Associated Banc - ASB Stock Forecast, Price & News

3 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Associated Banc in the last twelve months. There are currently 3 hold ratings for the stock. The consensus among Wall Street equities 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.
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3 equities research analysts have issued 1-year price targets for Associated Banc's shares. Their ASB share price forecasts range from $20.00 to $28.00. On average, they anticipate the company's share price to reach $23.50 in the next year. This suggests a possible upside of 31.2% 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 22.4% and is now trading at $17.91.
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Associated Banc saw a decline in short interest in the month of February. As of February 15th, there was short interest totaling 5,120,000 shares, a decline of 10.6% from the January 31st total of 5,730,000 shares. Based on an average daily trading volume, of 1,260,000 shares, the days-to-cover ratio is currently 4.1 days. Approximately 3.5% of the company's stock are short sold.
View Associated Banc's Short Interest.

The company is scheduled to release its next quarterly earnings announcement on Thursday, April 20th 2023.
View our ASB earnings forecast.

Associated Banc-Corp (NYSE:ASB) released its quarterly earnings data on Thursday, January, 26th. The bank reported $0.70 EPS for the quarter, topping analysts' consensus estimates of $0.65 by $0.05. The bank had revenue of $452.94 million for the quarter, compared to the consensus estimate 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 quarter in the prior year, the business earned $0.49 earnings per share.

Associated Banc announced a quarterly dividend on Wednesday, February 1st. Shareholders of record on Wednesday, March 1st will be paid a dividend of $0.21 per share on Wednesday, March 15th. This represents a $0.84 annualized dividend and a yield of 4.69%. The ex-dividend date is Tuesday, February 28th.
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), Invesco High Yield Equity Dividend Achievers ETF (PEY), SPDR S&P Regional Banking ETF (KRE), SPDR S&P Bank ETF (KBE), VictoryShares US Small Cap High Div Volatility Wtd ETF (CSB), Direxion Daily Regional Banks Bull 3x Shares (DPST) and Invesco S&P MidCap Value with Momentum ETF (XMVM).

Associated Banc (NYSE:ASB) pays an annual dividend of $0.84 per share and currently has a dividend yield of 4.42%. 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 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 33.87% 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 many different retail and institutional investors. Top institutional investors include Dimensional Fund Advisors LP (7.21%), Pzena Investment Management LLC (2.07%), Alliancebernstein L.P. (1.86%), Geode Capital Management LLC (1.84%), LSV Asset Management (1.72%) and Associated Banc Corp (1.72%). 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, 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 $17.91.

Associated Banc (NYSE:ASB) has a market capitalization of $2.70 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.

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.