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Associated Banc (ASB) Stock Price, News & Analysis

$23.16
+0.26 (+1.14%)
(As of 10/17/2024 ET)

About Associated Banc Stock (NYSE:ASB)

Key Stats

Today's Range
$22.82
$23.22
50-Day Range
$20.35
$23.16
52-Week Range
$15.16
$24.21
Volume
1.06 million shs
Average Volume
1.32 million shs
Market Capitalization
$3.49 billion
P/E Ratio
19.80
Dividend Yield
3.80%
Price Target
$23.78
Consensus Rating
Hold

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.

Associated Banc Stock Analysis - MarketRank™

See Top Rated MarketRank™ Stocks
98th Percentile Overall Score

ASB MarketRank™: 

Associated Banc scored higher than 98% of companies evaluated by MarketBeat, and ranked 27th out of 909 stocks in the finance sector. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

  • 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 6 research reports in the past 90 days, demonstrating strong analyst interest in this stock.

  • Read more about Associated Banc's stock forecast and price target.
  • Earnings Growth

    Earnings for Associated Banc are expected to grow by 9.71% in the coming year, from $2.06 to $2.26 per share.

  • Price to Earnings Ratio vs. the Market

    The P/E ratio of Associated Banc is 19.80, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 133.34.

  • Price to Earnings Ratio vs. Sector

    The P/E ratio of Associated Banc is 19.80, which means that it is trading at a less expensive P/E ratio than the Finance sector average P/E ratio of about 46.95.

  • Price to Earnings Growth Ratio

    Associated Banc has a PEG Ratio of 1.66. 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 0.88. P/B Ratios below 1 indicate that a company could be undervalued with respect to its assets and liabilities.

  • Read more about Associated Banc's valuation and earnings.
  • Percentage of Shares Shorted

    3.65% 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.
  • Change versus previous month

    Short interest in Associated Banc has recently decreased by 20.06%, indicating that investor sentiment is improving significantly.
  • Dividend Leadership

    Associated Banc is a leading dividend payer. It pays a dividend yield of 3.98%, 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 38.94% next year. This indicates that Associated Banc will be able to sustain or increase its dividend.

  • Read more about Associated Banc's dividend.
  • Percentage of Shares Shorted

    3.65% 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.
  • Change versus previous month

    Short interest in Associated Banc has recently decreased by 20.06%, indicating that investor sentiment is improving significantly.
  • News Sentiment

    Associated Banc has a news sentiment score of 0.71. 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 news sentiment score is similar to the average news sentiment of Finance companies.
  • News Coverage This Week

    MarketBeat has tracked 3 news articles for Associated Banc this week, compared to 4 articles on an average week.
  • Search Interest

    2 people have searched for ASB on MarketBeat in the last 30 days.
  • MarketBeat Follows

    1 people have added Associated Banc to their MarketBeat watchlist in the last 30 days.
  • 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.

  • Read more about Associated Banc's insider trading history.
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ASB Stock News Headlines

Brokerages Set Associated Banc-Corp (NYSE:ASB) PT at $23.78
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See More Headlines

ASB Stock Analysis - Frequently Asked Questions

Associated Banc's stock was trading at $21.39 at the beginning of the year. Since then, ASB shares have increased by 8.3% and is now trading at $23.16.
View the best growth stocks for 2024 here
.

Associated Banc-Corp (NYSE:ASB) released its quarterly earnings data on Thursday, July, 25th. The bank reported $0.52 earnings per share for the quarter, hitting analysts' consensus estimates of $0.52. The business's quarterly revenue was down .5% compared to the same quarter last year.

Top institutional investors of Associated Banc include SG Americas Securities LLC (0.04%), Trust Point Inc. (0.03%), Creative Planning (0.02%) and Kowal Investment Group LLC (0.01%). 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
.

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.

Based on aggregate information from My MarketBeat watchlists, some other companies that Associated Banc investors own include NVIDIA (NVDA), Meta Platforms (META), Broadcom (AVGO), Advanced Micro Devices (AMD), Adobe (ADBE), General Electric (GE) and ServiceNow (NOW).

Company Calendar

Last Earnings
7/25/2024
Ex-Dividend for 9/16 Dividend
9/03/2024
Dividend Payable
9/16/2024
Today
10/17/2024
Next Earnings (Confirmed)
10/24/2024
Fiscal Year End
12/31/2024

Industry, Sector and Symbol

Sector
Finance
Industry
State commercial banks
Sub-Industry
Banking
Previous Symbol
NASDAQ:ASBC
CIK
7789
Employees
4,100
Year Founded
N/A

Price Target and Rating

Average Stock Price Target
$23.78
High Stock Price Target
$25.00
Low Stock Price Target
$22.00
Potential Upside/Downside
+2.7%
Consensus Rating
Hold
Rating Score (0-4)
2.10
Research Coverage
10 Analysts

Profitability

Net Income
$182.96 million
Pretax Margin
7.18%

Debt

Sales & Book Value

Annual Sales
$1.08 billion
Cash Flow
$3.42 per share
Book Value
$26.37 per share

Miscellaneous

Free Float
148,713,000
Market Cap
$3.49 billion
Optionable
Optionable
Beta
0.93
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This page (NYSE:ASB) was last updated on 10/17/2024 by MarketBeat.com Staff
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