Research Analysts’ Weekly Ratings Changes for Associated Banc (ASB)

A number of firms have modified their ratings and price targets on shares of Associated Banc (NYSE: ASB) recently:

• 1/26/2026 – Associated Banc had its price target raised by analysts at Truist Financial Corporation from $29.00 to $30.00. They now have a “hold” rating on the stock.
• 1/24/2026 – Associated Banc was upgraded by analysts at Wall Street Zen from a “hold” rating to a “buy” rating.
• 1/23/2026 – Associated Banc had its price target raised by analysts at Royal Bank Of Canada from $29.00 to $30.00. They now have a “sector perform” rating on the stock.
• 1/23/2026 – Associated Banc had its price target raised by analysts at Keefe, Bruyette & Woods from $29.00 to $30.00. They now have a “market perform” rating on the stock.
• 1/23/2026 – Associated Banc had its price target raised by analysts at Piper Sandler from $27.00 to $30.00. They now have a “neutral” rating on the stock.
• 1/12/2026 – Associated Banc had its “sector perform” rating reaffirmed by analysts at Royal Bank Of Canada. They now have a $29.00 price target on the stock.
• 1/3/2026 – Associated Banc was downgraded by analysts at Wall Street Zen from a “buy” rating to a “hold” rating.
• 12/29/2025 – Associated Banc had its “hold (c+)” rating reaffirmed by analysts at Weiss Ratings.
• 12/22/2025 – Associated Banc had its “hold (c+)” rating reaffirmed by analysts at Weiss Ratings.
• 12/22/2025 – Associated Banc had its price target raised by analysts at Truist Financial Corporation from $27.00 to $29.00. They now have a “hold” rating on the stock.
• 12/20/2025 – Associated Banc was upgraded by analysts at Wall Street Zen from a “hold” rating to a “buy” rating.
• 12/15/2025 – Associated Banc had its “hold (c+)” rating reaffirmed by analysts at Weiss Ratings.
• 12/8/2025 – Associated Banc had its “hold (c+)” rating reaffirmed by analysts at Weiss Ratings.
• 12/2/2025 – Associated Banc had its “buy” rating reaffirmed by analysts at UBS Group AG. They now have a $28.00 price target on the stock.
• 12/2/2025 – Associated Banc had its “sector perform” rating reaffirmed by analysts at Royal Bank Of Canada.

Associated Banc Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, December 15th. Investors of record on Monday, December 1st were issued a $0.24 dividend. The ex-dividend date of this dividend was Monday, December 1st. This represents a $0.96 dividend on an annualized basis and a yield of 3.6%. This is a boost from Associated Banc’s previous quarterly dividend of $0.23. Associated Banc’s payout ratio is presently 34.66%.

Insiders Place Their Bets

In other news, EVP Patrick Edward Ahern sold 30,489 shares of the company’s stock in a transaction that occurred on Thursday, December 4th. The stock was sold at an average price of $25.70, for a total transaction of $783,567.30. Following the transaction, the executive vice president owned 24,055 shares of the company’s stock, valued at approximately $618,213.50. This represents a 55.90% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, EVP John A. Utz sold 2,135 shares of the firm’s stock in a transaction dated Tuesday, December 9th. The stock was sold at an average price of $26.41, for a total transaction of $56,385.35. Following the completion of the transaction, the executive vice president directly owned 109,842 shares in the company, valued at $2,900,927.22. This represents a 1.91% decrease in their position. The SEC filing for this sale provides additional information. In the last 90 days, insiders have sold 35,951 shares of company stock valued at $925,756. 1.10% of the stock is owned by company insiders.

Associated Banc-Corp, through its primary subsidiary Associated Bank, N.A., is a regional financial services company headquartered in Green Bay, Wisconsin. The bank operates more than 200 branches across the Midwest, offering community-focused banking solutions for individuals, small businesses and commercial clients. Its emphasis on personalized service and regional decision-making supports long-standing customer relationships.

On the consumer side, Associated Bank provides checking and savings accounts, residential mortgages, home equity lines of credit, auto financing and credit card products.