Associated Banc (ASB) Stock Forecast, Price & News

5 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Associated Banc in the last year. There are currently 4 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.
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5 Wall Street research analysts have issued 12-month price targets for Associated Banc's shares. Their ASB share price forecasts range from $20.00 to $25.00. On average, they predict the company's stock price to reach $22.29 in the next year. This suggests a possible upside of 44.7% from the stock's current price.
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Associated Banc's stock was trading at $23.09 at the beginning of 2023. Since then, ASB stock has decreased by 33.3% and is now trading at $15.40.
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The company is scheduled to release its next quarterly earnings announcement on Thursday, July 20th 2023.
View our ASB earnings forecast.

Associated Banc-Corp (NYSE:ASB) posted its quarterly earnings data on Thursday, April, 20th. The bank reported $0.66 EPS for the quarter, topping the consensus estimate of $0.63 by $0.03. The bank had revenue of $504.89 million for the quarter, compared to analyst estimates of $349.71 million. Associated Banc had a trailing twelve-month return on equity of 10.35% and a net margin of 23.87%. During the same period in the prior year, the business posted $0.47 earnings per share.

Associated Banc declared a quarterly dividend on Tuesday, April 25th. Shareholders of record on Thursday, June 1st will be given a dividend of $0.21 per share on Thursday, June 15th. This represents a $0.84 annualized dividend and a yield of 5.45%. The ex-dividend date is Wednesday, May 31st.
Read our dividend analysis for ASB.

ETFs with the largest weight of Associated Banc (NYSE:ASB) stock in their portfolio include USCF Dividend Income Fund (UDI), Invesco KBW Regional Banking ETF (KBWR), SPDR S&P Regional Banking ETF (KRE), SPDR S&P Bank ETF (KBE), VictoryShares US Small Cap High Div Volatility Wtd ETF (CSB), AdvisorShares Alpha DNA Equity Sentiment ETF (SENT), Invesco S&P MidCap Value with Momentum ETF (XMVM) and Invesco S&P MidCap Low Volatility ETF (XMLV).

Associated Banc (NYSE:ASB) pays an annual dividend of $0.84 per share and currently has a dividend yield of 5.67%. ASB has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. 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 33.07%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, ASB will have a dividend payout ratio of 37.17% 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 retail and institutional investors. Top institutional shareholders include BlackRock Inc. (12.78%), FMR LLC (8.99%), Dimensional Fund Advisors LP (7.32%), State Street Corp (5.46%), Pzena Investment Management LLC (1.97%) and Geode Capital Management LLC (1.90%). Insiders that own company stock include Andrew J Harmening, 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, Moral-Niles Christopher Del, Nicole M Kitowski, Patrick Edward Ahern, Philip B Flynn, R Jay Gerken, Tammy C Stadler, Timothy J Lau and Timothy J Lau.
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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 $15.40.

Associated Banc (NYSE:ASB) has a market capitalization of $2.32 billion and generates $1.43 billion in revenue each year. The bank earns $366.12 million in net income (profit) each year or $2.54 on an earnings per share basis.

The company employs 4,118 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.