Several other research firms have also recently issued reports on ASB. Wells Fargo & Company upgraded shares of Associated Banc from an “equal weight” rating to an “overweight” rating and decreased their target price for the company from $27.00 to $26.00 in a research note on Wednesday, April 9th. Raymond James Financial reiterated an “outperform” rating and issued a $27.00 target price on shares of Associated Banc in a research note on Monday, April 28th. Keefe, Bruyette & Woods decreased their target price on shares of Associated Banc from $29.00 to $27.00 and set a “market perform” rating for the company in a research note on Friday, April 25th. Stephens decreased their target price on shares of Associated Banc from $28.00 to $26.00 and set an “equal weight” rating for the company in a research note on Friday, April 25th. Finally, Truist Financial initiated coverage on shares of Associated Banc in a research note on Tuesday, May 13th. They issued a “hold” rating and a $26.00 target price for the company. One research analyst has rated the stock with a sell rating, eight have given a hold rating and two have given a buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $27.22.

View Our Latest Report on Associated Banc

Shares of NYSE ASB opened at $25.90 on Tuesday. The company has a current ratio of 0.87, a quick ratio of 0.87 and a debt-to-equity ratio of 0.58. Associated Banc has a 12 month low of $18.32 and a 12 month high of $28.18. The company has a 50 day simple moving average of $23.84 and a two-hundred day simple moving average of $23.39. The stock has a market cap of $4.29 billion, a price-to-earnings ratio of 30.12, a PEG ratio of 1.13 and a beta of 0.80.

Associated Banc (NYSE:ASB – Get Free Report) last announced its quarterly earnings data on Thursday, April 24th. The bank reported $0.59 EPS for the quarter, beating the consensus estimate of $0.57 by $0.02. Associated Banc had a net margin of 6.02% and a return on equity of 8.47%. The business had revenue of $348.97 million during the quarter, compared to analysts’ expectations of $347.86 million. During the same period in the previous year, the business posted $0.52 EPS. The business’s quarterly revenue was up 6.8% compared to the same quarter last year. As a group, analysts predict that Associated Banc will post 2.43 earnings per share for the current year.

The business also recently declared a quarterly dividend, which was paid on Monday, June 16th. Investors of record on Monday, June 2nd were issued a $0.23 dividend. This represents a $0.92 annualized dividend and a yield of 3.55%. The ex-dividend date of this dividend was Monday, June 2nd. Associated Banc’s payout ratio is presently 106.98%.

In related news, CEO Andrew J. Harmening purchased 12,910 shares of the business’s stock in a transaction that occurred on Friday, May 9th. The stock was bought at an average price of $23.25 per share, with a total value of $300,157.50. Following the acquisition, the chief executive officer owned 319,269 shares in the company, valued at $7,423,004.25. The trade was a 4.21% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 1.45% of the company’s stock.

A number of large investors have recently modified their holdings of the business. Hancock Whitney Corp grew its holdings in shares of Associated Banc by 0.7% during the fourth quarter. Hancock Whitney Corp now owns 58,001 shares of the bank’s stock worth $1,386,000 after buying an additional 401 shares in the last quarter. NewEdge Advisors LLC grew its holdings in shares of Associated Banc by 13.1% during the fourth quarter. NewEdge Advisors LLC now owns 3,518 shares of the bank’s stock worth $84,000 after buying an additional 408 shares in the last quarter. Oregon Public Employees Retirement Fund grew its holdings in shares of Associated Banc by 1.5% during the first quarter. Oregon Public Employees Retirement Fund now owns 33,238 shares of the bank’s stock worth $749,000 after buying an additional 500 shares in the last quarter. GAMMA Investing LLC lifted its position in Associated Banc by 11.6% during the first quarter. GAMMA Investing LLC now owns 5,251 shares of the bank’s stock worth $118,000 after buying an additional 547 shares in the last quarter. Finally, Northwestern Mutual Wealth Management Co. lifted its position in Associated Banc by 17.9% during the first quarter. Northwestern Mutual Wealth Management Co. now owns 3,688 shares of the bank’s stock worth $83,000 after buying an additional 559 shares in the last quarter. Hedge funds and other institutional investors own 82.98% of the company’s stock.

(Get Free Report)

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.

- Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Associated Banc and related companies with MarketBeat.com's FREE daily email newsletter.