Q2 EPS Estimates for Associated Banc Boosted by Analyst

Associated Banc-Corp (NYSE:ASB - Free Report) - Research analysts at Zacks Research raised their Q2 2025 earnings per share estimates for Associated Banc in a research report issued to clients and investors on Thursday, May 15th. Zacks Research analyst R. Department now expects that the bank will earn $0.61 per share for the quarter, up from their prior forecast of $0.59. 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 Q3 2025 earnings at $0.62 EPS, FY2025 earnings at $2.46 EPS, Q2 2026 earnings at $0.65 EPS, Q3 2026 earnings at $0.67 EPS, Q4 2026 earnings at $0.71 EPS and Q1 2027 earnings at $0.66 EPS.

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 analysts' consensus estimates of $0.57 by $0.02. Associated Banc had a return on equity of 8.24% and a net margin of 5.15%. The company had revenue of $348.97 million for the quarter, compared to analyst estimates of $347.86 million. During the same period in the prior year, the firm earned $0.52 earnings per share. Associated Banc's revenue for the quarter was up 6.8% on a year-over-year basis.

Other equities analysts have also recently issued research reports about the stock. Keefe, Bruyette & Woods dropped their price target on shares of Associated Banc from $29.00 to $27.00 and set a "market perform" rating on the stock in a research report on Friday, April 25th. Royal Bank of Canada raised their price target on shares of Associated Banc from $26.00 to $27.00 and gave the company a "sector perform" rating in a research report on Friday, January 24th. Wall Street Zen cut shares of Associated Banc from a "hold" rating to a "sell" rating in a research report on Friday, January 31st. Robert W. Baird dropped their price target on shares of Associated Banc from $28.00 to $26.00 and set a "neutral" rating on the stock in a research report on Friday, January 24th. Finally, Barclays dropped their price target on shares of Associated Banc from $28.00 to $25.00 and set an "equal weight" rating on the stock in a research report on Tuesday, April 8th. One equities research analyst has rated the stock with a sell rating, nine have assigned a hold rating and two have issued a buy rating to the company's stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Hold" and an average price target of $26.00.

Associated Banc Stock Down 0.4%

Shares of NYSE:ASB traded down $0.09 during trading on Monday, reaching $22.99. 962,768 shares of the stock were exchanged, compared to its average volume of 1,543,333. The company has a debt-to-equity ratio of 0.61, a current ratio of 0.88 and a quick ratio of 0.86. Associated Banc has a 1-year low of $18.32 and a 1-year high of $28.18. The stock has a fifty day moving average of $21.96 and a two-hundred day moving average of $23.92. The firm has a market cap of $3.81 billion, a price-to-earnings ratio of 29.10, a price-to-earnings-growth ratio of 1.52 and a beta of 0.79.

Associated Banc Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, June 16th. Investors of record on Monday, June 2nd will be issued a dividend of $0.23 per share. The ex-dividend date is Monday, June 2nd. This represents a $0.92 dividend on an annualized basis and a yield of 4.00%. Associated Banc's dividend payout ratio (DPR) is presently 106.98%.

Insider Buying and Selling at Associated Banc

In other Associated Banc news, Director Eileen A. Kamerick sold 7,000 shares of the stock in a transaction on Monday, March 3rd. The stock was sold at an average price of $24.71, for a total transaction of $172,970.00. Following the completion of the transaction, the director now directly owns 49,495 shares of the company's stock, valued at approximately $1,223,021.45. This represents a 12.39% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Andrew J. Harmening acquired 12,910 shares of Associated Banc stock in a transaction on Friday, May 9th. The shares were purchased at an average cost of $23.25 per share, with a total value of $300,157.50. Following the completion of the acquisition, the chief executive officer now owns 319,269 shares of the company's stock, valued at $7,423,004.25. This trade represents a 4.21% increase in their position. The disclosure for this purchase can be found here. Corporate insiders own 1.45% of the company's stock.

Hedge Funds Weigh In On Associated Banc

Several institutional investors and hedge funds have recently bought and sold shares of the company. Hancock Whitney Corp grew its holdings in Associated Banc by 0.7% during the fourth quarter. Hancock Whitney Corp now owns 58,001 shares of the bank's stock valued at $1,386,000 after purchasing an additional 401 shares during the period. NewEdge Advisors LLC grew its stake in Associated Banc by 13.1% in the 4th quarter. NewEdge Advisors LLC now owns 3,518 shares of the bank's stock valued at $84,000 after buying an additional 408 shares in the last quarter. US Bancorp DE grew its stake in Associated Banc by 0.6% in the 4th quarter. US Bancorp DE now owns 80,294 shares of the bank's stock valued at $1,919,000 after buying an additional 494 shares in the last quarter. Oregon Public Employees Retirement Fund grew its stake in Associated Banc by 1.5% in the 1st quarter. Oregon Public Employees Retirement Fund now owns 33,238 shares of the bank's stock valued at $749,000 after buying an additional 500 shares in the last quarter. Finally, GAMMA Investing LLC grew its stake in Associated Banc by 11.6% in the 1st quarter. GAMMA Investing LLC now owns 5,251 shares of the bank's stock valued at $118,000 after buying an additional 547 shares in the last quarter. 82.98% of the stock is owned by institutional investors.

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.