Overview
Associated Banc-Corp, based in the United States, is a prominent financial institution primarily operating within the banking sector. As of 2023, the company serves as the largest bank headquartered in Wisconsin, also extending its reach across Illinois and Minnesota. The entity offers a comprehensive array of services, including retail banking, commercial real estate lending, and specialized financial services such as private banking, investment management, and insurance solutions. A key focus area for Associated Banc-Corp involves enhancing its technology-driven offerings to improve customer experience and operational efficiency. Among its forward-looking initiatives, the company emphasizes sustainable growth, investing in digital banking technologies, and maintaining a robust compliance framework to navigate the complex regulatory landscape of the financial industry.
Basic Stats
The share price of Associated Banc-Corp as of September 5, 2025 is $26.64 / share. This is a decrease of -1.22% from the prior week. The market cap (or net worth) of Associated Banc-Corp as of September 5, 2025 is $4,350.50 MM.
The Factor Analysis chart (below right) shows a view of Associated Banc-Corp from a variety of lenses. Each factor shows how well the company ranks against all other companies in the Fintel global investing universe. Factor scores range from zero to 100, with 100 being most desirable, and 50 being average.
For example, a company with a Value Score of 100 would be the most undervalued company in our database. A company with a Value Score of zero would be the most overvalued.
| Market Cap | 4,350.50 MM |
| EV | 8,773.25 MM |
| Shares Out. | 163.31 MM |
| Earnings Date | |
| EPS (TTM) | 0.85 |
| Dividend Yield | 3.45 % |
| Ex-Dividend Date | 2025-09-02 |
| Borrow Rate | 0.25 |
| Short Shares Avail. | 3.50 MM |
| Short Interest | 5.78 MM |
| Short Float | 3.56 % |
| Days to Cover | 6.51 days |
| Risk Free Rate | 4.17 % |
| Price Change (1 yr) | 22.09 % |
| Volatility (1 yr) | 0.36 |
| Beta | 1.29 |
| Sharpe Ratio (1 yr) | 0.50 |
| Sortino Ratio (1 yr) | 0.91 |
| PE Ratio | 31.23 |
| Price/Book | 0.91 |
| Price/TBV | 1.26 |
| Book/Market | 1.10 |
| EBIT/EV | 0.02 |
| EBIT(3yr avg)/EV | 0.03 |
| ROA | 0.00 |
| ROE | 0.03 |
| ROIC | 0.01 |
| CROIC | 0.03 |
| OCROIC | 0.06 |
| Implied Volatility | 43.89 % |
| Put/Call OI Ratio | 0.34 |
Factor Scores range from 0 to 100, with 100 being most desirable. Larger circles are better. In situations where we have no data (e.g. no insider trades), we plot the score at 50 to avoid penalizing companies. However, a company that does not pay dividends will get a Dividend Score of Zero. Additionally, we inverted volatility to create a "stability" metric which is better when higher.
Price Target
The average one-year price target for Associated Banc-Corp is $29.17. The forecasts range from a low of $27.27 to a high of $32.55. A stock’s price target is the price at which analysts consider it fairly valued with respect to its projected earnings and historical earnings. Analysts typically set price targets that correspond to their buy or sell recommendations.
Update Frequency: Monthly
Stock Upgrades/Downgrades
This card shows analyst upgrades/downgrades for Associated Banc-Corp. An analyst rating is a classification that gives investors a sense of analyst sentiment about the direction and performance of an equity - usually a stock - over a period of time, typically 12 months.
The standard analyst ratings are generally as follows:
- Buy/Overweight/Outperform - Any of these ratings conveys an analyst’s belief that the stock is likely to outperform a market index (e.g. the S&P 500).
- Hold/Equal-Weight/Market Perform - Any of these ratings conveys an analyst’s belief that the stock is likely to perform in line with a market index.
- Sell/Underweight/Underperform - Any of these ratings suggest that an analyst believes the stock is likely to underperform a market index.
When an analyst upgrades a stock, they are signaling that the company’s fundamentals are being undervalued by investors. It could also mean they believe the market is underestimating the company’s potential. The opposite is true when a stock receives a downgrade.
