Zacks Research Predicts Reduced Earnings for Associated Banc

Associated Banc-Corp (NYSE:ASB - Free Report) - Zacks Research cut their Q1 2025 EPS estimates for shares of Associated Banc in a report released on Wednesday, December 4th. Zacks Research analyst R. Department now anticipates that the bank will post earnings per share of $0.51 for the quarter, down from their previous forecast of $0.53. 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 Q4 2025 earnings at $0.59 EPS, FY2025 earnings at $2.17 EPS, Q1 2026 earnings at $0.56 EPS, Q2 2026 earnings at $0.58 EPS, Q3 2026 earnings at $0.61 EPS and FY2026 earnings at $2.35 EPS.

Other equities analysts also recently issued research reports about the company. 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. Wells Fargo & Company increased their price objective on Associated Banc from $24.00 to $26.00 and gave the stock an "equal weight" rating in a research report on Tuesday, December 3rd. Keefe, Bruyette & Woods lifted their target price on Associated Banc from $25.00 to $28.00 and gave the stock a "market perform" rating in a report on Wednesday, December 4th. Barclays raised their price target 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. Finally, StockNews.com raised shares of Associated Banc from a "sell" rating to a "hold" rating in a report on Thursday, October 31st. Ten investment analysts have rated the stock with a hold rating and one has issued a buy rating to the company's stock. According to MarketBeat.com, Associated Banc presently has an average rating of "Hold" and a consensus price target of $25.89.

Associated Banc Stock Down 0.7 %

NYSE ASB traded down $0.17 during trading on Monday, hitting $25.84. The stock had a trading volume of 1,604,009 shares, compared to its average volume of 1,445,506. The company has a market capitalization of $3.91 billion, a PE ratio of 21.53, a P/E/G ratio of 1.88 and a beta of 0.93. The company's 50-day moving average price is $24.47 and its two-hundred day moving average price is $22.47. The company has a debt-to-equity ratio of 0.65, a quick ratio of 0.88 and a current ratio of 0.88. Associated Banc has a 12 month low of $19.21 and a 12 month high of $28.18.

Associated Banc (NYSE:ASB - Get Free Report) last released its quarterly earnings data 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. Associated Banc had a net margin of 8.15% and a return on equity of 8.18%. The business had revenue of $607.54 million for the quarter, compared to analyst estimates of $336.52 million. During the same quarter last year, the firm earned $0.53 EPS.

Hedge Funds Weigh In On Associated Banc

Several hedge funds have recently modified their holdings of ASB. Quest Partners LLC bought a new stake in Associated Banc during the 2nd quarter valued at about $38,000. Point72 DIFC Ltd purchased a new position in shares of Associated Banc in the 3rd quarter valued at approximately $39,000. Farther Finance Advisors LLC lifted its stake in shares of Associated Banc by 82.1% during the third quarter. Farther Finance Advisors LLC now owns 3,190 shares of the bank's stock worth $69,000 after buying an additional 1,438 shares during the period. Neo Ivy Capital Management purchased a new stake in Associated Banc during the 2nd quarter valued at about $93,000. Finally, nVerses Capital LLC purchased a new stake in Associated Banc in the second quarter valued at approximately $140,000. Hedge funds and other institutional investors own 82.98% of the company's stock.

Insider Activity

In related news, EVP David L. Stein sold 29,536 shares of Associated Banc 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 transaction, the executive vice president now directly owns 81,021 shares of the company's stock, valued at $2,222,406.03. This trade represents a 26.72 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, EVP John A. Utz sold 19,044 shares of the business'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 completion of the sale, 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 ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 56,641 shares of company stock valued at $1,435,936. Insiders own 1.45% of the company's stock.

Associated Banc Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, December 16th. Investors of record on Monday, December 2nd will be issued a dividend of $0.23 per share. The ex-dividend date of this dividend is Monday, December 2nd. This represents a $0.92 annualized dividend and a dividend yield of 3.56%. This is a positive change from Associated Banc's previous quarterly dividend of $0.22. Associated Banc's dividend payout ratio (DPR) is currently 76.67%.

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.