketBeat Daily Premium 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. $22.54 +0.37 (+1.67%) (As of 01/26/2023 12:00 AM ET) Add Compare Share Share Today's Range$22.11▼$22.5750-Day Range$21.80▼$24.7152-Week Range$17.45▼$25.78Volume1.62 million shsAverage Volume1.33 million shsMarket Capitalization$3.39 billionP/E Ratio10.53Dividend Yield3.79%Price Target$23.80 ProfileAnalyst RatingsChartCompetitorsDividendEarningsFinancialsInsider TradesInstitutional OwnershipHeadlinesOptions ChainSEC FilingsShort InterestSocial MediaSustainability Associated Banc MarketRank™ ForecastAnalyst RatingHold2.33 Rating ScoreUpside/Downside5.6% Upside$23.80 Price TargetShort InterestBearish3.73% of Float Sold ShortDividend StrengthStrongBased on Four FactorsSustainability-0.29Upright™ Environmental ScoreNews Sentiment1.08Based on 6 Articles This WeekInsider TradingSelling Shares$561,864 Sold Last QuarterProj. Earnings Growth3.49%From $2.29 to $2.37 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.2.26 out of 5 starsFinance Sector451st out of 891 stocksState Commercial Banks Industry104th out of 188 stocks 1.2 Analyst's Opinion Consensus RatingAssociated Banc has received a consensus rating of Hold. The company's average rating score is 2.33, and is based on 1 buy rating, 2 hold ratings, and no sell ratings.Price Target Upside/DownsideAccording to analysts' consensus price target of $23.80, Associated Banc has a forecasted upside of 5.6% from its current price of $22.54.Amount of Analyst CoverageAssociated Banc has received no research coverage in the past 90 days. Previous Next 2.0 Short Interest Percentage of Shares Shorted3.73% 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 4.6.Change versus previous monthShort interest in Associated Banc has recently increased by 6.36%, indicating that investor sentiment is decreasing significantly. Previous Next 3.3 Dividend Strength Dividend LeadershipAssociated Banc is a leading dividend payer. It pays a dividend yield of 3.79%, 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 39.25%. 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 35.44% 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 2.8 News and Social Media Coverage News SentimentAssociated Banc has a news sentiment score of 1.08. 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 higher news sentiment than the 0.69 average news sentiment score of Finance companies.News Coverage This WeekMarketBeat has tracked 6 news articles for Associated Banc this week, compared to 2 articles on an average week.MarketBeat FollowsOnly 3 people have added Associated Banc to their MarketBeat watchlist in the last 30 days. This is a decrease of -40% compared to the previous 30 days. Previous Next 2.5 Company Ownership Insider Buying vs. Insider SellingIn the past three months, Associated Banc insiders have sold more of their company's stock than they have bought. Specifically, they have bought $0.00 in company stock and sold $561,864.00 in company stock.Percentage Held by InsidersOnly 3.04% 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 2.5 Earnings and Valuation Earnings GrowthEarnings for Associated Banc are expected to grow by 3.49% in the coming year, from $2.29 to $2.37 per share.Price to Earnings Ratio vs. the MarketThe P/E ratio of Associated Banc is 10.53, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 134.63.Price to Earnings Ratio vs. SectorThe P/E ratio of Associated Banc is 10.53, which means that it is trading at a less expensive P/E ratio than the Finance sector average P/E ratio of about 183.45.Price to Earnings Growth RatioAssociated Banc has a PEG Ratio of 1.17. PEG Ratios above 1 indicate that a company could be overvalued.Price to Book Value per Share RatioAssociated Banc has a P/B Ratio of 0.88. 