Associated Banc Q4 EPS Estimate Decreased by Zacks Research

Associated Banc-Corp (NYSE:ASB) – Research analysts at Zacks Research decreased their Q4 2027 earnings per share (EPS) estimates for Associated Banc in a research report issued on Thursday, February 12th. Zacks Research analyst Team now forecasts that the bank will post earnings per share of $0.75 for the quarter, down from their previous forecast of $0.78. The consensus estimate for Associated Banc’s current full-year earnings is $2.43 per share.

Other analysts have also recently issued reports about the company. Truist Financial lifted their price objective on Associated Banc from $29.00 to $30.00 and gave the company a “hold” rating in a research report on Monday, January 26th. Piper Sandler upped their target price on shares of Associated Banc from $27.00 to $30.00 and gave the stock a “neutral” rating in a research report on Friday, January 23rd. Raymond James Financial reiterated an “outperform” rating and set a $30.00 target price (up from $29.00) on shares of Associated Banc in a report on Monday, October 27th. Royal Bank Of Canada upped their price target on Associated Banc from $29.00 to $30.00 and gave the stock a “sector perform” rating in a research note on Friday, January 23rd. Finally, Wall Street Zen upgraded Associated Banc from a “hold” rating to a “buy” rating in a research note on Saturday. Three investment analysts have rated the stock with a Buy rating and eight have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, Associated Banc has a consensus rating of “Hold” and a consensus target price of $29.20.

Associated Banc Stock Up 1.0%

Shares of Associated Banc stock opened at $27.85 on Monday. Associated Banc has a 12-month low of $18.32 and a 12-month high of $29.51. The company has a current ratio of 0.90, a quick ratio of 0.90 and a debt-to-equity ratio of 0.81. The company’s fifty day simple moving average is $26.97 and its two-hundred day simple moving average is $26.08. The company has a market cap of $4.62 billion, a P/E ratio of 10.05, a PEG ratio of 1.27 and a beta of 0.80.

Associated Banc (NYSE:ASB) last released its quarterly earnings results on Thursday, January 22nd. The bank reported $0.80 EPS for the quarter, beating analysts’ consensus estimates of $0.69 by $0.11. Associated Banc had a return on equity of 10.25% and a net margin of 19.31%.The business had revenue of $393.52 million during the quarter, compared to analyst estimates of $382.06 million. During the same quarter in the prior year, the company posted $0.72 EPS.

Institutional Investors Weigh In On Associated Banc

A number of hedge funds have recently modified their holdings of ASB. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its stake in shares of Associated Banc by 6.0% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 97,570 shares of the bank’s stock worth $2,198,000 after purchasing an additional 5,531 shares in the last quarter. Millennium Management LLC increased its holdings in Associated Banc by 90.4% in the 1st 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 in the last quarter. Goldman Sachs Group Inc. raised its stake in Associated Banc by 139.1% during the 1st 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 period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its stake in shares of Associated Banc by 13.9% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 496,392 shares of the bank’s stock valued at $11,184,000 after buying an additional 60,758 shares in the last quarter. Finally, Sivia Capital Partners LLC bought a new position in Associated Banc in the 2nd quarter worth $328,000. Institutional investors own 82.98% of the company’s stock.

Insider Transactions at Associated Banc

In related news, EVP Patrick Edward Ahern sold 30,489 shares of Associated Banc stock in a transaction 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 completion of the sale, the executive vice president owned 24,055 shares of the company’s stock, valued at $618,213.50. The trade was a 55.90% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, Director John B. Williams sold 2,325 shares of the stock in a transaction dated Tuesday, February 3rd. The shares were sold at an average price of $28.05, for a total value of $65,216.25. Following the completion of the transaction, the director directly owned 70,959 shares in the company, valued at approximately $1,990,399.95. This represents a 3.17% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 53,007 shares of company stock worth $1,418,613 in the last ninety days. Insiders own 1.10% of the company’s stock.

Associated Banc Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, March 16th. Investors of record on Monday, March 2nd will be given a dividend of $0.24 per share. The ex-dividend date is Monday, March 2nd. This represents a $0.96 dividend on an annualized basis and a yield of 3.4%. Associated Banc’s dividend payout ratio is 34.66%.

Associated Banc announced that its board has approved a share buyback plan on Tuesday, January 27th that allows the company to buyback $100.00 million in outstanding shares. This buyback authorization allows the bank to purchase up to 2.2% of its shares through open market purchases. Shares buyback plans are typically an indication that the company’s leadership believes its shares are undervalued.

Associated Banc Company Profile

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.