Zacks Research Cuts Earnings Estimates for Associated Banc

Associated Banc-Corp (NYSE:ASB - Free Report) - Stock analysts at Zacks Research reduced their FY2026 earnings per share estimates for Associated Banc in a research report issued on Tuesday, March 11th. Zacks Research analyst R. Department now anticipates that the bank will post earnings per share of $2.57 for the year, down from their previous estimate of $2.58. The consensus estimate for Associated Banc's current full-year earnings is $2.43 per share.

Associated Banc (NYSE:ASB - Get Free Report) last released its quarterly earnings results on Thursday, January 23rd. The bank reported $0.57 EPS for the quarter, topping the consensus estimate of $0.53 by $0.04. Associated Banc had a return on equity of 8.24% and a net margin of 5.15%.

Other research analysts have also issued research reports about the company. Wells Fargo & Company boosted their target price on Associated Banc from $26.00 to $27.00 and gave the company an "equal weight" rating in a research report on Monday, January 27th. StockNews.com downgraded shares of Associated Banc from a "hold" rating to a "sell" rating in a research note on Friday, January 31st. Robert W. Baird decreased their price target 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. Stephens reaffirmed an "equal weight" rating and set a $28.00 price target on shares of Associated Banc in a research note on Friday, January 24th. Finally, Royal Bank of Canada lifted their price target on shares of Associated Banc from $26.00 to $27.00 and gave the company a "sector perform" rating in a research note on Friday, January 24th. One research analyst has rated the stock with a sell rating, nine have given a hold rating and one has issued a buy rating to the stock. According to data from MarketBeat.com, Associated Banc presently has an average rating of "Hold" and a consensus target price of $27.11.

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Associated Banc Trading Up 0.9 %

Shares of NYSE:ASB traded up $0.21 during trading hours on Friday, hitting $22.43. 1,463,569 shares of the company's stock traded hands, compared to its average volume of 1,377,906. Associated Banc has a 1 year low of $19.76 and a 1 year high of $28.18. The business has a fifty day moving average price of $24.30 and a 200-day moving average price of $23.98. The firm has a market capitalization of $3.73 billion, a P/E ratio of 28.39, a price-to-earnings-growth ratio of 1.52 and a beta of 0.90. The company has a debt-to-equity ratio of 0.61, a current ratio of 0.88 and a quick ratio of 0.86.

Hedge Funds Weigh In On Associated Banc

Several institutional investors and hedge funds have recently bought and sold shares of the company. Vanguard Group Inc. grew its holdings in Associated Banc by 8.7% in the fourth quarter. Vanguard Group Inc. now owns 18,066,871 shares of the bank's stock worth $431,798,000 after purchasing an additional 1,444,068 shares during the last quarter. FMR LLC grew its holdings in Associated Banc by 9.4% in the fourth quarter. FMR LLC now owns 14,838,422 shares of the bank's stock worth $354,638,000 after purchasing an additional 1,272,441 shares during the last quarter. State Street Corp grew its holdings in Associated Banc by 3.3% in the third quarter. State Street Corp now owns 8,230,340 shares of the bank's stock worth $177,282,000 after purchasing an additional 261,877 shares during the last quarter. Geode Capital Management LLC grew its holdings in Associated Banc by 7.4% in the fourth quarter. Geode Capital Management LLC now owns 3,849,649 shares of the bank's stock worth $92,026,000 after purchasing an additional 265,378 shares during the last quarter. Finally, Verition Fund Management LLC grew its holdings in Associated Banc by 11.2% in the third 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 during the last quarter. 82.98% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other Associated Banc news, Director John B. Williams sold 2,830 shares of Associated Banc stock in a transaction on Friday, February 14th. The shares were sold at an average price of $25.09, for a total value of $71,004.70. Following the transaction, the director now directly owns 66,915 shares of the company's stock, valued at approximately $1,678,897.35. The trade was a 4.06 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Eileen A. Kamerick sold 7,000 shares of Associated Banc stock in a transaction on Monday, March 3rd. The stock was sold at an average price of $24.71, for a total transaction of $172,970.00. Following the completion of the transaction, the director now directly owns 49,495 shares in the company, valued at $1,223,021.45. This represents a 12.39 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 1.45% of the stock is currently owned by insiders.

Associated Banc Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, March 17th. Investors of record on Monday, March 3rd were paid a $0.23 dividend. This represents a $0.92 dividend on an annualized basis and a yield of 4.10%. The ex-dividend date of this dividend was Monday, March 3rd. Associated Banc's dividend payout ratio (DPR) is 116.46%.

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.