Investment Analysts’ Recent Ratings Updates for Associated Banc (ASB)

Several brokerages have updated their recommendations and price targets on shares of Associated Banc (NYSE: ASB) in the last few weeks:

• 1/31/2025 – Associated Banc was downgraded by analysts at StockNews.com from a “hold” rating to a “sell” rating.
• 1/27/2025 – Associated Banc had its price target raised by analysts at Wells Fargo & Company from $26.00 to $27.00. They now have an “equal weight” rating on the stock.
• 1/24/2025 – Associated Banc had its price target raised by analysts at Royal Bank of Canada from $26.00 to $27.00. They now have a “sector perform” rating on the stock.
• 1/24/2025 – Associated Banc had its price target lowered by analysts at Robert W. Baird from $28.00 to $26.00. They now have a “neutral” rating on the stock.
• 1/24/2025 – Associated Banc had its price target raised by analysts at Keefe, Bruyette & Woods from $29.00 to $30.00. They now have a “market perform” rating on the stock.
• 1/24/2025 – Associated Banc had its “equal weight” rating reaffirmed by analysts at Stephens. They now have a $28.00 price target on the stock.
• 12/19/2024 – Associated Banc had its price target raised by analysts at Barclays PLC from $27.00 to $28.00. They now have an “equal weight” rating on the stock.

Associated Banc Stock Down 2.1 %

ASB stock opened at $24.73 on Thursday. The stock has a market cap of $3.74 billion, a P/E ratio of 31.30, a P/E/G ratio of 1.61 and a beta of 0.94. The company has a current ratio of 0.88, a quick ratio of 0.86 and a debt-to-equity ratio of 0.61. The stock’s fifty day simple moving average is $24.79 and its two-hundred day simple moving average is $23.61. Associated Banc-Corp has a 1-year low of $19.40 and a 1-year high of $28.18.

Associated Banc (NYSE:ASB) last issued its quarterly earnings results on Thursday, January 23rd. The bank reported $0.57 earnings per share for the quarter, topping analysts’ consensus estimates of $0.53 by $0.04. Associated Banc had a net margin of 5.15% and a return on equity of 8.24%. Analysts expect that Associated Banc-Corp will post 2.41 EPS for the current year.

Associated Banc Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, March 17th. Stockholders of record on Monday, March 3rd will be given a dividend of $0.23 per share. This represents a $0.92 dividend on an annualized basis and a dividend yield of 3.72%. The ex-dividend date of this dividend is Monday, March 3rd. Associated Banc’s dividend payout ratio is currently 116.46%.

Institutional Investors Weigh In On Associated Banc

A number of hedge funds have recently modified their holdings of ASB. Point72 DIFC Ltd purchased a new stake in Associated Banc in the third quarter worth $39,000. Smartleaf Asset Management LLC lifted its position in shares of Associated Banc by 49.6% during the 4th quarter. Smartleaf Asset Management LLC now owns 1,747 shares of the bank’s stock valued at $42,000 after buying an additional 579 shares during the last quarter. Crews Bank & Trust bought a new position in shares of Associated Banc during the 4th quarter worth $56,000. Sugar Maple Asset Management LLC purchased a new stake in Associated Banc in the 4th quarter worth about $64,000. Finally, R Squared Ltd bought a new stake in Associated Banc in the 4th quarter valued at about $67,000. Institutional investors own 82.98% of the company’s stock.

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.