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MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.
3.35 out of 5 stars
38th out of 868 stocks
9th out of 179 stocks
Associated Banc has received a consensus rating of Hold. The company’s average rating score is 2.00, and is based on no buy ratings, 3 hold ratings, and no sell ratings.
According to analysts’ consensus price target of $23.50, Associated Banc has a forecasted upside of 31.2% from its current price of $17.91.
Associated Banc has only been the subject of 1 research reports in the past 90 days.
Associated Banc is a leading dividend payer. It pays a dividend yield of 4.64%, putting its dividend yield in the top 25% of dividend-paying stocks.
Associated Banc has only been increasing its dividend for 2 years.
The dividend payout ratio of Associated Banc is 35.74%. This payout ratio is at a healthy, sustainable level, below 75%.
Based on earnings estimates, Associated Banc will have a dividend payout ratio of 33.87% next year. This indicates that Associated Banc will be able to sustain or increase its dividend.
In the past three months, Associated Banc insiders have sold 61.44% more of their company’s stock than they have bought. Specifically, they have bought $99,764.00 in company stock and sold $161,062.00 in company stock.
Only 1.49% of the stock of Associated Banc is held by insiders.
78.95% of the stock of Associated Banc is held by institutions. High institutional ownership can be a signal of strong market trust in this company.
Earnings for Associated Banc are expected to grow by 0.40% in the coming year, from $2.47 to $2.48 per share.
The P/E ratio of Associated Banc is 7.62, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 113.60.
The P/E ratio of Associated Banc is 7.62, which means that it is trading at a less expensive P/E ratio than the Finance sector average P/E ratio of about 130.74.
Associated Banc has a PEG Ratio of 0.92. PEG Ratios below 1 indicate that a company could be undervalued.
Associated Banc has a P/B Ratio of 0.70. P/B Ratios below 1 indicate that a company could be undervalued with respect to its assets and liabilities.
Associated Banc-Corp. is a holding company, which engages in 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 businesses, developers, non-profits, municipalities, and financial institutions. The Community, Consumer and Business segment provides 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 shared functions. The company was founded in 1964 and is headquartered in Green Bay, WI.
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3 Wall Street research analysts have issued “buy,” “hold,” and “sell” ratings for Associated Banc in the last twelve months. There are currently 3 hold ratings for the stock. The consensus among Wall Street research analysts is that investors should “hold” ASB shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in ASB, but not buy additional shares or sell existing shares.
View ASB analyst ratings or view top-rated stocks.
3 analysts have issued 1-year target prices for Associated Banc’s shares. Their ASB share price forecasts range from $20.00 to $28.00. On average, they predict the company’s stock price to reach $23.50 in the next twelve months. This suggests a possible upside of 31.2% from the stock’s current price.
View analysts price targets for ASB or view top-rated stocks among Wall Street analysts.
Associated Banc’s stock was trading at $23.09 on January 1st, 2023. Since then, ASB shares have decreased by 22.4% and is now trading at $17.91.
View the best growth stocks for 2023 here.
Associated Banc saw a decline in short interest in the month of February. As of February 15th, there was short interest totaling 5,120,000 shares, a decline of 10.6% from the January 31st total of 5,730,000 shares. Based on an average trading volume of 1,260,000 shares, the days-to-cover ratio is currently 4.1 days. Approximately 3.5% of the company’s stock are short sold.
View Associated Banc’s Short Interest.
The company is scheduled to release its next quarterly earnings announcement on Thursday, April 20th 2023.
View our ASB earnings forecast.
Associated Banc-Corp (NYSE:ASB) announced its earnings results on Thursday, January, 26th. The bank reported $0.70 EPS for the quarter, beating the consensus estimate of $0.65 by $0.05. The bank earned $452.94 million during the quarter, compared to analysts’ expectations of $347.92 million. Associated Banc had a trailing twelve-month return on equity of 9.70% and a net margin of 25.65%. During the same period in the previous year, the firm posted $0.49 EPS.
Associated Banc declared a quarterly dividend on Wednesday, February 1st. Stockholders of record on Wednesday, March 1st will be paid a dividend of $0.21 per share on Wednesday, March 15th. This represents a $0.84 dividend on an annualized basis and a yield of 4.69%. The ex-dividend date is Tuesday, February 28th.
Read our dividend analysis for ASB.
ETFs with the largest weight of Associated Banc (NYSE:ASB) stock in their portfolio include USCF Dividend Income Fund (UDI), Invesco KBW Regional Banking ETF (KBWR), Invesco High Yield Equity Dividend Achievers ETF (PEY), SPDR S&P Regional Banking ETF (KRE), SPDR S&P Bank ETF (KBE), VictoryShares US Small Cap High Div Volatility Wtd ETF (CSB), Direxion Daily Regional Banks Bull 3x Shares (DPST) and Invesco S&P MidCap Value with Momentum ETF (XMVM).
Associated Banc (NYSE:ASB) pays an annual dividend of $0.84 per share and currently has a dividend yield of 4.64%. ASB has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. The company has been increasing its dividend for 2 consecutive year(s), indicating that it does not yet have a strong track record of dividend growth. The dividend payout ratio is 35.74%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, ASB will have a dividend payout ratio of 33.87% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for ASB.
219 employees have rated Associated Banc Chief Executive Officer Philip B. (Phil) Flynn on Glassdoor.com. Philip B. (Phil) Flynn has an approval rating of 89% among the company’s employees.
Based on aggregate information from My MarketBeat watchlists, some companies that other Associated Banc investors own include Invesco (IVZ), Bank of America (BAC), Intelsat (I), Fossil Group (FOSL), AK Steel (AKS), China Unicom (Hong Kong) (CHU), Exxon Mobil (XOM), AMC Entertainment (AMC), Apollo Global Management (APO) and EKIMAS (ASNB).
Associated Banc trades on the New York Stock Exchange (NYSE) under the ticker symbol “ASB.”
Associated Banc’s stock is owned by many different institutional and retail investors. Top institutional investors include Dimensional Fund Advisors LP (7.21%), Pzena Investment Management LLC (2.07%), Alliancebernstein L.P. (1.86%), Geode Capital Management LLC (1.84%), LSV Asset Management (1.72%) and Associated Banc Corp (1.72%). Insiders that own company stock include Andrew J Harmening, Andrew J Harmening, David L Stein, David L Stein, Eileen A Kamerick, John A Utz, John B Williams, John F Bergstrom, John P Thayer, Lith Karen Van, Matthew R Braeger, Michael J Haddad, Michael Meinolf, Moral-Niles Christopher Del, Nicole M Kitowski, Patrick Edward Ahern, Philip B Flynn, Tammy C Stadler, Timothy J Lau and Timothy J Lau.
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 WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
Compare Top Brokerages Here.
One share of ASB stock can currently be purchased for approximately $17.91.
Associated Banc (NYSE:ASB) has a market capitalization of $2.70 billion and generates $1.43 billion in revenue each year. The bank earns $366.12 million in net income (profit) each year or $2.35 on an earnings per share basis.
The company employs 4,118 workers across the globe.
Associated Banc’s mailing address is 433 MAIN STREET, GREEN BAY WI, 54301. The official website for the company is www.associatedbank.com. The bank can be reached via phone at (920) 491-7500, via email at jessica.vandenheuvel@associatedbank.com, or via fax at 920-433-3261.
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