Financial Services

Associated Banc-Corp (ASB)

$27.59
+1.47%
$5.3B
Market Cap
9.7
P/E Ratio
0.79
Beta
3.42%
Dividend Yield
Piotroski 7/9Altman Z 0.2 Distress

Quantitative Summary

Deterministic

At 9.7x earnings — a 50% discount to the sector average of 19.2x — ASB is in the lower valuation range. Strong operational fundamentals (Piotroski 7/9) with Altman Z of 0.2. DCF fair value of $50 implies 80% upside from current prices based on model assumptions.

Generated deterministically from quant metrics and financial statements. Not a recommendation.

DCF Sandbox

Interactive
Market Price
$27.59
Fair Value
$49
Implied Upside
+79.3%
$49IMPLIED FAIR VALUEUNDERVALUEDOVERUNDER
Growth Rate (Y1–5)1%
-10%20%50%
Discount Rate (WACC)8.8%
5%12.5%20%

5-year two-stage DCF. Terminal growth 3%. Default sliders match the pre-computed base case. Drag to explore scenarios. Not investment advice.

Reverse DCFMarket-Implied
-7.9%annual FCF growth priced in at $27.59

The growth rate the market implicitly expects over the next 10 years to justify today's price. Compare with historical growth of 44% YoY revenue.

Sensitivity Matrix

TG ↓ / WACC →6.7%8.7%10.7%
2%$62$45$35
3%$74$50$38
4%$96$58$42

Center = base case. Green = >10% upside, Red = >10% downside vs $27.59.

Pre-computed DCF: WACC=8.8%, terminal growth 3%. Fair value $50 (+79.5%). Not investment advice.

Valuation Context

9.7x
ASB P/E
19.2x
Sector Avg
8.1x
5Y Avg P/E
-50%
vs Sector

Currently trading 22% above its 5-year average P/E of 8.1x.

Price Chart with Moving Averages

Loading chart...
SMA 50 SMA 200

Technical Setup

AI Generated

Associated Banc-Corp currently trades at $27.22, a position that requires contextualizing against its moving averages to determine the prevailing trend direction and momentum strength. Without specific average values provided in this snapshot, the immediate assessment relies on interpreting how this price point interacts with historical cost bases; if the current level sits above key short-term and long-term moving averages, it typically signals an uptrend where buyers are maintaining control over sellers. Conversely, a position below these benchmarks would suggest downward pressure or a corrective phase within a broader bearish context. The Relative Strength Index serves as a critical gauge for short-term momentum dynamics at this specific price level. Although the exact RSI reading is not listed here, its value relative to standard thresholds like 30 or 70 offers insight into potential overbought or oversold conditions. A high reading near the upper extreme might indicate that recent gains have been aggressive and could face resistance, while a low reading approaching the lower boundary often points to depleted selling pressure and possible stabilization. Observing where these indicators align with the $27.22 price point helps clarify whether the asset is exhibiting strong bullish momentum or facing potential exhaustion in its current trajectory. Ultimately, the interplay between the current trading price of $27.22, the slope of moving averages, and the RSI value creates a composite picture of market sentiment for Associated Banc-Corp. These technical factors collectively highlight whether short-term forces are supporting further appreciation or if corrective

RSI (14)
SMA 50
SMA 200

Quant Health Deep Dive

7/9
Piotroski F-Score
Strong — high operational efficiency and profitability signals
0.2
Altman Z-Score
Distress Zone — below 1.8 threshold per academic model. Thresholds: >3 safe, 1.8–3 grey, <1.8 distress.

Profitability & Value Creation

32.1%
Net Margin
8.8%
WACC
+43.7%
Revenue Growth (YoY)
+285.5%
Earnings Growth (YoY)
579.3M
Free Cash Flow
29%
FCF Payout Ratio

✅ Conservative payout — room for dividend increases.

DuPont Analysis — ROE Decomposition

Breaking down Return on Equity to see how the company generates its ROE — efficiency, margins, or leverage.

32.1%
Net Profit Margin
NI ÷ Revenue
×
0.03x
Asset Turnover
Revenue ÷ Assets
×
9.09x
Equity Multiplier
Assets ÷ Equity
=
9.5%
Return on Equity
⚠️ High equity multiplier — ROE is being amplified by leverage, not operational excellence.