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. operates as a bank holding company, which offers various 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 & Business segment serves 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 HeadlinesJanuary 27, 2023 | seekingalpha.comAssociated Banc-Corp (ASB) Q4 2022 Earnings Call TranscriptJanuary 26, 2023 | msn.comAssociated Banc-Corp GAAP EPS of $0.70 beats by $0.04, revenue of $289M misses by $57.62MJanuary 27, 2023 | UNKNOWN (Ad)Become an Investor in Brooklyn GinAward winning super-premium craft gin and upcoming Brooklyn distilleryJanuary 26, 2023 | finance.yahoo.comAssociated Banc-Corp Reports Fourth Quarter 2022 Earnings of $0.70 Per Common Share and $2.34 Per Common Share for the Full Year 2022January 24, 2023 | msn.comAssociate Banc-Corp long-term debt rating may be cut to junk by Moody'sJanuary 18, 2023 | finance.yahoo.comHancock Whitney (HWC) Q4 Earnings Beat Estimates, Revenues RiseJanuary 18, 2023 | seekingalpha.comAssociated Banc-Corp: Topline Growth To Slow Down But Remain PositiveJanuary 6, 2023 | finance.yahoo.com5 Reasons Why Associated Banc-Corp (ASB) Stock is Worth BuyingJanuary 27, 2023 | Porter & Company (Ad)Is This The End of Capitalism?EXPOSED: The establishment plot to disenfranchise and impoverish millions of Americans…January 3, 2023 | finance.yahoo.comAssociated Banc-Corp's (NYSE:ASB) investors will be pleased with their 6.3% return over the last five yearsJanuary 3, 2023 | finance.yahoo.comAssociated Banc-Corp (ASB) is a Top-Ranked Value Stock: Should You Buy?December 21, 2022 | finance.yahoo.comAssociated Banc-Corp to Announce Fourth Quarter 2022 Earnings and Hold Conference Call on January 26, 2023December 21, 2022 | bizjournals.comBelcan loses Terry Williams, chief information officer and technology chief, to Wisconsin bankNovember 29, 2022 | finance.yahoo.comWhy Associated Banc-Corp (ASB) is a Top Value Stock for the Long-TermNovember 21, 2022 | finance.yahoo.comRiverview Bancorp (RVSB) Stock Gains 1.2% on Buyback PlanNovember 17, 2022 | finance.yahoo.comWesBanco (WSBC) Announces a 2.9% Hike in Quarterly DividendNovember 17, 2022 | finance.yahoo.comAssociated Banc-Corp's (NYSE:ASB) Dividend Will Be Increased To $0.21October 26, 2022 | seekingalpha.comAssociated Banc-Corp Is Starting To Convince Its Skeptics Through Good ExecutionOctober 25, 2022 | seekingalpha.comAssociated Banc-Corp raised to Neutral at BofA on prospects for further earnings growthOctober 21, 2022 | seekingalpha.comAssociated Banc-Corp rises after Q3 results beat, FY22 guidance raisedOctober 21, 2022 | finance.yahoo.comAssociated Banc-Corp (ASB) Stock Gains on Q3 Earnings BeatOctober 21, 2022 | investing.comAssociated Banc-Corp PT Raised to $23 at Piper SandlerOctober 20, 2022 | seekingalpha.comAssociated Banc-Corp (ASB) Q3 2022 Earnings Call TranscriptOctober 20, 2022 | finance.yahoo.comAssociated Banc-Corp Reports Third Quarter 2022 Net Income Available to Common Equity of $93 Million, or $0.62 per Common ShareOctober 20, 2022 | finance.yahoo.comLoans, deposits, margin grow for Associated Bank in third quarterOctober 20, 2022 | finance.yahoo.comAssociated Banc-Corp (ASB) Beats Q3 Earnings and Revenue EstimatesOctober 19, 2022 | msn.comEarnings Preview: Associated BancSee More Headlines View Price History Chart DataSkip Price History Chart 30 days | 90 days | 365 days | Advanced Chart 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 Company Calendar Last Earnings10/20/2021Ex-Dividend for 12/15 Dividend11/30/2022Dividend Payable12/15/2022Today1/26/2023Next Earnings (Confirmed)1/26/2023Fiscal 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) 491-7500Fax920-433-3261Employees4,003Year FoundedN/APrice Target and Rating Average Stock Price Forecast$23.80 High Stock Price Forecast$28.00 Low Stock Price Forecast$20.00 