Zacks Research Raises Earnings Estimates for Associated Banc

Associated Banc-Corp (NYSE:ASB) – Equities researchers at Zacks Research increased their FY2026 earnings per share estimates for shares of Associated Banc in a research report issued on Thursday, November 12th. Zacks Research analyst Team now anticipates that the bank will post earnings per share of $3.00 for the year, up from their prior estimate of $2.95. The consensus estimate for Associated Banc’s current full-year earnings is $2.99 per share. Zacks Research also issued estimates for Associated Banc’s Q2 2027 earnings at $0.82 EPS, Q3 2027 earnings at $0.85 EPS and FY2027 earnings at $3.24 EPS.

Associated Banc (NYSE:ASB) last released its quarterly earnings data on Thursday, October 22nd. The bank reported $0.81 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.76 by $0.05. The business had revenue of $468.51 million for the quarter, compared to analysts’ expectations of $463.69 million. Associated Banc had a return on equity of 10.75% and a net margin of 19.87%. During the same period in the previous year, the business posted $0.73 earnings per share.

Other equities research analysts have also issued research reports about the stock. Truist Financial boosted their price target on shares of Associated Banc from $32.00 to $33.00 and gave the company a “hold” rating in a report on Tuesday, August 4th. Wells Fargo & Company reduced their price objective on shares of Associated Banc from $36.00 to $35.00 and set an “overweight” rating for the company in a report on Tuesday, September 29th. Weiss Ratings raised shares of Associated Banc from a “buy (b)” rating to a “buy (b+)” rating in a report on Monday. Piper Sandler lifted their target price on shares of Associated Banc from $34.00 to $35.00 and gave the company a “neutral” rating in a research report on Friday, October 23rd. Finally, Barclays upped their target price on shares of Associated Banc from $35.00 to $37.00 and gave the company an “overweight” rating in a research note on Tuesday, November 3rd. Six analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company’s stock. According to MarketBeat, Associated Banc has a consensus rating of “Moderate Buy” and an average target price of $32.70.

Associated Banc Stock Down 0.4%

Shares of ASB stock opened at $30.84 on Friday. Associated Banc has a one year low of $23.87 and a one year high of $32.46. The company has a debt-to-equity ratio of 0.86, a current ratio of 0.92 and a quick ratio of 0.92. The stock has a fifty day moving average price of $29.72 and a 200 day moving average price of $28.84. The stock has a market cap of $5.73 billion, a P/E ratio of 10.67, a price-to-earnings-growth ratio of 1.15 and a beta of 0.80.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in ASB. BlackRock Inc. bought a new stake in shares of Associated Banc in the 2nd quarter worth about $715,927,000. Dimensional Fund Advisors LP lifted its holdings in Associated Banc by 1.8% during the 1st quarter. Dimensional Fund Advisors LP now owns 9,811,228 shares of the bank’s stock valued at $253,709,000 after purchasing an additional 170,080 shares during the last quarter. First Trust Advisors LP lifted its holdings in Associated Banc by 127.6% during the 1st quarter. First Trust Advisors LP now owns 5,971,227 shares of the bank’s stock valued at $154,416,000 after purchasing an additional 3,347,699 shares during the last quarter. Associated Banc Corp acquired a new position in Associated Banc in the third quarter valued at about $67,673,000. Finally, Pzena Investment Management LLC acquired a new position in Associated Banc in the second quarter valued at about $61,240,000. 82.98% of the stock is owned by institutional investors.

Insider Buying and Selling

In other Associated Banc news, EVP Patrick Ahern sold 1,309 shares of the company’s stock in a transaction on Thursday, September 3rd. The stock was sold at an average price of $30.85, for a total value of $40,382.65. Following the sale, the executive vice president directly owned 43,743 shares in the company, valued at $1,349,471.55. This represents a 2.91% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. 0.71% of the stock is currently owned by corporate insiders.

Associated Banc Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, December 15th. Investors of record on Tuesday, December 1st will be paid a $0.25 dividend. The ex-dividend date of this dividend is Tuesday, December 1st. This represents a $1.00 annualized dividend and a yield of 3.2%. This is a positive change from Associated Banc’s previous quarterly dividend of $0.24. Associated Banc’s payout ratio is presently 33.22%.

Associated Banc Company Profile

Associated Banc-Corp is a bank holding company headquartered in Green Bay, Wisconsin. Its principal subsidiary, Associated Bank, provides banking and financial services to individuals, businesses, and organizations. The company offers consumer and commercial banking products, including deposit accounts, mortgage and other lending, business financing, and cash-management services. It also provides wealth management and related financial services. Associated Bank primarily serves customers in Wisconsin, Illinois, and Minnesota through its branches and other service channels.