Associated Banc (NYSE:ASB) Price Target Raised to $35.00

Posted by Francis Steltz on Oct 8th, 2026

Associated Banc (NYSE:ASB – Free Report) had its price objective upped by Barclays from $34.00 to $35.00 in a report issued on Monday morning,Benzinga reports. They currently have an overweight rating on the bank’s stock.

ASB has been the subject of a number of other research reports. Piper Sandler restated a “neutral” rating and set a $34.00 target price on shares of Associated Banc in a research report on Wednesday, August 26th. Weiss Ratings reiterated a “buy (b)” rating on shares of Associated Banc in a report on Monday, September 21st. Truist Financial boosted their price target 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. Wells Fargo & Company dropped their price objective on shares of Associated Banc from $36.00 to $35.00 and set an “overweight” rating for the company in a report on Tuesday, September 29th. Finally, Raymond James Financial raised their price objective on Associated Banc from $31.00 to $35.00 and gave the company an “outperform” rating in a research report on Wednesday, July 1st. Six investment analysts have rated the stock with a Buy rating and six have issued a Hold rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $32.00.

View Our Latest Analysis on Associated Banc

Associated Banc Trading Down 1.7%

Shares of ASB stock opened at $28.41 on Monday. The company has a debt-to-equity ratio of 0.95, a current ratio of 0.93 and a quick ratio of 0.93. The company has a market cap of $5.36 billion, a price-to-earnings ratio of 9.93, a PEG ratio of 0.97 and a beta of 0.80. Associated Banc has a 1 year low of $23.86 and a 1 year high of $32.46. The firm has a fifty day moving average price of $30.40 and a 200-day moving average price of $29.16.

Associated Banc (NYSE:ASB – Get Free Report) last released its earnings results on Thursday, July 23rd. The bank reported $0.73 EPS for the quarter, topping analysts’ consensus estimates of $0.72 by $0.01. Associated Banc had a net margin of 19.66% and a return on equity of 10.64%. The company had revenue of $454.54 million for the quarter, compared to analysts’ expectations of $438.01 million. During the same quarter last year, the business earned $0.65 EPS. As a group, equities analysts predict that Associated Banc will post 2.95 earnings per share for the current year.

Associated Banc Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, September 15th. Shareholders of record on Tuesday, September 1st were given a dividend of $0.24 per share. The ex-dividend date was Tuesday, September 1st. This represents a $0.96 annualized dividend and a yield of 3.4%. Associated Banc’s dividend payout ratio (DPR) is 33.57%.

Insiders Place Their Bets

In other Associated Banc news, EVP Randall Erickson sold 43,561 shares of Associated Banc stock in a transaction on Wednesday, August 12th. The shares were sold at an average price of $32.04, for a total value of $1,395,694.44. Following the completion of the transaction, the executive vice president directly owned 56,091 shares of the company’s stock, valued at $1,797,155.64. This trade represents a 43.71% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. Also, EVP Patrick Ahern sold 1,309 shares of the business’s stock in a transaction dated Thursday, September 3rd. The stock was sold at an average price of $30.85, for a total transaction of $40,382.65. Following the completion of the sale, the executive vice president owned 43,743 shares in the company, valued at approximately $1,349,471.55. This trade represents a 2.91% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last ninety days, insiders sold 78,833 shares of company stock worth $2,502,103. Insiders own 0.71% of the company’s stock.

Institutional Investors Weigh In On Associated Banc

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in ASB. BlackRock Inc. bought a new stake in Associated Banc in the second quarter worth about $715,927,000. First Trust Advisors LP grew its stake in shares of Associated Banc by 127.6% during the first quarter. First Trust Advisors LP now owns 5,971,227 shares of the bank’s stock valued at $154,416,000 after buying an additional 3,347,699 shares during the last quarter. Norges Bank purchased a new stake in shares of Associated Banc in the fourth quarter worth approximately $54,660,000. Pzena Investment Management LLC purchased a new stake in shares of Associated Banc in the second quarter worth approximately $61,240,000. Finally, Bank of New York Mellon Corp bought a new stake in shares of Associated Banc during the 2nd quarter worth approximately $48,948,000. 82.98% of the stock is currently owned by hedge funds and other institutional investors.

About Associated Banc

(Get Free Report)

Associated Banc-Corp (NYSE: ASB) is a bank holding company headquartered in Green Bay, Wisconsin. Its principal subsidiary, Associated Bank, provides banking and financial services to consumers, businesses, institutions and municipalities.

The company offers deposit accounts, residential and commercial real estate lending, business loans, consumer financing, cash-management and treasury services, credit cards, wealth management, investment services and insurance products. Associated also provides specialized financial services for commercial and corporate clients, including relationship banking and capital-market support.

Associated Bank serves customers through branches, offices and digital banking channels across Wisconsin and portions of Illinois and Minnesota.