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NYSE:ASB

Associated Banc Stock Forecast, Price & News

$13.69
+0.05 (+0.37 %)
(As of 10/30/2020 12:00 AM ET)
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Today's Range
$13.44
Now: $13.69
$13.72
50-Day Range
$12.20
MA: $13.39
$14.30
52-Week Range
$10.23
Now: $13.69
$22.60
Volume2.07 million shs
Average Volume1.42 million shs
Market Capitalization$2.10 billion
P/E Ratio7.21
Dividend Yield5.28%
Beta1.25
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 December 31, 2019, the company operated 248 banking branches serving over 120 communities. Associated Banc-Corp was founded in 1861 and is headquartered in Green Bay, Wisconsin.
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Beat the Market (BTM) Rank

Analyst Opinion: 1.1Community Rank: 1.9Dividend Strength: 4.2Insider Behavior: 4.0Valuation: 2.5 5 -4 -3 -2 -1 -

Overall Beat the Market Rank

2.73 out of 5 stars

Industry, Sector and Symbol

Industry State commercial banks
Sub-IndustryN/A
SectorFinance
Previous SymbolNASDAQ:ASBC
CUSIPN/A
CIK7789
Phone920-491-7500
Employees4,669

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$1.55 billion
Cash Flow$2.67 per share
Book Value$23.00 per share

Profitability

Net Income$326.79 million

Miscellaneous

Market Cap$2.10 billion
Next Earnings Date1/28/2021 (Estimated)
OptionableOptionable
$13.69
+0.05 (+0.37 %)
(As of 10/30/2020 12:00 AM ET)
30 days | 90 days | 365 days | Advanced Chart

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Associated Banc (NYSE:ASB) Frequently Asked Questions

How has Associated Banc's stock price been impacted by COVID-19 (Coronavirus)?

Associated Banc's stock was trading at $13.33 on March 11th, 2020 when COVID-19 (Coronavirus) reached pandemic status according to the World Health Organization (WHO). Since then, ASB shares have increased by 2.7% and is now trading at $13.69.
View which stocks have been most impacted by COVID-19
.

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

8 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Associated Banc in the last year. There are currently 7 hold ratings and 1 buy rating 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, January 28th 2021.
View our earnings forecast for Associated Banc
.

How were Associated Banc's earnings last quarter?

Associated Banc-Corp (NYSE:ASB) issued its quarterly earnings data on Thursday, October, 22nd. The bank reported $0.24 earnings per share for the quarter, topping the Thomson Reuters' consensus estimate of $0.23 by $0.01. The bank earned $258 million during the quarter, compared to analysts' expectations of $268.77 million. Associated Banc had a net margin of 20.66% and a return on equity of 5.68%. The company's revenue for the quarter was down 42.0% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.49 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 Tuesday, October 27th. Shareholders of record on Tuesday, December 1st will be paid a dividend of $0.18 per share on Tuesday, December 15th. This represents a $0.72 annualized dividend and a dividend yield of 5.26%. The ex-dividend date is Monday, November 30th.
View Associated Banc's dividend history
.

What price target have analysts set for ASB?

8 brokerages have issued twelve-month target prices for Associated Banc's stock. Their forecasts range from $13.00 to $18.00. On average, they anticipate Associated Banc's stock price to reach $14.83 in the next twelve months. This suggests a possible upside of 8.4% from the stock's current price.
View analysts' price targets for Associated Banc
.

Are investors shorting Associated Banc?

Associated Banc saw a increase in short interest during the month of October. As of October 15th, there was short interest totaling 3,600,000 shares, an increase of 22.4% from the September 30th total of 2,940,000 shares. Based on an average trading volume of 1,280,000 shares, the days-to-cover ratio is presently 2.8 days. Currently, 2.4% of the company's stock are short sold.
View Associated Banc's Short Interest
.

Who are some of Associated Banc's key competitors?

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).

Who are Associated Banc's key executives?

Associated Banc's management team includes the following people:
  • Mr. Philip B. Flynn, Pres, CEO & Director (Age 63, Pay $2.5M)
  • Mr. Christopher J. Del Moral-Niles CFA, Exec. VP & CFO (Age 49, Pay $999.52k)
  • Mr. Randall J. Erickson, Exec. VP, Gen. Counsel & Corp. Sec. (Age 61, Pay $861.52k)
  • Mr. David L. Stein, Exec. VP and Head of Consumer & Bus. Banking (Age 57, Pay $751.09k)
  • Mr. John Anthony Utz, Exec. VP, Head of Corp. Banking & Milwaukee Market Pres (Age 52, Pay $940.39k)

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 institutional and retail investors. Top institutional investors include LSV Asset Management (2.33%), Pzena Investment Management LLC (2.11%), Foundry Partners LLC (0.67%), Dalton Greiner Hartman Maher & Co. (0.54%), BNP Paribas Arbitrage SA (0.18%) and Gateway Investment Advisers LLC (0.18%). Company insiders that own Associated Banc stock include Christopher C Piotrowski, David L Stein, John A Utz, John B Williams, John P Hankerd, Lith Karen Van, Michael J Haddad, 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 institutional investors are selling Associated Banc stock?

ASB stock was sold by a variety of institutional investors in the last quarter, including Thompson Investment Management Inc., Dalton Greiner Hartman Maher & Co., Hennessy Advisors Inc., Riverbridge Partners LLC, LSV Asset Management, Foundry Partners LLC, New Mexico Educational Retirement Board, and New Mexico Educational Retirement Board. Company insiders that have sold Associated Banc company stock in the last year include David L Stein, John P Hankerd, Moral-Niles Christopher Del, Tammy C Stadler, and William M Bohn.
View insider buying and selling activity for Associated Banc
.

Which institutional investors are buying Associated Banc stock?

ASB stock was bought by a variety of institutional investors in the last quarter, including BNP Paribas Arbitrage SA, Pzena Investment Management LLC, Gateway Investment Advisers LLC, Ziegler Capital Management LLC, Alberta Investment Management Corp, Pacer Advisors Inc., Robeco Institutional Asset Management B.V., and Xponance Inc.. Company insiders that have bought Associated Banc stock in the last two years include John B Williams, Michael J Haddad, Michael T Crowley Jr, Moral-Niles Christopher Del, Nicole M Kitowski, Timothy J Lau, 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 $13.69.

How big of a company is Associated Banc?

Associated Banc has a market capitalization of $2.10 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.

What is Associated Banc's official website?

The official website for Associated Banc is 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 10/31/2020 by MarketBeat.com Staff

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