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
Phone920-491-7500
Debt
Debt-to-Equity Ratio1.17
Current Ratio0.92
Quick Ratio0.91
Price-To-Earnings
Trailing P/E Ratio13.55
Forward P/E Ratio10.35
P/E Growth1.53
Sales & Book Value
Annual Sales$1.22 billion
Price / Sales2.80
Cash Flow$2.2813 per share
Price / Cash Flow9.03
Book Value$20.14 per share
Price / Book1.02
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$3.53 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. Stockholders of record on Monday, December 3rd will be paid a dividend of $0.17 per share on Monday, December 17th. This represents a $0.68 dividend on an annualized basis and a dividend yield of 3.30%. The ex-dividend date of this dividend is Friday, November 30th. This is a positive change 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) announced its quarterly earnings results on Thursday, October, 18th. The bank reported $0.49 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.49. The bank had revenue of $307.69 million for the quarter, compared to analysts' expectations of $321.04 million. Associated Banc had a net margin of 20.53% and a return on equity of 9.44%. During the same period 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 equities research analysts have issued 1 year price objectives for Associated Banc's stock. Their forecasts range from $25.00 to $30.00. On average, they anticipate Associated Banc's stock price to reach $27.3333 in the next year. This suggests a possible upside of 32.7% 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?
News stories about ASB stock have trended somewhat positive recently, InfoTrie Sentiment Analysis reports. InfoTrie identifies positive and negative press coverage by reviewing more than six thousand news and blog sources in real-time. The firm ranks coverage of companies on a scale of negative five to positive five, with scores nearest to five being the most favorable. Associated Banc earned a coverage optimism score of 0.7 on InfoTrie's scale. They also assigned media headlines about the bank a news buzz of 1.0 out of 10, indicating that recent press coverage is extremely unlikely to have an effect on the company's share price in the near term.
Are investors shorting Associated Banc?
Associated Banc saw a drop in short interest in October. As of October 31st, there was short interest totalling 2,950,618 shares, a drop of 41.8% from the October 15th total of 5,070,403 shares. Based on an average trading volume of 1,924,876 shares, the short-interest ratio is currently 1.5 days. Currently, 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), First Financial Bankshares (FFIN), Investors Bancorp (ISBC), 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 a variety of of institutional and retail investors. Top institutional investors include Vanguard Group Inc. (9.33%), Vanguard Group Inc (9.33%), BlackRock Inc. (9.02%), Dimensional Fund Advisors LP (6.26%), Victory Capital Management Inc. (2.97%) and JPMorgan Chase & Co. (2.69%). 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, 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 purchased 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, Vanguard Group Inc., Panagora Asset Management Inc. and AQR Capital Management LLC. 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 $20.60.
How big of a company is Associated Banc?
Associated Banc has a market capitalization of $3.53 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.
