Associated Banc-Corp (NYSE:ASB) Stock Has Consensus Target Price of $32.50

Posted by Francis Steltz on Oct 31st, 2026

Associated Banc-Corp (NYSE:ASB – Get Free Report) has been assigned a consensus rating of “Moderate Buy” from the twelve ratings firms that are presently covering the company, Marketbeat Ratings reports. Six research analysts have rated the stock with a hold rating and six have issued a buy rating on the company. The average twelve-month target price among analysts that have issued a report on the stock in the last year is $32.50.

A number of research analysts have recently issued reports on the company. Barclays lifted their price target on Associated Banc from $34.00 to $35.00 and gave the company an “overweight” rating in a report on Monday, October 5th. Weiss Ratings restated a “buy (b)” rating on shares of Associated Banc in a research note on Monday, September 21st. Wells Fargo & Company dropped their price objective on Associated Banc from $36.00 to $35.00 and set an “overweight” rating on the stock in a research report on Tuesday, September 29th. Truist Financial lifted their target price on Associated Banc from $32.00 to $33.00 and gave the company a “hold” rating in a research note on Tuesday, August 4th. Finally, Piper Sandler boosted their target price on shares of Associated Banc from $34.00 to $35.00 and gave the stock a “neutral” rating in a report on Friday, October 23rd.

Read Our Latest Stock Analysis on ASB

Associated Banc Price Performance

ASB opened at $30.26 on Wednesday. The business has a fifty day moving average of $29.69 and a 200 day moving average of $28.65. The stock has a market cap of $5.62 billion, a P/E ratio of 10.47, a PEG ratio of 1.03 and a beta of 0.80. The company has a quick ratio of 0.92, a current ratio of 0.92 and a debt-to-equity ratio of 0.86. Associated Banc has a 52-week low of $23.87 and a 52-week high of $32.46.

Associated Banc (NYSE:ASB – Get Free Report) last issued its earnings results on Thursday, October 22nd. The bank reported $0.81 earnings per share for the quarter, beating analysts’ consensus estimates of $0.76 by $0.05. Associated Banc had a return on equity of 10.75% and a net margin of 19.87%. The business had revenue of $468.51 million during the quarter, compared to analyst estimates of $463.69 million. During the same period in the previous year, the company posted $0.73 EPS. As a group, sell-side analysts anticipate that Associated Banc will post 2.99 EPS for the current year.

Associated Banc Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, December 15th. Stockholders of record on Tuesday, December 1st will be issued a $0.25 dividend. The ex-dividend date is Tuesday, December 1st. This represents a $1.00 dividend on an annualized basis and a dividend yield of 3.3%. This is an increase from Associated Banc’s previous quarterly dividend of $0.24. Associated Banc’s dividend payout ratio (DPR) is 33.22%.

Insider Transactions at Associated Banc

In related news, EVP Patrick Ahern sold 1,309 shares of the business’s stock in a transaction that occurred on Thursday, September 3rd. The shares were sold at an average price of $30.85, for a total transaction of $40,382.65. Following the completion of the transaction, the executive vice president owned 43,743 shares in the company, valued at $1,349,471.55. The trade was a 2.91% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, EVP Gregory Warsek sold 16,300 shares of the stock in a transaction that occurred on Wednesday, August 12th. The shares were sold at an average price of $32.01, for a total transaction of $521,763.00. Following the sale, the executive vice president directly owned 13,809 shares of the company’s stock, valued at $442,026.09. The trade was a 54.14% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 61,170 shares of company stock valued at $1,957,840 in the last 90 days. Insiders own 0.71% of the company’s stock.

Institutional Trading of Associated Banc

Several hedge funds and other institutional investors have recently made changes to their positions in ASB. Associated Banc Corp purchased a new position in shares of Associated Banc in the 3rd quarter valued at approximately $67,673,000. One Way Holdings LLC purchased a new stake in Associated Banc during the 3rd quarter worth approximately $5,630,000. Vise Technologies Inc. purchased a new stake in Associated Banc during the 3rd quarter worth approximately $257,000. Signaturefd LLC increased its stake in Associated Banc by 253.1% during the 3rd quarter. Signaturefd LLC now owns 9,130 shares of the bank’s stock valued at $262,000 after purchasing an additional 6,544 shares in the last quarter. Finally, Citizens Financial Group Inc. RI increased its stake in Associated Banc by 28.1% during the 3rd quarter. Citizens Financial Group Inc. RI now owns 9,524 shares of the bank’s stock valued at $273,000 after purchasing an additional 2,087 shares in the last quarter. Hedge funds and other institutional investors own 82.98% of the company’s stock.

Associated Banc Company Profile

(Get Free Report)

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.