The average rating of each individual analyst’s rating is the consensus rating for a stock. This gives investors a broader sense of the overall sentiment for that stock.
| Date | Analyst | Prior | Latest Recommendation |
Action |
|---|---|---|---|---|
| 2022-10-25 | B of A Securities | Underperform | Neutral | Upgrade |
| 2022-04-22 | Piper Sandler | Neutral | Maintains | |
| 2022-03-21 | Wells Fargo | Equal-Weight | Overweight | Upgrade |
| 2022-01-18 | B of A Securities | Underperform | Reiterate | |
| 2021-10-22 | RBC Capital | Sector Perform | Maintains | |
| 2021-10-07 | Wells Fargo | Equal-Weight | Maintains | |
| 2021-06-04 | Wells Fargo | Overweight | Equal-Weight | Downgrade |
| 2021-06-03 | RBC Capital | Sector Perform | Maintains | |
| 2021-01-22 | B of A Securities | Neutral | Maintains | |
| 2020-10-08 | Wells Fargo | Equal-Weight | Overweight | Upgrade |
| 2020-09-29 | Piper Sandler | Neutral | Maintains | |
| 2020-07-09 | Jefferies | Buy | Hold | Downgrade |
| 2020-05-19 | SunTrust Robinson Humphrey | Hold | Maintains | |
| 2020-05-15 | CFRA | Hold | Maintains | |
| 2020-05-05 | RBC Capital | Sector Perform | Maintains | |
| 2020-04-24 | RBC Capital | Sector Perform | Maintains | |
| 2020-03-30 | Wells Fargo | Underweight | Equal-Weight | Upgrade |
| 2020-02-20 | Raymond James | Underperform | Market Perform | Upgrade |
| 2020-01-06 | Wells Fargo | Equal-Weight | Underweight | Downgrade |
| 2019-01-10 | Bank of America | Neutral | Underperform | Downgrade |
| 2019-01-08 | Jefferies | Hold | Buy | Upgrade |
| 2018-12-11 | Morgan Stanley | Equal-Weight | Equal-Weight | Maintains |
| 2018-10-19 | Baird | Outperform | Outperform | Maintains |
| 2018-09-18 | Morgan Stanley | Equal-Weight | Equal-Weight | Maintains |
| 2018-04-24 | DA Davidson | Neutral | Neutral | Maintains |
| 2018-04-23 | Barclays | Equal-Weight | Equal-Weight | Maintains |
| 2018-04-20 | Sandler O'Neill | Hold | Buy | Upgrade |
| 2018-04-20 | DA Davidson | Neutral | Neutral | Maintains |
| 2018-04-20 | Baird | Neutral | Outperform | Upgrade |
| 2018-01-31 | Morgan Stanley | Equal-Weight | Equal-Weight | Maintains |
| 2017-12-13 | Morgan Stanley | Equal-Weight | Maintains | |
| 2017-10-23 | Barclays | Equal-Weight | Maintains | |
| 2017-09-06 | DA Davidson | Underperform | Neutral | Upgrade |
| 2016-12-21 | SunTrust Robinson Humphrey | Hold | Initiate | |
| 2016-12-15 | Bank of America | Underperform | Neutral | Upgrade |
| 2016-12-06 | Barclays | Equal-Weight | Maintains | |
| 2016-11-28 | Jefferies | Buy | Hold | Downgrade |
| 2016-10-11 | Deutsche Bank | Buy | Maintains | |
| 2016-10-03 | DA Davidson | Underperform | Initiate | |
| 2016-08-16 | Barclays | Equal-Weight | Maintains | |
| 2016-04-01 | Macquarie | Neutral | Underperform | Downgrade |
| 2016-01-12 | Stephens & Co. | Equal-Weight | Initiate | |
| 2015-10-09 | Barclays | Equal-Weight | Maintains | |
| 2015-07-17 | Keefe Bruyette & Woods | Market Perform | Maintains | |
| 2015-06-29 | SunTrust Robinson Humphrey | Neutral | Maintains | |
| 2015-06-16 | Barclays | Equal-Weight | Maintains | |
| 2015-04-17 | Keefe Bruyette & Woods | Market Perform | Maintains | |
| 2015-01-23 | Keefe Bruyette & Woods | Market Perform | Maintains | |
| 2015-01-23 | Barclays | Equal-Weight | Maintains | |
| 2023-04-06 | Keefe, Bruyette & Woods | Market Perform | Maintains | |
| 2023-04-05 | Wells Fargo | Overweight | Maintains | |
| 2023-04-21 | RBC Capital | Sector Perform | Reiterate | |
| 2023-10-04 | Wells Fargo | Overweight | Equal-Weight | Downgrade |
| 2023-09-05 | Baird | Neutral | Outperform | Upgrade |
| 2023-07-06 | Raymond James | Market Perform | Outperform | Upgrade |
