Associated Banc-Corp (ASB) to Issue Quarterly Dividend of $0.24 on March 16th

Associated Banc-Corp (NYSE:ASB) declared a quarterly dividend on Tuesday, January 27th. Stockholders of record on Monday, March 2nd will be paid a dividend of 0.24 per share by the bank on Monday, March 16th. This represents a c) dividend on an annualized basis and a dividend yield of 3.6%. The ex-dividend date is Monday, March 2nd.

Associated Banc has raised its dividend payment by an average of 0.1%per year over the last three years and has increased its dividend annually for the last 13 consecutive years. Associated Banc has a payout ratio of 35.2% indicating that its dividend is sufficiently covered by earnings. Equities analysts expect Associated Banc to earn $2.66 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 36.1%.

Associated Banc Price Performance

Shares of NYSE ASB opened at $26.39 on Friday. The stock has a market cap of $4.38 billion, a price-to-earnings ratio of 9.53, a PEG ratio of 1.28 and a beta of 0.81. The company has a debt-to-equity ratio of 0.81, a quick ratio of 0.90 and a current ratio of 0.90. Associated Banc has a fifty-two week low of $18.32 and a fifty-two week high of $29.51. The firm’s 50-day simple moving average is $27.16 and its 200 day simple moving average is $26.28.

Associated Banc (NYSE:ASB) last issued its quarterly earnings data on Thursday, January 22nd. The bank reported $0.80 EPS for the quarter, topping the consensus estimate of $0.69 by $0.11. Associated Banc had a return on equity of 10.25% and a net margin of 19.31%.The firm had revenue of $393.52 million during the quarter, compared to the consensus estimate of $382.06 million. During the same period in the prior year, the business posted $0.72 earnings per share. As a group, research analysts anticipate that Associated Banc will post 2.43 earnings per share for the current fiscal year.

Associated Banc announced that its Board of Directors has initiated a stock buyback program on Tuesday, January 27th that authorizes the company to buyback $100.00 million in shares. This buyback authorization authorizes the bank to reacquire up to 2.2% of its stock through open market purchases. Stock buyback programs are usually a sign that the company’s management believes its stock is undervalued.

About Associated Banc

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.