Associated Banc (ASB) Stock Price, News & Analysis

Company Overview

Associated Banc-Corp, a bank holding company, provides various banking and nonbanking products to individuals and businesses in Wisconsin, Illinois, and Minnesota. The company offers lending solutions, including commercial loans and lines of credit, commercial real estate financing, construction loans, letters of credit, leasing, asset based lending and equipment finance, loan syndications products, residential mortgages, home equity loans and lines of credit, personal and installment loans, auto finance and business loans, and business lines of credit. It also provides 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 and foreign exchange solutions; fiduciary services, such as administration of pension, profit-sharing and other employee benefit plans, fiduciary and corporate agency services, and institutional asset management services; and investable funds solutions, including 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. In addition, the company offers deposit and transactional solutions, including checking, credit, debit and pre-paid cards, online banking and bill pay; and money transfer services. Associated Banc-Corp was founded in 1861 and is headquartered in Green Bay, Wisconsin.

Key Stats

• Today's Range: $21.68 to $22.08
• 50-Day Range: $20.07 to $23.96
• 52-Week Range: $15.16 to $24.21
• Volume: 3.14 million shs
• Average Volume: 1.35 million shs
• Market Capitalization: $3.27 billion
• P/E Ratio: 21.91
• Dividend Yield: 4.06%
• Price Target: $23.67
• Consensus Rating: Hold

Associated Banc Stock Analysis - MarketRank™

Associated Banc scored higher than 96% of companies evaluated by MarketBeat, and ranked 54th out of 903 stocks in the finance sector. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

Analyst's Opinion

• Score: 2.1 / 5
• Analyst Rating: Hold

Consensus Rating

Associated Banc has received a consensus rating of Hold. The company's average rating score is 2.10, and is based on 1 buy rating, 9 hold ratings, and no sell ratings.

Amount of Analyst Coverage

Associated Banc has been the subject of 8 research reports in the past 90 days, demonstrating strong analyst interest in this stock.

Earnings and Valuation

• Score: 3.1 / 5
• Proj. Earnings Growth: 12.08%

Earnings Growth

Earnings for Associated Banc are expected to grow by 12.08% in the coming year, from $2.07 to $2.32 per share.

Price to Earnings Ratio vs. the Market

The P/E ratio of Associated Banc is 21.91, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 136.80.

Price to Earnings Ratio vs. Sector

The P/E ratio of Associated Banc is 21.91, which means that it is trading at a less expensive P/E ratio than the Finance sector average P/E ratio of about 46.35.

Price to Earnings Growth Ratio

Associated Banc has a PEG Ratio of 2.24. PEG Ratios above 1 indicate that a company could be overvalued.

Price to Book Value per Share Ratio

Associated Banc has a P/B Ratio of 0.82. P/B Ratios below 1 indicate that a company could be undervalued with respect to its assets and liabilities.

Short Interest

• Score: 3.0 / 5
• Short Interest Level: Healthy

Percentage of Shares Shorted

4.48% of the float of Associated Banc has been sold short.

Short Interest Ratio / Days to Cover

Associated Banc has a short interest ratio ("days to cover") of 4.8.

Change versus previous month

Short interest in Associated Banc has recently decreased by 4.43%, indicating that investor sentiment is improving.

Dividend

• Score: 4.2 / 5
• Dividend Strength: Strong

Dividend Leadership

Associated Banc is a leading dividend payer. It pays a dividend yield of 4.30%, putting its dividend yield in the top 25% of dividend-paying stocks.

Dividend Growth

Associated Banc has been increasing its dividend for 12 years.

Dividend Coverage

The dividend payout ratio of Associated Banc is 88.89%. Payout ratios above 75% are not desirable because they may not be sustainable.

Dividend Sustainability

Based on earnings estimates, Associated Banc will have a dividend payout ratio of 37.93% next year. This indicates that Associated Banc will be able to sustain or increase its dividend.

Sustainability and ESG

• Score: 3.5 / 5
• Environmental Score: -0.29

Percentage of Shares Shorted

4.48% of the float of Associated Banc has been sold short.

Short Interest Ratio / Days to Cover

Associated Banc has a short interest ratio ("days to cover") of 4.8.

Change versus previous month

Short interest in Associated Banc has recently decreased by 4.43%, indicating that investor sentiment is improving.

