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NYSE:ASB - Associated Banc Stock Price, Forecast & News

$12.69
-0.61 (-4.59 %)
(As of 03/29/2020 02:19 AM ET)
Today's Range
$12.45
Now: $12.69
$13.14
50-Day Range
$10.85
MA: $16.61
$20.57
52-Week Range
$10.23
Now: $12.69
$23.26
Volume1.38 million shs
Average Volume2.24 million shs
Market Capitalization$1.98 billion
P/E Ratio6.64
Dividend Yield5.41%
Beta1.2
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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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$2.67 per share
Book Value$23.00 per share

Profitability

Net Income$326.79 million

Miscellaneous

Employees4,669
Market Cap$1.98 billion
Next Earnings Date4/23/2020 (Confirmed)
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. Since then, ASB shares have decreased by 4.8% and is now trading at $12.69. View which stocks have been mosted impacted by Coronavirus.

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

7 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Associated Banc in the last year. There are currently 2 sell ratings and 5 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, April 23rd 2020. View our earnings forecast for Associated Banc.

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

Associated Banc will be holding an earnings conference call on Thursday, April 23rd at 12:00 AM Eastern. Interested parties can register for or listen to the call using this link or dial in at Not Available.

How were Associated Banc's earnings last quarter?

Associated Banc Corp (NYSE:ASB) announced its quarterly earnings data on Thursday, January, 23rd. The bank reported $0.45 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.41 by $0.04. The bank earned $293.08 million during the quarter, compared to analysts' expectations of $297.30 million. Associated Banc had a net margin of 20.79% and a return on equity of 9.17%. During the same period in the previous year, the firm earned $0.51 EPS. 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 Wednesday, February 5th. Stockholders of record on Monday, March 2nd will be paid a dividend of $0.18 per share on Monday, March 16th. This represents a $0.72 annualized dividend and a yield of 5.67%. The ex-dividend date of this dividend is Friday, February 28th. View Associated Banc's dividend history.

What price target have analysts set for ASB?

7 analysts have issued 1-year price targets for Associated Banc's shares. Their forecasts range from $19.00 to $22.00. On average, they expect Associated Banc's stock price to reach $21.00 in the next twelve months. This suggests a possible upside of 65.5% from the stock's current price. View analysts' price targets for Associated Banc.

Has Associated Banc been receiving favorable news coverage?

Media coverage about ASB stock has been trending negative on Sunday, according to InfoTrie Sentiment. The research firm identifies negative and positive news coverage by reviewing more than six thousand blog and news sources in real time. The firm ranks coverage of publicly-traded companies on a scale of negative five to five, with scores nearest to five being the most favorable. Associated Banc earned a news impact score of -2.1 on InfoTrie's scale. They also gave news articles about the bank a news buzz of 0.0 out of 10, indicating that recent news coverage is extremely unlikely to have an effect on the stock's share price in the near future. View the latest news aboutAssociated Banc.

Are investors shorting Associated Banc?

Associated Banc saw a increase in short interest in the month of February. As of February 28th, there was short interest totaling 3,090,000 shares, an increase of 27.7% from the February 13th total of 2,420,000 shares. Based on an average daily trading volume, of 1,220,000 shares, the short-interest ratio is presently 2.5 days. Currently, 2.0% of the company's 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 a variety of institutional and retail investors. Top institutional shareholders include Alliancebernstein L.P. (4.07%), State Street Corp (3.44%), Victory Capital Management Inc. (2.34%), Victory Capital Management Inc. (2.29%), FMR LLC (2.27%) and Cramer Rosenthal Mcglynn LLC (1.99%). Company insiders that own Associated Banc stock include Christopher C Piotrowski, David L Stein, John A Utz, John B Williams, John P Hankerd, Judith M Docter, 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 Prudential Financial Inc., State Street Corp, FMR LLC, Cramer Rosenthal Mcglynn LLC, Man Group plc, Mairs & Power INC, Victory Capital Management Inc., and Renaissance Technologies LLC. 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, Lith Karen Van, Moral-Niles Christopher Del, Philip B Flynn, 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 Norges Bank, Alliancebernstein L.P., Heartland Advisors Inc., Pzena Investment Management LLC, Peregrine Capital Management LLC, Bank of New York Mellon Corp, LSV Asset Management, and AQR Capital Management 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 $12.69.

How big of a company is Associated Banc?

Associated Banc has a market capitalization of $1.98 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. View additional information about Associated Banc.

What is Associated Banc's official website?

The official website for Associated Banc is http://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]


MarketBeat Community Rating for Associated Banc (NYSE ASB)

Community Ranking:  1.9 out of 5 (star)
Outperform Votes:  230 (Vote Outperform)
Underperform Votes:  360 (Vote Underperform)
Total Votes:  590
MarketBeat's community ratings are surveys of what our community members think about Associated Banc and other stocks. Vote "Outperform" if you believe ASB will outperform the S&P 500 over the long term. Vote "Underperform" if you believe ASB will underperform the S&P 500 over the long term. You may vote once every thirty days.
This page was last updated on 3/29/2020 by MarketBeat.com Staff

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