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

by · The Markets Daily

Associated Banc (NYSE:ASB – Free Report) had its price objective raised by Piper Sandler from $27.00 to $30.00 in a research note released on Friday morning, MarketBeat.com reports. They currently have a neutral rating on the bank’s stock.

A number of other research firms have also weighed in on ASB. Barclays dropped their price objective on Associated Banc from $32.00 to $30.00 and set an “equal weight” rating for the company in a research note on Tuesday, November 11th. Wall Street Zen downgraded Associated Banc from a “buy” rating to a “hold” rating in a research note on Saturday, January 3rd. Royal Bank Of Canada reiterated a “sector perform” rating and set a $29.00 price objective on shares of Associated Banc in a research report on Monday, January 12th. Raymond James Financial reissued an “outperform” rating and issued a $30.00 target price (up previously from $29.00) on shares of Associated Banc in a report on Monday, October 27th. Finally, Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Associated Banc in a research note on Monday, December 29th. Three equities research analysts have rated the stock with a Buy rating and eight have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $29.10.

View Our Latest Analysis on Associated Banc

Associated Banc Stock Performance

Shares of NYSE ASB opened at $26.47 on Friday. The firm has a fifty day moving average price of $26.22 and a 200-day moving average price of $25.79. The company has a debt-to-equity ratio of 0.81, a current ratio of 0.90 and a quick ratio of 0.90. The stock has a market cap of $4.39 billion, a PE ratio of 9.56, a price-to-earnings-growth ratio of 0.73 and a beta of 0.79. Associated Banc has a 1 year low of $18.32 and a 1 year high of $28.02.

Associated Banc (NYSE:ASB – Get Free Report) last released its earnings results on Thursday, January 22nd. The bank reported $0.80 earnings per share for the quarter, beating analysts’ consensus estimates of $0.69 by $0.11. Associated Banc had a net margin of 19.31% and a return on equity of 10.25%. The company had revenue of $393.52 million for the quarter, compared to analysts’ expectations of $382.06 million. During the same quarter in the previous year, the company earned $0.72 EPS. Equities analysts anticipate that Associated Banc will post 2.43 earnings per share for the current fiscal year.

Associated Banc Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, December 15th. Stockholders of record on Monday, December 1st were issued a $0.24 dividend. This is a positive change from Associated Banc’s previous quarterly dividend of $0.23. The ex-dividend date was Monday, December 1st. This represents a $0.96 dividend on an annualized basis and a dividend yield of 3.6%. Associated Banc’s dividend payout ratio (DPR) is presently 34.66%.

Insider Activity at Associated Banc

In related news, EVP John A. Utz sold 2,135 shares of the stock in a transaction on Tuesday, December 9th. The stock was sold at an average price of $26.41, for a total transaction of $56,385.35. Following 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 filing with the SEC, which is accessible through this hyperlink. Also, 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 transaction of $783,567.30. Following the transaction, the executive vice president directly 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. Additional details regarding this sale are available in the official SEC disclosure. In the last three months, insiders have sold 35,951 shares of company stock worth $925,756. Corporate insiders own 1.10% of the company’s stock.

Institutional Trading of Associated Banc

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Hantz Financial Services Inc. boosted its position in shares of Associated Banc by 2,033.9% during the second quarter. Hantz Financial Services Inc. now owns 1,195 shares of the bank’s stock valued at $29,000 after buying an additional 1,139 shares during the period. Smartleaf Asset Management LLC lifted its stake in shares of Associated Banc by 46.8% during the 3rd quarter. Smartleaf Asset Management LLC now owns 1,279 shares of the bank’s stock worth $33,000 after acquiring an additional 408 shares during the last quarter. Quent Capital LLC purchased a new position in Associated Banc during the 3rd quarter valued at $34,000. 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. Finally, Bayforest Capital Ltd bought a new position in Associated Banc in the 2nd quarter valued at $34,000. 82.98% of the stock is owned by hedge funds and other institutional investors.

Associated Banc News Summary

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

(Get Free Report)

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.

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