News and Social Media

• Score: 1.8 / 5
• News Sentiment: 0.21

News Sentiment

Associated Banc has a news sentiment score of 0.21. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a lower news sentiment than the 0.64 average news sentiment score of Finance companies.

News Coverage This Week

MarketBeat has tracked 8 news articles for Associated Banc this week, compared to 4 articles on an average week.

Company Ownership

• Score: 2.5 / 5
• Insider Trading: Selling Shares

Insider Buying vs. Insider Selling

In the past three months, Associated Banc insiders have sold more of their company's stock than they have bought. Specifically, they have bought $0.00 in company stock and sold $757,214.00 in company stock.

Percentage Held by Insiders

Only 1.45% of the stock of Associated Banc is held by insiders.

Percentage Held by Institutions

82.98% of the stock of Associated Banc is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

ASB Stock Analysis - Frequently Asked Questions

How have ASB shares performed this year?

Associated Banc's stock was trading at $21.39 on January 1st, 2024. Since then, ASB stock has increased by 1.4% and is now trading at $21.69.
View the best growth stocks for 2024 here.

How were Associated Banc's earnings last quarter?

Associated Banc-Corp (NYSE:ASB) issued its quarterly earnings results on Thursday, July, 25th. The bank reported $0.52 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.52. The company's revenue for the quarter was down .5% on a year-over-year basis.

Who are Associated Banc's major shareholders?

Associated Banc's top institutional shareholders include Dimensional Fund Advisors LP (7.18%), LSV Asset Management (2.66%), Allspring Global Investments Holdings LLC (1.76%) and Pzena Investment Management LLC (1.66%). Insiders that own company stock include Andrew J Harmening, Randall J Erickson, John A Utz, David L Stein, John B Williams, Tammy C Stadler, Lith Karen Van, Eileen A Kamerick, R Jay Gerken, Nicole M Kitowski, Michael J Haddad, Matthew R Braeger, John P Thayer, Moral-Niles Christopher Del, Timothy J Lau, John F Bergstrom and Michael Meinolf.
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 Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

What other stocks do shareholders of Associated Banc own?

Based on aggregate information from My MarketBeat watchlists, some other companies that Associated Banc investors own include Invesco (IVZ), Bank of America (BAC), Intelsat (I), Fossil Group (FOSL), AK Steel (AKS), China Unicom (Hong Kong) (CHU) and Exxon Mobil (XOM).

Company Calendar

• Last Earnings: 7/25/2024
• Ex-Dividend for 9/16 Dividend: 9/03/2024
• Dividend Payable: 9/16/2024
• Today: 9/20/2024
• Next Earnings (Estimated): 10/17/2024
• Fiscal Year End: 12/31/2024

Industry, Sector and Symbol

• Stock Exchange: NYSE
• Sector: Finance
• Industry: State commercial banks
• Sub-Industry: Banking
• Current Symbol: NYSE:ASB
• Previous Symbol: NASDAQ:ASBC
• CUSIP: N/A
• CIK: 7789
• Web: www.associatedbank.com
• Phone: (920) 491-7500
• Fax: 920-433-3261
• Employees: 4,100
• Year Founded: N/A

Price Target and Rating

• Average Stock Price Target: $23.67
• High Stock Price Target: $25.00
• Low Stock Price Target: $22.00
• Potential Upside/Downside: +9.1%
• Consensus Rating: Hold
• Rating Score (0-4): 2.10
• Research Coverage: 10 Analysts

Profitability

• EPS (Most Recent Fiscal Year): $0.99
• Trailing P/E Ratio: 21.91
• Forward P/E Ratio: 10.48
• P/E Growth: 2.24
• Net Income: $182.96 million
• Net Margins: 7.93%
• Pretax Margin: 7.18%
• Return on Equity: 8.14%
• Return on Assets: 0.78%

Debt

• Debt-to-Equity Ratio: 0.79
• Current Ratio: 0.89
• Quick Ratio: 0.89

Sales & Book Value

• Annual Sales: $1.08 billion
• Price / Sales: 3.02
• Cash Flow: $3.31 per share
• Price / Cash Flow: 6.55
• Book Value: $26.37 per share
• Price / Book: 0.82

Miscellaneous

• Outstanding Shares: 150,803,000
• Free Float: 148,616,000
• Market Cap: $3.27 billion
• Optionable: Optionable
• Beta: 0.93