Associated Banc Stock Forecast, Price & News

5 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Associated Banc in the last year. There are currently 5 hold ratings for the stock. The consensus among Wall Street research analysts is that investors should "hold" Associated Banc stock. 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.
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Wall Street analysts have given Associated Banc a "Hold" rating, but there may be better buying opportunities in the stock market. Some of MarketBeat's past winning trading ideas have resulted in 5-15% weekly gains. MarketBeat just released five new stock ideas, but Associated Banc wasn't one of them. MarketBeat thinks these five companies may be even better buys.
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Associated Banc is scheduled to release its next quarterly earnings announcement on Thursday, October 28th 2021.
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Associated Banc-Corp (NYSE:ASB) announced its quarterly earnings data on Wednesday, July, 21st. The bank reported $0.56 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.48 by $0.08. The bank had revenue of $253 million for the quarter, compared to analyst estimates of $258.24 million. Associated Banc had a net margin of 25.85% and a trailing twelve-month return on equity of 7.84%. The company's quarterly revenue was down 43.0% on a year-over-year basis. During the same period last year, the business posted $0.26 earnings per share.
View Associated Banc's earnings history.

Associated Banc's stock was trading at $13.33 on March 11th, 2020 when Coronavirus (COVID-19) reached pandemic status according to the World Health Organization. Since then, ASB stock has increased by 50.5% and is now trading at $20.06.
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Associated Banc announced a quarterly dividend on Wednesday, July 28th. Shareholders of record on Wednesday, September 1st will be given a dividend of $0.20 per share on Wednesday, September 15th. This represents a $0.80 dividend on an annualized basis and a yield of 3.99%. The ex-dividend date of this dividend is Tuesday, August 31st. This is an increase from Associated Banc's previous quarterly dividend of $0.18.
View Associated Banc's dividend history.

Associated Banc pays an annual dividend of $0.80 per share and currently has a dividend yield of 4.07%. ASB has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. Associated Banc does not yet have a strong track record of dividend growth. The dividend payout ratio of Associated Banc is 43.01%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, Associated Banc will have a dividend payout ratio of 51.95% next year. This indicates that Associated Banc will be able to sustain or increase its dividend.
View Associated Banc's dividend history.

5 brokerages have issued 12-month target prices for Associated Banc's stock. Their forecasts range from $14.00 to $24.00. On average, they anticipate Associated Banc's stock price to reach $20.75 in the next year. This suggests a possible upside of 3.4% from the stock's current price.
View analysts' price targets for Associated Banc or view top-rated stocks among Wall Street analysts.

219 employees have rated Associated Banc CEO Philip B. (Phil) Flynn on Glassdoor.com. Philip B. (Phil) Flynn has an approval rating of 89% among Associated Banc's employees.

Some companies that are related to Associated Banc include Western Alliance Bancorporation (WAL), East West Bancorp (EWBC), First Citizens BancShares (FCNCA), Commerce Bancshares (CBSH), First Financial Bankshares (FFIN), Prosperity Bancshares (PB), Popular (BPOP), Bank OZK (OZK), Glacier Bancorp (GBCI), South State (SSB), Wintrust Financial (WTFC), United Bankshares (UBSI), ServisFirst Bancshares (SFBS), Hancock Whitney (HWC) and Pacific Premier Bancorp (PPBI).
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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).

Associated Banc trades on the New York Stock Exchange (NYSE) under the ticker symbol "ASB."

Associated Banc's stock is owned by many different institutional and retail investors. Top institutional investors include BlackRock Inc. (11.54%), Vanguard Group Inc. (9.94%), State Street Corp (7.03%), Dimensional Fund Advisors LP (6.57%), FMR LLC (6.31%) and Pzena Investment Management LLC (2.25%). Company insiders that own Associated Banc stock include Andrew J Harmening, David L Stein, Eileen A Kamerick, John A Utz, John B Williams, John F Bergstrom, John P Hankerd, Lith Karen Van, 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, William M Bohn and William R Hutchinson.
View institutional ownership trends for Associated Banc.

ASB stock was sold by a variety of institutional investors in the last quarter, including Cramer Rosenthal Mcglynn LLC, AQR Capital Management LLC, Millennium Management LLC, Wells Fargo & Company MN, Prudential Financial Inc., Pzena Investment Management LLC, Bank of America Corp DE, and Principal Financial Group Inc.. Company insiders that have sold Associated Banc company stock in the last year include Andrew J Harmening, David L Stein, Eileen A Kamerick, John A Utz, John B Williams, Lith Karen Van, Michael Meinolf, Moral-Niles Christopher Del, Nicole M Kitowski, Patrick Edward Ahern, Philip B Flynn, Tammy C Stadler, and Timothy J Lau.
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ASB stock was purchased by a variety of institutional investors in the last quarter, including BlackRock Inc., State Street Corp, FMR LLC, Northern Trust Corp, Geode Capital Management LLC, JPMorgan Chase & Co., ProShare Advisors LLC, and Nuveen Asset Management LLC. Company insiders that have bought Associated Banc stock in the last two years include John F Bergstrom, Michael J Haddad, Michael T Crowley Jr, Moral-Niles Christopher Del, Timothy J Lau, and William R Hutchinson.
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Shares of ASB 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.
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One share of ASB stock can currently be purchased for approximately $20.06.

Associated Banc has a market capitalization of $3.07 billion and generates $1.43 billion in revenue each year. The bank earns $306.77 million in net income (profit) each year or $1.86 on an earnings per share basis.

Associated Banc employs 4,459 workers across the globe.

The official website for Associated Banc is www.associatedbank.com.

Associated Banc is headquartered at 433 MAIN STREET, GREEN BAY WI, 54301.

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].