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NYSE:ASB

Associated Banc - ASB Stock Forecast, Price & News

$23.20
-1.21 (-4.96%)
(As of 12/5/2022 12:00 AM ET)
Add
Compare
Today's Range
$22.99
$24.31
50-Day Range
$19.98
$25.13
52-Week Range
$17.45
$25.78
Volume
884,220 shs
Average Volume
1.33 million shs
Market Capitalization
$3.49 billion
P/E Ratio
10.84
Dividend Yield
3.44%
Price Target
$23.80

Associated Banc MarketRank™ Forecast

Analyst Rating
Hold
2.33 Rating Score
Upside/​Downside
2.6% Upside
$23.80 Price Target
Short Interest
Healthy
2.89% of Float Sold Short
Dividend Strength
Moderate
Based on Four Factors
Sustainability
-0.29
Upright™ Environmental Score
News Sentiment
1.11mentions of Associated Banc in the last 14 days
Based on 2 Articles This Week
Insider Trading
Selling Shares
$859,097 Sold Last Quarter
Proj. Earnings Growth
2.19%
From $2.28 to $2.33 Per Share

Overall MarketRank

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

2.48 out of 5 stars

Finance Sector

303rd out of 886 stocks

State Commercial Banks Industry

59th out of 184 stocks

ASB stock logo

About Associated Banc (NYSE:ASB) Stock

Associated Banc-Corp, a bank holding company, provides various banking and nonbanking products to individuals and businesses in Wisconsin, Illinois, and Minnesota. The company operates through three segments: Corporate and Commercial Specialty; Community, Consumer, and Business; and Risk Management and Shared Services. Its Corporate and Commercial Specialty segment offers 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; 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; specialized financial services such as interest rate risk management, foreign exchange solutions, and commodity hedging; fiduciary services such as administration of pension, profit-sharing and other employee benefit plans, fiduciary and corporate agency services, and institutional asset management; and investable funds solutions such as savings, money market deposit accounts, IRA accounts, CDs, fixed and variable annuities, full-service, discount and online investment brokerage; investment advisory services; and trust and investment management accounts. The company's Community, Consumer, and Business segment offers lending solutions, such as residential mortgages, home equity loans and lines of credit, personal and installment loans, auto loans, business loans, and business lines of credit; and deposit and transactional solutions such as checking, credit, debit and pre-paid cards, online banking and bill pay; and money transfer services. As of December 31, 2021, the company operated 215 banking branches. Associated Banc-Corp was founded in 1861 and is headquartered in Green Bay, Wisconsin.

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ASB Stock News Headlines

Associated Banc-Corp (ASB) To Go Ex-Dividend on November 30th
Riverview Bancorp (RVSB) Stock Gains 1.2% on Buyback Plan
Earnings Preview: Associated Banc
Key Factors to Note for Fifth Third's (FITB) Q3 Earnings
Associated Bank announces corporate promotion
ASB Associated Banc-Corp
See More Headlines
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ASB Company Calendar

Ex-Dividend for 9/15 Dividend
8/31/2022
Dividend Payable
9/15/2022
Last Earnings
10/20/2022
Ex-Dividend for 12/15 Dividend
11/30/2022
Today
12/05/2022
Dividend Payable
12/15/2022
Fiscal Year End
12/31/2022
Next Earnings (Estimated)
1/19/2023

Industry, Sector and Symbol

Industry
State commercial banks
Sub-Industry
N/A
Sector
Finance
Previous Symbol
NASDAQ:ASBC
CIK
7789
Employees
4,003
Year Founded
N/A

Price Target and Rating

Average Stock Price Forecast
$23.80
High Stock Price Forecast
$28.00
Low Stock Price Forecast
$20.00
Forecasted Upside/Downside
+2.6%
Consensus Rating
Hold
Rating Score (0-4)
2.33
Research Coverage
3 Analysts

