Zacks Research Lifts Earnings Estimates for Associated Banc

Associated Banc-Corp (NYSE:ASB) – Zacks Research boosted their Q1 2025 EPS estimates for shares of Associated Banc in a research note issued to investors on Thursday, January 23rd. Zacks Research analyst R. Department now forecasts that the bank will earn $0.52 per share for the quarter, up from their previous estimate of $0.51. The consensus estimate for Associated Banc’s current full-year earnings is $2.15 per share. Zacks Research also issued estimates for Associated Banc’s Q2 2025 earnings at $0.54 EPS, Q3 2025 earnings at $0.56 EPS, Q4 2025 earnings at $0.63 EPS, FY2025 earnings at $2.26 EPS, Q1 2026 earnings at $0.59 EPS, Q2 2026 earnings at $0.61 EPS, Q3 2026 earnings at $0.63 EPS, Q4 2026 earnings at $0.65 EPS and FY2026 earnings at $2.48 EPS.

Associated Banc (NYSE:ASB) last released its quarterly earnings results on Thursday, January 23rd. The bank reported $0.57 earnings per share for the quarter, beating analysts’ consensus estimates of $0.53 by $0.04. Associated Banc had a net margin of 8.15% and a return on equity of 8.18%.

Several other research firms have also recently commented on ASB. Robert W. Baird cut their target price on shares of Associated Banc from $28.00 to $26.00 and set a “neutral” rating for the company in a research note on Friday, January 24th. Wells Fargo & Company boosted their price target on shares of Associated Banc from $26.00 to $27.00 and gave the company an “equal weight” rating in a report on Monday. Royal Bank of Canada boosted their price target on Associated Banc from $26.00 to $27.00 and gave the company a “sector perform” rating in a research note on Friday, January 24th. Stephens reaffirmed an “equal weight” rating and issued a $28.00 target price on shares of Associated Banc in a report on Friday, January 24th. Finally, Keefe, Bruyette & Woods lifted their target price on shares of Associated Banc from $29.00 to $30.00 and gave the company a “market perform” rating in a research note on Friday, January 24th. Ten research analysts have rated the stock with a hold rating and one has issued a buy rating to the company. According to MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $26.78.

Associated Banc Price Performance

NYSE ASB opened at $24.66 on Monday. The company has a market cap of $3.73 billion, a P/E ratio of 20.55, a P/E/G ratio of 2.07 and a beta of 0.94. Associated Banc has a 1 year low of $19.40 and a 1 year high of $28.18. The company has a current ratio of 0.88, a quick ratio of 0.88 and a debt-to-equity ratio of 0.65. The company has a fifty day simple moving average of $25.16 and a 200 day simple moving average of $23.48.

Associated Banc Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, March 17th. Stockholders of record on Monday, March 3rd will be given a $0.23 dividend. This represents a $0.92 dividend on an annualized basis and a dividend yield of 3.73%. Associated Banc’s dividend payout ratio is presently 76.67%.

Insider Buying and Selling at Associated Banc

In other Associated Banc news, EVP David L. Stein sold 29,536 shares of Associated Banc stock in a transaction on Wednesday, November 6th. The shares were sold at an average price of $27.43, for a total transaction of $810,172.48. Following the completion of the transaction, the executive vice president now directly owns 81,021 shares of the company’s stock, valued at $2,222,406.03. The trade was a 26.72 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Company insiders own 1.45% of the company’s stock.

Institutional Trading of Associated Banc

Several hedge funds and other institutional investors have recently modified their holdings of ASB. State Street Corp increased its position in Associated Banc by 3.3% during the 3rd quarter. State Street Corp now owns 8,230,340 shares of the bank’s stock worth $177,282,000 after buying an additional 261,877 shares during the period. Geode Capital Management LLC increased its position in Associated Banc by 2.3% during the third quarter. Geode Capital Management LLC now owns 3,584,271 shares of the bank’s stock worth $77,219,000 after acquiring an additional 79,658 shares during the period. Verition Fund Management LLC raised its stake in Associated Banc by 11.2% in the 3rd quarter. Verition Fund Management LLC now owns 3,036,239 shares of the bank’s stock worth $65,401,000 after purchasing an additional 305,133 shares in the last quarter. Charles Schwab Investment Management Inc. boosted its holdings in Associated Banc by 0.8% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 2,137,125 shares of the bank’s stock valued at $46,034,000 after purchasing an additional 17,425 shares during the period. Finally, Millennium Management LLC grew its position in shares of Associated Banc by 291.3% during the 2nd quarter. Millennium Management LLC now owns 1,563,274 shares of the bank’s stock worth $33,063,000 after purchasing an additional 1,163,807 shares in the last quarter. Institutional investors own 82.98% of the company’s stock.

Associated Banc Company Profile

Associated Banc-Corp, a bank holding company, provides various banking and nonbanking products to individuals and businesses in Wisconsin, Illinois, and Minnesota. The company offers lending solutions, including commercial loans and lines of credit, commercial real estate financing, construction loans, letters of credit, leasing, asset based lending and equipment finance, loan syndications products, residential mortgages, home equity loans and lines of credit, personal and installment loans, auto finance and business loans, and business lines of credit.