Zacks Research Predicts Higher Earnings for Associated Banc

Associated Banc-Corp (NYSE:ASB - Free Report) - Zacks Research lifted their Q4 2025 earnings estimates for Associated Banc in a research report issued to clients and investors on Wednesday, November 13th. Zacks Research analyst R. Department now expects that the bank will earn $0.63 per share for the quarter, up from their previous 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.

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

Other equities analysts also recently issued reports about the company. Stephens reissued an "equal weight" rating and issued a $24.00 price objective on shares of Associated Banc in a report on Tuesday, July 30th. Keefe, Bruyette & Woods raised their price objective on shares of Associated Banc from $23.00 to $24.00 and gave the company a "market perform" rating in a research note on Friday, July 26th. StockNews.com upgraded Associated Banc from a "sell" rating to a "hold" rating in a research report on Thursday, October 31st. Robert W. Baird dropped their price objective on Associated Banc from $27.00 to $25.00 and set a "neutral" rating on the stock in a research note on Friday, July 26th. Finally, Royal Bank of Canada raised their target price on Associated Banc from $24.00 to $25.00 and gave the company a "sector perform" rating in a research note on Friday, October 25th. Ten equities research analysts have rated the stock with a hold rating and one has given a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Hold" and a consensus target price of $23.89.

Associated Banc Stock Performance

ASB stock traded down $0.07 during mid-day trading on Friday, reaching $26.60. The company had a trading volume of 9,637,796 shares, compared to its average volume of 1,396,690. 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 one year low of $17.30 and a one year high of $28.18. The stock's 50-day simple moving average is $22.71 and its two-hundred day simple moving average is $21.93. The stock has a market capitalization of $4.02 billion, a P/E ratio of 21.84, a P/E/G ratio of 1.98 and a beta of 0.91.

Hedge Funds Weigh In On Associated Banc

A number of large investors have recently made changes to their positions in ASB. 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 valued at $177,282,000 after purchasing an additional 261,877 shares in the last quarter. Verition Fund Management LLC boosted its stake in shares of Associated Banc by 11.2% during the 3rd 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 during the period. Charles Schwab Investment Management Inc. grew its holdings in shares of Associated Banc by 0.8% during 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 acquiring an additional 17,425 shares in the last quarter. Millennium Management LLC increased its stake in shares of Associated Banc by 291.3% in the second quarter. Millennium Management LLC now owns 1,563,274 shares of the bank's stock worth $33,063,000 after acquiring an additional 1,163,807 shares during the last quarter. Finally, Point72 Asset Management L.P. raised its holdings in shares of Associated Banc by 12.0% during the second quarter. Point72 Asset Management L.P. now owns 1,149,355 shares of the bank's stock worth $24,309,000 after acquiring an additional 123,271 shares in the last quarter. Institutional investors and hedge funds own 82.98% of the company's stock.

Insiders Place Their Bets

In other Associated Banc news, EVP David L. Stein sold 29,536 shares of the business's 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 sale, 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 position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP John A. Utz sold 2,000 shares of the stock in a transaction on Thursday, August 29th. The shares were sold at an average price of $22.78, for a total value of $45,560.00. Following the completion of the sale, the executive vice president now owns 99,637 shares of the company's stock, valued at $2,269,730.86. The trade was a 1.97 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 58,641 shares of company stock worth $1,481,496. Company insiders own 1.45% of the company's stock.

Associated Banc Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, December 16th. Shareholders of record on Monday, December 2nd will be issued a dividend of $0.23 per share. This represents a $0.92 annualized dividend and a yield of 3.46%. The ex-dividend date is Monday, December 2nd. This is an increase from Associated Banc's previous quarterly dividend of $0.22. Associated Banc's payout ratio is presently 73.33%.

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.