Forecasted Upside/Downside+5.6%Consensus RatingHold Rating Score (0-4)2.33 Research Coverage3 Analysts Profitability EPS (Most Recent Fiscal Year)$2.14 Trailing P/E Ratio10.53 Forward P/E Ratio9.84 P/E Growth1.17Net Income$350.99 million Net Margins26.57% Pretax Margin33.20% Return on Equity8.85% Return on Assets0.92% Debt Debt-to-Equity Ratio1.07 Current Ratio0.94 Quick Ratio0.94 Sales & Book Value Annual Sales$1.13 billion Price / Sales3.00 Cash Flow$3.21 per share Price / Cash Flow7.03 Book Value$25.53 per share Price / Book0.88Miscellaneous Outstanding Shares150,359,000Free Float145,788,000Market Cap$3.39 billion OptionableOptionable Beta1.02 Key ExecutivesMr. Andrew J. Harmening (Age 54)Pres, CEO & Director Comp: $2.16MMr. Randall J. Erickson (Age 64)Exec. VP, Gen. Counsel & Corp. Sec. Comp: $832.46kMr. David L. Stein (Age 60)Exec. VP, Head of Consumer & Bus. Banking and Madison Market Pres Comp: $786.94kMr. John Anthony Utz (Age 55)Exec. VP, Head of Corp. Banking & Milwaukee Market Pres Comp: $854.01kMr. Derek S. Meyer (Age 56)Exec. VP & CFO Ms. Tammy C. Stadler (Age 57)Exec. VP, Corp. Controller & Chief Accounting Officer Ben McCarvilleVP & Director of Investor RelationsMr. Anthony Philip PecoraSr. VP, Director of Compliance & Associated Investment ServicesJennifer KaminskiVP & PR Sr. Mang.Mr. Bryan Carson (Age 53)Exec. VP, Chief Product & Marketing Officer More ExecutivesKey CompetitorsAmeris BancorpNASDAQ:ABCBUnited Community BanksNASDAQ:UCBICVB FinancialNASDAQ:CVBFFirst HawaiianNASDAQ:FHBCathay General BancorpNASDAQ:CATYView All CompetitorsInsiders & InstitutionsStrs OhioSold 6,600 shares on 1/26/2023Ownership: 0.036%Schaper Benz & Wise Investment Counsel Inc. WISold 5,695 shares on 1/25/2023Ownership: 0.059%Greenleaf TrustBought 802 shares on 1/25/2023Ownership: 0.008%Allspring Global Investments Holdings LLCSold 88,175 shares on 1/23/2023Ownership: 1.546%Thompson Investment Management Inc.Sold 9,466 shares on 1/20/2023Ownership: 0.031%View All Insider TransactionsView All Institutional Transactions ASB Stock - Frequently Asked Questions Should I buy or sell Associated Banc stock right now? 3 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Associated Banc in the last twelve months. There are currently 2 hold ratings and 1 buy rating for the stock. The consensus among Wall Street research 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? 3 equities research analysts have issued 12-month price objectives for Associated Banc's shares. Their ASB share price forecasts range from $20.00 to $28.00. On average, they predict the company's stock price to reach $23.80 in the next twelve months. This suggests a possible upside of 6.0% 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 2.8% and is now trading at $22.45. View the best growth stocks for 2023 here. Are investors shorting Associated Banc? Associated Banc saw a increase in short interest in the month of December. As of December 30th, there was short interest totaling 5,190,000 shares, an increase of 19.9% from the December 15th total of 4,330,000 shares. Based on an average daily volume of 1,190,000 shares, the short-interest ratio is currently 4.4 days. Approximately 3.5% of the company's shares 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, January 26th 2023. View our ASB earnings forecast. How can I listen to Associated Banc's earnings call? Associated Banc will be holding an earnings conference call on Thursday, January 26th at 5:00 PM Eastern. Interested parties can register for or listen to the call using this link. How were Associated Banc's earnings last quarter? Associated Banc-Corp (NYSE:ASB) issued its quarterly earnings data on Wednesday, October, 20th. The bank reported $0.56 earnings per share for the quarter, beating the consensus estimate of $0.44 by $0.12. The