Analysts Issue Forecasts for Associated Banc Q3 Earnings

Key Points

• Zacks Research has raised its Q3 2025 earnings per share estimate for Associated Banc-Corp to $0.64, up from a prior estimate of $0.63.
• The bank's last quarterly earnings report showed an EPS of $0.65, beating estimates and reporting revenue of $366.98 million.
• Associated Banc recently announced a quarterly dividend of $0.23 per share, which represents an annualized yield of 3.6%.

Associated Banc-Corp (NYSE:ASB - Free Report) - Analysts at Zacks Research upped their Q3 2025 earnings per share (EPS) estimates for shares of Associated Banc in a note issued to investors on Wednesday, September 17th. Zacks Research analyst Team now anticipates that the bank will earn $0.64 per share for the quarter, up from their previous estimate of $0.63. 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 Q4 2025 earnings at $0.67 EPS, FY2025 earnings at $2.55 EPS, FY2026 earnings at $2.73 EPS, Q1 2027 earnings at $0.71 EPS and FY2027 earnings at $2.76 EPS.

Associated Banc (NYSE:ASB - Get Free Report) last posted its quarterly earnings data on Thursday, July 24th. The bank reported $0.65 EPS for the quarter, beating the consensus estimate of $0.62 by $0.03. Associated Banc had a return on equity of 8.86% and a net margin of 5.79%.The firm had revenue of $366.98 million during the quarter, compared to the consensus estimate of $362.78 million. During the same period in the prior year, the company earned $0.52 EPS.

Several other research firms also recently commented on ASB. Wells Fargo & Company increased their price objective on Associated Banc from $28.00 to $30.00 and gave the company an "overweight" rating in a research note on Thursday, July 10th. Keefe, Bruyette & Woods raised their target price 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. Royal Bank Of Canada raised their target price on Associated Banc from $26.00 to $27.00 and gave the stock a "sector perform" rating in a research note on Friday, July 25th. Barclays raised their target price on Associated Banc from $28.00 to $30.00 and gave the stock an "equal weight" rating in a research note on Monday, July 28th. Finally, Robert W. Baird raised their target price on Associated Banc from $27.00 to $28.00 and gave the stock a "neutral" rating in a research note on Friday, July 25th. Two analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company. According to data from MarketBeat, the company has a consensus rating of "Hold" and a consensus target price of $27.78.

Associated Banc Price Performance

NYSE ASB traded down $0.40 during mid-day trading on Thursday, hitting $25.88. The stock had a trading volume of 1,013,747 shares, compared to its average volume of 1,325,711. The firm's 50 day moving average is $25.63 and its 200 day moving average is $23.76. Associated Banc has a twelve month low of $18.32 and a twelve month high of $28.18. The company has a debt-to-equity ratio of 0.98, a current ratio of 0.92 and a quick ratio of 0.91. The stock has a market capitalization of $4.29 billion, a price-to-earnings ratio of 33.60, a PEG ratio of 1.01 and a beta of 0.84.

Institutional Trading of Associated Banc

A number of hedge funds and other institutional investors have recently modified their holdings of the business. Hantz Financial Services Inc. boosted its holdings in Associated Banc by 2,033.9% during the 2nd quarter. Hantz Financial Services Inc. now owns 1,195 shares of the bank's stock valued at $29,000 after acquiring an additional 1,139 shares during the period. EverSource Wealth Advisors LLC boosted its holdings in Associated Banc by 345.5% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 1,350 shares of the bank's stock valued at $33,000 after acquiring an additional 1,047 shares during the period. Bayforest Capital Ltd purchased a new position in Associated Banc during the 2nd quarter valued at about $34,000. Versant Capital Management Inc boosted its holdings in Associated Banc by 385.5% during the 1st quarter. Versant Capital Management Inc now owns 1,612 shares of the bank's stock valued at $36,000 after acquiring an additional 1,280 shares during the period. Finally, Quarry LP boosted its holdings in Associated Banc by 77.7% during the 1st quarter. Quarry LP now owns 1,907 shares of the bank's stock valued at $43,000 after acquiring an additional 834 shares during the period. 82.98% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, EVP Matthew R. Braeger sold 2,000 shares of the firm's stock in a transaction dated Tuesday, September 9th. The stock was sold at an average price of $26.34, for a total transaction of $52,680.00. Following the completion of the sale, the executive vice president directly owned 13,346 shares of the company's stock, valued at approximately $351,533.64. This trade represents a 13.03% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP John A. Utz sold 13,000 shares of the firm's stock in a transaction dated Friday, August 29th. The stock was sold at an average price of $27.24, for a total value of $354,120.00. Following the sale, the executive vice president directly owned 111,228 shares of the company's stock, valued at $3,029,850.72. The trade was a 10.46% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 18,342 shares of company stock valued at $494,360. 1.10% of the stock is currently owned by insiders.

Associated Banc Announces Dividend

The firm 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. This represents a $0.92 dividend on an annualized basis and a dividend yield of 3.6%. The ex-dividend date of this dividend was Tuesday, September 2nd. Associated Banc's dividend payout ratio (DPR) is presently 119.48%.

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.