Associated Banc (ASB) Stock Price, News & Analysis

8 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Associated Banc in the last twelve months. There are currently 6 hold ratings and 2 buy ratings for the stock. The consensus among Wall Street equities 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.
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8 analysts have issued 12-month target prices for Associated Banc's shares. Their ASB share price targets range from $21.00 to $25.00. On average, they predict the company's stock price to reach $22.63 in the next year. This suggests a possible upside of 12.9% from the stock's current price.
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Associated Banc's stock was trading at $21.39 at the start of the year. Since then, ASB shares have decreased by 6.3% and is now trading at $20.04.
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Associated Banc saw a decline in short interest in March. As of March 31st, there was short interest totaling 3,810,000 shares, a decline of 6.2% from the March 15th total of 4,060,000 shares. Based on an average daily trading volume, of 1,470,000 shares, the days-to-cover ratio is presently 2.6 days. Approximately 2.6% of the shares of the stock are sold short.
View Associated Banc's Short Interest.

The company is scheduled to release its next quarterly earnings announcement on Thursday, April 25th 2024.
View our ASB earnings forecast.

Associated Banc will be holding an earnings conference call on Thursday, April 25th at 5:00 PM Eastern. Interested parties can register for or listen to the call using this link.

Associated Banc-Corp (NYSE:ASB) issued its earnings results on Thursday, January, 25th. The bank reported $0.53 EPS for the quarter, topping analysts' consensus estimates of $0.52 by $0.01. The bank had revenue of $322.22 million for the quarter, compared to analysts' expectations of $325.89 million. Associated Banc had a net margin of 8.12% and a trailing twelve-month return on equity of 8.90%.

Associated Banc declared a quarterly dividend on Tuesday, January 30th. Stockholders of record on Friday, March 1st will be paid a dividend of $0.22 per share on Friday, March 15th. This represents a $0.88 dividend on an annualized basis and a dividend yield of 4.39%. The ex-dividend date is Thursday, February 29th.
Read our dividend analysis for ASB.

Associated Banc (NYSE:ASB) pays an annual dividend of $0.88 per share and currently has a dividend yield of 4.42%. 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 12 consecutive years, indicating the company has a strong committment to maintain and grow its dividend. The dividend payout ratio is 77.88%. Payout ratios above 75% are not desirable because they may not be sustainable. Based on earnings estimates, ASB will have a dividend payout ratio of 37.77% next year. This indicates that the company will be able to sustain or increase its dividend.
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), SPDR S&P Regional Banking ETF (KRE), SPDR S&P Bank ETF (KBE), Invesco S&P MidCap 400 Pure Value ETF (RFV), VictoryShares US Small Cap High Div Volatility Wtd ETF (CSB), ProShares Russell 2000 Dividend Growers ETF (SMDV) and Direxion Daily Regional Banks Bull 3x Shares (DPST).

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's stock is owned by a variety of institutional and retail investors. Top institutional shareholders include Allspring Global Investments Holdings LLC (1.79%), Hennion & Walsh Asset Management Inc. (0.01%), WoodTrust Financial Corp (0.01%), Kowal Investment Group LLC (0.01%), CWM LLC (0.00%) and Steph & Co. (0.00%). 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, R Jay Gerken, Randall J Erickson, Tammy C Stadler and Timothy J Lau.
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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.
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