Associated Banc - ASB Stock Forecast, Price & News

5 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Associated Banc in the last year. There are currently 1 sell rating, 3 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.
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5 brokerages have issued 1-year price objectives for Associated Banc's stock. Their ASB share price forecasts range from $20.00 to $28.00. On average, they anticipate the company's share price to reach $23.67 in the next year. This suggests a possible upside of 18.5% from the stock's current price.
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Associated Banc's stock was trading at $22.59 at the beginning of 2022. Since then, ASB stock has decreased by 11.6% and is now trading at $19.98.
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Associated Banc saw a decline in short interest in August. As of August 15th, there was short interest totaling 6,380,000 shares, a decline of 11.5% from the July 31st total of 7,210,000 shares. Based on an average daily volume of 1,320,000 shares, the days-to-cover ratio is presently 4.8 days. Currently, 4.4% of the shares of the stock are sold short.
View Associated Banc's Short Interest.

The company is scheduled to release its next quarterly earnings announcement on Thursday, October 20th 2022.
View our ASB earnings forecast.

Associated Banc will be holding an earnings conference call on Thursday, October 20th at 5:00 PM Eastern. Interested parties can register for or listen to the call using this link.

Associated Banc-Corp (NYSE:ASB) released its earnings results on Thursday, July, 21st. The bank reported $0.56 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.44 by $0.12. The bank had revenue of $296.32 million for the quarter, compared to analyst estimates of $281.69 million. Associated Banc had a trailing twelve-month return on equity of 8.63% and a net margin of 28.30%. During the same quarter in the previous year, the business earned $0.56 earnings per share.

Associated Banc declared a quarterly dividend on Tuesday, July 26th. Stockholders of record on Thursday, September 1st will be paid a dividend of $0.20 per share on Thursday, September 15th. This represents a $0.80 dividend on an annualized basis and a yield of 4.00%. The ex-dividend date of this dividend is Wednesday, August 31st.
Read our dividend analysis for ASB.

Associated Banc (NYSE:ASB) pays an annual dividend of $0.80 per share and currently has a dividend yield of 3.98%. ASB has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. The company does not yet have a strong track record of dividend growth. The dividend payout ratio is 38.46%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, ASB will have a dividend payout ratio of 35.40% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for ASB.

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.

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 a number of institutional and retail investors. Top institutional shareholders include FMR LLC (6.48%), State Street Corp (5.73%), Pzena Investment Management LLC (2.52%), Goldman Sachs Group Inc. (1.78%), Associated Banc Corp (1.75%) and Allspring Global Investments Holdings LLC (1.67%). 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 Hankerd, 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, William M Bohn and William R Hutchinson.
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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.
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One share of ASB stock can currently be purchased for approximately $19.98.

Associated Banc (NYSE:ASB) has a market capitalization of $3.00 billion and generates $1.13 billion in revenue each year. The bank earns $350.99 million in net income (profit) each year or $2.08 on an earnings per share basis.

The company employs 4,003 workers across the globe.

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.