Associated Banc (NYSE:ASB) Stock Price Target Raised at Royal Bank Of Canada

Associated Banc (NYSE:ASB) had its price objective increased by investment analysts at Royal Bank Of Canada from $33.00 to $34.00 in a report issued on Friday, Benzinga reports. The firm presently has a “sector perform” rating on the bank’s stock. Royal Bank Of Canada‘s target price points to a potential upside of 12.73% from the stock’s previous close.

ASB has been the subject of a number of other research reports. Wells Fargo & Company lowered their target price on Associated Banc from $36.00 to $35.00 and set an “overweight” rating for the company in a report on Tuesday, September 29th. Truist Financial lifted their target price on shares of Associated Banc from $32.00 to $33.00 and gave the stock a “hold” rating in a research note on Tuesday, August 4th. Barclays increased their price target on Associated Banc from $34.00 to $35.00 and gave the stock an “overweight” rating in a research note on Monday, October 5th. Piper Sandler reaffirmed a “neutral” rating and set a $35.00 price target on shares of Associated Banc in a research report on Friday. Finally, Raymond James Financial boosted their price objective on Associated Banc from $31.00 to $35.00 and gave the company an “outperform” rating in a report on Wednesday, July 1st. Six analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, Associated Banc has a consensus rating of “Moderate Buy” and a consensus price target of $32.50.

Associated Banc Stock Performance

Associated Banc stock traded up $0.35 during midday trading on Friday, reaching $30.16. 297,676 shares of the company’s stock were exchanged, compared to its average volume of 2,147,059. The firm has a market cap of $5.70 billion, a price-to-earnings ratio of 10.54, a P/E/G ratio of 1.00 and a beta of 0.80. The company has a debt-to-equity ratio of 0.95, a quick ratio of 0.93 and a current ratio of 0.93. The stock’s 50-day simple moving average is $29.83 and its 200 day simple moving average is $29.44. Associated Banc has a 52 week low of $23.87 and a 52 week high of $32.46.

Associated Banc (NYSE:ASB) last issued its quarterly earnings data on Thursday, October 22nd. The bank reported $0.81 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.76 by $0.05. Associated Banc had a net margin of 19.66% and a return on equity of 10.64%. The firm had revenue of $468.51 million during the quarter, compared to the consensus estimate of $463.69 million. During the same period last year, the business posted $0.73 earnings per share. On average, analysts expect that Associated Banc will post 2.95 earnings per share for the current fiscal year.

Insider Activity at Associated Banc

In other news, EVP Randall J. Erickson sold 43,561 shares of the company’s stock in a transaction dated Wednesday, August 12th. The stock was sold at an average price of $32.04, for a total value of $1,395,694.44. Following the completion of the sale, the executive vice president directly owned 56,091 shares of the company’s stock, valued at $1,797,155.64. This represents a 43.71% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, EVP Nicole M. Kitowski sold 7,663 shares of the business’s stock in a transaction on Tuesday, July 28th. The shares were sold at an average price of $30.91, for a total transaction of $236,863.33. Following the completion of the transaction, the executive vice president directly owned 45,327 shares of the company’s stock, valued at $1,401,057.57. This trade represents a 14.46% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last 90 days, insiders have sold 78,833 shares of company stock worth $2,502,103. Company insiders own 0.71% of the company’s stock.

Hedge Funds Weigh In On Associated Banc

A number of hedge funds have recently bought and sold shares of the business. BlackRock Inc. acquired a new stake in Associated Banc during the second quarter worth approximately $715,927,000. Dimensional Fund Advisors LP raised its holdings in Associated Banc by 1.8% during the 1st quarter. Dimensional Fund Advisors LP now owns 9,811,228 shares of the bank’s stock worth $253,709,000 after purchasing an additional 170,080 shares during the last quarter. First Trust Advisors LP raised its holdings in Associated Banc by 127.6% during the 1st quarter. First Trust Advisors LP now owns 5,971,227 shares of the bank’s stock worth $154,416,000 after purchasing an additional 3,347,699 shares during the last quarter. Pzena Investment Management LLC acquired a new position in shares of Associated Banc in the 2nd quarter worth approximately $61,240,000. Finally, Wellington Management Group LLP boosted its stake in shares of Associated Banc by 17.0% in the 2nd quarter. Wellington Management Group LLP now owns 1,907,826 shares of the bank’s stock valued at $58,704,000 after purchasing an additional 276,560 shares during the last quarter. 82.98% of the stock is owned by institutional investors.

Associated Banc News Summary

Here are the key news stories impacting Associated Banc this week:

• Positive Sentiment: Third-quarter net income rose 18% year over year to $146.6 million. GAAP diluted EPS was $0.76, while EPS excluding nonrecurring items was $0.81, exceeding the consensus estimate cited in company coverage; revenue of approximately $464 million also topped expectations. Associated Banc-Corp Third Quarter Earnings
• Positive Sentiment: Core customer deposits increased by $700 million during the quarter, while total deposits grew 16% year over year to $40.4 billion. Loans rose 18% to $36.5 billion, indicating continued balance-sheet expansion and stronger funding momentum. Associated Banc-Corp Key Takeaways
• Positive Sentiment: Net interest income climbed 24% to $377.3 million, and net interest margin expanded 16 basis points to 3.20%. The combination suggests the bank is converting loan and deposit growth into improved earnings power. Associated Banc Third-Quarter Net Income
• Positive Sentiment: Associated Banc repurchased $100 million of common stock in the third quarter, supporting per-share value and signaling management confidence in the company’s valuation and capital position. Associated Banc-Corp Key Takeaways
• Neutral Sentiment: The company separately announced third-quarter net charge-offs. Investors will assess the level and trend of credit losses for evidence that stronger growth is not being accompanied by worsening loan quality. Associated Banc-Corp Net Charge-Offs

Associated Banc Company Profile

Associated Banc-Corp is a regional bank holding company headquartered in Green Bay, Wisconsin. Through its principal subsidiary, Associated Bank, it provides banking and financial services to individuals, families, businesses and institutions.

Associated Bank offers commercial and corporate banking, retail banking, mortgage lending, consumer lending, treasury management, investment and wealth management, and institutional services. Its business banking activities include lending, deposit accounts, cash-management solutions and other services designed for small and middle-market companies.

The company primarily serves customers across Wisconsin, Illinois and Minnesota through its branch network and digital banking channels.