Zacks Research Expects Stronger Earnings for Associated Banc

Associated Banc-Corp (NYSE:ASB) – Stock analysts at Zacks Research lifted their Q4 2025 earnings estimates for Associated Banc in a report issued on Wednesday, November 13th. Zacks Research analyst R. Department now anticipates that the bank will earn $0.63 per share for the quarter, up from their prior forecast of $0.61. The consensus estimate for Associated Banc’s current full-year earnings is $2.12 per share. Zacks Research also issued estimates for Associated Banc’s FY2026 earnings at $2.44 EPS.

Several other research analysts also recently weighed in on ASB. StockNews.com upgraded Associated Banc from a “sell” rating to a “hold” rating in a research note on Thursday, October 31st. Keefe, Bruyette & Woods upped their target price on shares of Associated Banc from $23.00 to $24.00 and gave the stock a “market perform” rating in a research report on Friday, July 26th. Barclays lifted their price target on shares of Associated Banc from $23.00 to $24.00 and gave the company an “equal weight” rating in a report on Friday, October 25th. Royal Bank of Canada increased their price objective on shares of Associated Banc from $24.00 to $25.00 and gave the company a “sector perform” rating in a report on Friday, October 25th. Finally, Stephens reiterated an “equal weight” rating and issued a $24.00 target price on shares of Associated Banc in a research report on Tuesday, July 30th. Ten research analysts have rated the stock with a hold rating and one has issued a buy rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $23.89.

Associated Banc Stock Performance

NYSE ASB opened at $26.67 on Friday. The company has a quick ratio of 0.88, a current ratio of 0.88 and a debt-to-equity ratio of 0.65. Associated Banc has a twelve month low of $17.30 and a twelve month high of $28.18. The business has a 50-day moving average price of $22.71 and a 200-day moving average price of $21.93. The firm has a market cap of $4.03 billion, a price-to-earnings ratio of 22.23, a price-to-earnings-growth ratio of 1.98 and a beta of 0.91.

Associated Banc (NYSE:ASB) last issued its earnings results on Thursday, October 24th. The bank reported $0.56 earnings per share for the quarter, topping the consensus estimate of $0.50 by $0.06. The company had revenue of $607.54 million during the quarter, compared to the consensus estimate of $336.52 million. Associated Banc had a net margin of 8.15% and a return on equity of 8.18%. During the same quarter in the prior year, the firm posted $0.53 EPS.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in ASB. Edgestream Partners L.P. purchased a new stake in shares of Associated Banc in the 3rd quarter worth $6,082,000. Verition Fund Management LLC grew its holdings in Associated Banc by 11.2% during the 3rd quarter. Verition Fund Management LLC now owns 3,036,239 shares of the bank’s stock worth $65,401,000 after acquiring an additional 305,133 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its position in Associated Banc by 1.7% during the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 328,306 shares of the bank’s stock valued at $7,072,000 after purchasing an additional 5,386 shares during the period. BNP Paribas Financial Markets lifted its position in shares of Associated Banc by 114.6% in the 3rd quarter. BNP Paribas Financial Markets now owns 96,752 shares of the bank’s stock worth $2,084,000 after purchasing an additional 51,672 shares during the period. Finally, Quantbot Technologies LP purchased a new position in Associated Banc during the third quarter valued at approximately $955,000. Hedge funds and other institutional investors own 82.98% of the company’s stock.

Insider Activity at Associated Banc

In other Associated Banc news, EVP John A. Utz sold 2,000 shares of the business’s stock in a transaction that occurred on Thursday, August 29th. The stock was sold at an average price of $22.78, for a total transaction of $45,560.00. Following the completion of the transaction, the executive vice president now owns 99,637 shares in the company, valued at $2,269,730.86. The trade was a 1.97 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Director Lith Karen Van sold 8,061 shares of the firm’s stock in a transaction that occurred on Thursday, September 12th. The stock was sold at an average price of $20.48, for a total value of $165,089.28. Following the sale, the director now directly owns 54,114 shares of the company’s stock, valued at $1,108,254.72. This represents a 12.97 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 58,641 shares of company stock worth $1,481,496. Insiders own 1.45% of the company’s stock.

Associated Banc Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, December 16th. Investors of record on Monday, December 2nd will be paid a dividend of $0.23 per share. The ex-dividend date of this dividend is Monday, December 2nd. This is a boost from Associated Banc’s previous quarterly dividend of $0.22. This represents a $0.92 dividend on an annualized basis and a dividend yield of 3.45%. Associated Banc’s payout ratio is currently 73.33%.

About Associated Banc

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.