Associated Banc-Corp

Associated Banc-Corp Stock Forecast & Price Prediction

Live Associated Banc-Corp Stock (ASB) Price
$20.66

16

Ratings

  • Buy 1
  • Hold 15
  • Sell 0
Disclaimer : Analyst ratings and price forecasts are sourced from Wall St analysts and other experts. These projections are speculative and do not guarantee future stock performance. This information is for educational purposes only and should not be construed as advice to buy or sell any security.

Stock Price

$20.66

P/E Ratio

17.64

Volume Traded Today

$720,000

Dividend

$0.22

52 Week High/low

24.21/15.16

Associated Banc-Corp Market Cap

$3.11B

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ASB Summary

The Associated Banc-Corp (ASB) share price is expected to increase by 17.76% over the next year. This is based on calculating the average 12-month share price estimate provided by 16 stock analysts who have covered ASB. Price targets range from $22 at the low end to $27 at the high end. The current analyst consensus for ASB is a buy. Please note analyst price targets are not guaranteed and could be missed completely.

ASB Analyst Ratings

Associated Banc-Corp has a total of 16 Wall St Analyst ratings. There are 1 buy ratings, 15 ratings, and 0 sell ratings. Since most analysts have a buy consensus rating, the expectation is that Associated Banc-Corp will outperform the market. Investors shouldn't rely purely on analyst ratings; we encourage investors to also take a look at the fundamental and technical analysis in their due diligence.

ASB stock forecast by analyst

These are the latest 20 analyst ratings of ASB.

Analyst/Firm

Rating

Price Target

Change

Date

Jared Shaw
Barclays

Equal-Weight

$23

Maintains

Sep 27, 2024
Terry McEvoy
Stephens & Co.

Equal-Weight

$24

Reiterates

Jul 30, 2024
Christopher Mcgratty
Keefe, Bruyette & Woods

Market Perform

$24

Maintains

Jul 26, 2024
David George
Baird

Neutral

$25

Maintains

Jul 26, 2024
Scott Siefers
Piper Sandler

Neutral

$24

Maintains

Jul 26, 2024
Jon Arfstrom
RBC Capital

Sector Perform

$25

Maintains

Jul 26, 2024
David George
Baird

Neutral

$27

Downgrade

Jul 17, 2024
Ken Usdin
Jefferies

Hold

$22

Maintains

Jul 3, 2024
Jared Shaw
Barclays

Equal-Weight

$22

Maintains

Jun 24, 2024
Jared Shaw
Barclays

Equal-Weight

$24

Maintains

Apr 26, 2024
Terry McEvoy
Stephens & Co.

Equal-Weight

$23

Reiterates

Apr 26, 2024
Timur Braziler
Wells Fargo

Equal-Weight

$22

Maintains

Apr 10, 2024
Jon Arfstrom
RBC Capital

Sector Perform

$23

Reiterates

Apr 9, 2024
Jared Shaw
Barclays

Equal-Weight

$22

Initiates

Mar 8, 2024
Daniel Tamayo
Raymond James

Outperform

$25

Maintains

Jan 29, 2024
Scott Siefers
Piper Sandler

Neutral

$23

Maintains

Jan 26, 2024
Jon Arfstrom
RBC Capital

Sector Perform

$23

Maintains

Jan 26, 2024
Christopher Mcgratty
Keefe, Bruyette & Woods

Market Perform

$21

Maintains

Dec 4, 2023
Scott Siefers
Piper Sandler

Neutral

$18.5

Maintains

Nov 10, 2023
Jon Arfstrom
RBC Capital

Sector Perform

$19

Maintains

Nov 10, 2023

ASB Company Information

What They Do: Provides banking and financial services.

Business Model: The company operates as a bank holding company, generating revenue through a diverse array of banking products and services, including lending solutions, deposit services, and specialized financial services. It primarily serves individuals and businesses across Wisconsin, Illinois, and Minnesota, offering commercial and consumer loans, cash management solutions, and investment services.

