Associated Banc-Corp (NYSE:ASB) Declares $0.24 Quarterly Dividend

Associated Banc-Corp (NYSE:ASB) announced 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 of this dividend is Monday, March 2nd.

Associated Banc has raised its dividend by an average of 0.1%per year over the last three years and has raised its dividend every year for the last 13 years. Associated Banc has a dividend 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 Stock Up 0.5%

Shares of Associated Banc stock traded up $0.15 during midday trading on Wednesday, hitting $26.90. The company had a trading volume of 875,212 shares, compared to its average volume of 2,375,750. The company has a debt-to-equity ratio of 0.81, a quick ratio of 0.90 and a current ratio of 0.90. The stock has a market capitalization of $4.46 billion, a P/E ratio of 9.71, a P/E/G ratio of 0.73 and a beta of 0.79. The company has a 50 day moving average of $26.32 and a 200 day moving average of $25.81. Associated Banc has a 52-week low of $18.32 and a 52-week high of $28.02.

Associated Banc (NYSE:ASB) last released its quarterly earnings results on Thursday, January 22nd. The bank reported $0.80 earnings per share for the quarter, topping the consensus estimate of $0.69 by $0.11. Associated Banc had a net margin of 19.31% and a return on equity of 10.25%. The business had revenue of $393.52 million for the quarter, compared to the consensus estimate of $382.06 million. During the same period last year, the firm earned $0.72 earnings per share. On average, equities analysts predict that Associated Banc will post 2.43 earnings per share for the current fiscal year.

Associated Banc declared that its board has authorized a share buyback plan on Tuesday, January 27th that authorizes the company to buyback $100.00 million in outstanding shares. This buyback authorization authorizes the bank to purchase up to 2.2% of its shares through open market purchases. Shares buyback plans are generally an indication that the company’s leadership believes its shares are undervalued.

Associated Banc Company Profile

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.