Associated Banc-Corp (NYSE:ASB – Free Report) – Analysts at Zacks Research increased their Q2 2025 EPS estimates for Associated Banc in a note issued to investors on Tuesday, September 12th. Zacks Research analyst N. Kataruka now anticipates that the bank will post earnings per share of $0.66 for the quarter, up from their prior estimate of $0.65. The consensus estimate for Associated Banc’s current full-year earnings is $2.21 per share.
A number of other research firms also recently weighed in on ASB. Stephens raised their price target on shares of Associated Banc from $19.00 to $21.00 and gave the stock an “equal weight” rating in a research report on Friday, July 21st. Piper Sandler raised their price objective on Associated Banc from $17.50 to $18.50 in a research note on Friday, July 21st. Robert W. Baird upgraded Associated Banc from a “neutral” rating to an “outperform” rating and raised their price objective for the stock from $19.00 to $24.00 in a research note on Tuesday, September 5th. StockNews.com initiated coverage on Associated Banc in a research note on Thursday, August 17th. They set a “sell” rating on the stock. Finally, Raymond James raised their price objective on Associated Banc from $20.00 to $21.00 and gave the stock an “outperform” rating in a research note on Monday, July 24th. One analyst has rated the stock with a sell rating, five have given a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $21.94.
Associated Banc Stock Up 1.9 %
ASB stock opened at $17.67 on Friday. Associated Banc has a twelve month low of $14.47 and a twelve month high of $25.50. The company has a current ratio of 0.92, a quick ratio of 0.92 and a debt-to-equity ratio of 1.06. The company has a market capitalization of $2.67 billion, a P/E ratio of 6.96, a PEG ratio of 0.98 and a beta of 1.03. The firm has a 50 day simple moving average of $17.74 and a 200-day simple moving average of $17.55.
Associated Banc (NYSE:ASB – Get Free Report) last released its quarterly earnings results on Thursday, July 20th. The bank reported $0.56 earnings per share for the quarter, missing analysts’ consensus estimates of $0.59 by ($0.03). Associated Banc had a return on equity of 10.25% and a net margin of 20.93%. The company had revenue of $328.25 million for the quarter, compared to analyst estimates of $332.65 million.
Institutional Investors Weigh In On Associated Banc
A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Virginia Retirement Systems ET AL bought a new stake in shares of Associated Banc during the second quarter valued at about $774,000. Comerica Bank acquired a new position in Associated Banc during the second quarter worth about $5,778,000. Osaic Holdings Inc. grew its holdings in Associated Banc by 3.3% during the second quarter. Osaic Holdings Inc. now owns 18,287 shares of the bank’s stock worth $297,000 after acquiring an additional 592 shares during the period. Teachers Retirement System of The State of Kentucky grew its holdings in Associated Banc by 2.1% during the second quarter. Teachers Retirement System of The State of Kentucky now owns 117,970 shares of the bank’s stock worth $1,914,000 after acquiring an additional 2,477 shares during the period. Finally, Nuveen Asset Management LLC grew its holdings in Associated Banc by 0.8% during the second quarter. Nuveen Asset Management LLC now owns 432,818 shares of the bank’s stock worth $7,025,000 after acquiring an additional 3,503 shares during the period. 80.52% of the stock is currently owned by institutional investors.
Insider Buying and Selling at Associated Banc
In related news, EVP Randall J. Erickson sold 26,335 shares of Associated Banc stock in a transaction dated Friday, August 4th. The shares were sold at an average price of $19.00, for a total transaction of $500,365.00. Following the sale, the executive vice president now directly owns 138,055 shares in the company, valued at $2,623,045. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. 1.49% of the stock is currently owned by company insiders.
Associated Banc Dividend Announcement
The business also recently announced a quarterly dividend, which will be paid on Friday, September 15th. Shareholders of record on Friday, September 1st will be paid a $0.21 dividend. This represents a $0.84 dividend on an annualized basis and a yield of 4.75%. The ex-dividend date is Thursday, August 31st. Associated Banc’s payout ratio is 33.07%.
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 operates through three segments: Corporate and Commercial Specialty; Community, Consumer, and Business; and Risk Management and Shared Services.
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