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. $17.91 +0.25 (+1.42%) (As of 03/24/2023 12:00 AM ET) Add Compare Share Share Today's Range$17.00▼$17.9750-Day Range$17.66▼$24.1852-Week Range$17.00▼$25.50Volume2.11 million shsAverage Volume2.75 million shsMarket Capitalization$2.70 billionP/E Ratio7.62Dividend Yield4.69%Price Target$23.50 ProfileAnalyst RatingsChartCompetitorsDividendEarningsFinancialsInsider TradesInstitutional OwnershipHeadlinesOptions ChainSEC FilingsShort InterestSocial MediaSustainability Associated Banc MarketRank™ ForecastAnalyst RatingHold2.00 Rating ScoreUpside/Downside31.2% Upside$23.50 Price TargetShort InterestHealthy3.51% of Float Sold ShortDividend StrengthStrongBased on Four FactorsSustainability-0.29Upright™ Environmental ScoreNews Sentiment0.73Based on 7 Articles This WeekInsider TradingSelling Shares$161,062 Sold Last QuarterProj. Earnings Growth0.40%From $2.47 to $2.48 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.3.28 out of 5 starsFinance Sector38th out of 868 stocksState Commercial Banks Industry9th out of 179 stocks 3.0 Analyst's Opinion Consensus RatingAssociated Banc has received a consensus rating of Hold. The company's average rating score is 2.00, and is based on no buy ratings, 3 hold ratings, and no sell ratings.Price Target Upside/DownsideAccording to analysts' consensus price target of $23.50, Associated Banc has a forecasted upside of 31.2% from its current price of $17.91.Amount of Analyst CoverageAssociated Banc has only been the subject of 1 research reports in the past 90 days. Previous Next 3.0 Short Interest Percentage of Shares Shorted3.51% 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 3.9, 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 1.17%, 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 4.64%, 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 35.74%. 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 33.87% 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 3.2 News and Social Media Coverage News SentimentAssociated Banc has a news sentiment score of 0.73. 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 WeekMarketBeat has tracked 7 news articles for Associated Banc this week, compared to 3 articles on an average week.Search Interest9 people have searched for ASB on MarketBeat in the last 30 days. MarketBeat Follows6 people have added Associated Banc to their MarketBeat watchlist in the last 30 days. This is an increase of 200% 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 sold 61.44% more of their company's stock than they have bought. Specifically, they have bought $99,764.00 in company stock and sold $161,062.00 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 3.8 Earnings and Valuation Earnings GrowthEarnings for Associated Banc are expected to grow by 0.40% in the coming year, from $2.47 to $2.48 per share.Price to Earnings Ratio vs. the MarketThe P/E ratio of Associated Banc is 7.62, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 113.58.Price to Earnings Ratio vs. SectorThe P/E ratio of Associated Banc is 7.62, which means that it is trading at a less expensive P/E ratio than the Finance sector average P/E ratio of about 129.84.Price to Earnings Growth RatioAssociated Banc has a PEG Ratio of 0.92. 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 0.70. 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 HeadlinesMarch 22, 2023 | finance.yahoo.comWith 84% ownership, Associated Banc-Corp (NYSE:ASB) boasts of strong institutional backingMarch 22, 2023 | americanbankingnews.comAssociated Banc (NYSE:ASB) Trading 6.2% Higher March 25, 2023 | Weiss Ratings (Ad)Urgent WarningThis was never meant for the general public. But it’s all there in black and white … A frightening plan that gives the Fed the power to track and even control your checking account, including ALL your financial transactions. A pilot test program is already underway. And it’s slated to launch at America’s largest banks as soon as May of this year! So, time to prepare is very short. Fortunately, there are a few key steps you can take to defend yourself …March 19, 2023 | americanbankingnews.comUBS Group Begins Coverage on Associated Banc (NYSE:ASB)March 17, 2023 | americanbankingnews.comAssociated Banc (NYSE:ASB) Receives New Coverage from Analysts at StockNews.comMarch 17, 2023 | americanbankingnews.comAssociated Banc (NYSE:ASB) Shares Gap Down to $20.54March 16, 2023 | americanbankingnews.comAssociated Banc (NYSE:ASB) Shares Gap Up to $19.67March 15, 2023 | forbes.comThis Stock Has A 4.09% Yield, Sells For Less Than Book, And Insiders Have Been BuyingMarch 25, 2023 | Investor Place Media (Ad)Biden To Unleash "Choke Point" Operation On America?Biden's disturbing new government program may be worse than Obama's. You are at risk for having your bank account frozen. A former bank regulator is blowing the whistle on Biden's frightening plan to take over your money. Discover the immediate steps you need to take now.March 10, 2023 | benzinga.comAssociated Banc Stock (NYSE:ASB), Guidance and ForecastMarch 1, 2023 | msn.comAssociated Banc-Corp (ASB) Could Be a Great ChoiceFebruary 16, 2023 | finance.yahoo.comAssociated Banc-Corp Full Year 2022 Earnings: Beats ExpectationsFebruary 5, 2023 | finance.yahoo.comAssociated Banc-Corp (NYSE:ASB) Is Paying Out A Dividend Of $0.21February 1, 2023 | msn.comAssociated Banc-Corp 5.625 DP PF SR F declares $0.3516 dividendFebruary 1, 2023 | msn.comAssociated Banc-Corp declares $0.21 dividendFebruary 1, 2023 | finance.yahoo.comAssociated Banc-Corp to Attend Three First Quarter 2023 Investor EventsJanuary 30, 2023 | finance.yahoo.comAssociated Banc-Corp (NYSE:ASB) Q4 2022 Earnings Call TranscriptJanuary 30, 2023 | finance.yahoo.comWith EPS Growth And More, Associated Banc-Corp (NYSE:ASB) Makes An Interesting CaseJanuary 30, 2023 | markets.businessinsider.comAnalysts Offer Insights on Financial Companies: Associated Banc-Corp (ASB) and Healthequity (HQY)January 27, 2023 | finance.yahoo.comAssociated Banc-Corp (ASB) Q4 Earnings Beat on Higher NIIJanuary 27, 2023 | finance.yahoo.comWhy Associated Banc-Corp (ASB) is a Great Dividend Stock Right NowJanuary 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 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 PositiveSee 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 Earnings1/26/2023Ex-Dividend for 3/15 Dividend2/28/2023Dividend Payable3/15/2023Today3/25/2023Next Earnings (Estimated)4/20/2023Fiscal 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$23.50 High Stock Price Forecast$28.00 Low Stock Price Forecast$20.00 Forecasted Upside/Downside+31.2%Consensus RatingHold Rating Score (0-4)2.00 Research Coverage3 Analysts Profitability EPS (Most Recent Fiscal Year)$2.35 Trailing P/E Ratio7.62 Forward P/E Ratio7.25 P/E Growth0.96Net Income$366.12 million Net Margins25.65% Pretax Margin32.19% Return on Equity9.70% Return on Assets0.98% Debt Debt-to-Equity Ratio1.20 Current Ratio0.95 Quick Ratio0.95 Sales & Book Value Annual Sales$1.43 billion Price / Sales1.89 Cash Flow$2.95 per share Price / Cash Flow6.08 Book Value$25.42 per share Price / Book0.70Miscellaneous Outstanding Shares150,870,000Free Float148,620,000Market Cap$2.70 billion OptionableOptionable Beta1.01 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 CompetitorsFirst HawaiianNASDAQ:FHBInternational BancsharesNASDAQ:IBOCAtlantic Union BanksharesNASDAQ:AUBAmeris BancorpNASDAQ:ABCBCathay General BancorpNASDAQ:CATYView All CompetitorsInsiders & InstitutionsAndrew J HarmeningBought 4,850 shares on 3/9/2023Total: $99,764.50 ($20.57/share)North Star Asset Management Inc.Sold 500 shares on 3/6/2023Ownership: 0.044%Voya Investment Management LLCSold 58,474 shares on 2/28/2023Ownership: 0.194%Teachers Retirement System of The State of KentuckySold 1,879 shares on 2/22/2023Ownership: 0.077%Macquarie Group Ltd.Sold 1,651 shares on 2/21/2023Ownership: 0.081%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 equities research analysts have issued "buy," "hold," and "sell" ratings for Associated Banc in the last twelve months. There are currently 3 hold ratings for the stock. The consensus among Wall Street equities 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 1-year price targets for Associated Banc's shares. Their ASB share price forecasts range from $20.00 to $28.00. On average, they anticipate the company's share price to reach $23.50 in the next year. This suggests a possible upside of 31.2% 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 at the beginning of 2023. Since then, ASB stock has decreased by 22.4% and is now trading at $17.91. View the best growth stocks for 2023 here. Are investors shorting Associated Banc? Associated Banc saw a decline in short interest in the month of February. As of February 15th, there was short interest totaling 5,120,000 shares, a decline of 10.6% from the January 31st total of 5,730,000 shares. Based on an average daily trading volume, of 1,260,000 shares, the days-to-cover ratio is currently 4.1 days. Approximately 3.5% of the company's stock are short sold. 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, April 20th 2023. View our ASB earnings forecast. How were Associated Banc's earnings last quarter? Associated Banc-Corp (NYSE:ASB) released its quarterly earnings data on Thursday, January, 26th. The bank reported $0.70 EPS for the quarter, topping analysts' consensus estimates of $0.65 by $0.05. The bank had revenue of $452.94 million for the quarter, compared to the consensus estimate of $347.92 million. Associated Banc had a trailing twelve-month return on equity of 9.70% and a net margin of 25.65%. During the same quarter in the prior year, the business earned $0.49 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 Wednesday, February 1st. Shareholders of record on Wednesday, March 1st will be paid a dividend of $0.21 per share on Wednesday, March 15th. This represents a $0.84 annualized dividend and a yield of 4.69%. The ex-dividend date is Tuesday, February 28th. 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), Invesco High Yield Equity Dividend Achievers ETF (PEY), SPDR S&P Regional Banking ETF (KRE), SPDR S&P Bank ETF (KBE), VictoryShares US Small Cap High Div Volatility Wtd ETF (CSB), Direxion Daily Regional Banks Bull 3x Shares (DPST) and Invesco S&P MidCap Value with Momentum ETF (XMVM). 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 4.42%. 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 35.74%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, ASB will have a dividend payout ratio of 33.87% 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 many different retail and institutional investors. Top institutional investors include Dimensional Fund Advisors LP (7.21%), Pzena Investment Management LLC (2.07%), Alliancebernstein L.P. (1.86%), Geode Capital Management LLC (1.84%), LSV Asset Management (1.72%) and Associated Banc Corp (1.72%). 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, 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 $17.91. How much money does Associated Banc make? Associated Banc (NYSE:ASB) has a market capitalization of $2.70 billion and generates $1.43 billion in revenue each year. The bank earns $366.12 million in net income (profit) each year or $2.35 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 3/25/2023 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. 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