Stock Analysis: Associated Banc-Corp (ASBC)
Linked here is a PDF copy of my detailed analysis of Associated Banc-Corp (ASBC) (alt.1, alt.2). Below are some highlights from the above linked analysis:
Company Description: Associated Banc-Corp operates as the bank holding company in the United States. It offers various banking and nonbanking services to individuals, businesses, and governments/municipalities in Wisconsin, Minnesota, and Illinois.
Fair Value: I consider four calculations of fair value, see page 2 of the linked PDF for a detailed description:
- Avg. High Yield Price
- 20-Year DCF Price
- Avg. P/E Price
- Graham Number
ASBC is trading at a discount to 1.), 3.) and 4.) above. If I exclude the high and low valuations and average the remaining two, ASBC is trading at a 11.9% discount. ASBC earned a Star in this section since it is trading at a fair value.
Dividend Analytical Data: In this section I consider five factors, see page 2 of the linked PDF for a detailed description:
- Rolling 4-yr Div. > 15%
- Dividend Growth Rate
- Years of Div. Growth
- 1-Yr. > 5-Yr Growth
- Payout 15% of avg.
ASBC earned one Star in this section for 3.) above. ASBC has paid a cash dividend to shareholders every year since 1970 and has increased its dividend payments for 38 consecutive years.
Dividend Income vs.
The above story is the opinion of the author only and it does not reflect
iStockAnalyst opinion. Further, the author is not personally advising you
regarding the suitability of the story for your investment needs. In no event
iStockAnalyst will be liable for any loss or damage including without
limitation, indirect or consequential loss or damage, or any loss or damage
whatsoever arising from or arising out of, or in connection with the use of this
information. Please consult your investment advisor before making any investment
decision.
