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NYSE:ASBAssociated Banc Stock Price, Forecast & News

$16.35
+0.98 (+6.38 %)
(As of 06/5/2020 04:00 PM ET)
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Today's Range
$16.13
Now: $16.35
$16.87
50-Day Range
$11.49
MA: $13.22
$15.42
52-Week Range
$10.23
Now: $16.35
$22.60
Volume1.54 million shs
Average Volume1.21 million shs
Market Capitalization$2.55 billion
P/E Ratio9.73
Dividend Yield4.68%
Beta1.26
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 April 30, 2019, the company operated approximately 230 banking locations serving approximately 110 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: 0.9Community Rank: 1.9Dividend Strength: 3.3Insider Behavior: 4.0Valuation: 3.8 5 -4 -3 -2 -1 -

Overall Beat the Market Rank

2.78 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

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$1.55 billion
Cash Flow$2.97 per share
Book Value$23.00 per share

Profitability

Net Income$326.79 million

Miscellaneous

Employees4,669
Market Cap$2.55 billion
Next Earnings Date7/23/2020 (Estimated)
OptionableOptionable

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Associated Banc (NYSE:ASB) Frequently Asked Questions

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

Associated Banc's stock was trading at $13.33 on March 11th, 2020 when Coronavirus reached pandemic status according to the World Health Organization (WHO). Since then, ASB stock has increased by 22.7% and is now trading at $16.35. View which stocks have been most impacted by Coronavirus.

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 1 sell rating and 7 hold ratings 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, July 23rd 2020. 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, April, 23rd. The bank reported $0.28 EPS for the quarter, topping the consensus estimate of $0.10 by $0.18. The bank earned $305.33 million during the quarter, compared to analyst estimates of $293.74 million. Associated Banc had a return on equity of 8.13% and a net margin of 18.59%. During the same quarter in the previous year, the firm posted $0.50 earnings per share. View Associated Banc's earnings history.

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

Associated Banc announced a quarterly dividend on Tuesday, April 28th. Shareholders of record on Monday, June 1st will be given a dividend of $0.18 per share on Monday, June 15th. This represents a $0.72 annualized dividend and a dividend yield of 4.40%. The ex-dividend date is Friday, May 29th. View Associated Banc's dividend history.

What price target have analysts set for ASB?

8 Wall Street analysts have issued twelve-month price objectives for Associated Banc's shares. Their forecasts range from $14.00 to $22.00. On average, they expect Associated Banc's share price to reach $16.67 in the next year. This suggests a possible upside of 1.9% from the stock's current price. View analysts' price targets for Associated Banc.

Has Associated Banc been receiving favorable news coverage?

Media stories about ASB stock have been trending negative on Saturday, according to InfoTrie Sentiment. The research firm scores the sentiment of news coverage by reviewing more than six thousand blog and news sources in real-time. The firm ranks coverage of companies on a scale of negative five to positive five, with scores closest to five being the most favorable. Associated Banc earned a media sentiment score of -2.1 on InfoTrie's scale. They also assigned media coverage about the bank a news buzz of 3.0 out of 10, meaning that recent news coverage is unlikely to have an effect on the company's share price in the near future. View the latest news aboutAssociated Banc.

Are investors shorting Associated Banc?

Associated Banc saw a decrease in short interest in the month of May. As of May 15th, there was short interest totaling 2,990,000 shares, a decrease of 11.3% from the April 30th total of 3,370,000 shares. Based on an average daily trading volume, of 1,690,000 shares, the short-interest ratio is presently 1.8 days. Approximately 2.0% of the company's stock are sold short. View Associated Banc's Current Options Chain.

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 Bank of America (BAC), Intelsat (I), Invesco (IVZ), Fossil Group (FOSL), AK Steel (AKS), China Unicom (Hong Kong) (CHU), Exxon Mobil (XOM), AMC Entertainment (AMC), Apollo Global Management (APO) and Caterpillar (CAT).

Who are Associated Banc's key executives?

Associated Banc's management team includes the following people:
  • Mr. Philip B. Flynn, Pres, CEO & Director (Age 62)
  • Mr. Christopher J. Del Moral-Niles CFA, Exec. VP & CFO (Age 48)
  • Mr. Randall J. Erickson, Exec. VP, Gen. Counsel & Corp. Sec. (Age 60)
  • Mr. David L. Stein, Madison Market Pres of Associated Bank (Age 56)
  • Mr. John A. Utz, Exec. VP, Head of Corp. Banking & Milwaukee Market Pres (Age 51)

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. (9.59%), Alliancebernstein L.P. (3.97%), Victory Capital Management Inc. (2.17%), Victory Capital Management Inc. (2.17%), Cramer Rosenthal Mcglynn LLC (2.05%) and Pzena Investment Management LLC (1.94%). 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 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 Nuveen Asset Management LLC, Morgan Stanley, First Trust Advisors LP, Victory Capital Management Inc., Victory Capital Management Inc., BlackRock Inc., Principal Financial Group Inc., and Alliancebernstein L.P.. Company insiders that have sold Associated Banc company stock in the last year include Christopher C Piotrowski, David L Stein, John A Utz, 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 Bessemer Group Inc., Pzena Investment Management LLC, Two Sigma Advisers LP, Parametric Portfolio Associates LLC, Foundry Partners LLC, Thrivent Financial for Lutherans, EJF Capital LLC, and Aperio Group LLC. Company insiders that have bought Associated Banc stock in the last two years include John B Williams, Michael T Crowley Jr, Moral-Niles Christopher Del, Nicole M Kitowski, Philip B Flynn, 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 $16.35.

How big of a company is Associated Banc?

Associated Banc has a market capitalization of $2.55 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 6/6/2020 by MarketBeat.com Staff

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