Fintel reports that on March 8, 2024, Barclays initiated coverage of Associated Banc- (NYSE:ASB) with a Equal-Weight recommendation.

Analyst Price Forecast Suggests 12.53% Upside

As of February 24, 2024, the average one-year price target for Associated Banc- is 23.77. The forecasts range from a low of 20.20 to a high of $28.35. The average price target represents an increase of 12.53% from its latest reported closing price of 21.12.

See our leaderboard of companies with the largest price target upside.

The projected annual revenue for Associated Banc- is 1,465MM, an increase of 43.66%. The projected annual non-GAAP EPS is 2.66.

Associated Banc- Declares $0.22 Dividend

On January 30, 2024 the company declared a regular quarterly dividend of $0.22 per share ($0.88 annualized). Shareholders of record as of March 1, 2024 will receive the payment on March 15, 2024. Previously, the company paid $0.22 per share.

At the current share price of $21.12 / share, the stock's dividend yield is 4.17%.

Looking back five years and taking a sample every week, the average dividend yield has been 4.06%, the lowest has been 2.90%, and the highest has been 6.64%. The standard deviation of yields is 0.81 (n=234).

The current dividend yield is 0.13 standard deviations above the historical average.

Additionally, the company's dividend payout ratio is 0.72. The payout ratio tells us how much of a company's income is paid out in dividends. A payout ratio of one (1.0) means 100% of the company's income is paid in a dividend. A payout ratio greater than one means the company is dipping into savings in order to maintain its dividend - not a healthy situation. Companies with few growth prospects are expected to pay out most of their income in dividends, which typically means a payout ratio between 0.5 and 1.0. Companies with good growth prospects are expected to retain some earnings in order to invest in those growth prospects, which translates to a payout ratio of zero to 0.5.

The company's 3-Year dividend growth rate is 0.22%, demonstrating that it has increased its dividend over time.

What is the Fund Sentiment?

There are 643 funds or institutions reporting positions in Associated Banc-. This is an increase of 1 owner(s) or 0.16% in the last quarter. Average portfolio weight of all funds dedicated to ASB is 0.16%, a decrease of 4.82%. Total shares owned by institutions increased in the last three months by 1.34% to 143,553K shares. The put/call ratio of ASB is 0.23, indicating a bullish outlook.

What are Other Shareholders Doing?

FLPSX - Fidelity Low-Priced Stock Fund holds 4,570K shares representing 3.07% ownership of the company. In it's prior filing, the firm reported owning 3,677K shares, representing an increase of 19.55%. The firm increased its portfolio allocation in ASB by 20.07% over the last quarter.

IJH - iShares Core S&P Mid-Cap ETF holds 4,511K shares representing 3.03% ownership of the company. In it's prior filing, the firm reported owning 4,717K shares, representing a decrease of 4.56%. The firm increased its portfolio allocation in ASB by 10.49% over the last quarter.

VTSMX - Vanguard Total Stock Market Index Fund Investor Shares holds 4,470K shares representing 3.01% ownership of the company. In it's prior filing, the firm reported owning 4,445K shares, representing an increase of 0.57%. The firm increased its portfolio allocation in ASB by 12.36% over the last quarter.

IWM - iShares Russell 2000 ETF holds 4,154K shares representing 2.79% ownership of the company. In it's prior filing, the firm reported owning 3,567K shares, representing an increase of 14.12%. The firm increased its portfolio allocation in ASB by 12.56% over the last quarter.

NAESX - Vanguard Small-Cap Index Fund Investor Shares holds 3,651K shares representing 2.45% ownership of the company. In it's prior filing, the firm reported owning 3,692K shares, representing a decrease of 1.12%. The firm increased its portfolio allocation in ASB by 8.61% over the last quarter.

Associated Banc- Background Information
(This description is provided by the company.)

Associated Banc-Corp is one of the top 50 publicly traded U.S. bank holding companies. Headquartered in Green Bay, Wisconsin, Associated is a leading Midwest banking franchise, offering a full range of financial products and services from more than 220 banking locations serving more than 120 communities throughout Wisconsin, Illinois and Minnesota, and commercial financial services in Indiana, Michigan, Missouri, Ohio and Texas. Associated Bank, N.A. is an Equal Housing Lender, Equal Opportunity Lender and Member FDIC.