Associated Banc-Corp (NYSE:ASB – Get Free Report) announced a quarterly dividend on Tuesday, July 28th. Stockholders of record on Tuesday, September 1st will be paid a dividend of 0.24 per share by the bank on Tuesday, September 15th. This represents a c) dividend on an annualized basis and a dividend yield of 3.1%. The ex-dividend date of this dividend is Tuesday, September 1st.
Associated Banc has raised its dividend payment by an average of 0.1%per year over the last three years and has raised its dividend every year for the last 13 years. Associated Banc has a payout ratio of 35.2% indicating that its dividend is sufficiently covered by earnings. Research analysts expect Associated Banc to earn $3.30 per share next year, which means the company should continue to be able to cover its $0.96 annual dividend with an expected future payout ratio of 29.1%.
Associated Banc Stock Down 1.2%
NYSE:ASB opened at $30.68 on Thursday. The firm’s 50-day moving average price is $29.64 and its 200-day moving average price is $27.91. The company has a market capitalization of $5.79 billion, a PE ratio of 10.73, a P/E/G ratio of 1.15 and a beta of 0.76. The company has a debt-to-equity ratio of 0.95, a current ratio of 0.93 and a quick ratio of 0.93. Associated Banc has a 1-year low of $23.63 and a 1-year high of $31.83.
Analyst Upgrades and Downgrades
A number of equities analysts have weighed in on the stock. Piper Sandler raised their target price on shares of Associated Banc from $29.00 to $30.00 and gave the company a “neutral” rating in a research note on Friday, April 24th. Wall Street Zen downgraded Associated Banc from a “buy” rating to a “hold” rating in a research note on Saturday, May 2nd. Robert W. Baird raised their price objective on Associated Banc from $29.00 to $30.00 and gave the company a “neutral” rating in a research report on Friday, April 24th. Weiss Ratings reiterated a “buy (b)” rating on shares of Associated Banc in a research note on Wednesday, June 24th. Finally, Truist Financial lifted their price objective on Associated Banc from $30.00 to $32.00 and gave the company a “hold” rating in a research note on Friday, July 10th. Six analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, Associated Banc presently has a consensus rating of “Moderate Buy” and a consensus target price of $31.00.
Associated Banc Company Profile
Associated Banc-Corp, through its primary subsidiary Associated Bank, N.A., is a regional financial services company headquartered in Green Bay, Wisconsin. The bank operates more than 200 branches across the Midwest, offering community-focused banking solutions for individuals, small businesses and commercial clients. Its emphasis on personalized service and regional decision-making supports long-standing customer relationships.
On the consumer side, Associated Bank provides checking and savings accounts, residential mortgages, home equity lines of credit, auto financing and credit card products.
Further Reading
- Five stocks we like better than Associated Banc
- Why SK hynix Could Be the Best AI Chip Stock to Buy Now
- Seagate Technology Stock Surges as Earnings Beat Silences AI Doubters
- Alphabet Is Down 18% From Its High After a Stellar Quarter—Overdone, or More Downside Ahead?
- Why Bloom Energy May Be the Most Important AI Infrastructure Stock
Receive News & Ratings for Associated Banc Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Associated Banc and related companies with MarketBeat.com's FREE daily email newsletter.
