Associated Banc-Corp (NYSE:ASB) Given Consensus Recommendation of “Moderate Buy” by Brokerages

Associated Banc-Corp (NYSE:ASB) has been given an average recommendation of “Moderate Buy” by the twelve research firms that are presently covering the firm, MarketBeat Ratings reports. Six analysts have rated the stock with a hold recommendation and six have assigned a buy recommendation to the company. The average twelve-month target price among analysts that have issued ratings on the stock in the last year is $31.00.

A number of equities research analysts have recently issued reports on ASB shares. Truist Financial increased their target price on Associated Banc from $30.00 to $32.00 and gave the company a “hold” rating in a research note on Friday, July 10th. Robert W. Baird upped their price target on Associated Banc from $29.00 to $30.00 and gave the stock a “neutral” rating in a report on Friday, April 24th. Raymond James Financial increased their price objective on shares of Associated Banc from $31.00 to $35.00 and gave the company an “outperform” rating in a research report on Wednesday, July 1st. Piper Sandler lifted their price objective on shares of Associated Banc from $29.00 to $30.00 and gave the company a “neutral” rating in a research note on Friday, April 24th. Finally, Barclays boosted their target price on shares of Associated Banc from $33.00 to $34.00 and gave the stock an “overweight” rating in a research report on Tuesday, July 7th.

Associated Banc Stock Down 0.1%

Shares of Associated Banc stock opened at $30.78 on Monday. Associated Banc has a twelve month low of $23.63 and a twelve month high of $31.83. The stock has a market cap of $5.81 billion, a price-to-earnings ratio of 10.76, a price-to-earnings-growth ratio of 1.14 and a beta of 0.76. The company has a current ratio of 0.93, a quick ratio of 0.93 and a debt-to-equity ratio of 0.95. The company has a fifty day moving average price of $29.45 and a 200 day moving average price of $27.82.

Associated Banc (NYSE:ASB) last released its quarterly earnings data on Thursday, July 23rd. The bank reported $0.73 EPS for the quarter, beating the consensus estimate of $0.72 by $0.01. The company had revenue of $450.44 million for the quarter, compared to analyst estimates of $438.01 million. Associated Banc had a return on equity of 10.64% and a net margin of 19.66%.During the same period last year, the company posted $0.65 earnings per share. Equities research analysts forecast that Associated Banc will post 2.91 earnings per share for the current fiscal year.

Associated Banc Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, June 15th. Shareholders of record on Monday, June 1st were issued a $0.24 dividend. The ex-dividend date was Monday, June 1st. This represents a $0.96 dividend on an annualized basis and a yield of 3.1%. Associated Banc’s payout ratio is currently 33.57%.

Insider Activity

In related news, EVP Matthew R. Braeger sold 5,000 shares of the stock in a transaction dated Tuesday, June 9th. The stock was sold at an average price of $28.17, for a total value of $140,850.00. Following the completion of the transaction, the executive vice president owned 11,777 shares of the company’s stock, valued at approximately $331,758.09. This represents a 29.80% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, EVP John A. Utz sold 5,000 shares of Associated Banc stock in a transaction that occurred on Wednesday, June 10th. The stock was sold at an average price of $28.82, for a total value of $144,100.00. Following the sale, the executive vice president owned 118,156 shares in the company, valued at $3,405,255.92. This represents a 4.06% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last quarter, insiders sold 28,299 shares of company stock valued at $801,760. Corporate insiders own 0.71% of the company’s stock.

Institutional Trading of Associated Banc

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. IAG Wealth Partners LLC boosted its stake in Associated Banc by 4,250.0% during the 1st quarter. IAG Wealth Partners LLC now owns 1,218 shares of the bank’s stock valued at $31,000 after acquiring an additional 1,190 shares during the last quarter. Eurizon Capital SGR S.p.A. bought a new stake in shares of Associated Banc in the 4th quarter worth about $33,000. EverSource Wealth Advisors LLC increased its position in shares of Associated Banc by 345.5% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 1,350 shares of the bank’s stock worth $33,000 after purchasing an additional 1,047 shares during the last quarter. CIBC Private Wealth Group LLC acquired a new stake in shares of Associated Banc in the 3rd quarter valued at about $51,000. Finally, Hoese & Co LLP acquired a new stake in shares of Associated Banc in the 4th quarter valued at about $52,000. Institutional investors own 82.98% of the company’s stock.

Key Headlines Impacting Associated Banc

Here are the key news stories impacting Associated Banc this week:

• Positive Sentiment: ASB reported adjusted Q2 EPS of $0.73, slightly ahead of the $0.72 consensus, while revenue of $450.4 million also beat estimates. The beat suggests the bank is executing well operationally. Associated Banc-Corp (ASB) Surpasses Q2 Earnings and Revenue Estimates
• Positive Sentiment: Net interest income, fee income, loans, and deposits all improved year over year, signaling healthier underlying business momentum and better revenue generation. Associated Banc-Corp Q2 Earnings Beat as NII, Fee Income Improve Y/Y
• Positive Sentiment: Management said it targets 18%–20% loan growth in 2026 and plans to resume share repurchases in the second half, both of which are supportive of future earnings per share and shareholder returns.
• Neutral Sentiment: Several follow-up articles and the earnings call transcript highlighted strong loan growth and strategic initiatives, but these were largely reiterations of the earnings release rather than new market-moving developments.
• Neutral Sentiment: The stock had already moved higher into the earnings release and is now trading near its 52-week high, which may limit upside if investors begin to focus on execution versus valuation.

Associated Banc Company Profile

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.