AXQ Capital LP Purchases New Shares in Associated Banc-Corp $ASB

Posted by George Bondi on Jun 3rd, 2026

AXQ Capital LP purchased a new stake in Associated Banc-Corp (NYSE:ASB – Free Report) during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm purchased 28,143 shares of the bank’s stock, valued at approximately $725,000.

Other institutional investors have also recently added to or reduced their stakes in the company. Eurizon Capital SGR S.p.A. acquired a new stake in Associated Banc in the 4th quarter valued at $33,000. Smartleaf Asset Management LLC grew its stake in Associated Banc by 46.8% in the 3rd quarter. Smartleaf Asset Management LLC now owns 1,279 shares of the bank’s stock valued at $33,000 after acquiring an additional 408 shares during the period. EverSource Wealth Advisors LLC grew its stake in Associated Banc by 345.5% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 1,350 shares of the bank’s stock valued at $33,000 after acquiring an additional 1,047 shares during the period. CIBC Private Wealth Group LLC acquired a new stake in Associated Banc in the 3rd quarter valued at $51,000. Finally, Hoese & Co LLP acquired a new stake in Associated Banc in the 4th quarter valued at $52,000. Institutional investors and hedge funds own 82.98% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts recently issued reports on the stock. Weiss Ratings raised shares of Associated Banc from a “hold (c+)” rating to a “buy (b)” rating in a research note on Tuesday, February 17th. Piper Sandler lifted their target price on shares of Associated Banc from $29.00 to $30.00 and gave the stock a “neutral” rating in a research note on Friday, April 24th. Robert W. Baird lifted their target price on shares of Associated Banc from $29.00 to $30.00 and gave the stock a “neutral” rating in a research note on Friday, April 24th. Stephens raised shares of Associated Banc from an “equal weight” rating to an “overweight” rating and lowered their target price for the stock from $30.00 to $29.00 in a research note on Friday, March 27th. Finally, Keefe, Bruyette & Woods lifted their target price on shares of Associated Banc from $30.00 to $31.00 and gave the stock a “market perform” rating in a research note on Friday, April 24th. Six investment analysts have rated the stock with a Buy rating and six have given a Hold rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $30.30.

Get Our Latest Stock Report on ASB

Insider Buying and Selling at Associated Banc

In other news, EVP Dennis Deloye sold 14,299 shares of Associated Banc stock in a transaction on Tuesday, May 26th. The stock was sold at an average price of $28.26, for a total transaction of $404,089.74. Following the transaction, the executive vice president owned 21,385 shares in the company, valued at $604,340.10. The trade was a 40.07% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director John B. Williams sold 4,000 shares of the business’s stock in a transaction dated Tuesday, April 28th. The shares were sold at an average price of $28.18, for a total transaction of $112,720.00. Following the completion of the sale, the director owned 67,420 shares in the company, valued at approximately $1,899,895.60. This trade represents a 5.60% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. 0.71% of the stock is owned by insiders.

Associated Banc Stock Up 1.4%

NYSE ASB opened at $27.57 on Wednesday. Associated Banc-Corp has a 52 week low of $22.48 and a 52 week high of $29.51. The company has a quick ratio of 0.90, a current ratio of 0.90 and a debt-to-equity ratio of 0.84. The business’s fifty day simple moving average is $27.24 and its 200-day simple moving average is $26.76. The firm has a market cap of $4.57 billion, a PE ratio of 9.57, a P/E/G ratio of 1.57 and a beta of 0.77.

Associated Banc (NYSE:ASB – Get Free Report) last posted its quarterly earnings results on Thursday, April 23rd. The bank reported $0.70 EPS for the quarter, topping the consensus estimate of $0.69 by $0.01. Associated Banc had a return on equity of 10.46% and a net margin of 19.88%.The business had revenue of $387.21 million for the quarter, compared to analyst estimates of $384.20 million. During the same quarter in the previous year, the firm earned $0.59 EPS. As a group, equities analysts anticipate that Associated Banc-Corp will post 2.92 earnings per share for the current year.

Associated Banc Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, June 15th. Stockholders of record on Monday, June 1st will be issued a dividend of $0.24 per share. This represents a $0.96 annualized dividend and a dividend yield of 3.5%. The ex-dividend date is Monday, June 1st. Associated Banc’s payout ratio is currently 33.33%.

Associated Banc Company Profile

(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.