Balance Sheet Health

8.09x
Debt / Equity
12.98%
FCF Yield

Insider Activity (Last 90 Days)

Net Insider Flow
$-677,819
Net Selling
0
Buy Transactions
3
Sale Transactions
2026-03-16LUDGATE KRISTEN MARIEGrant$1,082
2026-03-16UTZ JOHN ASold 2/5 qtrsGrant$12,762
2026-03-16HADDAD MICHAEL J.Grant$1,082
2026-03-16JONES-TYSON RODNEYGrant$1,082
2026-03-16MEYER DEREK SGrant$1,254

Open-market buys vs sells by company insiders. Source: yfinance.

Earnings Surprise History

Q4
✓ Beat
Est: $0.57
Act: $0.63
+9.7%
Q3
✓ Beat
Est: $0.62
Act: $0.65
+5.6%
Q2
✓ Beat
Est: $0.68
Act: $0.73
+8.1%
Q1
✓ Beat
Est: $0.70
Act: $0.80
+14.2%

EPS estimates vs actuals for the most recent reported quarters. Source: yfinance.

Dividend History

$0.2400
Latest Dividend
$0.93
2025 Total
+4.5%
YoY Growth
9 yrs
Consecutive Increases
Annual Dividends per Share
$0.23
2016
$0.50
2017
$0.62
2018
$0.69
2019
$0.72
2020
$0.76
2021
$0.81
2022
$0.85
2023
$0.89
2024
$0.93
2025
$0.48
2026
DateAmountChange
2026-06-01$0.24000.0%
2026-03-02$0.24000.0%
2025-12-01$0.2400+4.3%
2025-09-02$0.23000.0%
2025-06-02$0.23000.0%
2025-03-03$0.23000.0%
2024-12-02$0.2300+4.5%
2024-09-03$0.22000.0%
2024-06-03$0.22000.0%
2024-02-29$0.22000.0%
2023-11-30$0.2200+4.8%
2023-08-31$0.21000.0%
Stock Splits
2004-05-13: 1.5:12002-04-25: 1.1:12000-05-30: 1.1:11998-06-15: 1.25:11997-03-03: 1.2:11995-06-16: 1.25:11993-08-16: 1.1:11990-05-10: 1.1:11987-05-12: 1.1:11985-09-18: 2:1

Dividend and split data from SEC filings and market data. Amounts are per share, not adjusted for splits. Source: yfinance.

Risk Profile

32.3%
Annual Volatility
1.17
Sharpe (1Y)
0.62
Sharpe (3Y)
-31.6%
Max Drawdown (3Y)
-41.4%
Max Drawdown (5Y)

Sharpe = risk-adjusted return (higher is better). Max drawdown = largest peak-to-trough decline. 1,200+ trading days.

Underwater (Drawdown from Peak)

How far below the all-time high the price has been over time. Deeper = more pain for holders.

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Rolling 60-Day Beta vs S&P 500 (VOO)

How the stock's sensitivity to market moves changes over time. β > 1 = more volatile than the market.

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Rolling Beta Market (β = 1.0)

Fundamentals

8.6
Forward P/E
1.78
PEG Ratio
0.94
Price/Book
2M
Avg Volume
$29.52
52W High
$22.48
52W Low
73%
52W Range Position

Passive Flow Attribution

ETF Draft Effect
$293M
Tracked Passive Exposure
8
ETFs Holding ASB
0.09%
Avg Weight in ETFs
$325B
Total ETF AUM

When investors buy or sell ETFs like KRE or KBE, the fund manager is mechanically forced to buy or sell ASB shares regardless of Associated Banc-Corp's individual fundamentals. We estimate $293M of passive capital is structurally linked to ASB through 8 tracked ETFs. Passive flows have a limited but growing influence on ASB's daily trading dynamics.

Passive exposure = Σ (ETF AUM × stock weight in ETF) across 8 tracked ETFs. Actual passive ownership is larger (includes mutual funds). Not investment advice.

ETF Contagion Visualizer

Simulate a price drop in Associated Banc-Corp to visualize passive redemption contagion across ETFs and collateral stocks.

ASB Shock
-0%
Est. Passive Redemption
$0
Systemic Risk
STABLE
ASBEpicenterVYMETFVXFETFVBRETFPNFPHigh RiskUMBFHigh RiskEWBCHigh RiskWTFCHigh RiskFHNHigh Risk
ASB Price Drop (%)0

If Associated Banc-Corp (ASB) experiences a significant drawdown, ETF redemptions can create collateral selling pressure on co-held stocks. Our model identifies PINNACLE FINANCIAL PARTNERS (PNFP) as the most exposed collateral stock, sharing 3 ETFs with ASB. This is the "Passive Contagion" effect described in the Inelastic Market Hypothesis.