Profitability

Net Income
$350.99 million
Pretax Margin
33.20%

Debt

Sales & Book Value

Annual Sales
$1.13 billion
Cash Flow
$3.01 per share
Book Value
$25.53 per share

Miscellaneous

Free Float
145,788,000
Market Cap
$3.49 billion
Optionable
Optionable
Beta
1.02

Key Executives

  • Mr. Andrew J. HarmeningMr. Andrew J. Harmening (Age 53)
    Pres, CEO & Director
    Comp: $2.16M
  • Mr. Randall J. Erickson (Age 63)
    Exec. VP, Gen. Counsel & Corp. Sec.
    Comp: $832.46k
  • Mr. David L. SteinMr. David L. Stein (Age 59)
    Exec. VP, Head of Consumer & Bus. Banking and Madison Market Pres
    Comp: $786.94k
  • Mr. John Anthony Utz (Age 54)
    Exec. VP, Head of Corp. Banking & Milwaukee Market Pres
    Comp: $854.01k
  • Mr. Derek S. Meyer (Age 55)
    Exec. VP & CFO
  • Ms. Tammy C. Stadler (Age 56)
    Exec. VP, Corp. Controller & Chief Accounting Officer
  • Ben McCarville
    VP & Director of Investor Relations
  • Mr. Anthony Philip Pecora
    Sr. VP, Director of Compliance & Associated Investment Services
  • Jennifer Kaminski
    VP & PR Sr. Mang.
  • Mr. Bryan Carson (Age 52)
    Exec. VP, Chief Product & Marketing Officer













ASB Stock - Frequently Asked Questions

Should I buy or sell Associated Banc stock right now?

3 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Associated Banc in the last year. There are currently 2 hold ratings and 1 buy rating for the stock. The consensus among Wall Street 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 brokerages have issued twelve-month price objectives for Associated Banc's stock. 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 1.6% 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 2022?

Associated Banc's stock was trading at $22.59 at the beginning of the year. Since then, ASB shares have increased by 3.7% and is now trading at $23.42.
View the best growth stocks for 2022 here
.

Are investors shorting Associated Banc?

Associated Banc saw a drop in short interest in the month of November. As of November 15th, there was short interest totaling 4,270,000 shares, a drop of 17.4% from the October 31st total of 5,170,000 shares. Based on an average trading volume of 1,320,000 shares, the days-to-cover ratio is currently 3.2 days. Currently, 2.9% of the shares of the company 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, January 19th 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, October, 20th. The bank reported $0.62 earnings per share for the quarter, topping analysts' consensus estimates of $0.58 by $0.04. The bank earned $340.07 million during the quarter, compared to analysts' expectations of $317.27 million. Associated Banc had a trailing twelve-month return on equity of 8.85% and a net margin of 26.57%. During the same quarter last year, the business posted $0.56 EPS.

How often does Associated Banc pay dividends? What is the dividend yield for Associated Banc?

Associated Banc declared a quarterly dividend on Tuesday, October 25th. Shareholders of record on Thursday, December 1st will be paid a dividend of $0.21 per share on Thursday, December 15th. This represents a $0.84 annualized dividend and a dividend yield of 3.59%. The ex-dividend date is Wednesday, November 30th. This is a positive change from the stock's previous quarterly dividend of $0.20.
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 3.44%. 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 39.25%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, ASB will have a dividend payout ratio of 36.05% 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 number of institutional and retail investors. Top institutional shareholders include BlackRock Inc. (12.41%), Vanguard Group Inc. (10.18%), Dimensional Fund Advisors LP (7.03%), State Street Corp (5.37%), Pzena Investment Management LLC (2.45%) and LSV Asset Management (1.77%). 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 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 $23.42.

How much money does Associated Banc make?

Associated Banc (NYSE:ASB) has a market capitalization of $3.52 billion and generates $1.13 billion in revenue each year. The bank earns $350.99 million in net income (profit) each year or $2.14 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 12/5/2022 by MarketBeat.com Staff