Associated Banc (NYSE:ASB) Sets New 12-Month High – What’s Next?

Posted by George Bondi on Jul 3rd, 2026

Associated Banc-Corp (NYSE:ASB – Get Free Report)’s stock price reached a new 52-week high on Wednesday . The stock traded as high as $31.36 and last traded at $31.0850, with a volume of 1401574 shares changing hands. The stock had previously closed at $30.77.

Analyst Upgrades and Downgrades

ASB has been the subject of a number of research analyst reports. Barclays raised shares of Associated Banc from an “equal weight” rating to an “overweight” rating and increased their price target for the stock from $30.00 to $33.00 in a research report on Tuesday, April 7th. Piper Sandler upped their price objective on shares of Associated Banc from $29.00 to $30.00 and gave the company a “neutral” rating in a research note on Friday, April 24th. Robert W. Baird increased their target price on shares of Associated Banc from $29.00 to $30.00 and gave the stock a “neutral” rating in a research report on Friday, April 24th. Zacks Research lowered shares of Associated Banc from a “strong-buy” rating to a “hold” rating in a research note on Monday, April 6th. Finally, Wall Street Zen lowered shares of Associated Banc from a “buy” rating to a “hold” rating in a research note on Saturday, May 2nd. Six investment analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $30.70.

View Our Latest Analysis on ASB

Associated Banc Trading Down 0.0%

The firm has a market cap of $5.78 billion, a P/E ratio of 10.64, a PEG ratio of 1.80 and a beta of 0.76. The company has a 50 day moving average of $28.57 and a 200 day moving average of $27.33. The company has a debt-to-equity ratio of 0.84, a quick ratio of 0.90 and a current ratio of 0.90.

Associated Banc (NYSE:ASB – Get Free Report) last released its quarterly earnings data on Thursday, April 23rd. The bank reported $0.70 EPS for the quarter, topping analysts’ consensus estimates 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 return on equity of 10.46% and a net margin of 19.88%.During the same quarter in the prior year, the company posted $0.59 earnings per share. Analysts predict that Associated Banc-Corp will post 2.92 EPS for the current fiscal year.

Associated Banc Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, June 15th. Stockholders of record on Monday, June 1st were paid a dividend of $0.24 per share. The ex-dividend date was Monday, June 1st. This represents a $0.96 annualized dividend and a dividend yield of 3.1%. Associated Banc’s dividend payout ratio is 33.33%.

Insider Buying and Selling at Associated Banc

In related news, EVP Matthew R. Braeger sold 5,000 shares of Associated Banc stock in a transaction on Tuesday, June 9th. The shares were sold at an average price of $28.17, for a total value of $140,850.00. Following the completion of the sale, the executive vice president owned 11,777 shares of the company’s stock, valued at approximately $331,758.09. The trade was a 29.80% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, EVP John A. Utz sold 5,000 shares of the stock in a transaction on Wednesday, June 10th. The stock was sold at an average price of $28.82, for a total transaction of $144,100.00. Following the transaction, the executive vice president directly owned 118,156 shares in the company, valued at $3,405,255.92. The trade was a 4.06% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold a total of 28,299 shares of company stock worth $801,760 over the last quarter. Company insiders own 0.71% of the company’s stock.

Institutional Trading of Associated Banc

Several large investors have recently made changes to their positions in the stock. California State Teachers Retirement System boosted its holdings in shares of Associated Banc by 0.3% in the second quarter. California State Teachers Retirement System now owns 154,933 shares of the bank’s stock valued at $3,779,000 after buying an additional 394 shares during the period. US Bancorp DE increased its position in shares of Associated Banc by 0.5% during the third quarter. US Bancorp DE now owns 80,677 shares of the bank’s stock worth $2,074,000 after acquiring an additional 415 shares in the last quarter. LPL Financial LLC raised its holdings in shares of Associated Banc by 2.3% during the fourth quarter. LPL Financial LLC now owns 19,079 shares of the bank’s stock worth $491,000 after acquiring an additional 426 shares during the period. Tidal Investments LLC raised its holdings in shares of Associated Banc by 2.0% during the second quarter. Tidal Investments LLC now owns 27,354 shares of the bank’s stock worth $667,000 after acquiring an additional 549 shares during the period. Finally, Quadrant Capital Group LLC lifted its position in Associated Banc by 1.8% in the 4th quarter. Quadrant Capital Group LLC now owns 34,801 shares of the bank’s stock valued at $896,000 after acquiring an additional 619 shares in the last quarter. Institutional investors own 82.98% of the company’s stock.

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.