Zacks Research Raises Earnings Estimates for Associated Banc

Associated Banc-Corp (NYSE:ASBFree Report) – Stock analysts at Zacks Research raised their Q1 2025 earnings estimates for shares of Associated Banc in a note issued to investors on Thursday, January 23rd. Zacks Research analyst R. Department now anticipates that the bank will post earnings per share of $0.52 for the quarter, up from their previous forecast of $0.51. The consensus estimate for Associated Banc’s current full-year earnings is $2.15 per share. Zacks Research also issued estimates for Associated Banc’s Q2 2025 earnings at $0.54 EPS, Q3 2025 earnings at $0.56 EPS, Q4 2025 earnings at $0.63 EPS, FY2025 earnings at $2.26 EPS, Q1 2026 earnings at $0.59 EPS, Q2 2026 earnings at $0.61 EPS, Q3 2026 earnings at $0.63 EPS, Q4 2026 earnings at $0.65 EPS and FY2026 earnings at $2.48 EPS.

Other analysts have also recently issued research reports about the stock. Barclays raised their target price on shares of Associated Banc from $27.00 to $28.00 and gave the stock an “equal weight” rating in a research note on Thursday, December 19th. StockNews.com raised Associated Banc from a “sell” rating to a “hold” rating in a research note on Thursday, October 31st. Robert W. Baird dropped their price objective on Associated Banc from $28.00 to $26.00 and set a “neutral” rating on the stock in a report on Friday. Piper Sandler raised their target price on Associated Banc from $26.00 to $28.00 and gave the company a “neutral” rating in a report on Thursday, December 5th. Finally, Royal Bank of Canada raised their price objective 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. 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, the stock has a consensus rating of “Hold” and an average price target of $26.78.

Get Our Latest Analysis on ASB

Associated Banc Trading Down 0.8 %

NYSE:ASB opened at $24.92 on Monday. Associated Banc has a 12-month low of $19.40 and a 12-month high of $28.18. 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 simple moving average is $25.19 and its 200-day simple moving average is $23.46. The firm has a market cap of $3.77 billion, a P/E ratio of 20.77, a PEG ratio of 2.07 and a beta of 0.94.

Associated Banc (NYSE:ASBGet Free Report) 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 8.18% and a net margin of 8.15%.

Insider Buying and Selling

In other Associated Banc news, EVP John A. Utz sold 19,044 shares of Associated Banc stock in a transaction that occurred on Wednesday, October 30th. The shares were sold at an average price of $24.19, for a total transaction of $460,674.36. Following the transaction, the executive vice president now directly owns 100,204 shares of the company’s stock, valued at $2,423,934.76. The trade was a 15.97 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, EVP David L. Stein sold 29,536 shares of the 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 completion of the sale, the executive vice president now directly owns 81,021 shares of the company’s stock, valued at $2,222,406.03. The trade was a 26.72 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 1.45% of the company’s stock.

Institutional Trading of Associated Banc

Institutional investors have recently added to or reduced their stakes in the business. State Street Corp raised its holdings in shares of Associated Banc by 3.3% during the 3rd quarter. State Street Corp now owns 8,230,340 shares of the bank’s stock valued at $177,282,000 after buying an additional 261,877 shares during the period. Geode Capital Management LLC grew its holdings in Associated Banc by 2.3% during the 3rd quarter. Geode Capital Management LLC now owns 3,584,271 shares of the bank’s stock valued at $77,219,000 after purchasing an additional 79,658 shares in the last quarter. Verition Fund Management LLC increased its stake in Associated Banc by 11.2% during the 3rd quarter. Verition Fund Management LLC now owns 3,036,239 shares of the bank’s stock worth $65,401,000 after buying an additional 305,133 shares during the period. Charles Schwab Investment Management Inc. lifted its holdings in Associated Banc by 0.8% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 2,137,125 shares of the bank’s stock worth $46,034,000 after buying an additional 17,425 shares in the last quarter. Finally, Millennium Management LLC boosted its position in 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 last quarter. 82.98% of the stock is owned by hedge funds and other institutional investors.

About Associated Banc

(Get Free Report)

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.

See Also

Earnings History and Estimates for Associated Banc (NYSE:ASB)

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