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: $23.44 to $24.28
• 50-Day Range: $21.89 to $28.15
• 52-Week Range: $19.40 to $28.18
• Volume: 3.32 million shs
• Average Volume: 1.46 million shs
• Market Capitalization: $3.63 billion
• P/E Ratio: 19.99
• Dividend Yield: 3.83%
• Price Target: $26.00
• Consensus Rating: Hold

Associated Banc Stock Analysis - MarketRank™

Associated Banc scored higher than 95% of companies evaluated by MarketBeat, and ranked 74th out of 937 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 5 research reports in the past 90 days, demonstrating strong analyst interest in this stock.

Earnings and Valuation

• Score: 2.5 / 5
• Proj. Earnings Growth: 6.10%

Earnings Growth

Earnings for Associated Banc are expected to grow by 6.10% in the coming year, from $2.13 to $2.26 per share.

Price to Earnings Ratio vs. the Market

The P/E ratio of Associated Banc is 19.99, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 128.72.

Price to Earnings Ratio vs. Sector

The P/E ratio of Associated Banc is 19.99, which means that it is trading at a less expensive P/E ratio than the Finance sector average P/E ratio of about 46.86.

Price to Earnings Growth Ratio

Associated Banc has a PEG Ratio of 1.90. 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 0.91. P/B Ratios below 1 indicate that a company could be undervalued with respect to its assets and liabilities.

Short Interest

• Score: 4.0 / 5
• Short Interest Level: Healthy

Percentage of Shares Shorted

2.19% of the outstanding shares of Associated Banc have been sold short.

Short Interest Ratio / Days to Cover

Associated Banc has a short interest ratio ("days to cover") of 1.9, which is generally considered an acceptable ratio of short interest to trading volume.

Change versus previous month

Short interest in Associated Banc has recently decreased by 3.21%, 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 3.67%, putting its dividend yield in the top 25% of dividend-paying stocks.

Dividend Growth

Associated Banc has been increasing its dividend for 13 years.

Dividend Coverage

The dividend payout ratio of Associated Banc is 76.67%. 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 40.71% 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

2.19% of the outstanding shares of Associated Banc have been sold short.

Short Interest Ratio / Days to Cover

Associated Banc has a short interest ratio ("days to cover") of 1.9, which is generally considered an acceptable ratio of short interest to trading volume.

Change versus previous month

Short interest in Associated Banc has recently decreased by 3.21%, indicating that investor sentiment is improving.

News and Social Media

• Score: 2.7 / 5
• News Sentiment: 0.78

News Sentiment

Associated Banc has a news sentiment score of 0.78. 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 14 news articles for Associated Banc this week, compared to 5 articles on an average week.

MarketBeat Follows

2 people have added Associated Banc to their MarketBeat watchlist in the last 30 days. This is an increase of 100% compared to the previous 30 days.

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 $1,270,847.00 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 at the beginning of 2024. Since then, ASB shares have increased by 12.2% and is now trading at $23.99.
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, October, 24th. The bank reported $0.56 earnings per share for the quarter, topping analysts' consensus estimates of $0.50 by $0.06. The bank earned $607.54 million during the quarter, compared to analysts' expectations of $336.52 million. Associated Banc had a trailing twelve-month return on equity of 8.18% and a net margin of 8.15%.

Who are Associated Banc's major shareholders?

Associated Banc's top institutional shareholders include FMR LLC (8.97%), State Street Corp (5.44%), Geode Capital Management LLC (2.37%) and Verition Fund Management LLC (2.01%). 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 and John P Thayer.
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 NVIDIA (NVDA), Meta Platforms (META), Broadcom (AVGO), Advanced Micro Devices (AMD), Adobe (ADBE), General Electric (GE) and ServiceNow (NOW).

Company Calendar

• Last Earnings: 10/24/2024
• Ex-Dividend for 12/16 Dividend: 12/02/2024
• Dividend Payable: 12/16/2024
• Today: 12/20/2024
• 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: $26.00
• High Stock Price Target: $28.00
• Low Stock Price Target: $22.00
• Potential Upside/Downside: +8.4%
• Consensus Rating: Hold
• Rating Score (0-4): 2.10
• Research Coverage: 10 Analysts

Profitability

• EPS (Most Recent Fiscal Year): $1.20
• Trailing P/E Ratio: 19.99
• Forward P/E Ratio: 11.26
• P/E Growth: 1.9
• Net Income: $182.96 million
• Net Margins: 8.15%
• Pretax Margin: 7.32%
• Return on Equity: 8.18%
• Return on Assets: 0.80%

Debt

• Debt-to-Equity Ratio: 0.65
• Current Ratio: 0.88
• Quick Ratio: 0.88

Sales & Book Value

• Annual Sales: $1.09 billion
• Price / Sales: 3.33
• Cash Flow: $2.87 per share
• Price / Cash Flow: 8.37
• Book Value: $26.37 per share
• Price / Book: 0.91

Miscellaneous

• Outstanding Shares: 151,255,000
• Free Float: 149,062,000
• Market Cap: $3.63 billion
• Optionable: Optionable
• Beta: 0.93