Zacks Research Lifts Earnings Estimates for Associated Banc

Associated Banc-Corp (NYSE:ASB) – Stock analysts at Zacks Research lifted their Q4 2025 earnings estimates for Associated Banc in a research report issued on Wednesday, November 13th. Zacks Research analyst R. Department now forecasts that the bank will post earnings of $0.63 per share for the quarter, up from their prior estimate 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) last posted its quarterly earnings results on Thursday, October 24th. The bank reported $0.56 EPS for the quarter, beating the consensus estimate of $0.50 by $0.06. The firm had revenue of $607.54 million during the quarter, compared to analysts’ expectations 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 in the prior year, the firm posted $0.53 EPS.

A number of other equities analysts also recently commented on ASB. Keefe, Bruyette & Woods increased their price objective on shares of Associated Banc from $23.00 to $24.00 and gave the stock a “market perform” rating in a research note on Friday, July 26th. Piper Sandler raised their target price on shares of Associated Banc from $23.00 to $24.00 and gave the stock a “neutral” rating in a research note on Friday, July 26th. 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 lifted their price target 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. Finally, Barclays upped their price target on Associated Banc from $23.00 to $24.00 and gave the company an “equal weight” rating in a research report on Friday, October 25th. Ten investment analysts have rated the stock with a hold rating and one has assigned a buy rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $23.89.

Associated Banc Price Performance

Shares of ASB opened at $26.60 on Friday. Associated Banc has a 1 year low of $17.30 and a 1 year high of $28.18. The stock has a market cap of $4.02 billion, a P/E ratio of 22.17, a price-to-earnings-growth ratio of 1.98 and a beta of 0.91. The company has a current ratio of 0.88, a quick ratio of 0.88 and a debt-to-equity ratio of 0.65. The stock’s 50-day moving average price is $22.82 and its two-hundred day moving average price is $21.97.

Associated Banc Increases Dividend

The business 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. This is an increase from Associated Banc’s previous quarterly dividend of $0.22. This represents a $0.92 annualized dividend and a dividend yield of 3.46%. The ex-dividend date is Monday, December 2nd. Associated Banc’s dividend payout ratio (DPR) is presently 73.33%.

Insider Buying and Selling at Associated Banc

In other Associated Banc news, EVP John A. Utz sold 2,000 shares of the firm’s stock in a transaction dated Thursday, August 29th. The stock was sold at an average price of $22.78, for a total transaction of $45,560.00. Following the completion of the sale, the executive vice president now directly owns 99,637 shares in the company, valued at approximately $2,269,730.86. This trade represents a 1.97 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, EVP David L. Stein sold 29,536 shares of the business’s stock in a transaction on Wednesday, November 6th. The stock was sold at an average price of $27.43, for a total transaction of $810,172.48. Following the transaction, the executive vice president now directly owns 81,021 shares of the company’s stock, valued at approximately $2,222,406.03. This represents a 26.72 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 58,641 shares of company stock valued at $1,481,496 in the last ninety days. Insiders own 1.45% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of ASB. State Street Corp increased its stake in Associated Banc by 3.3% in the third quarter. State Street Corp now owns 8,230,340 shares of the bank’s stock valued at $177,282,000 after acquiring an additional 261,877 shares during the last quarter. Geode Capital Management LLC grew its holdings in Associated Banc by 2.3% in the third quarter. Geode Capital Management LLC now owns 3,584,271 shares of the bank’s stock worth $77,219,000 after purchasing an additional 79,658 shares during the period. Verition Fund Management LLC increased its stake 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 valued at $65,401,000 after purchasing an additional 305,133 shares in the last quarter. Charles Schwab Investment Management Inc. raised its holdings in shares of Associated Banc by 0.8% during the third quarter. Charles Schwab Investment Management Inc. now owns 2,137,125 shares of the bank’s stock valued at $46,034,000 after purchasing an additional 17,425 shares during the period. Finally, Millennium Management LLC grew its stake in shares of 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 buying an additional 1,163,807 shares during the period. 82.98% of the stock is currently owned by institutional investors and hedge funds.

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.