Associated Banc Q3 EPS Estimate Increased by Zacks Research

Key Points

• Zacks Research has increased the Q3 EPS estimate for Associated Banc to $0.67, up from $0.66, with a full-year consensus estimate of $2.43 per share.
• Associated Banc reported Q2 earnings of $0.65 per share, exceeding the analysts' expectations of $0.62, alongside a revenue of $366.98 million.
• The company declared a quarterly dividend of $0.23 per share, representing an annualized dividend of $0.92 with a yield of 3.5%.

Associated Banc-Corp (NYSE:ASB - Free Report) - Equities researchers at Zacks Research lifted their Q3 2026 earnings estimates for Associated Banc in a research note issued to investors on Wednesday, September 17th. Zacks Research analyst Team now expects that the bank will post earnings of $0.67 per share for the quarter, up from their prior estimate of $0.66. The consensus estimate for Associated Banc's current full-year earnings is $2.43 per share.

Associated Banc (NYSE:ASB - Get Free Report) last issued 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 business had revenue of $366.98 million for the quarter, compared to the consensus estimate of $362.78 million. Associated Banc had a net margin of 5.79% and a return on equity of 8.86%. During the same period in the previous year, the company earned $0.52 earnings per share.

ASB has been the topic of several other reports. Wells Fargo & Company upped their price objective on shares of Associated Banc from $28.00 to $30.00 and gave the company an "overweight" rating in a report on Thursday, July 10th. Barclays upped their price objective on shares of Associated Banc from $28.00 to $30.00 and gave the company an "equal weight" rating in a report on Monday, July 28th. Truist Financial upped their price objective on shares of Associated Banc from $26.00 to $27.00 and gave the company a "hold" rating in a report on Monday, July 28th. Royal Bank Of Canada upped their price objective on shares of Associated Banc from $26.00 to $27.00 and gave the company a "sector perform" rating in a report on Friday, July 25th. Finally, Robert W. Baird upped their price objective on shares of Associated Banc from $27.00 to $28.00 and gave the company a "neutral" rating in a report on Friday, July 25th. Two equities research analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the company's stock. According to MarketBeat.com, the stock presently has a consensus rating of "Hold" and a consensus price target of $27.78.

Associated Banc Price Performance

Shares of ASB opened at $26.57 on Friday. The company has a market cap of $4.41 billion, a price-to-earnings ratio of 34.51, a PEG ratio of 1.00 and a beta of 0.84. Associated Banc has a 1-year low of $18.32 and a 1-year high of $28.18. The company's fifty day simple moving average is $25.61 and its 200 day simple moving average is $23.71. The company has a current ratio of 0.92, a quick ratio of 0.91 and a debt-to-equity ratio of 0.98.

Associated Banc Announces Dividend

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

Insider Buying and Selling

In related news, EVP John A. Utz sold 13,000 shares of the company's stock in a transaction dated Friday, August 29th. The shares were sold at an average price of $27.24, for a total transaction of $354,120.00. Following the completion of the sale, the executive vice president owned 111,228 shares of the company's stock, valued at $3,029,850.72. This represents a 10.46% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, EVP Patrick Edward Ahern sold 3,342 shares of the company's stock in a transaction dated Thursday, September 11th. The stock was sold at an average price of $26.20, for a total transaction of $87,560.40. Following the sale, the executive vice president directly owned 41,472 shares of the company's stock, valued at $1,086,566.40. This represents a 7.46% decrease in their position. The disclosure for this sale can be found here. Insiders sold 18,342 shares of company stock valued at $494,360 over the last quarter. 1.45% of the stock is owned by company insiders.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Hantz Financial Services Inc. increased its stake in shares of Associated Banc by 2,033.9% in the second quarter. Hantz Financial Services Inc. now owns 1,195 shares of the bank's stock valued at $29,000 after buying an additional 1,139 shares during the period. EverSource Wealth Advisors LLC increased its stake in shares of Associated Banc by 345.5% in the second quarter. EverSource Wealth Advisors LLC now owns 1,350 shares of the bank's stock valued at $33,000 after buying an additional 1,047 shares during the period. Bayforest Capital Ltd acquired a new position in shares of Associated Banc in the second quarter valued at approximately $34,000. Versant Capital Management Inc increased its stake in shares of Associated Banc by 385.5% in the first quarter. Versant Capital Management Inc now owns 1,612 shares of the bank's stock valued at $36,000 after buying an additional 1,280 shares during the period. Finally, Quarry LP increased its stake in shares of Associated Banc by 77.7% in the first quarter. Quarry LP now owns 1,907 shares of the bank's stock valued at $43,000 after buying an additional 834 shares during the period. 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.

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