Hsbc Holdings PLC Has $2.45 Million Stock Position in Associated Banc-Corp $ASB

Hsbc Holdings PLC boosted its holdings in shares of Associated Banc-Corp (NYSE:ASB) by 153.9% during the 1st quarter, HoldingsChannel.com reports. The institutional investor owned 95,408 shares of the bank’s stock after acquiring an additional 57,832 shares during the period. Hsbc Holdings PLC’s holdings in Associated Banc were worth $2,453,000 as of its most recent SEC filing.

Other hedge funds have also recently made changes to their positions in the company. California State Teachers Retirement System raised its position in Associated Banc by 0.3% in the 2nd quarter. California State Teachers Retirement System now owns 154,933 shares of the bank’s stock valued at $3,779,000 after buying an additional 394 shares during the last quarter. LPL Financial LLC grew its stake in shares of Associated Banc by 2.3% in the 4th quarter. LPL Financial LLC now owns 19,079 shares of the bank’s stock worth $491,000 after acquiring an additional 426 shares in the last quarter. Tidal Investments LLC raised its holdings in shares of Associated Banc by 2.0% in the second quarter. Tidal Investments LLC now owns 27,354 shares of the bank’s stock valued at $667,000 after purchasing an additional 549 shares during the last quarter. Quadrant Capital Group LLC raised its holdings in shares of Associated Banc by 1.8% in the fourth quarter. Quadrant Capital Group LLC now owns 34,801 shares of the bank’s stock valued at $896,000 after purchasing an additional 619 shares during the last quarter. Finally, Harmony Asset Management LLC lifted its position in shares of Associated Banc by 7.5% during the fourth quarter. Harmony Asset Management LLC now owns 10,750 shares of the bank’s stock valued at $277,000 after purchasing an additional 750 shares in the last quarter. 82.98% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

ASB has been the subject of a number of research analyst reports. Wells Fargo & Company increased their price target on Associated Banc from $30.00 to $31.00 and gave the company an “overweight” rating in a research report on Monday, March 30th. Barclays upped their price objective on Associated Banc from $33.00 to $34.00 and gave the company an “overweight” rating in a research note on Tuesday, July 7th. Wall Street Zen lowered Associated Banc from a “buy” rating to a “hold” rating in a research report on Saturday, May 2nd. Robert W. Baird lifted their price objective on Associated Banc from $29.00 to $30.00 and gave the stock a “neutral” rating in a report on Friday, April 24th. Finally, Truist Financial upped their price objective on shares of Associated Banc from $30.00 to $32.00 and gave the company a “hold” rating in a report on Friday, July 10th. Six investment analysts have rated the stock with a Buy rating and six have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, Associated Banc currently has an average rating of “Moderate Buy” and a consensus target price of $31.00.

Associated Banc Price Performance

ASB stock opened at $30.78 on Friday. The firm has a 50-day moving average of $29.45 and a 200 day moving average of $27.82. The company has a debt-to-equity ratio of 0.84, a current ratio of 0.90 and a quick ratio of 0.90. The company has a market cap of $5.81 billion, a P/E ratio of 10.76, a PEG ratio of 1.14 and a beta of 0.76. Associated Banc-Corp has a 1 year low of $23.63 and a 1 year high of $31.83.

Associated Banc (NYSE:ASB) last announced its earnings results on Thursday, July 23rd. The bank reported $0.73 EPS for the quarter, beating analysts’ consensus estimates of $0.72 by $0.01. Associated Banc had a net margin of 19.66% and a return on equity of 11.03%. The firm had revenue of $450.44 million for the quarter, compared to analysts’ expectations of $438.01 million. During the same quarter in the previous year, the business posted $0.65 EPS. On average, sell-side analysts forecast that Associated Banc-Corp will post 2.91 EPS for the current year.

Associated Banc Announces Dividend

The firm also recently declared 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 was Monday, June 1st. This represents a $0.96 annualized dividend and a dividend yield of 3.1%. Associated Banc’s payout ratio is currently 33.33%.

Trending Headlines about Associated Banc

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

• Positive Sentiment: ASB reported adjusted Q2 EPS of $0.73, slightly ahead of the $0.72 consensus, while revenue of $450.4 million also beat estimates. The beat suggests the bank is executing well operationally. Associated Banc-Corp (ASB) Surpasses Q2 Earnings and Revenue Estimates
• Positive Sentiment: Net interest income, fee income, loans, and deposits all improved year over year, signaling healthier underlying business momentum and better revenue generation. Associated Banc-Corp Q2 Earnings Beat as NII, Fee Income Improve Y/Y
• Positive Sentiment: Management said it targets 18%–20% loan growth in 2026 and plans to resume share repurchases in the second half, both of which are supportive of future earnings per share and shareholder returns.
• Neutral Sentiment: Several follow-up articles and the earnings call transcript highlighted strong loan growth and strategic initiatives, but these were largely reiterations of the earnings release rather than new market-moving developments.
• Neutral Sentiment: The stock had already moved higher into the earnings release and is now trading near its 52-week high, which may limit upside if investors begin to focus on execution versus valuation.

Insider Activity at Associated Banc

In other news, EVP John A. Utz sold 5,000 shares of the company’s stock in a transaction on Wednesday, June 10th. The stock was sold at an average price of $28.82, for a total value of $144,100.00. Following the completion of the sale, the executive vice president directly owned 118,156 shares in the company, valued at $3,405,255.92. This represents a 4.06% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, EVP Dennis Deloye sold 14,299 shares of the firm’s stock in a transaction on Tuesday, May 26th. The stock was sold at an average price of $28.26, for a total value of $404,089.74. Following the completion of the transaction, the executive vice president directly owned 21,385 shares in the company, valued at approximately $604,340.10. This represents a 40.07% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last three months, insiders have sold 28,299 shares of company stock valued at $801,760. Insiders own 0.71% of the company’s stock.

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.