Andrew Harmening Buys Shares of Associated Banc-Corp

Andrew Harmening, President and CEO of Associated Banc-Corp, recently bought 2,554 shares of the company, spending approximately $75,113.14. The purchase took place on June 15, 2026, at an average price of $29.41 per share. This move was not part of a pre-planned trading program.

Other Institutional Activity in Associated Banc-Corp

Several major institutional investors have been active in Associated Banc-Corp. BlackRock, Inc. increased its stake by 1,214,530 shares, bringing its total to 22,420,184 shares valued at about $579.79 million. Vanguard Portfolio Management LLC added 10,881,788 shares, now holding the same number of shares worth approximately $281.40 million. Dimensional Fund Advisors LP upped its holdings by 170,080 shares to a total of 9,811,228 shares valued at $253.71 million. State Street Corp added 250,096 shares, reaching a total of 8,961,442 shares worth $231.74 million. First Trust Advisors LP made a significant increase, adding 3,347,699 shares to hold 5,971,227 shares valued at $154.42 million.

Associated Banc-Corp Stock Down 5.1%

Shares of Associated Banc-Corp (NYSE:ASB) are trading near $29.34. The company has a market cap of approximately $5.54 billion with a P/E ratio of 10.19 and a forward P/E of 9.07. The stock's 52-week range is between $22.48 and $29.96. It has a 50-day moving average of $27.95 and a 200-day moving average of $26.59. The company's beta is 0.788, indicating lower volatility compared to the broader market.

Recent Earnings

Associated Banc-Corp reported revenue of $1.47 billion with a growth rate of 12.2%. The company posted earnings per share (EPS) of $2.88. Its net margin stands at 33.43%, and return on equity (ROE) is 10.18%. The next earnings report is expected on July 23, 2026.

Dividend

Associated Banc-Corp offers a dividend rate of $0.95 per share, yielding 3.24%. The dividend payout ratio is 32.64%, which suggests a balanced approach to rewarding shareholders while retaining earnings for growth.

Insider Buying and Selling at Associated Banc-Corp

On June 15, 2026, several insiders at Associated Banc-Corp made purchases. Michael Haddad bought 33 shares at $29.41 and 38 shares at $29.22. John Utz, Executive Vice President, acquired 46 shares at $29.49. Kristen Ludgate purchased 38 shares at $29.22, and Derek Meyer, EVP and CFO, bought 127 shares at the same price. Cory Nettles added 382 shares at $29.22. None of these transactions were part of planned trading programs.

Analysts Set New Price Targets

On April 24, 2026, Keefe, Bruyette & Woods maintained a hold rating with a $31.00 price target. Piper Sandler and Baird also maintained hold ratings with targets of $30.00. Barclays upgraded the stock to buy with a $33.00 target on April 7, 2026. The consensus indicates a hold recommendation with an average price target of $31.00 based on nine analyst opinions.

About Associated Banc-Corp

Associated Banc-Corp, headquartered in Green Bay, Wisconsin, is a regional bank holding company that provides a range of banking and financial services. It operates in several states, including Wisconsin, Illinois, Missouri, Texas, and Minnesota. The bank offers various lending solutions, deposit products, cash management services, and specialized financial services. Led by CEO Andrew Harmening, the company employs around 3,934 people.

Bottom Line

The recent insider purchase by CEO Andrew Harmening reflects confidence in Associated Banc-Corp. Investors often watch insider activity for potential signals. The stock is also seeing interest from major institutional investors, with significant adjustments in their holdings. While analysts maintain a mixed outlook, the company continues to perform with solid earnings and a stable dividend.