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NVDA   221.73 (+5.14%)
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T   19.25 (-1.69%)
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MU   62.13 (+3.58%)
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NYSE:ASB

Associated Banc - ASB Stock Forecast, Price & News

$24.17
+0.25 (+1.05%)
(As of 02/7/2023 12:00 AM ET)
Add
Compare
Today's Range
$23.75
$24.21
50-Day Range
$21.80
$24.60
52-Week Range
$17.45
$25.78
Volume
1.84 million shs
Average Volume
1.51 million shs
Market Capitalization
$3.63 billion
P/E Ratio
10.29
Dividend Yield
3.56%
Price Target
$23.80

Associated Banc MarketRank™ Forecast

Analyst Rating
Hold
2.33 Rating Score
Upside/​Downside
1.5% Downside
$23.80 Price Target
Short Interest
Bearish
3.73% of Float Sold Short
Dividend Strength
Strong
Based on Four Factors
Sustainability
-0.29
Upright™ Environmental Score
News Sentiment
0.85mentions of Associated Banc in the last 14 days
Based on 11 Articles This Week
Insider Trading
Selling Shares
$561,864 Sold Last Quarter
Proj. Earnings Growth
5.42%
From $2.40 to $2.53 Per Share

Overall MarketRank

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

2.25 out of 5 stars

Finance Sector

435th out of 861 stocks

State Commercial Banks Industry

96th out of 182 stocks

ASB stock logo

About Associated Banc (NYSE:ASB) Stock

Associated 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.

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ASB Stock News Headlines

The #1 Energy Stock to Buy
The next major energy revolution is unfolding right now. And it could hand early investors as much as 46,700% gains…
The #1 Energy Stock to Buy
The next major energy revolution is unfolding right now. And it could hand early investors as much as 46,700% gains…
Associated Banc-Corp (ASB) Q4 Earnings Beat on Higher NII
Riverview Bancorp (RVSB) Stock Gains 1.2% on Buyback Plan
See More Headlines
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ASB Company Calendar

Ex-Dividend for 12/15 Dividend
11/30/2022
Dividend Payable
12/15/2022
Last Earnings
1/26/2023
Today
2/07/2023
Ex-Dividend for 3/15 Dividend
2/28/2023
Dividend Payable
3/15/2023
Next Earnings (Estimated)
4/20/2023
Fiscal Year End
12/31/2023

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
-1.5%
Consensus Rating
Hold
Rating Score (0-4)
2.33
Research Coverage
3 Analysts

Profitability

Net Income
$366.12 million
Pretax Margin
32.19%

Debt

Sales & Book Value

Annual Sales
$1.43 billion
Cash Flow
$2.55 per share
Book Value
$25.42 per share

Miscellaneous

Free Float
145,788,000
Market Cap
$3.63 billion
Optionable
Optionable
Beta
1.02

Key Executives

  • Andrew J. HarmeningAndrew J. Harmening
    President, Chief Executive Officer & Director
  • Derek Meyer
    Chief Financial Officer & Executive Vice President
  • Terry Lynn Williams
    Chief Information Officer & Executive VP
  • Nicole M. Kitowski
    Chief Risk Officer & Executive Vice President
  • David L. SteinDavid L. Stein
    EVP & Head-Consumer & Business Banking













ASB Stock - Frequently Asked Questions

Should I buy or sell Associated Banc stock right now?

3 Wall Street 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 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 12 month price targets for Associated Banc's stock. Their ASB share price forecasts range from $20.00 to $28.00. On average, they expect the company's stock price to reach $23.80 in the next year. This suggests that the stock has a possible downside of 0.5%.
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 stock has increased by 3.6% and is now trading at $23.92.
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 currently 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) announced its quarterly earnings data on Thursday, January, 26th. The bank reported $0.70 EPS for the quarter, beating the consensus estimate of $0.65 by $0.05. The bank earned $452.94 million during 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 period in the prior year, the firm earned $0.49 earnings per share.

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

Associated Banc declared a quarterly dividend on Wednesday, February 1st. Stockholders 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 3.51%. The ex-dividend date of this dividend 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 3.56%. 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 retail and institutional investors. Top institutional shareholders include Pzena Investment Management LLC (2.07%), Allspring Global Investments Holdings LLC (1.55%), Palisade Asset Management LLC (0.74%), Peregrine Capital Management LLC (0.31%), ProShare Advisors LLC (0.27%) and Foundry Partners LLC (0.21%). 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 $23.92.

How much money does Associated Banc make?

Associated Banc (NYSE:ASB) has a market capitalization of $3.60 billion and generates $1.43 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 2/7/2023 by MarketBeat.com Staff