Universal Beteiligungs und Servicegesellschaft mbH Boosts Stock Holdings in Associated Banc-Corp $ASB

Universal Beteiligungs und Servicegesellschaft mbH raised its position in shares of Associated Banc-Corp (NYSE:ASB) by 8.3% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 410,289 shares of the bank’s stock after acquiring an additional 31,409 shares during the quarter. Universal Beteiligungs und Servicegesellschaft mbH owned approximately 0.25% of Associated Banc worth $10,549,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in the company. Geode Capital Management LLC increased its position in shares of Associated Banc by 1.6% during the second quarter. Geode Capital Management LLC now owns 4,151,111 shares of the bank’s stock worth $101,256,000 after purchasing an additional 67,219 shares in the last quarter. Goldman Sachs Group Inc. lifted its holdings in Associated Banc by 139.1% in the 1st quarter. Goldman Sachs Group Inc. now owns 2,748,667 shares of the bank’s stock valued at $61,927,000 after purchasing an additional 1,598,951 shares in the last quarter. American Century Companies Inc. boosted its stake in Associated Banc by 7.7% during the 2nd quarter. American Century Companies Inc. now owns 1,983,873 shares of the bank’s stock worth $48,387,000 after purchasing an additional 141,946 shares during the last quarter. Norges Bank purchased a new stake in Associated Banc during the 2nd quarter valued at about $48,373,000. Finally, Pzena Investment Management LLC lifted its stake in Associated Banc by 4.0% in the 2nd quarter. Pzena Investment Management LLC now owns 1,859,542 shares of the bank’s stock worth $45,354,000 after purchasing an additional 71,676 shares in the last quarter. 82.98% of the stock is owned by institutional investors and hedge funds.

Trending Headlines about Associated Banc

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

• Positive Sentiment: Q4 results: ASB posted GAAP EPS of $0.80 and revenue roughly $393–389M (beats consensus), with improving credit metrics and lower provisions — a clear earnings beat. Zacks: ASB Q4 Earnings Beat
• Positive Sentiment: Record annual results: Associated Banc reported record 2025 net income available to common equity of $463M ($2.77/share), signaling stronger full‑year profitability. PR Newswire: Record 2025 Net Income
• Positive Sentiment: Analysts lifted price targets to $30 from $27–29 (RBC, Piper Sandler, Keefe/Bruyette & Woods), implying ~13% upside; the raises provide support for the stock. The Fly: RBC PT Raise The Fly: Piper PT Raise Benzinga: KBW/Other Coverage
• Neutral Sentiment: Detailed coverage and transcripts available: investors can review the earnings call transcript and Q4 snapshots to check guidance, expense outlook and credit commentary. Yahoo: Earnings Call Transcript SeattlePI: Q4 Snapshot
• Negative Sentiment: Analysts retained neutral/sector‑perform/market‑perform ratings despite higher targets, which may limit buying momentum and help explain the stock’s decline today. The Fly: Analyst Ratings

Insider Activity at Associated Banc

In other Associated Banc news, EVP Patrick Edward Ahern sold 30,489 shares of the company’s stock in a transaction on Thursday, December 4th. The stock was sold at an average price of $25.70, for a total transaction of $783,567.30. Following the transaction, the executive vice president directly owned 24,055 shares in the company, valued at $618,213.50. This represents a 55.90% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP John A. Utz sold 2,135 shares of the firm’s stock in a transaction on Tuesday, December 9th. The stock was sold at an average price of $26.41, for a total value of $56,385.35. Following the transaction, the executive vice president owned 109,842 shares of the company’s stock, valued at approximately $2,900,927.22. This represents a 1.91% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last 90 days, insiders sold 35,951 shares of company stock worth $925,756. Company insiders own 1.45% of the company’s stock.

Analysts Set New Price Targets

A number of research firms have recently issued reports on ASB. Truist Financial upped their price target on Associated Banc from $27.00 to $29.00 and gave the company a “hold” rating in a research report on Monday, December 22nd. Piper Sandler boosted their price objective on Associated Banc from $27.00 to $30.00 and gave the stock a “neutral” rating in a research note on Friday. UBS Group reaffirmed a “buy” rating and issued a $28.00 target price on shares of Associated Banc in a research note on Tuesday, December 2nd. Royal Bank Of Canada lifted their price target on Associated Banc from $29.00 to $30.00 and gave the stock a “sector perform” rating in a report on Friday. Finally, Raymond James Financial reissued an “outperform” rating and set a $30.00 price target (up previously from $29.00) on shares of Associated Banc in a research report on Monday, October 27th. Three research analysts have rated the stock with a Buy rating and eight have assigned a Hold rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $29.10.

Associated Banc Price Performance

ASB stock opened at $26.47 on Friday. Associated Banc-Corp has a 52-week low of $18.32 and a 52-week high of $28.02. The company has a quick ratio of 0.90, a current ratio of 0.90 and a debt-to-equity ratio of 0.82. The stock has a market cap of $4.39 billion, a price-to-earnings ratio of 9.56, a price-to-earnings-growth ratio of 0.73 and a beta of 0.79. The business has a fifty day moving average of $26.22 and a two-hundred day moving average of $25.79.

Associated Banc (NYSE:ASB) last issued its quarterly earnings data on Thursday, January 22nd. The bank reported $0.80 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.69 by $0.11. Associated Banc had a return on equity of 10.36% and a net margin of 19.31%.The firm had revenue of $393.52 million during the quarter, compared to the consensus estimate of $382.06 million. During the same period last year, the company earned $0.72 EPS. As a group, research analysts anticipate that Associated Banc-Corp will post 2.43 earnings per share for the current year.

Associated Banc Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, December 15th. Stockholders of record on Monday, December 1st were paid a $0.24 dividend. This is a positive change from Associated Banc’s previous quarterly dividend of $0.23. The ex-dividend date of this dividend was Monday, December 1st. This represents a $0.96 dividend on an annualized basis and a dividend yield of 3.6%. Associated Banc’s payout ratio is presently 34.66%.

Associated Banc Profile

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.