FY2026 EPS Estimates for Associated Banc Lowered by Analyst

Associated Banc-Corp (NYSE:ASB) – Investment analysts at Zacks Research cut their FY2026 earnings per share estimates for shares of Associated Banc in a research note issued on Tuesday, March 11th. Zacks Research analyst R. Department now expects that the bank will post earnings of $2.57 per share for the year, down from their previous forecast of $2.58. The consensus estimate for Associated Banc’s current full-year earnings is $2.43 per share.

Several other analysts have also weighed in on the company. Royal Bank of Canada lifted their price objective on Associated Banc from $26.00 to $27.00 and gave the stock a “sector perform” rating in a report on Friday, January 24th. Wells Fargo & Company boosted their target price on Associated Banc from $26.00 to $27.00 and gave the stock an “equal weight” rating in a research report on Monday, January 27th. Raymond James dropped their price objective on Associated Banc from $30.00 to $28.00 and set an “outperform” rating for the company in a report on Monday, March 10th. Robert W. Baird lowered their price target on Associated Banc from $28.00 to $26.00 and set a “neutral” rating for the company in a report on Friday, January 24th. Finally, StockNews.com downgraded Associated Banc from a “hold” rating to a “sell” rating in a report on Friday, January 31st. One equities 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 company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $27.11.

Associated Banc Stock Performance

Shares of NYSE ASB opened at $21.96 on Friday. Associated Banc has a 12 month low of $19.76 and a 12 month high of $28.18. The company has a market cap of $3.65 billion, a P/E ratio of 27.79, a P/E/G ratio of 1.52 and a beta of 0.90. The business’s 50 day moving average is $24.38 and its two-hundred day moving average is $23.96. The company has a quick ratio of 0.86, a current ratio of 0.88 and a debt-to-equity ratio of 0.61.

Associated Banc (NYSE:ASB) last issued its quarterly earnings data on Thursday, January 23rd. The bank reported $0.57 earnings per share for the quarter, beating analysts’ consensus estimates of $0.53 by $0.04. Associated Banc had a return on equity of 8.24% and a net margin of 5.15%.

Associated Banc Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, March 17th. Investors of record on Monday, March 3rd will be issued a dividend of $0.23 per share. The ex-dividend date is Monday, March 3rd. This represents a $0.92 annualized dividend and a yield of 4.19%. Associated Banc’s payout ratio is currently 116.46%.

Insider Buying and Selling

In related news, Director Eileen A. Kamerick sold 7,000 shares of the business’s 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 sale, the director now owns 49,495 shares in the company, valued at $1,223,021.45. The trade was a 12.39 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director John B. Williams sold 2,830 shares of the company’s stock in a transaction dated Friday, February 14th. The shares were sold at an average price of $25.09, for a total value of $71,004.70. Following the completion of the sale, the director now owns 66,915 shares in the company, valued at $1,678,897.35. This trade represents a 4.06 % decrease in their position. The disclosure for this sale can be found here. 1.45% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Associated Banc

A number of institutional investors have recently made changes to their positions in ASB. Thrivent Financial for Lutherans lifted its stake in shares of Associated Banc by 221.6% in the 3rd quarter. Thrivent Financial for Lutherans now owns 163,003 shares of the bank’s stock valued at $3,511,000 after purchasing an additional 112,323 shares during the period. State Street Corp grew its holdings in shares of 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 in the last quarter. Harbor Capital Advisors Inc. grew its holdings in Associated Banc by 11,595.3% during the fourth quarter. Harbor Capital Advisors Inc. now owns 76,370 shares of the bank’s stock valued at $1,825,000 after purchasing an additional 75,717 shares during the period. Assenagon Asset Management S.A. grew its holdings in Associated Banc by 315.6% during the fourth quarter. Assenagon Asset Management S.A. now owns 540,057 shares of the bank’s stock valued at $12,907,000 after purchasing an additional 410,118 shares during the period. Finally, Proficio Capital Partners LLC bought a new position in shares of Associated Banc in the fourth quarter worth $353,000. Institutional investors own 82.98% of the company’s stock.

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.