Associated Banc-Corp (ASB)

• Market cap: $3.23B
• 1 day: -1.29%
• 5 days: -6.68%
• 1 month: -14.55%
• 3 months: -16.32%
• 6 months: 0.52%
• Year to date: -9.41%
• 1 year: 3.29%
• 5 years: 54.48%
• 10 years: 12.94%
• Sector: Financials
• Industry: State Commercial Banks

About: Associated Banc-Corp is a bank holding company. The company through its subsidiaries provides a broad array of banking and nonbanking products and services to individuals and businesses. The company operates in three reportable segments; Corporate and Commercial Specialty; Community, Consumer, and Business; and Risk Management and Shared Services. The majority of its revenue is derived from the Corporate and Commercial Specialty and Community, Consumer, and Business segments.

Employees: 4,100

Fund manager confidence

Based on 2024 Q4 regulatory filings by fund managers ($100M+ AUM)

94% more call options, than puts

Call options by funds: $3.51M | Put options by funds: $1.81M

59% more repeat investments, than reductions

Existing positions increased: 124 | Existing positions reduced: 78

47% more first-time investments, than exits

New positions opened: 50 | Existing positions closed: 34

24% more capital invested

Capital invested by funds: $2.76B [Q3] → $3.43B (+$671M) [Q4]

10.25% more ownership

Funds ownership: 84.79% [Q3] → 95.05% (+10.25%) [Q4]

4% more funds holding

Funds holding: 290 [Q3] → 302 (+12) [Q4]

Research analyst outlook

7 Wall Street Analysts provided 1 year price targets over the past 3 months

• Low target: $26 22% upside
• Avg. target: $28 30% upside
• High target: $30 40% upside

7 analyst ratings

• positive: 1 14%
• neutral: 6 86%
• negative: 0 0%

Raymond James Daniel Tamayo 13% 1-year accuracy 2 / 15 met price target	31% upside $28	Outperform Maintained	10 Mar 2025
Wells Fargo Timur Braziler 38% 1-year accuracy 12 / 32 met price target	26% upside $27	Equal-Weight Maintained	27 Jan 2025
RBC Capital Karl Shepard 0% 1-year accuracy 0 / 5 met price target	26% upside $27	Sector Perform Maintained	24 Jan 2025
Stephens & Co. Terry McEvoy 34% 1-year accuracy 10 / 29 met price target	31% upside $28	Equal-Weight Reiterated	24 Jan 2025
Keefe, Bruyette & Woods Christopher Mcgratty 44% 1-year accuracy 8 / 18 met price target	40% upside $30	Market Perform Maintained	24 Jan 2025