Associated Banc-p(ASB)

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ASB or UMBF: Which Is the Better Value Stock Right Now?
ZACKS· 2025-07-07 16:41
Core Viewpoint - The article compares Associated Banc-Corp (ASB) and UMB Financial (UMBF) to determine which stock is more attractive to value investors [1] Valuation Metrics - ASB has a forward P/E ratio of 10.37, while UMBF has a forward P/E of 11.83 [5] - ASB's PEG ratio is 1.13, compared to UMBF's PEG ratio of 1.29, indicating ASB may offer better value considering expected earnings growth [5] - ASB's P/B ratio is 0.95, while UMBF's P/B ratio is 1.26, suggesting ASB is undervalued relative to its book value [6] Earnings Outlook - ASB is currently experiencing an improving earnings outlook, which enhances its attractiveness in the Zacks Rank model [7] - ASB holds a Zacks Rank of 2 (Buy), while UMBF has a Zacks Rank of 4 (Sell), indicating a more favorable earnings estimate revision for ASB [3]
ASSOCIATED BANK ANNOUNCES THIRD ANNUAL DAY OF SERVICE
Prnewswire· 2025-06-23 14:00
Core Viewpoint - Associated Banc-Corp is actively engaging its employees in community service through its third annual Day of Service event, emphasizing its commitment to community support and development [1][4][6]. Group 1: Day of Service Event - The Day of Service event will take place on June 25, 2025, with over 2,400 employees volunteering across Wisconsin, Illinois, Minnesota, and parts of Missouri [1]. - Employees will receive additional volunteer time off to participate in initiatives focused on food security, youth support services, and financial education [1][3]. - The event includes various volunteer activities such as repacking food at food banks, community gardening, and engaging with youth centers [3]. Group 2: Community Grants and Support - Associated Banc-Corp is distributing $17,500 in community grants to a dozen nonprofits, including a grant for sporting equipment for the Jackie Joyner-Kersee Foundation [2]. - The sporting equipment will be utilized during a sports-themed financial education session at the foundation's youth summer camp [2]. Group 3: Historical Impact and Commitment - Since its inception in 2023, the Day of Service has contributed over 13,300 volunteer hours, equating to a community service value of $435,000 [5]. - In 2024, 58% of Associated employees participated in Day of Service activities at 163 nonprofit organizations across 110 cities [5]. - The company has a broader commitment to community development, including a $2 billion Community Commitment Plan for loans and investments [6]. Group 4: Company Overview - Associated Banc-Corp has total assets of $43 billion and is the largest bank holding company based in Wisconsin, operating nearly 200 banking locations [7]. - The company offers a full range of financial products and services and serves over 100 communities in the Midwest [7].
Associated Bank makes significant investment in Downtown Minneapolis with move to iconic IDS Center to accommodate rapid growth
Prnewswire· 2025-06-12 18:06
Strategic relocation to IDS Center unifies new branch location and larger office space in one premier buildingMINNEAPOLIS, June 12, 2025 /PRNewswire/ -- Associated Banc-Corp (NYSE: ASB) ("Associated") today announced it is moving its Minneapolis office to the IDS Center's 43rd floor at 80 S 8th St. The move is expected to happen in Spring 2026, and construction is expected to start in August 2025. Rendering of Associated Bank IDS Center office space. "The IDS Center is an iconic symbol of Minneapolis—y ...
Associated Bank launches AI Academy, a summer youth education program
Prnewswire· 2025-06-10 15:12
Core Viewpoint - Associated Banc-Corp is launching the Associated Bank AI Academy, a pilot program aimed at enhancing digital skills and financial literacy among Milwaukee youth, in partnership with Boys and Girls Clubs of Greater Milwaukee and Milky Way Tech Hub [1][2] Program Details - The Associated Bank AI Academy is a six-week curriculum targeting sixth to eighth grade students, focusing on artificial intelligence, financial literacy, and entrepreneurship, including hands-on instruction in prompt engineering and data science fundamentals [1][2] - The program will commence on July 7, starting with a cohort of 15-20 students, and will be facilitated by Milky Way Tech Hub with support from Associated Bank employee volunteers [4] Community Impact - The initiative aims to empower young individuals with essential skills to navigate the future of technology and finance, aligning with Associated Bank's commitment to community support and innovation in youth education [2][3] - The program includes an incentive system called "Associated Bank Bucks," which rewards students for participation and performance, allowing them to exchange these bucks for merchandise and exclusive rewards [2] Future Plans - There are plans to expand the program following a successful pilot, with collaborative efforts to promote the initiative across Milwaukee [5] Company Background - Associated Banc-Corp has total assets of $43 billion and is the largest bank holding company based in Wisconsin, offering a full range of financial products and services across multiple states [6][7]
Why Associated Banc-Corp (ASB) is a Great Dividend Stock Right Now
ZACKS· 2025-06-02 16:46
Company Overview - Associated Banc-Corp (ASB) is headquartered in Green Bay and has experienced a price change of -3.05% this year [3] - The company currently pays a dividend of $0.23 per share, resulting in a dividend yield of 3.97%, which is higher than the Banks - Midwest industry's yield of 3.13% and the S&P 500's yield of 1.57% [3] Dividend Performance - The current annualized dividend of $0.92 represents a 3.4% increase from the previous year [4] - Over the past five years, Associated Banc-Corp has increased its dividend four times, averaging an annual increase of 5.65% [4] - The company's payout ratio is currently 41%, indicating that it pays out 41% of its trailing 12-month earnings per share as dividends [4] Earnings Growth Expectations - For the fiscal year, ASB anticipates solid earnings growth, with the Zacks Consensus Estimate for 2025 projected at $2.49 per share, reflecting a year-over-year growth rate of 4.62% [5] Investment Considerations - Associated Banc-Corp is viewed as a compelling investment opportunity due to its strong dividend profile and current Zacks Rank of 3 (Hold) [7]
Why Associated Banc-Corp (ASB) is a Top Dividend Stock for Your Portfolio
ZACKS· 2025-05-16 16:46
Company Overview - Associated Banc-Corp (ASB) is headquartered in Green Bay and operates in the Finance sector [3] - The stock has experienced a price change of 1.76% since the beginning of the year [3] Dividend Information - Associated Banc-Corp currently pays a dividend of $0.23 per share, resulting in a dividend yield of 3.78% [3] - This yield is higher than the Banks - Midwest industry's yield of 3.14% and the S&P 500's yield of 1.55% [3] - The annualized dividend of $0.92 has increased by 3.4% from the previous year [4] - Over the last 5 years, the company has raised its dividend 4 times, averaging an annual increase of 5.65% [4] - The current payout ratio is 41%, indicating that 41% of its trailing 12-month EPS is distributed as dividends [4] Earnings Growth Expectations - For the fiscal year, ASB anticipates solid earnings growth, with the Zacks Consensus Estimate for 2025 at $2.48 per share, reflecting a year-over-year growth rate of 4.20% [5] Investment Considerations - ASB is considered a compelling investment opportunity due to its strong dividend profile and current Zacks Rank of 3 (Hold) [7] - The company is positioned as a strong dividend play, appealing to income investors [7]
Associated Banc-Corp (ASB) is a Top-Ranked Momentum Stock: Should You Buy?