Other Information: Founded in 1861 and headquartered in Green Bay, Wisconsin, the company has a long-standing presence in the banking sector. Its comprehensive service offerings position it well to cater to various customer needs, making it a competitive player in the regional market.
ASB
Associated Banc-Corp (ASB)

When did it IPO

1984

Staff Count

4,048

Country

United States

Sector/Industry

Financial Services/Banksโ€”Regional

CEO

Mr. Andrew John Harmening

Market Cap

$3.11B

Associated Banc-Corp (ASB) Financial Data

In 2023, ASB generated $1.10B in revenue, which was a decrease of -11.06% from the previous year. This can be seen as a signal that ASB's business is declining, and its share price could be worth less in the future. However, if the company grows faster (or slower) than expected, this could also have a major impact on the future share price.

Revenue From 2020

$1.26B

Revenue From 2021

$1.05B

-16.54 %
From Previous Year

Revenue From 2022

$1.23B

17.61 %
From Previous Year

Revenue From 2023

$1.10B

-11.06 %
From Previous Year
  • Revenue TTM $997.8M
  • Operating Margin TTM 38.2%
  • Gross profit TTM $0
  • Return on assets TTM 0.5%
  • Return on equity TTM 4.5%
  • Profit Margin 19.0%
  • Book Value Per Share 27.28%
  • Market capitalisation $3.11B
  • Revenue for 2021 $1.05B
  • Revenue for 2022 $1.23B
  • Revenue for 2023 $1.10B
  • EPS this year (TTM) $1.17

Associated Banc-Corp (ASB) Latest News

News Image

Thu, 26 Sep 2024

Sentiment - NEUTRAL

Source - PRNewsWire

Summary - Associated Banc-Corp (NYSE: ASB) will release its Q3 2024 financial results on October 24, 2024, after market close.

Why It Matters - The upcoming financial results release can impact Associated Banc-Corp's stock price and investor sentiment, providing insights into the company's performance and future outlook.

News Image

Wed, 18 Sep 2024

Sentiment - NEUTRAL

Source - PRNewsWire

Summary - Associated Banc-Corp (NYSE: ASB), the holding company for Associated Bank, N.A., is based in Green Bay, Wisconsin.

Why It Matters - The mention of Associated Banc-Corp highlights its presence in the financial sector, indicating potential investment opportunities or risks tied to the bank's performance and market conditions.

News Image

Fri, 16 Aug 2024

Sentiment - NEGATIVE

Source - Seeking Alpha

Summary - Associated Banc-Corp shares are under pressure due to weak deposits, though loans, securities, and cash values have improved. The stock is considered cheap with a soft 'buy' rating.

Why It Matters - Declining deposits raise concerns about liquidity, impacting future growth. However, improved loans and cash values suggest resilience, making shares potentially undervalued and a modest buying opportunity.

News Image

Tue, 13 Aug 2024

Sentiment - NEUTRAL

Source - PRNewsWire

Summary - Associated Banc-Corp (NYSE: ASB) plans to meet with investors at the Raymond James U.S. Bank and Banking on Tech Conferences in Chicago on September 4-5, 2024.

Why It Matters - Management meetings at key conferences can signal strategic updates and potential growth opportunities, influencing investor sentiment and stock performance for Associated Banc-Corp.

News Image

Tue, 30 Jul 2024

Sentiment - NEUTRAL

Source - PRNewsWire

Summary - Associated Banc-Corp (NYSE: ASB) declared a quarterly cash dividend of $0.22 per share, payable on September 16, 2024, to shareholders on record by September 3, 2024.

Why It Matters - The declaration of a quarterly cash dividend signals financial stability and profitability for Associated Banc-Corp, potentially attracting income-focused investors and boosting stock demand.

News Image

Thu, 25 Jul 2024

Sentiment - NEUTRAL

Source - Seeking Alpha

Summary - Associated Banc-Corp will hold its Q2 2024 Earnings Conference Call on July 25, 2024, at 5:00 PM ET, featuring key executives and financial analysts from various firms.

Why It Matters - The earnings call indicates a key moment for Associated Banc-Corp, providing insights into financial performance and strategic direction, impacting stock valuation and investor sentiment.

...

ASB Frequently asked questions

The highest forecasted price for ASB is $27 from Matthew Keating at Barclays.

The lowest forecasted price for ASB is $22 from Jared Shaw from Barclays

The ASB analyst ratings consensus are 1 buy ratings, 15 hold ratings, and 0 sell ratings.