bank earned $269.92 million during the quarter, compared to analysts' expectations of $264.17 million. Associated Banc had a trailing twelve-month return on equity of 8.85% and a net margin of 26.57%. During the same quarter in the previous year, the business posted $0.24 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, October 25th. Investors of record on Thursday, December 1st will be given a dividend of $0.21 per share on Thursday, December 15th. This represents a $0.84 annualized dividend and a dividend yield of 3.74%. The ex-dividend date is Wednesday, November 30th. This is a positive change from the stock's previous quarterly dividend of $0.20. Read our dividend analysis for ASB. 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 3.79%. 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 39.25%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, ASB will have a dividend payout ratio of 35.44% 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 variety of institutional and retail investors. Top institutional investors include Allspring Global Investments Holdings LLC (1.55%), Peregrine Capital Management LLC (0.31%), Legacy Private Trust Co. (0.20%), Hennessy Advisors Inc. (0.15%), Gateway Investment Advisers LLC (0.13%) and Schaper Benz & Wise Investment Counsel Inc. WI (0.06%). Insiders that own company stock include Andrew J Harmening, David L Stein, David L Stein, Eileen A Kamerick, John A Utz, John B Williams, John F Bergstrom, John P Hankerd, John P Thayer, Lith Karen Van, Matthew R Braeger, Michael J Haddad, Michael Meinolf, Michael T Crowley Jr, Moral-Niles Christopher Del, Nicole M Kitowski, Patrick Edward Ahern, Philip B Flynn, Tammy C Stadler, Timothy J Lau, Timothy J Lau and William R Hutchinson. 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 $22.45. How much money does Associated Banc make? Associated Banc (NYSE:ASB) has a market capitalization of $3.38 billion and generates $1.13 billion in revenue each year. The bank earns $350.99 million in net income (profit) each year or $2.14 on an earnings per share basis. How many employees does Associated Banc have? The company employs 4,003 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 1/27/2023 by MarketBeat.com Staff Get 30 Days of MarketBeat All Access Free Sign up for MarketBeat All Access to gain access to MarketBeat's full suite of research tools: Best-in-Class Portfolio Monitoring View the latest news, buy/sell ratings, SEC filings and insider transactions for your stocks. Compare your portfolio performance to leading indices and get personalized stock ideas based on your portfolio. Stock Ideas and Recommendations Get daily stock ideas from top-performing Wall Street analysts. Get short term trading ideas from the MarketBeat Idea Engine. View which stocks are hot on social media with MarketBeat's trending stocks report. Advanced Stock Screeners and Research Tools Identify stocks that meet your criteria using seven unique stock screeners. See what's happening in the market right now with MarketBeat's real-time news feed. Export data to Excel for your own analysis. Start Your 30-Day Free Trial Sign in to your free account to enjoy these benefits In-depth profiles and analysis for 20,000 public companies. Real-time analyst ratings, insider transactions, earnings data, and more. Our daily ratings and market update email newsletter. Sign in to your free account to enjoy all that MarketBeat has to offer. Sign In Create Account Your Email Address: Your Password: or Sign in with Facebook Sign in with Google Forgot your password? Your Email Address: Choose a Password: Create My Account (Free) or Sign in with Facebook Sign in with Google By creating a free account, you agree to our terms of service. This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.