Zacks Research Comments on Associated Banc FY2027 Earnings

Associated Banc-Corp (NYSE:ASB) – Analysts at Zacks Research upped their FY2027 earnings per share (EPS) estimates for Associated Banc in a research report issued on Friday, October 10th. Zacks Research analyst Team now anticipates that the bank will post earnings per share of $2.77 for the year, up from their prior estimate of $2.76. The consensus estimate for Associated Banc’s current full-year earnings is $2.43 per share.

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

Other equities analysts have also issued research reports about the company. Keefe, Bruyette & Woods raised their price objective on Associated Banc from $27.00 to $28.00 and gave the stock a “market perform” rating in a research note on Friday, July 25th. Truist Financial raised their price objective on Associated Banc from $26.00 to $27.00 and gave the stock a “hold” rating in a research note on Monday, July 28th. Robert W. Baird raised their price objective on Associated Banc from $27.00 to $28.00 and gave the stock a “neutral” rating in a research note on Friday, July 25th. Barclays raised their price objective on Associated Banc from $30.00 to $32.00 and gave the stock a “positive” rating in a research note on Wednesday, October 8th. Finally, Piper Sandler raised their price objective on Associated Banc from $24.00 to $27.00 and gave the stock a “neutral” rating in a research note on Friday, July 25th. Three research analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $28.11.

Associated Banc Price Performance

Shares of NYSE ASB opened at $26.35 on Monday. The business’s 50 day moving average is $25.85 and its 200-day moving average is $24.15. Associated Banc has a 1-year low of $18.32 and a 1-year high of $28.18. The company has a current ratio of 0.92, a quick ratio of 0.91 and a debt-to-equity ratio of 0.98. The firm has a market cap of $4.37 billion, a P/E ratio of 34.23, a price-to-earnings-growth ratio of 1.02 and a beta of 0.82.

Associated Banc Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, September 15th. Investors of record on Tuesday, September 2nd were issued 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 dividend yield of 3.5%. Associated Banc’s dividend payout ratio (DPR) is 119.48%.

Insider Activity at Associated Banc

In related news, EVP Matthew R. Braeger sold 2,000 shares of the firm’s stock in a transaction on Tuesday, September 9th. The stock was sold at an average price of $26.34, for a total transaction of $52,680.00. Following the sale, the executive vice president owned 13,346 shares of the company’s stock, valued at $351,533.64. This trade represents a 13.03% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, EVP Patrick Edward Ahern sold 3,342 shares of the firm’s stock in a transaction on Thursday, September 11th. The shares were sold at an average price of $26.20, for a total value of $87,560.40. Following the sale, the executive vice president directly owned 41,472 shares in the company, valued at approximately $1,086,566.40. This trade represents a 7.46% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 18,342 shares of company stock valued at $494,360 in the last 90 days. 1.10% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of ASB. Farther Finance Advisors LLC lifted its holdings in Associated Banc by 38.0% during the 1st quarter. Farther Finance Advisors LLC now owns 4,072 shares of the bank’s stock worth $90,000 after buying an additional 1,122 shares during the period. GAMMA Investing LLC lifted its holdings in Associated Banc by 11.6% during the 1st quarter. GAMMA Investing LLC now owns 5,251 shares of the bank’s stock worth $118,000 after buying an additional 547 shares during the period. Handelsbanken Fonder AB lifted its holdings in Associated Banc by 57.1% during the 1st quarter. Handelsbanken Fonder AB now owns 42,362 shares of the bank’s stock worth $954,000 after buying an additional 15,400 shares during the period. Wealth Enhancement Advisory Services LLC lifted its holdings in Associated Banc by 37.3% during the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 31,111 shares of the bank’s stock worth $701,000 after buying an additional 8,459 shares during the period. Finally, State of Alaska Department of Revenue lifted its holdings in Associated Banc by 4.7% during the 1st quarter. State of Alaska Department of Revenue now owns 19,210 shares of the bank’s stock worth $432,000 after buying an additional 855 shares during the period. 82.98% of the stock is owned by institutional investors and hedge funds.

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.