Zacks Research Raises Earnings Estimates for Associated Banc

Associated Banc-Corp (NYSE:ASB - Free Report) - Equities researchers at Zacks Research boosted their Q1 2025 earnings per share estimates for shares of Associated Banc in a research note issued to investors on Thursday, January 23rd. Zacks Research analyst R. Department now expects that the bank will post earnings of $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 - Get Free Report) last released its earnings results on Thursday, January 23rd. The bank reported $0.57 EPS for the quarter, beating analysts' consensus estimates of $0.53 by $0.04. Associated Banc had a return on equity of 8.18% and a net margin of 8.15%.

ASB has been the subject of a number of other reports. StockNews.com raised shares of Associated Banc from a "sell" rating to a "hold" rating in a research report on Thursday, October 31st. Robert W. Baird lowered their target price on shares of Associated Banc from $28.00 to $26.00 and set a "neutral" rating for the company in a report on Friday. Wells Fargo & Company upped their price target on Associated Banc from $26.00 to $27.00 and gave the stock an "equal weight" rating in a research note on Monday. Stephens reiterated an "equal weight" rating and set a $28.00 price objective on shares of Associated Banc in a research note on Friday. Finally, Piper Sandler increased their target price on Associated Banc from $26.00 to $28.00 and gave the stock a "neutral" rating in a research note on Thursday, December 5th. Ten research analysts have rated the stock with a hold rating and one has given a buy rating to the stock. According to MarketBeat, Associated Banc presently has a consensus rating of "Hold" and an average target price of $26.78.

Associated Banc Stock Down 0.8 %

Associated Banc stock traded down $0.20 on Monday, hitting $24.92. 2,338,331 shares of the stock traded hands, compared to its average volume of 1,744,514. The business's fifty day simple moving average is $25.22 and its 200 day simple moving average is $23.44. The firm has a market cap of $3.77 billion, a P/E ratio of 20.77, a price-to-earnings-growth ratio of 2.07 and a beta of 0.94. The company has a current ratio of 0.88, a quick ratio of 0.88 and a debt-to-equity ratio of 0.65. Associated Banc has a 1 year low of $19.40 and a 1 year high of $28.18.

Institutional Investors Weigh In On Associated Banc

A number of large investors have recently made changes to their positions in ASB. GAMMA Investing LLC lifted its stake in shares of Associated Banc by 10.7% in the 4th quarter. GAMMA Investing LLC now owns 4,704 shares of the bank's stock worth $112,000 after purchasing an additional 455 shares during the period. Vanguard Personalized Indexing Management LLC raised its position in Associated Banc by 4.9% in the second quarter. Vanguard Personalized Indexing Management LLC now owns 11,312 shares of the bank's stock worth $234,000 after acquiring an additional 525 shares during the period. Wealth Enhancement Advisory Services LLC boosted its stake in shares of Associated Banc by 2.8% during the 3rd quarter. Wealth Enhancement Advisory Services LLC now owns 19,461 shares of the bank's stock worth $419,000 after acquiring an additional 525 shares during the last quarter. Truist Financial Corp grew its position in shares of Associated Banc by 2.4% during the 2nd quarter. Truist Financial Corp now owns 27,082 shares of the bank's stock valued at $573,000 after acquiring an additional 636 shares during the period. Finally, Thrivent Financial for Lutherans increased its stake in shares of Associated Banc by 1.3% in the 2nd quarter. Thrivent Financial for Lutherans now owns 50,680 shares of the bank's stock worth $1,072,000 after purchasing an additional 656 shares in the last quarter. 82.98% of the stock is currently owned by institutional investors.

Insider Transactions at Associated Banc

In other news, EVP John A. Utz sold 19,044 shares of the firm's stock in a transaction on Wednesday, October 30th. The stock was sold at an average price of $24.19, for a total value of $460,674.36. Following the transaction, the executive vice president now directly owns 100,204 shares in the company, valued at $2,423,934.76. This trade represents a 15.97 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, EVP David L. Stein sold 29,536 shares of the company's stock in a transaction on Wednesday, November 6th. The shares were sold at an average price of $27.43, for a total value of $810,172.48. Following the sale, the executive vice president now owns 81,021 shares of the company's stock, valued at approximately $2,222,406.03. This trade represents a 26.72 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 1.45% of the company's stock.

Associated Banc Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, December 16th. Stockholders of record on Monday, December 2nd were issued a dividend of $0.23 per share. This represents a $0.92 dividend on an annualized basis and a dividend yield of 3.69%. The ex-dividend date was Monday, December 2nd. This is an increase from Associated Banc's previous quarterly dividend of $0.22. Associated Banc's dividend payout ratio (DPR) is presently 76.67%.

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.