NYSE:ASBAssociated Banc Stock Price, Forecast & News

$14.41

+0.67 (+4.88 %)

(As of 04/10/2020 04:48 AM ET)

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Today's Range

$13.94

Now: $14.41▼

$14.67

50-Day Range

$10.85

MA: $14.61▼

$20.42

52-Week Range

$10.23

Now: $14.41▼

$23.26

Volume2.59 million shs

Average Volume1.56 million shs

Market Capitalization$2.25 billion

P/E Ratio7.54

Dividend Yield5.24%

Beta1.34

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^™

2.9 Analyst's Opinion

Consensus Rating
Associated Banc has received a consensus rating of Hold. The company's average rating score is 1.86, and is based on no buy ratings, 6 hold ratings, and 1 sell rating.
Price Target Upside/Downside
According to analysts' consensus price target of $20.00, Associated Banc has a potential upside of 38.8% from its current price of $14.41.
Amount of Analyst Coverage
Associated Banc has only been the subject of 3 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 363 “underperform” votes. (Add your “underperform” vote.)
Community Sentiment
Associated Banc has received 61.21% “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 5.24%, 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 45.86 % 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 250.16% more of their company's stock than they have sold. Specifically, they have bought $432,170.00 in company stock and sold $123,420.00 in company stock.
Percentage Held by Insiders
Only 2.38% of the stock of Associated Banc is held by insiders.
Percentage Held by Institutions
75.69% of the stock of Associated Banc is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

2.5 Earnings and Valuation

Earnings Growth
Earnings for Associated Banc are expected to grow by 4.67% in the coming year, from $1.50 to $1.57 per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of Associated Banc is 7.54, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 12.53.
Price to Earnings Ratio vs. Sector
The P/E ratio of Associated Banc is 7.54, which means that it is trading at a less expensive P/E ratio than the Finance sector average P/E ratio of about 13.50.
Price to Earnings Growth Ratio
Associated Banc has a PEG Ratio of 1.08. 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 0.63. P/B Ratios below 1 indicate that a company could be undervalued with respect to its assets and liabilities.

Overall Beat the Market Rank^™

2.93 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

Webhttp://www.associatedbank.com/

Phone920-491-7500

Debt

Debt-to-Equity Ratio1.02

Current Ratio0.94

Quick Ratio0.94

Price-To-Earnings

Trailing P/E Ratio7.54

Forward P/E Ratio9.61

P/E Growth1.08

Sales & Book Value

Annual Sales$1.55 billion

Price / Sales1.45

Cash Flow$3.09 per share

Price / Cash Flow4.67

Book Value$23.00 per share

Price / Book0.63

Profitability

EPS (Most Recent Fiscal Year)$1.97

Net Income$326.79 million

Net Margins20.79%

Return on Equity9.17%

Return on Assets1.01%

Miscellaneous

Employees4,669

Outstanding Shares156,243,000

Market Cap$2.25 billion

Next Earnings Date4/23/2020 (Confirmed)

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 (WHO). Since then, ASB stock has increased by 8.1% and is now trading at $14.41. View which stocks have been most impacted by Coronavirus.

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

7 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Associated Banc in the last year. There are currently 1 sell rating and 6 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, April 23rd 2020. View our earnings forecast for Associated Banc.

How can I listen to Associated Banc's earnings call?

Associated Banc will be holding an earnings conference call on Thursday, April 23rd at 12:00 AM Eastern. Interested parties can register for or listen to the call using this link or dial in at Not Available.

How were Associated Banc's earnings last quarter?

Associated Banc Corp (NYSE:ASB) issued its quarterly earnings results on Thursday, January, 23rd. The bank reported $0.45 earnings per share (EPS) for the quarter, beating the Thomson Reuters' consensus estimate of $0.41 by $0.04. The bank had revenue of $293.08 million for the quarter, compared to analyst estimates of $297.30 million. Associated Banc had a return on equity of 9.17% and a net margin of 20.79%. During the same quarter in the prior year, the business earned $0.51 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 Wednesday, February 5th. Investors of record on Monday, March 2nd will be given a dividend of $0.18 per share on Monday, March 16th. This represents a $0.72 annualized dividend and a yield of 5.00%. The ex-dividend date of this dividend is Friday, February 28th. View Associated Banc's dividend history.

What price target have analysts set for ASB?

7 Wall Street analysts have issued 12-month price targets for Associated Banc's shares. Their forecasts range from $15.00 to $22.00. On average, they anticipate Associated Banc's stock price to reach $20.00 in the next year. This suggests a possible upside of 38.8% from the stock's current price. View analysts' price targets for Associated Banc.

Has Associated Banc been receiving favorable news coverage?

Press coverage about ASB stock has been trending very negative on Friday, InfoTrie Sentiment Analysis reports. The research group identifies negative and positive news coverage by reviewing more than six thousand news and blog sources. The firm ranks coverage of publicly-traded companies on a scale of negative five to five, with scores nearest to five being the most favorable. Associated Banc earned a coverage optimism score of -3.3 on InfoTrie's scale. They also assigned media coverage about the bank a news buzz of 0.0 out of 10, meaning that recent news coverage is extremely unlikely to have an impact on the stock's share price in the next several days. View the latest news aboutAssociated Banc.

Are investors shorting Associated Banc?

Associated Banc saw a increase in short interest in February. As of February 28th, there was short interest totaling 3,090,000 shares, an increase of 27.7% from the February 13th total of 2,420,000 shares. Based on an average daily volume of 1,220,000 shares, the days-to-cover ratio is currently 2.5 days. Approximately 2.0% of the company's shares are short sold. 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), Signature Bank (SBNY), Prosperity Bancshares (PB), East West Bancorp (EWBC), First Financial Bankshares (FFIN), Popular (BPOP), Glacier Bancorp (GBCI), First Citizens BancShares (FCNCA), Western Alliance Bancorporation (WAL), CVB Financial (CVBF), Bank of Hawaii (BOH), United Bankshares (UBSI), Wintrust Financial (WTFC) and Bancorpsouth Bank (BXS).

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 a number of retail and institutional investors. Top institutional investors include Dalton Greiner Hartman Maher & Co. (0.61%), Shakespeare Wealth Management Inc. (0.07%) and State of Alaska Department of Revenue (0.02%). Company insiders that own Associated Banc stock include Christopher C Piotrowski, David L Stein, John A Utz, John B Williams, John P Hankerd, Judith M Docter, 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 Dalton Greiner Hartman Maher & Co.. 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, Lith Karen Van, Moral-Niles Christopher Del, Philip B Flynn, 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 bought by a variety of institutional investors in the last quarter, including Shakespeare Wealth Management Inc., and State of Alaska Department of Revenue. 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 $14.41.

How big of a company is Associated Banc?

Associated Banc has a market capitalization of $2.25 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. View additional information about Associated Banc.

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]

This page was last updated on 4/10/2020 by MarketBeat.com Staff

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