Contagion model based on shared ETF exposure and constituent weights across 13 tracked ETFs. Estimated selling pressure is a simplified model — actual impact depends on market liquidity, ETF redemption mechanics, and market-maker activity.

ASB Ownership Dynamics

Passive funds hold 1 in every 17 ASB shares, reducing daily market volatility.

Ticker
ASB
Total Shares
189M
ETF Lock-Up
5.9%
Display Mode
Total Float Impact
5.9%Locked Float

Associated Banc-Corp (ASB) exerts measurable gravity on the passive index market, currently representing 1.6% of the KRE (KRE) and 1.1% of the KBE (KBE). Across 13 tracked ETFs, approximately 11M shares (5.9% of float) are held by passive funds and rarely trade on the open market. As passive ownership grows, index inclusion changes may increasingly drive price discovery.

Float lock-up computed from 13 ETFs tracked by SecuritiesDB. Actual passive ownership is higher (includes mutual funds, pension funds, etc.).

ASB Institutional Volume Profile

252-day volume distribution by price level. The Point of Control (POC) marks the price where the most institutional volume transacted — an implicit support/resistance floor.

TICKER
ASB
PRICE
$27.59
FLOOR (POC)
$25.02
STRENGTH
High
$22$22$23$23$24$24$24$259%$25POC 12%$258%$269%$269%$269%$27$27$286%$27.59$28$28$29$29
Focus Zone
Point of Control (POC) Support (below price) Resistance (above price) Current Price

The highest-volume price zone for Associated Banc-Corp over the past year sits near $25.02 (12% of 252-day volume). The current price of $27.59 trades 10.3% above this institutional floor — a sign of upside momentum, though a pullback to the POC zone is a common reversion target. The highly concentrated volume profile (12% at POC) indicates strong consensus on fair value — institutional participants have repeatedly transacted near this price.

Volume Profile computed from 252 trading days of OHLCV data. Volume allocated to price bins proportionally based on daily high-low range. Not investment advice.

Fails-to-Deliver (FTD) History

SEC-reported settlement failures. Elevated FTDs can indicate high short-selling pressure, operational settlement issues, or naked shorting activity.

DateFailed SharesClose PriceNotional Value
2026-05-1340,681$27.92$1.1M
2026-05-051$27.89$27.89
2026-04-17133$27.45$3,650.85
2026-03-31121$24.96$3,020.16
2026-03-272,144$25.38$54,414.72
2026-03-252,116$24.96$52,815.36
2026-03-231,054$24.43$25,749.22
2026-03-13763$24.70$18,846.1
2026-02-2721$28.08$589.68
2026-02-091$29.37$29.37
2026-02-0618$28.70$516.6
2026-02-042,176$28.24$61,450.24
2026-02-03193$27.80$5,365.4
2026-01-264$26.44$105.76
2026-01-236,742$27.47$185,202.74
2025-12-17517$26.76$13,834.92
2025-12-128,756$27.14$237,637.84
2025-12-01341$26.29$8,964.89
2025-11-0429$24.89$721.81
2025-10-301$24.82$24.82
2025-10-27179$25.59$4,580.61
2025-10-24200$25.32$5,064
2025-10-206$24.36$146.16
2025-10-15207$26.37$5,458.59
2025-10-07289$26.60$7,687.4
2025-10-061,992$26.00$51,792

Source: SEC Regulation SHO FTD data. Data is reported with a ~30 day delay. High FTD quantities relative to average daily volume may indicate settlement stress.

Price Correlations

Statistical correlation of daily returns with other stocks. High correlations indicate stocks that move together; negative correlations can offer diversification.

Peer252-Day (1Y)126-Day (6M)Direction
WTGXXNaNNaN
FNB0.9170.908High co-movement
ONB0.9030.923High co-movement
FULT0.8970.905High co-movement
WTFC0.8920.892High co-movement
HWC0.8910.872High co-movement
CFG0.8780.871High co-movement
KEY0.8770.876High co-movement
AUB0.8700.863High co-movement
SSB0.8690.863High co-movement

Pearson correlation of daily log returns. 252d ≈ 1 trading year. Computed from price history. Not investment advice.

Compare ASB to Peers

Quant metrics computed deterministically from financial statements and price data. Updated: 2026-06-02.

SecuritiesDB provides programmatic data aggregation for informational purposes only. None of the metrics, summaries, or algorithmic flags constitute a recommendation to buy or sell any security.