ZACKS· 2025-05-09 14:55
Core Insights - Zacks Premium offers various tools for investors to enhance their stock market strategies, including daily updates, research reports, and stock screens [1][2] - The Zacks Style Scores provide a rating system for stocks based on value, growth, and momentum, helping investors identify securities with high potential for market outperformance [2][3] Zacks Style Scores Overview - Stocks are rated from A to F based on their value, growth, and momentum characteristics, with A being the highest score indicating better chances of outperforming the market [3] - The Style Scores are categorized into four types: Value Score, Growth Score, Momentum Score, and VGM Score, each focusing on different investment strategies [3][4][5][6] Value Score - The Value Score identifies attractive stocks using financial ratios such as P/E, PEG, Price/Sales, and Price/Cash Flow, targeting undervalued stocks [3] Growth Score - The Growth Score assesses stocks based on projected and historical earnings, sales, and cash flow, aiming to find companies with sustainable growth potential [4] Momentum Score - The Momentum Score evaluates stocks based on recent price changes and earnings estimate revisions, assisting investors in capitalizing on upward or downward trends [5] VGM Score - The VGM Score combines all three Style Scores, providing a comprehensive rating that highlights stocks with the best value, growth forecasts, and momentum [6] Zacks Rank Integration - The Zacks Rank utilizes earnings estimate revisions to help investors build successful portfolios, with 1 (Strong Buy) stocks historically yielding an average annual return of +25.41% since 1988 [7][8] - Investors are encouraged to select stocks with a Zacks Rank of 1 or 2 and Style Scores of A or B for optimal returns [9] Stock Highlight: Associated Banc-Corp (ASB) - Associated Banc-Corp is currently rated 3 (Hold) with a VGM Score of B, indicating a stable position in the market [11] - The stock has a Momentum Style Score of A, with a notable 20.6% increase in share price over the past four weeks, and upward revisions in earnings estimates for fiscal 2025 [12]
Associated Bank announces promotion of Steven Zandpour to executive vice president, head of consumer and business banking
Prnewswire· 2025-05-08 13:10
Core Viewpoint - Associated Banc-Corp has announced the promotion of Steven Zandpour to executive vice president, head of consumer and business banking, effective July 1, 2025, succeeding David Stein who will retire at the end of 2025 after over 20 years with the company [1][5]. Group 1: Leadership Transition - Steven Zandpour joined Associated Bank in January 2024 and has held various leadership roles, including executive vice president, director of retail banking, and deputy head of consumer and business banking [2][3]. - Zandpour's leadership style is characterized by a people-first approach, which has contributed to business growth and improved customer experience [2]. Group 2: Responsibilities and Strategic Focus - Zandpour will oversee revenue growth for consumer and business banking, the bank's branch network, contact centers, digital banking, consumer risk, customer experience, retail strategy, and community accountability teams [3][4]. - Recent initiatives under Zandpour's leadership include the launch of family banking solutions and a needs-based customer conversation model aimed at enhancing customer engagement and satisfaction [4]. Group 3: Company Overview - Associated Banc-Corp has total assets of $43 billion and is the largest bank holding company based in Wisconsin, operating nearly 200 banking locations across multiple states [6].
Associated Bank announces David Stein retirement
Prnewswire· 2025-05-08 13:05
Stein will transition to executive vice president, strategic advisor and Madison market president through the end of 2025GREEN BAY, Wis., May 8, 2025 /PRNewswire/ -- Associated Banc-Corp (NYSE: ASB) ("Associated") today announced David Stein's retirement after more than 20 years with the company. Effective July 1, Stein will step down as executive vice president, head of consumer and business banking and transition to executive vice president, strategic advisor, assisting with development of the bank's stra ...
Why Associated Banc-Corp (ASB) is a Top Value Stock for the Long-Term
ZACKS· 2025-05-07 14:46
For new and old investors, taking full advantage of the stock market and investing with confidence are common goals. Zacks Premium provides lots of different ways to do both.Featuring daily updates of the Zacks Rank and Zacks Industry Rank, full access to the Zacks #1 Rank List, Equity Research reports, and Premium stock screens, the research service can help you become a smarter, more self-assured investor.Zacks Premium includes access to the Zacks Style Scores as well. What are the Zacks Style Scores? The ...