Zacks Research Forecasts Higher Earnings for Associated Banc

Associated Banc-Corp (NYSE:ASB) – Equities researchers at Zacks Research increased their Q2 2025 earnings estimates for Associated Banc in a research note issued to investors on Thursday, May 15th. Zacks Research analyst R. Department now expects that the bank will earn $0.61 per share for the quarter, up from their previous estimate of $0.59. The consensus estimate for Associated Banc’s current full-year earnings is $2.43 per share. Zacks Research also issued estimates for Associated Banc’s Q3 2025 earnings at $0.62 EPS, FY2025 earnings at $2.46 EPS, Q2 2026 earnings at $0.65 EPS, Q3 2026 earnings at $0.67 EPS, Q4 2026 earnings at $0.71 EPS and Q1 2027 earnings at $0.66 EPS.

ASB has been the topic of several other reports. Keefe, Bruyette & Woods decreased their price objective on shares of Associated Banc from $29.00 to $27.00 and set a “market perform” rating on the stock in a research report on Friday, April 25th. Raymond James restated an “outperform” rating and issued a $27.00 price objective on shares of Associated Banc in a research report on Monday, April 28th. Wells Fargo & Company upgraded shares of Associated Banc from an “equal weight” rating to an “overweight” rating and decreased their price objective for the stock from $27.00 to $26.00 in a research report on Wednesday, April 9th. Barclays decreased their price objective on shares of Associated Banc from $28.00 to $25.00 and set an “equal weight” rating on the stock in a research report on Tuesday, April 8th. Finally, Royal Bank of Canada increased their price target on shares of Associated Banc from $26.00 to $27.00 and gave the company a “sector perform” rating in a research report on Friday, January 24th. One analyst has rated the stock with a sell rating, nine have given a hold rating and two have given a buy rating to the company. According to MarketBeat.com, Associated Banc has a consensus rating of “Hold” and a consensus target price of $26.00.

Associated Banc Stock Down 0.2%

ASB stock opened at $24.27 on Monday. The company has a current ratio of 0.88, a quick ratio of 0.86 and a debt-to-equity ratio of 0.61. The company’s 50 day moving average is $21.80 and its 200 day moving average is $23.93. The stock has a market cap of $4.02 billion, a price-to-earnings ratio of 30.72, a price-to-earnings-growth ratio of 1.52 and a beta of 0.79. Associated Banc has a 1-year low of $18.32 and a 1-year high of $28.18.

Associated Banc (NYSE:ASB) last posted its quarterly earnings data on Thursday, April 24th. The bank reported $0.59 earnings per share for the quarter, topping the consensus estimate of $0.57 by $0.02. The company had revenue of $348.97 million for the quarter, compared to analysts’ expectations of $347.86 million. Associated Banc had a net margin of 5.15% and a return on equity of 8.24%. Associated Banc’s revenue for the quarter was up 6.8% compared to the same quarter last year. During the same period in the prior year, the business earned $0.52 earnings per share.

Associated Banc Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, June 16th. Stockholders of record on Monday, June 2nd will be issued a $0.23 dividend. The ex-dividend date of this dividend is Monday, June 2nd. This represents a $0.92 dividend on an annualized basis and a dividend yield of 3.79%. Associated Banc’s payout ratio is 106.98%.

Insider Transactions at Associated Banc

In other news, Director Eileen A. Kamerick sold 7,000 shares of the firm’s stock in a transaction that occurred on Monday, March 3rd. The shares were sold at an average price of $24.71, for a total value of $172,970.00. Following the transaction, the director now owns 49,495 shares in the company, valued at approximately $1,223,021.45. This trade represents a 12.39% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Andrew J. Harmening bought 12,910 shares of the business’s stock in a transaction dated Friday, May 9th. The stock was purchased at an average price of $23.25 per share, for a total transaction of $300,157.50. Following the acquisition, the chief executive officer now directly owns 319,269 shares of the company’s stock, valued at approximately $7,423,004.25. The trade was a 4.21% increase in their position. The disclosure for this purchase can be found here. Company insiders own 1.45% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in the company. Vanguard Group Inc. grew its holdings in shares of Associated Banc by 8.7% in the fourth quarter. Vanguard Group Inc. now owns 18,066,871 shares of the bank’s stock worth $431,798,000 after purchasing an additional 1,444,068 shares during the last quarter. FMR LLC grew its holdings in shares of Associated Banc by 9.4% in the fourth quarter. FMR LLC now owns 14,838,422 shares of the bank’s stock worth $354,638,000 after purchasing an additional 1,272,441 shares during the last quarter. Geode Capital Management LLC grew its holdings in shares of Associated Banc by 7.4% in the fourth quarter. Geode Capital Management LLC now owns 3,849,649 shares of the bank’s stock worth $92,026,000 after purchasing an additional 265,378 shares during the last quarter. Goldman Sachs Group Inc. boosted its holdings in Associated Banc by 139.1% in the first quarter. Goldman Sachs Group Inc. now owns 2,748,667 shares of the bank’s stock valued at $61,927,000 after acquiring an additional 1,598,951 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. boosted its holdings in Associated Banc by 3.2% in the first quarter. Charles Schwab Investment Management Inc. now owns 2,321,120 shares of the bank’s stock valued at $52,295,000 after acquiring an additional 72,685 shares in the last quarter. Institutional investors own 82.98% of the company’s stock.

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 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.