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. $23.61 +0.44 (+1.90%) (As of 02/3/2023 12:00 AM ET) Add Compare Share Share Today's Range$23.13▼$23.9250-Day Range$21.80▼$24.6052-Week Range$17.45▼$25.78Volume2.25 million shsAverage Volume1.39 million shsMarket Capitalization$3.55 billionP/E Ratio10.05Dividend Yield3.56%Price Target$23.80 ProfileAnalyst RatingsChartCompetitorsDividendEarningsFinancialsInsider TradesInstitutional OwnershipHeadlinesOptions ChainSEC FilingsShort InterestSocial MediaSustainability Associated Banc MarketRank™ ForecastAnalyst RatingHold2.33 Rating ScoreUpside/Downside0.8% Upside$23.80 Price TargetShort InterestBearish3.73% of Float Sold ShortDividend StrengthStrongBased on Four FactorsSustainability-0.29Upright™ Environmental ScoreNews Sentiment0.94Based on 12 Articles This WeekInsider TradingSelling Shares$561,864 Sold Last QuarterProj. Earnings Growth5.42%From $2.40 to $2.53 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 Sector417th out of 858 stocksState Commercial Banks Industry89th out of 180 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 0.8% from its current price of $23.61.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 3.63%, 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 33.20% 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 2.7 News and Social Media Coverage News SentimentAssociated Banc has a news sentiment score of 0.94. 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 0.55 average news sentiment score of Finance companies.News Coverage This WeekMarketBeat has tracked 12 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 -25% 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 5.42% in the coming year, from $2.40 to $2.53 per share.Price to Earnings Ratio vs. the MarketThe P/E ratio of Associated Banc is 10.05, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 132.43.Price to Earnings Ratio vs. SectorThe P/E ratio of Associated Banc is 10.05, which means that it is trading at a less expensive P/E ratio than the Finance sector average P/E ratio of about 183.77.Price to Earnings Growth RatioAssociated Banc has a PEG Ratio of 1.21. 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 0.93. 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 HeadlinesFebruary 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 5, 2023 | Tradewins (Ad)Know Your Profit Potential BEFORE You Trade!I’m Chuck Hughes, ten-time trading champion and author of the coveted e-book, “Options Trading Made Easy”, the strategy guide that will teach you to calculate your trade’s profit potential before you risk any capital. Click here for a free copy now! February 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)February 5, 2023 | Tradewins (Ad)Know Your Profit Potential BEFORE You Trade!I’m Chuck Hughes, ten-time trading champion and author of the coveted e-book, “Options Trading Made Easy”, the strategy guide that will teach you to calculate your trade’s profit potential before you risk any capital. Click here for a free copy now! January 30, 2023 | americanbankingnews.comAssociated Banc (NYSE:ASB) vs. California Business Bank (OTCMKTS:CABB) Head to Head ContrastJanuary 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 PositiveJanuary 6, 2023 | finance.yahoo.com5 Reasons Why Associated Banc-Corp (ASB) Stock is Worth BuyingJanuary 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 $0.21See 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 Ex-Dividend for 12/15 Dividend11/30/2022Dividend Payable12/15/2022Last Earnings1/26/2023Today2/05/2023Ex-Dividend for 3/15 Dividend2/28/2023Dividend Payable3/15/2023Next 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) 491-7500Fax920-433-3261Employees4,003Year 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+0.8%Consensus RatingHold Rating Score (0-4)2.33 Research Coverage3 Analysts Profitability EPS (Most Recent Fiscal Year)$2.35 Trailing P/E Ratio10.05 Forward P/E Ratio9.84 P/E Growth1.23Net 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 / Sales2.49 Cash Flow$2.49 per share Price / Cash Flow9.47 Book Value$25.42 per share Price / Book0.93Miscellaneous Outstanding Shares150,360,000Free Float145,788,000Market Cap$3.55 billion OptionableOptionable Beta1.02 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 CompetitorsCVB FinancialNASDAQ:CVBFUnited Community BanksNASDAQ:UCBITexas Capital BancsharesNASDAQ:TCBIFirst HawaiianNASDAQ:FHBAmeris BancorpNASDAQ:ABCBView All CompetitorsInsiders & InstitutionsPzena Investment Management LLCSold 572,962 shares on 2/3/2023Ownership: 2.068%Hancock Whitney CorpBought 77,507 shares on 2/3/2023Ownership: 0.052%U.S. Capital Wealth Advisors LLCBought 3,164 shares on 2/3/2023Ownership: 0.002%Profund Advisors LLCBought 9,201 shares on 2/2/2023Ownership: 0.006%Appleton Group LLCBought 9,053 shares on 2/2/2023Ownership: 0.006%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 2 hold ratings and 1 buy rating 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 brokers have issued 1-year price objectives for Associated Banc's shares. Their ASB share price forecasts range from $20.00 to $28.00. On average, they expect the company's share price to reach $23.80 in the next twelve months. This suggests a possible upside of 0.8% 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 the year. Since then, ASB shares have increased by 2.3% and is now trading at $23.61. View the best growth stocks for 2023 here. Are investors shorting Associated Banc? Associated Banc saw a increase in short interest in 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 presently 4.4 days. Approximately 3.5% of the company's stock 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, 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 results on Thursday, January, 26th. The bank reported $0.70 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.65 by $0.05. The bank had revenue of $452.94 million for the quarter, compared to analyst estimates 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 firm posted $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. Investors of record on Wednesday, March 1st will be given a dividend of $0.21 per share on Wednesday, March 15th. This represents a $0.84 dividend on an annualized basis and a yield of 3.56%. The ex-dividend date is Tuesday, February 28th. 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 3.63%. 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 33.20% 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 Pzena Investment Management LLC (2.07%), Allspring Global Investments Holdings LLC (1.55%), Peregrine Capital Management LLC (0.31%), ProShare Advisors LLC (0.27%), Foundry Partners LLC (0.21%) and New York State Teachers Retirement System (0.20%). 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 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 $23.61. How much money does Associated Banc make? Associated Banc (NYSE:ASB) has a market capitalization of $3.55 billion and generates $1.23 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 4,003 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 2/5/2023 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. 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