Zacks Research Raises Earnings Estimates for Associated Banc

Associated Banc-Corp (NYSE:ASB) – Equities researchers at Zacks Research upped their Q3 2026 earnings per share (EPS) estimates for shares of Associated Banc in a research report issued on Wednesday, September 17th. Zacks Research analyst Team now anticipates that the bank will earn $0.67 per share for the quarter, up from their prior forecast of $0.66. The consensus estimate for Associated Banc’s current full-year earnings is $2.43 per share.

Associated Banc (NYSE:ASB) last released its quarterly earnings results on Thursday, July 24th. The bank reported $0.65 EPS for the quarter, beating analysts’ consensus estimates of $0.62 by $0.03. Associated Banc had a return on equity of 8.86% and a net margin of 5.79%.The company had revenue of $366.98 million during the quarter, compared to analysts’ expectations of $362.78 million. During the same period last year, the business posted $0.52 earnings per share.

Several other research analysts have also recently issued reports on the company. Royal Bank Of Canada raised their price objective on Associated Banc from $26.00 to $27.00 and gave the stock a “sector perform” rating in a research note on Friday, July 25th. Wells Fargo & Company raised their price objective on Associated Banc from $28.00 to $30.00 and gave the stock an “overweight” rating in a research note on Thursday, July 10th. Barclays raised their price objective on Associated Banc from $28.00 to $30.00 and gave the stock an “equal weight” rating in a research note on Monday, July 28th. Piper Sandler lifted their price target on Associated Banc from $24.00 to $27.00 and gave the company a “neutral” rating in a research report on Friday, July 25th. Finally, Truist Financial lifted their price target on Associated Banc from $26.00 to $27.00 and gave the company a “hold” rating in a research report on Monday, July 28th. Two research analysts have rated the stock with a Buy rating and seven have given a Hold rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and an average target price of $27.78.

Associated Banc Trading Down 1.0%

Associated Banc stock opened at $26.28 on Friday. The stock has a 50-day moving average of $25.63 and a two-hundred day moving average of $23.73. The company has a debt-to-equity ratio of 0.98, a quick ratio of 0.91 and a current ratio of 0.92. Associated Banc has a one year low of $18.32 and a one year high of $28.18. The stock has a market cap of $4.36 billion, a PE ratio of 34.12, a price-to-earnings-growth ratio of 1.02 and a beta of 0.84.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in the business. Osaic Holdings Inc. increased its holdings in shares of Associated Banc by 3.7% in the 2nd quarter. Osaic Holdings Inc. now owns 22,256 shares of the bank’s stock valued at $543,000 after acquiring an additional 800 shares during the last quarter. Thrivent Financial for Lutherans grew its stake in Associated Banc by 89.3% during the 2nd quarter. Thrivent Financial for Lutherans now owns 209,654 shares of the bank’s stock worth $5,113,000 after buying an additional 98,930 shares during the last quarter. Tower Research Capital LLC TRC grew its stake in Associated Banc by 229.5% during the 2nd quarter. Tower Research Capital LLC TRC now owns 28,547 shares of the bank’s stock worth $696,000 after buying an additional 19,884 shares during the last quarter. Captrust Financial Advisors purchased a new position in Associated Banc during the 2nd quarter worth approximately $279,000. Finally, Tidal Investments LLC grew its stake in Associated Banc by 2.0% during the 2nd quarter. Tidal Investments LLC now owns 27,354 shares of the bank’s stock worth $667,000 after buying an additional 549 shares during the last quarter. Hedge funds and other institutional investors own 82.98% of the company’s stock.

Insider Buying and Selling

In related news, EVP Matthew R. Braeger sold 2,000 shares of the stock in a transaction dated Tuesday, September 9th. The stock was sold at an average price of $26.34, for a total transaction of $52,680.00. Following the transaction, the executive vice president owned 13,346 shares of the company’s stock, valued at approximately $351,533.64. This represents a 13.03% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP John A. Utz sold 13,000 shares of the stock in a transaction dated Friday, August 29th. The shares were sold at an average price of $27.24, for a total value of $354,120.00. Following the completion of the sale, the executive vice president directly owned 111,228 shares in the company, valued at $3,029,850.72. This represents a 10.46% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 18,342 shares of company stock valued at $494,360. Corporate insiders own 1.45% of the company’s stock.

Associated Banc Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, September 15th. Investors of record on Tuesday, September 2nd were paid a dividend of $0.23 per share. The ex-dividend date of this dividend was Tuesday, September 2nd. This represents a $0.92 annualized dividend and a yield of 3.5%. Associated Banc’s dividend payout ratio is presently 119.48%.

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.