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, larger 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, which are key shared functions. The company was founded in 1964 and is headquartered in Green Bay, WI.
Industry, Sector and Symbol
Stock Exchange NYSE
Industry State commercial banks
Sub-IndustryN/A
SectorFinance
Current SymbolNYSE:ASB
Previous SymbolNASDAQ:ASBC
CUSIPN/A
Phone(920) 491-7500
Debt
Debt-to-Equity Ratio1.17
Current Ratio0.92
Quick Ratio0.91
Price-To-Earnings
Trailing P/E Ratio13.68
Forward P/E Ratio10.45
P/E Growth1.55
Sales & Book Value
Annual Sales$1.22 billion
Price / Sales2.83
Cash Flow$2.2683 per share
Price / Cash Flow9.17
Book Value$20.14 per share
Price / Book1.03
Profitability
EPS (Most Recent Fiscal Year)$1.52
Net Income$229.26 million
Net Margins20.53%
Return on Equity9.44%
Return on Assets0.99%
Miscellaneous
Employees4,388
Outstanding Shares165,780,000
Market Cap$3.59 billion
OptionableOptionable
Associated Banc (NYSE:ASB) Frequently Asked Questions
What is Associated Banc's stock symbol?
Associated Banc trades on the New York Stock Exchange (NYSE) under the ticker symbol "ASB."
How often does Associated Banc pay dividends? What is the dividend yield for Associated Banc?
Associated Banc declared a quarterly dividend on Wednesday, October 24th. Shareholders of record on Monday, December 3rd will be given a dividend of $0.17 per share on Monday, December 17th. This represents a $0.68 annualized dividend and a yield of 3.27%. The ex-dividend date of this dividend is Friday, November 30th. This is an increase from Associated Banc's previous quarterly dividend of $0.15. View Associated Banc's Dividend History.
How were Associated Banc's earnings last quarter?
Associated Banc Corp (NYSE:ASB) issued its quarterly earnings results on Thursday, October, 18th. The bank reported $0.49 EPS for the quarter, hitting the consensus estimate of $0.49. The bank earned $307.69 million during the quarter, compared to the consensus estimate of $321.04 million. Associated Banc had a return on equity of 9.44% and a net margin of 20.53%. During the same quarter in the previous year, the firm earned $0.34 EPS. View Associated Banc's Earnings History.
When is Associated Banc's next earnings date?
What price target have analysts set for ASB?
9 brokers have issued 12-month target prices for Associated Banc's shares. Their forecasts range from $25.00 to $30.00. On average, they anticipate Associated Banc's share price to reach $27.3333 in the next twelve months. This suggests a possible upside of 31.4% from the stock's current price. View Analyst Price Targets for Associated Banc.
What is the consensus analysts' recommendation for Associated Banc?
9 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Associated Banc in the last year. There are currently 8 hold ratings and 1 buy rating for the stock, resulting in a consensus recommendation of "Hold." View Analyst Ratings for Associated Banc.
Has Associated Banc been receiving favorable news coverage?
Press coverage about ASB stock has trended somewhat positive recently, InfoTrie Sentiment reports. The research group ranks the sentiment of press coverage by monitoring more than six thousand blog and news sources. The firm ranks coverage of publicly-traded companies on a scale of negative five to five, with scores closest to five being the most favorable. Associated Banc earned a news sentiment score of 1.1 on InfoTrie's scale. They also gave news articles about the bank a news buzz of 10.0 out of 10, indicating that recent press coverage is extremely likely to have an effect on the company's share price in the near future.
Are investors shorting Associated Banc?
Associated Banc saw a decrease in short interest in October. As of October 31st, there was short interest totalling 2,950,618 shares, a decrease of 41.8% from the October 15th total of 5,070,403 shares. Based on an average daily trading volume, of 1,924,876 shares, the days-to-cover ratio is currently 1.5 days. Approximately 1.7% of the shares of the stock are sold short. View Associated Banc's Current Options Chain.
Who are some of Associated Banc's key competitors?
Some companies that are related to Associated Banc include SVB Financial Group (SIVB), East West Bancorp (EWBC), Commerce Bancshares (CBSH), Signature Bank (SBNY), Popular (BPOP), First Citizens BancShares (FCNCA), Prosperity Bancshares (PB), Western Alliance Bancorporation (WAL), Investors Bancorp (ISBC), First Financial Bankshares (FFIN), Wintrust Financial (WTFC), IBERIABANK (IBKC), Glacier Bancorp (GBCI), United Bankshares (UBSI) and First Hawaiian (FHB).
Who are Associated Banc's key executives?
Associated Banc's management team includes the folowing people:
- Phil Flynn, President, Chief Executive Officer & Director
- Christopher J. Del Moral-Niles, Chief Financial Officer & Executive Vice President
- Michael O. Meinolf, Chief Information Officer & Executive VP
- Judith M. Docter, Chief Human Resources Officer & Executive VP
- Nicole M. Kitowski, Chief Risk Officer & Executive Vice President
Who are Associated Banc's major shareholders?
Associated Banc's stock is owned by many different of retail and institutional investors. Top institutional investors include Vanguard Group Inc. (9.33%), BlackRock Inc. (9.02%), Dimensional Fund Advisors LP (6.26%), Victory Capital Management Inc. (2.97%), JPMorgan Chase & Co. (2.69%) and Alliancebernstein L.P. (2.46%). Company insiders that own Associated Banc stock include Breck F Hanson, Christopher C Piotrowski, David L Stein, Eileen A Kamerick, James Yee, John A Utz, John P Hankerd, Judith M Docter, Moral-Niles Christopher Del, Nicole M Kitowski, Philip B Flynn, Robert A Jeffe, Scott Hickey, 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, FMR LLC, Alliancebernstein L.P., Renaissance Technologies LLC, Deutsche Bank AG, Dimensional Fund Advisors LP, Hsbc Holdings PLC and Maltese Capital Management 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, Judith M Docter, Moral-Niles Christopher Del, Nicole M Kitowski, Philip B Flynn, Tammy C Stadler, Timothy J Lau, William M Bohn and William R Hutchinson. View Insider Buying and Selling for Associated Banc.
Which institutional investors are buying Associated Banc stock?
ASB stock was bought by a variety of institutional investors in the last quarter, including Prudential Financial Inc., JPMorgan Chase & Co., BlackRock Inc., Matarin Capital Management LLC, Vanguard Group Inc., Panagora Asset Management Inc., AQR Capital Management LLC and Allianz Asset Management GmbH. Company insiders that have bought Associated Banc stock in the last two years include Moral-Niles Christopher Del, Nicole M Kitowski, Philip B Flynn and William R Hutchinson. View Insider Buying and Selling 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, Scottrade, Fidelity and Charles Schwab.
What is Associated Banc's stock price today?
One share of ASB stock can currently be purchased for approximately $20.80.
How big of a company is Associated Banc?
Associated Banc has a market capitalization of $3.59 billion and generates $1.22 billion in revenue each year. The bank earns $229.26 million in net income (profit) each year or $1.52 on an earnings per share basis. Associated Banc employs 4,388 workers across the globe.
What is Associated Banc's official website?
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)
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.
