Associated Banc (NYSE:ASB) Share Price Crosses Above 50-Day Moving Average – Should You Sell?
by Doug Wharley · The Cerbat GemAssociated Banc-Corp (NYSE:ASB – Get Free Report)’s stock price crossed above its 50 day moving average during trading on Wednesday . The stock has a 50 day moving average of $26.55 and traded as high as $27.90. Associated Banc shares last traded at $27.4250, with a volume of 1,494,718 shares.
Key Stories Impacting Associated Banc
Here are the key news stories impacting Associated Banc this week:
- Positive Sentiment: Zacks Research lifted its earnings estimates for several periods, including FY2026 to $2.92 EPS, FY2027 to $3.22 EPS, and FY2028 to $3.56 EPS, signaling improved profitability expectations for Associated Banc-Corp (NYSE: ASB).
- Positive Sentiment: The firm also raised near-term estimates for Q2 2026, Q3 2026, Q4 2026, Q2 2027, Q3 2027, and Q4 2027, indicating analysts see steadier earnings momentum ahead.
- Neutral Sentiment: Zacks Research maintained its Hold rating, which is supportive but not a strong bullish endorsement for the stock.
- Neutral Sentiment: The revisions were spread across multiple future quarters rather than tied to a major company announcement, so the market impact may be limited. Associated Banc-Corp Stock Quote
Analysts Set New Price Targets
Several equities research analysts recently commented on the stock. Piper Sandler boosted their price objective on shares of Associated Banc from $29.00 to $30.00 and gave the stock a “neutral” rating in a research note on Friday, April 24th. Raymond James Financial reissued an “outperform” rating and set a $31.00 price objective on shares of Associated Banc in a research note on Monday, April 27th. Keefe, Bruyette & Woods boosted their price objective on shares of Associated Banc from $30.00 to $31.00 and gave the stock a “market perform” rating in a research note on Friday, April 24th. Robert W. Baird boosted their price objective on shares of Associated Banc from $29.00 to $30.00 and gave the stock a “neutral” rating in a research note on Friday, April 24th. Finally, Royal Bank Of Canada boosted their price objective on shares of Associated Banc from $29.00 to $30.00 and gave the stock a “sector perform” rating in a research note on Friday, January 23rd. Six research analysts have rated the stock with a Buy rating and six have given a Hold rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $30.30.
View Our Latest Stock Analysis on Associated Banc
Associated Banc Price Performance
The firm’s 50 day moving average is $26.59 and its 200 day moving average is $26.54. The firm has a market cap of $4.51 billion, a P/E ratio of 9.44, a price-to-earnings-growth ratio of 1.61 and a beta of 0.79. The company has a debt-to-equity ratio of 0.84, a current ratio of 0.90 and a quick ratio of 0.90.
Associated Banc (NYSE:ASB – Get Free Report) last issued its earnings results on Thursday, April 23rd. The bank reported $0.70 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.69 by $0.01. The firm had revenue of $387.21 million for the quarter, compared to the consensus estimate of $384.20 million. Associated Banc had a net margin of 19.88% and a return on equity of 10.46%. During the same quarter in the prior year, the firm posted $0.59 earnings per share. As a group, analysts anticipate that Associated Banc-Corp will post 2.92 earnings per share for the current year.
Associated Banc Announces Dividend
The company also recently announced a quarterly dividend, which will be paid on Monday, June 15th. Stockholders of record on Monday, June 1st will be paid a $0.24 dividend. This represents a $0.96 annualized dividend and a dividend yield of 3.5%. The ex-dividend date is Monday, June 1st. Associated Banc’s dividend payout ratio is currently 33.33%.
Associated Banc declared that its Board of Directors has initiated a stock repurchase program on Tuesday, January 27th that permits the company to repurchase $100.00 million in outstanding shares. This repurchase authorization permits the bank to reacquire up to 2.2% of its stock through open market purchases. Stock repurchase programs are usually an indication that the company’s board believes its stock is undervalued.
Insider Activity at Associated Banc
In other news, Director Eileen A. Kamerick sold 6,600 shares of the company’s stock in a transaction that occurred on Thursday, February 19th. The shares were sold at an average price of $28.02, for a total value of $184,932.00. Following the transaction, the director owned 49,264 shares in the company, valued at approximately $1,380,377.28. This represents a 11.81% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, Director John B. Williams sold 4,000 shares of the company’s stock in a transaction that occurred on Tuesday, April 28th. The stock was sold at an average price of $28.18, for a total transaction of $112,720.00. Following the completion of the transaction, the director owned 67,420 shares in the company, valued at approximately $1,899,895.60. This represents a 5.60% decrease in their position. The disclosure for this sale is available in the SEC filing. Corporate insiders own 0.71% of the company’s stock.
Institutional Inflows and Outflows
Several hedge funds have recently made changes to their positions in ASB. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its holdings in shares of Associated Banc by 6.0% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 97,570 shares of the bank’s stock valued at $2,198,000 after purchasing an additional 5,531 shares during the last quarter. Millennium Management LLC raised its holdings in shares of Associated Banc by 90.4% during the first quarter. Millennium Management LLC now owns 287,890 shares of the bank’s stock valued at $6,486,000 after purchasing an additional 136,648 shares during the last quarter. Goldman Sachs Group Inc. raised its holdings in shares of Associated Banc by 139.1% during the first quarter. Goldman Sachs Group Inc. now owns 2,748,667 shares of the bank’s stock valued at $61,927,000 after purchasing an additional 1,598,951 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its holdings in shares of Associated Banc by 13.9% during the first 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 purchasing an additional 60,758 shares during the last quarter. Finally, Sivia Capital Partners LLC purchased a new position in shares of Associated Banc during the second quarter valued at approximately $328,000. 82.98% of the stock is owned by hedge funds and other institutional investors.
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.