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Associated Banc-Corp (ASB)
NYSE:ASB
Holding ASB?
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ASB Stock Chart & Stats
Day’s Range$0 - $0
52-Week Range$15.16 - $24.21
Previous Close$21.53
Volume1.17M
Average Volume (3M)1.40M
Market Cap
$3.25B
Enterprise Value$6.78B
Total Cash (Recent Filing)$0.00
Total Debt (Recent Filing)$3.53B
Price to Earnings (P/E)18.5
Beta0.86
Next Earnings
Oct 17, 2024EPS Estimate
$0.5Last Dividend Ex-Date
Sep 03, 2024Dividend Yield4.04%
Share Statistics
EPS (TTM)1.16
Shares Outstanding150,900,815
10 Day Avg. Volume1,237,310
30 Day Avg. Volume1,396,688
Standard Deviation0.09
R-Squared0.29
Alpha-0.00123
Financial Highlights & Ratios
Price to Book (P/B)0.83
Price to Sales (P/S)3.00
Price to Cash Flow (P/CF)7.20
P/FCF Ratio2.10
Enterprise Value/Market CapN/A
Enterprise Value/Revenue6.23
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
$23.43Price Target Upside5.59% Upside
Rating ConsensusHold
Number of Analyst Covering8
Associated Banc-Corp News
PremiumPress Releases
Associated Banc-Corp Announces Dividends
Bulls Say, Bears Say
Bulls Say
Deposit GrowthAverage deposits increased ~3.3% Q/Q driven by several relationship-focused strategic initiatives to build on deposit growth momentum.
Financial PerformanceCore fee income was up ~7% sequentially as stronger bank/corporate owned life insurance, wealth, and card fees more than offset softer mortgage and capital markets.
Strategic InitiativesASB continues to execute on its strategic initiatives, now executing on phase two of their strategic plan, and the outlook implies slight positive operating leverage driven by NII growth.
Bears Say
Core PPNR TrendsCore PPNR trends were a bit light, with softer sequential NII/NIM trends.
Deposit StoryThe deposit story is a bit concerning as NIB run-off was over ~$400M during the quarter and fell below the previous 'floor'.
Funding Mix ShiftThe NIM decrease reflects negative funding mix shift, as the core customer deposit run-off was replaced by higher cost wholesale funding sources.
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Ownership Overview
4.90% Insiders
32.73% Mutual Funds
42.66% Other Institutional Investors
19.70% Public Companies and
Individual Investors
Risk Analysis
Main Risk Category
Finance & CorporateFinancial and accounting risks. Risks related to the execution of corporate activity and strategy
Website Traffic
Sorry, No Data AvailableThere is no website visitor data available for this stock.
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ASB FAQ
What was Associated Banc-Corp’s price range in the past 12 months?
Associated Banc-Corp lowest stock price was $15.16 and its highest was $24.21 in the past 12 months.
What is Associated Banc-Corp’s market cap?
Currently, no data Available
When is Associated Banc-Corp’s upcoming earnings report date?
Associated Banc-Corp’s upcoming earnings report date is Oct 17, 2024 which is in 27 days.
How were Associated Banc-Corp’s earnings last quarter?
Associated Banc-Corp released its earnings results on Jul 25, 2024. The company reported $0.52 earnings per share for the quarter, beating the consensus estimate of $0.519 by $0.001.
Is Associated Banc-Corp overvalued?
According to Wall Street analysts Associated Banc-Corp’s price is currently Undervalued.
Does Associated Banc-Corp pay dividends?
Associated Banc-Corp pays a Quarterly dividend of $0.22 which represents an annual dividend yield of 4.04%. See more information on Associated Banc-Corp dividends here
What is Associated Banc-Corp’s EPS estimate?
Associated Banc-Corp’s EPS estimate is $0.5.
How many shares outstanding does Associated Banc-Corp have?
Associated Banc-Corp has 150,900,820 shares outstanding.
What happened to Associated Banc-Corp’s price movement after its last earnings report?
Associated Banc-Corp reported an EPS of $0.52 in its last earnings report, beating expectations of $0.519. Following the earnings report the stock price went up 0.084%.
Which hedge fund is a major shareholder of Associated Banc-Corp?
Among the largest hedge funds holding Associated Banc-Corp’s share is Pzena Investment Management LLC. It holds Associated Banc-Corp’s shares valued at 53M.
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Associated Banc-Corp Stock Smart Score
Unlock Smart Score
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Analyst Consensus
Hold
Average Price Target:
$23.43 (5.59% Upside)
$23.43 (5.59% Upside)
Blogger Sentiment
Bullish
ASB Sentiment 100%
Sector Average 68%
Sector Average 68%
Hedge Fund Trend
Decreased
By 148.5K Shares
Last Quarter.
Last Quarter.
Insider Transactions
Sold Shares
Worth $2.2M over
the Last 3 Months
the Last 3 Months
News Sentiment
Neutral
Bullish news 50%
Bearish news 50%
Bearish news 50%
Technicals
SMA
Positive
20 days / 200 days
Momentum
29.19%
12-Months-Change
Fundamentals
Return on Equity
4.49%
Trailing 12-Months
Asset Growth
0.98%
Trailing 12-Months
Company Description
Associated Banc-Corp
Associated Banc-Corp. operates as a bank holding company, which offers various 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 & Business segment serves 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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ASB Company Deck
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ASB Earnings Call
Q2 2024
0:00 / 0:00
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ASB Stock 12 Month Forecast
Average Price Target
$23.43
▲(5.59% Upside)
Technical Analysis
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