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NYSE:ASBAssociated Banc Stock Price, Forecast & News

$13.18
-0.16 (-1.20 %)
(As of 08/6/2020 04:00 PM ET)
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Today's Range
$13.14
Now: $13.18
$13.41
50-Day Range
$12.35
MA: $13.27
$15.18
52-Week Range
$10.23
Now: $13.18
$22.60
Volume936,493 shs
Average Volume1.11 million shs
Market Capitalization$2.06 billion
P/E Ratio6.19
Dividend Yield5.40%
Beta1.23
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: 1.9Community Rank: 1.9Dividend Strength: 2.5Insider Behavior: 4.0Valuation: 2.5 5 -4 -3 -2 -1 -

Overall Beat the Market Rank

2.57 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$2.76 per share
Book Value$23.49 per share

Profitability

Net Income$326.79 million

Miscellaneous

Employees4,669
Market Cap$2.06 billion
Next Earnings Date10/22/2020 (Estimated)
OptionableOptionable
$13.18
-0.16 (-1.20 %)
(As of 08/6/2020 04:00 PM ET)
30 days | 90 days | 365 days | Advanced Chart

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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 (COVID-19) reached pandemic status according to the World Health Organization. Since then, ASB stock has decreased by 1.1% and is now trading at $13.18.
View which stocks have been most impacted by Coronavirus
.

Do Wall Street analysts recommend investors buy shares of Associated Banc?

9 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Associated Banc in the last year. There are currently 1 sell rating and 8 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, October 22nd 2020.
View our earnings forecast for Associated Banc
.

How were Associated Banc's earnings last quarter?

Associated Banc Corp (NYSE:ASB) posted its quarterly earnings results on Thursday, July, 23rd. The bank reported $0.26 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.26. The bank had revenue of $448.34 million for the quarter, compared to the consensus estimate of $323.82 million. Associated Banc had a return on equity of 6.88% and a net margin of 21.70%.
View Associated Banc's earnings history
.

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

Associated Banc declared a quarterly dividend on Monday, July 27th. Investors of record on Tuesday, September 1st will be paid a dividend of $0.18 per share on Tuesday, September 15th. This represents a $0.72 dividend on an annualized basis and a dividend yield of 5.46%. The ex-dividend date of this dividend is Monday, August 31st.
View Associated Banc's dividend history
.

What price target have analysts set for ASB?

9 brokers have issued 1 year price objectives for Associated Banc's stock. Their forecasts range from $13.00 to $22.00. On average, they expect Associated Banc's share price to reach $16.14 in the next year. This suggests a possible upside of 22.5% from the stock's current price.
View analysts' price targets for Associated Banc
.

Has Associated Banc been receiving favorable news coverage?

News coverage about ASB stock has trended positive recently, InfoTrie Sentiment Analysis reports. The research group scores the sentiment of media coverage by analyzing more than six thousand news and blog 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 coverage optimism score of 2.1 on InfoTrie's scale. They also assigned news stories about the bank a news buzz of 0.0 out of 10, meaning that recent media coverage is extremely unlikely to have an effect on the company's share price in the near term.
View the latest news about Associated Banc
.

Are investors shorting Associated Banc?

Associated Banc saw a increase in short interest in July. As of July 31st, there was short interest totaling 2,060,000 shares, an increase of 9.0% from the July 15th total of 1,890,000 shares. Based on an average daily volume of 1,380,000 shares, the days-to-cover ratio is presently 1.5 days. Approximately 1.4% of the shares of the stock are short sold.
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 many different institutional and retail investors. Top institutional shareholders include LSV Asset Management (2.30%), Pzena Investment Management LLC (1.95%), Foundry Partners LLC (0.67%), Dalton Greiner Hartman Maher & Co. (0.56%), Principal Financial Group Inc. (0.48%) and First Trust Advisors LP (0.28%). 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 J Haddad, 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 First Trust Advisors LP, Foundry Partners LLC, Dalton Greiner Hartman Maher & Co., Stone Ridge Asset Management LLC, Public Employees Retirement Association of Colorado, Mutual of America Capital Management LLC, Texas Permanent School Fund, and Seizert Capital Partners LLC. Company insiders that have sold Associated Banc company stock in the last year include 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 purchased by a variety of institutional investors in the last quarter, including LSV Asset Management, SG Americas Securities LLC, UBS Group AG, Principal Financial Group Inc., Russell Investments Group Ltd., First Quadrant L P CA, Swiss National Bank, and Riverbridge Partners LLC. Company insiders that have bought Associated Banc stock in the last two years include John B Williams, Michael J Haddad, Michael T Crowley Jr, Moral-Niles Christopher Del, Nicole M Kitowski, Philip B Flynn, Timothy J Lau, 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 $13.18.

How big of a company is Associated Banc?

Associated Banc has a market capitalization of $2.06 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 8/7/2020 by MarketBeat.com Staff

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