Raymond James Reiterates Buy Rating for Associated Banc-Corp
Raymond James maintains its buy rating for ASB with a $35 target price, a 13.75% upside from the current price.
Key Points
- Raymond James reiterated its buy rating for Associated Banc-Corp, setting a price target of $35 on July 1, 2026.
- Raymond James's $35 price target implies 13.75% upside from Associated Banc-Corp's ($ASB) current $30.77 share price.
- Shares of NYSE:ASB traded near $30.77 on Wednesday, with a market cap of about $5.81 billion and a P/E ratio of 10.68.
- Insiders bought shares in June, and other analysts like Barclays upgraded ASB to buy with a $33 target.
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Raymond James has reiterated its buy rating for Associated Banc-Corp (NYSE:ASB), setting a price target of $35. This update came on July 1, 2026, with analyst Daniel Tamayo maintaining a positive outlook on the stock.
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Associated Banc-Corp Stock Down 0.5%
Shares of NYSE:ASB traded near $30.77 on Wednesday. Associated Banc-Corp has a market cap of approximately $5.81 billion and a P/E ratio of 10.68. Its forward P/E stands at 9.49, indicating potential future earnings growth. The stock has shown a 52-week range between $23.63 and $31.34, with a 50-day moving average of $28.39 and a 200-day moving average of $26.74. The company's beta is 0.788, suggesting lower volatility compared to the broader market.
$ASB price target
Past daily closes and this analyst's 12-month price target. Not investment advice.
Recent Earnings
In its recent earnings report, Associated Banc-Corp posted revenue of $1.47 billion, marking a growth of 12.2%. The company's net margin is 33.43%, with a return on equity of 10.18%. Earnings per share came in at $2.88. Investors are looking forward to the next earnings release on July 23, 2026.
Dividend
Associated Banc-Corp pays an annual dividend of $0.95 per share, yielding 3.09%. The dividend payout ratio is 32.64%, indicating a sustainable payout relative to earnings.
Insider Buying and Selling at Associated Banc-Corp
In June, several insiders purchased shares of Associated Banc-Corp. On June 15, EVP Steven Zandpour bought 82 shares at an average price of $29.49. Other insiders, including Michael Haddad and John Utz, also bought shares on the same day, with prices ranging around $29.22 to $29.49.
Analysts Set New Price Targets
On July 1, 2026, Raymond James reiterated its buy rating for Associated Banc-Corp, setting a $35 price target. Previously, on April 24, 2026, Keefe, Bruyette & Woods maintained a hold rating with a $31 target, and Barclays upgraded the stock to a buy with a $33 target on April 7, 2026. The consensus among analysts is a buy rating, with a mean target price of $31 from nine analyst opinions.
About Associated Banc-Corp
Associated Banc-Corp is a regional bank holding company headquartered in Green Bay, Wisconsin. It provides a wide range of banking and nonbanking services to individuals and businesses in several states, including Wisconsin, Illinois, and Minnesota. The company offers commercial loans, real estate financing, and personal banking services. It also provides investment advisory and asset management services. Andrew John Harmening serves as the company's CEO, and Associated Banc-Corp employs about 3,934 people.
Bottom Line
Raymond James's decision to reiterate its buy rating for Associated Banc-Corp underscores a positive outlook on the company's future performance. Investors should note that 13F filings and analyst ratings are backward-looking and may not reflect the most current investment decisions. Keeping an eye on upcoming earnings and insider transactions can provide additional context for investment considerations.
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