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NYSE:ASB

Associated Banc - ASB Stock Forecast, Price & News

$22.54
+0.37 (+1.67%)
(As of 01/26/2023 12:00 AM ET)
Add
Compare
Today's Range
$22.11
$22.57
50-Day Range
$21.80
$24.71
52-Week Range
$17.45
$25.78
Volume
1.62 million shs
Average Volume
1.33 million shs
Market Capitalization
$3.39 billion
P/E Ratio
10.53
Dividend Yield
3.79%
Price Target
$23.80

Associated Banc MarketRank™ Forecast

Analyst Rating
Hold
2.33 Rating Score
Upside/​Downside
5.6% Upside
$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
1.08mentions of Associated Banc in the last 14 days
Based on 6 Articles This Week
Insider Trading
Selling Shares
$561,864 Sold Last Quarter
Proj. Earnings Growth
3.49%
From $2.29 to $2.37 Per Share

Overall MarketRank

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

2.26 out of 5 stars

Finance Sector

451st out of 891 stocks

State Commercial Banks Industry

104th out of 188 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

Become an Investor in Brooklyn Gin
Award winning super-premium craft gin and upcoming Brooklyn distillerypixel
Is This The End of Capitalism?
EXPOSED: The establishment plot to disenfranchise and impoverish millions of Americans…
Riverview Bancorp (RVSB) Stock Gains 1.2% on Buyback Plan
Earnings Preview: Associated Banc
See More Headlines
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ASB Company Calendar

Last Earnings
10/20/2021
Ex-Dividend for 12/15 Dividend
11/30/2022
Dividend Payable
12/15/2022
Today
1/26/2023
Next Earnings (Confirmed)
1/26/2023
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
+5.6%
Consensus Rating
Hold
Rating Score (0-4)
2.33
Research Coverage
3 Analysts

Profitability

Net Income
$350.99 million
Pretax Margin
33.20%

Debt

Sales & Book Value

Annual Sales
$1.13 billion
Cash Flow
$3.21 per share
Book Value
$25.53 per share

Miscellaneous

Free Float
145,788,000
Market Cap
$3.39 billion
Optionable
Optionable
Beta
1.02

Key Executives

  • Mr. Andrew J. HarmeningMr. Andrew J. Harmening (Age 54)
    Pres, CEO & Director
    Comp: $2.16M
  • Mr. Randall J. Erickson (Age 64)
    Exec. VP, Gen. Counsel & Corp. Sec.
    Comp: $832.46k
  • Mr. David L. SteinMr. David L. Stein (Age 60)
    Exec. VP, Head of Consumer & Bus. Banking and Madison Market Pres
    Comp: $786.94k
  • Mr. John Anthony Utz (Age 55)
    Exec. VP, Head of Corp. Banking & Milwaukee Market Pres
    Comp: $854.01k
  • Mr. Derek S. Meyer (Age 56)
    Exec. VP & CFO
  • Ms. Tammy C. Stadler (Age 57)
    Exec. VP, Corp. Controller & Chief Accounting Officer
  • Ben McCarville
    VP & Director of Investor Relations
  • Mr. Anthony Philip Pecora
    Sr. VP, Director of Compliance & Associated Investment Services
  • Jennifer Kaminski
    VP & PR Sr. Mang.
  • Mr. Bryan Carson (Age 53)
    Exec. VP, Chief Product & Marketing Officer













ASB Stock - Frequently Asked Questions

Should I buy or sell Associated Banc stock right now?

3 Wall Street research 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 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.
View ASB analyst ratings
or view top-rated stocks.

What is Associated Banc's stock price forecast for 2023?

3 equities research analysts have issued 12-month price objectives for Associated Banc's shares. Their ASB share price forecasts range from $20.00 to $28.00. On average, they predict the company's stock price to reach $23.80 in the next twelve months. This suggests a possible upside of 6.0% from the stock's current price.
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 on January 1st, 2023. Since then, ASB shares have decreased by 2.8% and is now trading at $22.45.
View the best growth stocks for 2023 here
.

Are investors shorting Associated Banc?

Associated Banc saw a increase in short interest in the month of 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 shares 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, January 26th 2023.
View our ASB earnings forecast
.

How can I listen to Associated Banc's earnings call?

Associated Banc will be holding an earnings conference call on Thursday, January 26th at 5:00 PM Eastern. Interested parties can register for or listen to the call using this link.

How were Associated Banc's earnings last quarter?

Associated Banc-Corp (NYSE:ASB) issued its quarterly earnings data on Wednesday, October, 20th. The bank reported $0.56 earnings per share for the quarter, beating the consensus estimate of $0.44 by $0.12. The bank earned $269.92 million during the quarter, compared to analysts' expectations of $264.17 million. Associated Banc had a trailing twelve-month return on equity of 8.85% and a net margin of 26.57%. During the same quarter in the previous year, the business posted $0.24 earnings per share.

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

Associated Banc announced a quarterly dividend on Tuesday, October 25th. Investors of record on Thursday, December 1st will be given a dividend of $0.21 per share on Thursday, December 15th. This represents a $0.84 annualized dividend and a dividend yield of 3.74%. The ex-dividend date is Wednesday, November 30th. This is a positive change from the stock's previous quarterly dividend of $0.20.
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 3.79%. 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 39.25%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, ASB will have a dividend payout ratio of 35.44% 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 institutional and retail investors. Top institutional investors include Allspring Global Investments Holdings LLC (1.55%), Peregrine Capital Management LLC (0.31%), Legacy Private Trust Co. (0.20%), Hennessy Advisors Inc. (0.15%), Gateway Investment Advisers LLC (0.13%) and Schaper Benz & Wise Investment Counsel Inc. WI (0.06%). 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 Hankerd, 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 $22.45.

How much money does Associated Banc make?

Associated Banc (NYSE:ASB) has a market capitalization of $3.38 billion and generates $1.13 billion in revenue each year. The bank earns $350.99 million in net income (profit) each year or $2.14 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 1/27/2023 by MarketBeat.com Staff