Associated Banc Q2 EPS Estimate Decreased by Zacks Research

Associated Banc-Corp (NYSE:ASB - Free Report) - Research analysts at Zacks Research cut their Q2 2025 earnings per share (EPS) estimates for shares of Associated Banc in a research report issued on Wednesday, December 4th. Zacks Research analyst R. Department now forecasts that the bank will post earnings of $0.53 per share for the quarter, down from their previous forecast of $0.55. The consensus estimate for Associated Banc's current full-year earnings is $2.13 per share. Zacks Research also issued estimates for Associated Banc's Q3 2025 earnings at $0.55 EPS.

A number of other analysts have also commented on the stock. Barclays boosted their price objective on shares of Associated Banc from $24.00 to $27.00 and gave the stock an "equal weight" rating in a research report on Thursday. Piper Sandler boosted their price target on shares of Associated Banc from $26.00 to $28.00 and gave the stock a "neutral" rating in a research report on Thursday. StockNews.com upgraded shares of Associated Banc from a "sell" rating to a "hold" rating in a research note on Thursday, October 31st. Royal Bank of Canada reaffirmed a "sector perform" rating and issued a $28.00 target price on shares of Associated Banc in a research report on Thursday. Finally, Wells Fargo & Company increased their price target on Associated Banc from $24.00 to $26.00 and gave the company an "equal weight" rating in a research report on Tuesday. Ten analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. According to MarketBeat, the company has a consensus rating of "Hold" and a consensus target price of $25.89.

Associated Banc Stock Down 0.2 %

NYSE ASB traded down $0.05 during trading on Friday, hitting $26.01. The stock had a trading volume of 1,279,640 shares, compared to its average volume of 2,294,497. Associated Banc has a 12 month low of $18.96 and a 12 month high of $28.18. The company has a debt-to-equity ratio of 0.65, a quick ratio of 0.88 and a current ratio of 0.88. The company's 50-day moving average price is $24.38 and its two-hundred day moving average price is $22.43. The company has a market capitalization of $3.93 billion, a PE ratio of 21.68, a P/E/G ratio of 1.88 and a beta of 0.93.

Associated Banc (NYSE:ASB - Get Free Report) last issued its quarterly earnings results on Thursday, October 24th. The bank reported $0.56 EPS for the quarter, beating analysts' consensus estimates of $0.50 by $0.06. The company had revenue of $607.54 million for the quarter, compared to analyst estimates of $336.52 million. Associated Banc had a return on equity of 8.18% and a net margin of 8.15%. During the same period in the previous year, the company posted $0.53 earnings per share.

Institutional Trading of Associated Banc

Several institutional investors have recently added to or reduced their stakes in ASB. Millennium Management LLC boosted its holdings in Associated Banc by 291.3% in the 2nd quarter. Millennium Management LLC now owns 1,563,274 shares of the bank's stock valued at $33,063,000 after purchasing an additional 1,163,807 shares during the period. Verition Fund Management LLC raised its position in shares of Associated Banc by 11.2% in the third quarter. Verition Fund Management LLC now owns 3,036,239 shares of the bank's stock valued at $65,401,000 after buying an additional 305,133 shares in the last quarter. Edgestream Partners L.P. bought a new stake in shares of Associated Banc in the third quarter valued at approximately $6,082,000. State Street Corp grew its position in Associated Banc by 3.3% during the third 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 in the last quarter. Finally, NFJ Investment Group LLC bought a new position in Associated Banc during the 3rd quarter worth $3,245,000. 82.98% of the stock is currently owned by institutional investors.

Insider Activity

In other news, EVP David L. Stein sold 29,536 shares of the firm's stock in a transaction dated 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 sale, the executive vice president now owns 81,021 shares in the company, valued at approximately $2,222,406.03. This trade represents a 26.72 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director Lith Karen Van sold 8,061 shares of the company's stock in a transaction dated Thursday, September 12th. The shares were sold at an average price of $20.48, for a total transaction of $165,089.28. Following the completion of the transaction, the director now owns 54,114 shares in the company, valued at approximately $1,108,254.72. This trade represents a 12.97 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 56,641 shares of company stock valued at $1,435,936 over the last three months. Insiders own 1.45% of the company's stock.

Associated Banc Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, December 16th. Shareholders of record on Monday, December 2nd will be paid a $0.23 dividend. This is a positive change from Associated Banc's previous quarterly dividend of $0.22. The ex-dividend date is Monday, December 2nd. This represents a $0.92 annualized dividend and a yield of 3.54%. Associated Banc's dividend payout ratio is currently 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.