| 2023-07-21 | Stephens & Co. | Equal-Weight | Equal-Weight | Maintains |
| 2023-11-10 | RBC Capital | Sector Perform | Sector Perform | Maintains |
| 2023-11-10 | Piper Sandler | Neutral | Neutral | Maintains |
| 2023-07-24 | Raymond James | Outperform | Outperform | Maintains |
| 2023-10-20 | RBC Capital | Sector Perform | Sector Perform | Maintains |
| 2023-10-20 | Piper Sandler | Neutral | Neutral | Maintains |
| 2023-12-04 | Keefe, Bruyette & Woods | Market Perform | Market Perform | Maintains |
| 2024-04-26 | Barclays | Equal-Weight | Equal-Weight | Maintains |
| 2024-01-29 | Raymond James | Outperform | Outperform | Maintains |
| 2024-01-26 | Piper Sandler | Neutral | Neutral | Maintains |
| 2024-01-26 | RBC Capital | Sector Perform | Sector Perform | Maintains |
| 2024-04-26 | Stephens & Co. | Equal-Weight | Equal-Weight | Reiterate |
| 2024-03-08 | Barclays | Equal-Weight | Initiate | |
| 2024-04-09 | RBC Capital | Sector Perform | Sector Perform | Reiterate |
| 2024-04-10 | Wells Fargo | Equal-Weight | Equal-Weight | Maintains |
| 2024-06-24 | Barclays | Equal-Weight | Equal-Weight | Maintains |
| 2024-07-03 | Jefferies | Hold | Hold | Maintains |
| 2024-07-26 | Piper Sandler | Neutral | Neutral | Maintains |
| 2024-07-26 | RBC Capital | Sector Perform | Sector Perform | Maintains |
| 2024-07-26 | Keefe, Bruyette & Woods | Market Perform | Market Perform | Maintains |
| 2024-07-26 | Baird | Neutral | Neutral | Maintains |
| 2025-01-27 | Wells Fargo | Equal-Weight | Equal-Weight | Maintains |
| 2024-09-27 | Barclays | Equal-Weight | Equal-Weight | Maintains |
| 2024-07-17 | Baird | Outperform | Neutral | Downgrade |
| 2024-10-25 | RBC Capital | Sector Perform | Sector Perform | Maintains |
| 2024-10-25 | Barclays | Equal-Weight | Equal-Weight | Maintains |
| 2024-07-30 | Stephens & Co. | Equal-Weight | Equal-Weight | Reiterate |
| 2025-05-13 | Truist Securities | Hold | Initiate | |
| 2025-01-24 | Stephens & Co. | Equal-Weight | Equal-Weight | Reiterate |
| 2025-01-24 | Baird | Neutral | Neutral | Maintains |
| 2025-01-24 | RBC Capital | Sector Perform | Sector Perform | Maintains |
| 2025-01-24 | Keefe, Bruyette & Woods | Market Perform | Market Perform | Maintains |
| 2024-12-04 | Keefe, Bruyette & Woods | Market Perform | Market Perform | Maintains |
| 2024-12-19 | Barclays | Equal-Weight | Equal-Weight | Maintains |
| 2024-12-05 | Piper Sandler | Neutral | Neutral | Maintains |
| 2024-12-05 | Keefe, Bruyette & Woods | Market Perform | Market Perform | Maintains |
| 2024-12-05 | RBC Capital | Sector Perform | Sector Perform | Reiterate |
| 2024-12-05 | Barclays | Equal-Weight | Equal-Weight | Maintains |
| 2025-03-25 | Stephens & Co. | Equal-Weight | Equal-Weight | Reiterate |
| 2025-03-10 | Raymond James | Outperform | Outperform | Maintains |
| 2025-04-08 | Barclays | Equal-Weight | Equal-Weight | Maintains |
| 2024-12-03 | Wells Fargo | Equal-Weight | Equal-Weight | Maintains |
| 2025-04-09 | Wells Fargo | Equal-Weight | Overweight | Upgrade |
| 2025-07-10 | Wells Fargo | Overweight | Overweight | Maintains |
| 2025-04-25 | Keefe, Bruyette & Woods | Market Perform | Market Perform | Maintains |
| 2025-04-25 | Stephens & Co. | Equal-Weight | Equal-Weight | Maintains |
| 2025-07-25 | Baird | Neutral | Neutral | Maintains |
| 2025-07-25 | Piper Sandler | Neutral | Neutral | Maintains |
| 2025-07-25 | RBC Capital | Sector Perform | Sector Perform | Maintains |
| 2025-07-25 | Keefe, Bruyette & Woods | Market Perform | Market Perform | Maintains |
| 2025-07-28 | Truist Securities | Hold | Hold | Maintains |
| 2025-07-28 | Barclays | Equal-Weight | Equal-Weight | Maintains |
| 2025-07-08 | Barclays | Equal-Weight | Equal-Weight | Maintains |
