Associated Banc - ASB Stock Forecast, Price & News

Associated Banc-Corp, a bank holding company, provides various banking and nonbanking products to individuals and businesses in Wisconsin, Illinois, and Minnesota. The company operates through three segments: Corporate and Commercial Specialty; Community, Consumer, and Business; and Risk Management and Shared Services. Its Corporate and Commercial Specialty segment offers 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; 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; specialized financial services such as interest rate risk management, foreign exchange solutions, and commodity hedging; fiduciary services such as administration of pension, profit-sharing and other employee benefit plans, fiduciary and corporate agency services, and institutional asset management; and investable funds solutions such as savings, money market deposit accounts, IRA accounts, CDs, fixed and variable annuities, full-service, discount and online investment brokerage; investment advisory services; and trust and investment management accounts. The company's Community, Consumer, and Business segment offers lending solutions, such as residential mortgages, home equity loans and lines of credit, personal and installment loans, auto loans, business loans, and business lines of credit; and deposit and transactional solutions such as checking, credit, debit and pre-paid cards, online banking and bill pay; and money transfer services. As of December 31, 2021, the company operated 215 banking branches. Associated Banc-Corp was founded in 1861 and is headquartered in Green Bay, Wisconsin.

Analyst Upgrades and Downgrades

A number of brokerages have commented on ASB. Wells Fargo & Company raised their price objective on Associated Banc to $28.00 in a research report on Friday, July 22nd. Piper Sandler cut their price target on Associated Banc from $26.00 to $24.00 and set a "neutral" rating for the company in a research note on Friday, April 22nd. Jefferies Financial Group cut their price target on Associated Banc from $23.00 to $20.00 in a research note on Monday, July 11th. Finally, Stephens raised their price target on Associated Banc to $22.00 in a research note on Monday, July 25th. One analyst has rated the stock with a sell rating, four have given a hold rating and one has given a buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of "Hold" and a consensus price target of $23.50.

Associated Banc Price Performance

ASB Stock traded up $0.41 during trading on Friday, hitting $20.35. The company had a trading volume of 939,589 shares, compared to its average volume of 1,306,531. The company has a fifty day moving average price of $19.27 and a two-hundred day moving average price of $21.43. The company has a current ratio of 0.92, a quick ratio of 0.91 and a debt-to-equity ratio of 0.93. The company has a market cap of $3.06 billion, a P/E ratio of 9.78, a P/E/G ratio of 1.21 and a beta of 1.07. Associated Banc has a fifty-two week low of $17.45 and a fifty-two week high of $25.78.

Associated Banc (NYSE:ASB - Get Rating) last released its earnings results on Thursday, July 21st. The bank reported $0.56 earnings per share for the quarter, topping analysts' consensus estimates of $0.44 by $0.12. Associated Banc had a return on equity of 8.63% and a net margin of 28.30%. During the same quarter in the prior year, the company earned $0.56 earnings per share. Equities research analysts expect that Associated Banc will post 2.1 earnings per share for the current fiscal year.

Associated Banc Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, September 15th. Investors of record on Thursday, September 1st will be issued a $0.20 dividend. The ex-dividend date is Wednesday, August 31st. This represents a $0.80 dividend on an annualized basis and a yield of 3.93%. Associated Banc's dividend payout ratio is presently 38.46%.