Associated Banc-Corp (ASB) is a bank holding company. The company through its subsidiaries provides a broad array of banking and nonbanking products and services to individuals and businesses. I last reported on them in February 2023.

The company operates in three reportable segments; (1) Corporate and Commercial Specialty; (2) Community, Consumer, and Business; and (3) Risk Management and Shared Services. The majority of its revenue is derived from two: (1) Corporate and Commercial Specialty and (2) Community, Consumer, and Business segments.

Associated Banc-Corp was founded in 1861 and is headquartered in Green Bay, Wisconsin.

Three key data points gauge Associated Banc-Corp, or any dividend-paying firm. They are: (1) Price (2) Dividends (3) Returns.

Those three basic keys best tell whether any company has made, is making, and will make money.

ASB Price

Over the past year, ASB share price fell about 15.9% from $18.59 to $15.64 as of Friday’s market close.

If Associated Banc-Corp stock trades in the range of $12.00 to $20.00 this next year, its recent $15.64 share price might get up to $18.00 by next year. Of course, ASBs price could drop about the same $2.36 amount, or more.

My upside estimate of $2.36 is almost $2.00 below the median of annual target price estimates from nine analysts covering the stock for brokers.

ASB Dividend

Associated Banc-Corp’s recent $0.21 quarterly dividend paid June 15th to shareholders of record May 31st equates to $0.84 annually and throws a yield of 5.37% as of Friday’s closing price.

ASB Returns

Adding the $0.84 anticipated annual dividend to the Associated Banc-Corp estimated $2.36 price upside, reveals a $3.20 potential gross gain per share for the coming year.

At Friday’s $15.64 closing price, a little over $1000 would buy 64 shares.

A $10 broker fee (if charged), paid half at purchase and half at sale, might cost us about $0.16 per share.

Subtract that maybe $0.16 brokerage cost from my estimated $3.20 gross gain per share makes a net gain amounting to $3.04 X 64 shares = $194.64 for a 19.4% net gain.

This may be the time to pounce on ASB. But beware, its dividend is stable and its price is low, and about $20 under the stock’s all time $35.46 high posted February 20, 2007.

The foregoing article is based on past history of Associated Banc-Corp. The only accurate measure of future performance is from active investment in the company.

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