Associated Banc (NYSE:ASB) Price Target Raised to $30.00

Associated Banc (NYSE:ASB) had its price target upped by Royal Bank Of Canada from $29.00 to $30.00 in a research note released on Friday, Marketbeat Ratings reports. Royal Bank Of Canada currently has a sector perform rating on the bank’s stock.

Several other analysts also recently weighed in on ASB. UBS Group reiterated a “buy” rating and set a $28.00 price target on shares of Associated Banc in a research note on Tuesday, December 2nd. Barclays decreased their target price on Associated Banc from $32.00 to $30.00 and set an “equal weight” rating for the company in a report on Tuesday, November 11th. Weiss Ratings reiterated a “hold (c+)” rating on shares of Associated Banc in a research report on Monday, December 29th. Truist Financial raised their price target on shares of Associated Banc from $27.00 to $29.00 and gave the stock a “hold” rating in a research report on Monday, December 22nd. Finally, Raymond James Financial restated an “outperform” rating and set a $30.00 price objective (up from $29.00) on shares of Associated Banc in a research note on Monday, October 27th. Three equities research analysts have rated the stock with a Buy rating and eight have given a Hold rating to the company. According to MarketBeat, Associated Banc presently has a consensus rating of “Hold” and an average price target of $29.10.

Associated Banc Price Performance

Shares of ASB stock opened at $26.47 on Friday. Associated Banc has a fifty-two week low of $18.32 and a fifty-two week high of $28.02. The company has a debt-to-equity ratio of 0.81, a quick ratio of 0.90 and a current ratio of 0.90. The firm has a market capitalization of $4.39 billion, a price-to-earnings ratio of 9.56, a PEG ratio of 0.73 and a beta of 0.79. The stock’s 50-day simple moving average is $26.22 and its 200-day simple moving average is $25.79.

Associated Banc (NYSE:ASB) last released its earnings results on Thursday, January 22nd. The bank reported $0.80 EPS for the quarter, topping analysts’ consensus estimates of $0.69 by $0.11. The company had revenue of $393.52 million during the quarter, compared to analysts’ expectations of $382.06 million. Associated Banc had a net margin of 19.31% and a return on equity of 10.25%. During the same period last year, the business earned $0.72 EPS. As a group, equities analysts forecast that Associated Banc will post 2.43 earnings per share for the current fiscal year.

Associated Banc Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, December 15th. Shareholders of record on Monday, December 1st were given a dividend of $0.24 per share. This is an increase from Associated Banc’s previous quarterly dividend of $0.23. This represents a $0.96 dividend on an annualized basis and a yield of 3.6%. The ex-dividend date was Monday, December 1st. Associated Banc’s dividend payout ratio (DPR) is currently 34.66%.

Insider Buying and Selling

In other Associated Banc news, EVP John A. Utz sold 2,135 shares of the stock in a transaction dated Tuesday, December 9th. The shares were sold at an average price of $26.41, for a total value of $56,385.35. Following the completion of the sale, the executive vice president owned 109,842 shares in the company, valued at approximately $2,900,927.22. This represents a 1.91% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Patrick Edward Ahern sold 30,489 shares of Associated Banc stock in a transaction that occurred on Thursday, December 4th. The stock was sold at an average price of $25.70, for a total value of $783,567.30. Following the transaction, the executive vice president owned 24,055 shares in the company, valued at approximately $618,213.50. The trade was a 55.90% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 35,951 shares of company stock worth $925,756 in the last quarter. Insiders own 1.10% of the company’s stock.

Institutional Investors Weigh In On Associated Banc

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Burney Co. boosted its holdings in Associated Banc by 3.9% in the 4th quarter. Burney Co. now owns 48,664 shares of the bank’s stock valued at $1,254,000 after purchasing an additional 1,836 shares during the last quarter. Harbor Capital Advisors Inc. increased its holdings in shares of Associated Banc by 10.8% during the 4th quarter. Harbor Capital Advisors Inc. now owns 32,092 shares of the bank’s stock worth $827,000 after buying an additional 3,121 shares during the last quarter. Hoese & Co LLP purchased a new stake in shares of Associated Banc during the 4th quarter valued at approximately $52,000. SG Americas Securities LLC purchased a new stake in shares of Associated Banc during the 4th quarter valued at approximately $11,659,000. Finally, Wealth Enhancement Advisory Services LLC lifted its holdings in Associated Banc by 6.4% in the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 60,295 shares of the bank’s stock valued at $1,620,000 after acquiring an additional 3,639 shares during the last quarter. 82.98% of the stock is currently owned by institutional investors and hedge funds.

Key Associated Banc News

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

• Positive Sentiment: Q4 results: ASB posted GAAP EPS of $0.80 and revenue roughly $393–389M (beats consensus), with improving credit metrics and lower provisions — a clear earnings beat. Zacks: ASB Q4 Earnings Beat
• Positive Sentiment: Record annual results: Associated Banc reported record 2025 net income available to common equity of $463M ($2.77/share), signaling stronger full‑year profitability. PR Newswire: Record 2025 Net Income
• Positive Sentiment: Analysts lifted price targets to $30 from $27–29 (RBC, Piper Sandler, Keefe/Bruyette & Woods), implying ~13% upside; the raises provide support for the stock. The Fly: RBC PT Raise The Fly: Piper PT Raise Benzinga: KBW/Other Coverage
• Neutral Sentiment: Detailed coverage and transcripts available: investors can review the earnings call transcript and Q4 snapshots to check guidance, expense outlook and credit commentary. Yahoo: Earnings Call Transcript SeattlePI: Q4 Snapshot
• Negative Sentiment: Analysts retained neutral/sector‑perform/market‑perform ratings despite higher targets, which may limit buying momentum and help explain the stock’s decline today. The Fly: Analyst Ratings

About Associated Banc

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.