SEB Asset Management AB Buys New Stake in Associated Banc-Corp $ASB

SEB Asset Management AB purchased a new stake in Associated Banc-Corp (NYSE:ASB) during the first quarter, according to its most recent filing with the SEC. The fund purchased 106,119 shares of the bank’s stock, valued at approximately $2,744,000.

Other hedge funds have also bought and sold shares of the company. IAG Wealth Partners LLC grew its position in shares of Associated Banc by 4,250.0% during the first quarter. IAG Wealth Partners LLC now owns 1,218 shares of the bank’s stock valued at $31,000 after purchasing an additional 1,190 shares in the last quarter. Eurizon Capital SGR S.p.A. purchased a new stake in shares of Associated Banc in the fourth quarter worth about $33,000. EverSource Wealth Advisors LLC lifted its position in shares of Associated Banc by 345.5% in the second quarter. EverSource Wealth Advisors LLC now owns 1,350 shares of the bank’s stock worth $33,000 after buying an additional 1,047 shares in the last quarter. CIBC Private Wealth Group LLC bought a new position in Associated Banc during the third quarter valued at approximately $51,000. Finally, Hoese & Co LLP bought a new position in Associated Banc during the fourth quarter valued at approximately $52,000. Hedge funds and other institutional investors own 82.98% of the company’s stock.

Associated Banc Price Performance

Shares of Associated Banc stock opened at $30.28 on Friday. The stock has a market cap of $5.71 billion, a price-to-earnings ratio of 10.51, a price-to-earnings-growth ratio of 1.13 and a beta of 0.76. The company has a debt-to-equity ratio of 0.84, a quick ratio of 0.90 and a current ratio of 0.90. The stock has a 50 day moving average price of $29.38 and a 200-day moving average price of $27.79. Associated Banc-Corp has a one year low of $23.63 and a one year high of $31.83.

Associated Banc (NYSE:ASB) last released its quarterly earnings results on Thursday, July 23rd. The bank reported $0.73 earnings per share for the quarter, beating the consensus estimate of $0.72 by $0.01. The company had revenue of $450.44 million for the quarter, compared to analyst estimates of $438.01 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 firm posted $0.65 EPS. Equities analysts expect that Associated Banc-Corp will post 2.91 EPS for the current year.

Associated Banc Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, June 15th. Stockholders of record on Monday, June 1st were paid a $0.24 dividend. The ex-dividend date of this dividend was Monday, June 1st. This represents a $0.96 annualized dividend and a dividend yield of 3.2%. Associated Banc’s dividend payout ratio is currently 33.33%.

Key Headlines Impacting Associated Banc

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

• Positive Sentiment: Associated Banc-Corp reported adjusted Q2 earnings of $0.73 per share, topping the $0.72 consensus estimate, while revenue of $450.44 million also came in above forecasts. The results were supported by sustained organic growth and ongoing integration benefits from American National Corporation. Associated Banc-Corp Reports Second Quarter 2026 Earnings
• Positive Sentiment: The company’s year-over-year earnings improved from $0.65 per share, showing continued profit growth and suggesting the bank is still expanding earnings power. Associated Banc-Corp (ASB) Surpasses Q2 Earnings and Revenue Estimates
• Neutral Sentiment: Conference-call coverage and earnings snapshots largely reinforce the same message: the quarter was better than expected, but the market is still assessing how much of the outperformance is sustainable going forward. Transcript: Associated Banc Q2 2026 Earnings Conference Call
• Neutral Sentiment: Reported net margin of 19.88% and return on equity of 10.46% indicate a stable quarter, but not one that dramatically changes the investment thesis. Associated Banc Stock

Insider Activity

In related news, EVP John A. Utz sold 5,000 shares of the company’s stock in a transaction dated Wednesday, June 10th. The shares were 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 approximately $3,405,255.92. This represents a 4.06% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director John B. Williams sold 4,000 shares of the stock in a transaction dated Tuesday, April 28th. The stock was sold at an average price of $28.18, for a total transaction of $112,720.00. Following the completion of the sale, the director directly owned 67,420 shares in the company, valued at $1,899,895.60. This trade represents a 5.60% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last ninety days, insiders sold 28,299 shares of company stock worth $801,760. Insiders own 0.71% of the company’s stock.

Analyst Ratings Changes

A number of analysts have issued reports on ASB shares. Piper Sandler lifted their price objective on Associated Banc from $29.00 to $30.00 and gave the stock a “neutral” rating in a research note on Friday, April 24th. Wall Street Zen lowered shares of Associated Banc from a “buy” rating to a “hold” rating in a report on Saturday, May 2nd. Truist Financial boosted their price target on shares of Associated Banc from $30.00 to $32.00 and gave the stock a “hold” rating in a research report on Friday, July 10th. Raymond James Financial upped their price target on shares of Associated Banc from $31.00 to $35.00 and gave the company an “outperform” rating in a research note on Wednesday, July 1st. Finally, Stephens upgraded shares of Associated Banc from an “equal weight” rating to an “overweight” rating and lowered their price objective for the company from $30.00 to $29.00 in a research report on Friday, March 27th. Six analysts have rated the stock with a Buy rating and six have given a Hold rating to the company. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $31.00.

About Associated Banc

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.