Associated Banc (ASB) to Release Earnings on Thursday

Associated Banc (NYSE:ASB - Get Free Report) is expected to be issuing its Q2 2025 quarterly earnings data after the market closes on Thursday, July 24th. Analysts expect the company to announce earnings of $0.61 per share and revenue of $362.78 million for the quarter.

Associated Banc (NYSE:ASB - Get Free Report) last issued its earnings results 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 business had revenue of $348.97 million for the quarter, compared to analyst estimates of $347.86 million. Associated Banc had a return on equity of 8.47% and a net margin of 6.02%. The business's quarterly revenue was up 6.8% on a year-over-year basis. During the same period last year, the company posted $0.52 EPS. On average, analysts expect Associated Banc to post $2 EPS for the current fiscal year and $3 EPS for the next fiscal year.

Associated Banc Trading Up 1.3%

Shares of ASB traded up $0.34 during trading hours on Thursday, hitting $25.71. The stock had a trading volume of 2,013,353 shares, compared to its average volume of 1,566,555. The company has a debt-to-equity ratio of 0.58, a quick ratio of 0.87 and a current ratio of 0.87. The firm has a market cap of $4.26 billion, a P/E ratio of 29.89, a P/E/G ratio of 0.94 and a beta of 0.80. The company's fifty day simple moving average is $24.04 and its 200 day simple moving average is $23.42. Associated Banc has a 12-month low of $18.32 and a 12-month high of $28.18.

Associated Banc Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, June 16th. Investors of record on Monday, June 2nd were issued a $0.23 dividend. The ex-dividend date of this dividend was Monday, June 2nd. This represents a $0.92 annualized dividend and a yield of 3.58%. Associated Banc's dividend payout ratio is currently 106.98%.

Insider Buying and Selling

In other news, CEO Andrew J. Harmening purchased 12,910 shares of the firm's stock in a transaction that occurred on Friday, May 9th. The stock was acquired at an average cost of $23.25 per share, for a total transaction of $300,157.50. Following the completion of the purchase, the chief executive officer owned 319,269 shares of the company's stock, valued at approximately $7,423,004.25. This trade represents a 4.21% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 1.45% of the company's stock.

Hedge Funds Weigh In On Associated Banc

Large investors have recently bought and sold shares of the business. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its holdings in Associated Banc by 6.0% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 97,570 shares of the bank's stock worth $2,198,000 after acquiring an additional 5,531 shares during the last quarter. Millennium Management LLC lifted its holdings in Associated Banc by 90.4% in the first quarter. Millennium Management LLC now owns 287,890 shares of the bank's stock worth $6,486,000 after acquiring an additional 136,648 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its holdings in Associated Banc by 13.9% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 496,392 shares of the bank's stock worth $11,184,000 after acquiring an additional 60,758 shares during the last quarter. Finally, Goldman Sachs Group Inc. lifted 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 worth $61,927,000 after acquiring an additional 1,598,951 shares during the last quarter. Institutional investors own 82.98% of the company's stock.

Wall Street Analyst Weigh In

Several brokerages have recently weighed in on ASB. Barclays raised their target price on Associated Banc from $25.00 to $28.00 and gave the company an "equal weight" rating in a research note on Tuesday, July 8th. Wells Fargo & Company raised their target price on Associated Banc from $28.00 to $30.00 and gave the company an "overweight" rating in a research note on Thursday, July 10th. Raymond James Financial restated an "outperform" rating and set a $27.00 target price on shares of Associated Banc in a research note on Monday, April 28th. Stephens lowered their target price on Associated Banc from $28.00 to $26.00 and set an "equal weight" rating for the company in a research note on Friday, April 25th. Finally, Keefe, Bruyette & Woods lowered their target price on Associated Banc from $29.00 to $27.00 and set a "market perform" rating for the company in a research note on Friday, April 25th. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating and two have issued a buy rating to the company's stock. According to MarketBeat, the stock currently has an average rating of "Hold" and an average price target of $27.22.

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.