ASB — Associated Banc-Corp

✨ Hidden Gem

Stock analysis, trade plans, and proprietary indicators by Trend Edge.

Trend Edge Setup Score

Trend Edge rates ASB Bullish with a Setup Score of 46, net conviction 34, actionability 62. How the Setup Score works →

Total Setup Score46
Directional BiasBullish
Net Conviction34
Actionability62 (in range)

Key signals behind this score

About Associated Banc-Corp

Associated Banc-Corp, a bank holding company, provides various banking and nonbanking products and services to individuals and businesses in Wisconsin, Illinois, Missouri, Texas, and Minnesota. It offers lending solutions, including commercial loans and lines of credit, commercial real estate financing, construction loans, letters of credit, leasing, asset-based lending and equipment finance, loan syndications products, residential mortgages, hom… Read full Trend Edge analysis →

Trend Edge Proprietary Indicators

Key Metrics

Current Price$30.82
Market Cap$5.81B
Float160.9M
Shares Outstanding188.8M
P/E (Forward)10.55
P/E (TTM)10.76
Price/Sales (TTM)3.73
vs. Analyst Target+11.8% to analyst PT
Profit Margin32.46%
Operating Margin (TTM)41.34%
Revenue (TTM)$1.56B
Earnings Growth (YoY)-3.10%
Dividend Rate1.0%
Analyst Target Price$34.44 (10 analysts)

Financial History

Annual Revenue & Earnings History

YearRevenueNet IncomeGross ProfitEBITDA
2020 $1.41B $307M $1.08B $435M
2021 $1.12B $351M $1.14B $507M
2022 $1.42B $366M $1.20B $529M
2023 $1.96B $183M $1.96B $206M
2024 $2.10B $123M $944M $237M
2025 $2.46B $475M $1.43B $680M

Recent Quarterly Revenue & Net Income

QuarterRevenueNet Income
Sep 2025 $636M $125M
Dec 2025 $624M $137M
Mar 2026 $604M $120M
Jun 2026 $704M $124M

Ownership & Float

Insider Ownership12.5%
Institutional Ownership81.9%
Short Float3.1%
% of All Funds Holding4.47%
Number of Funds Holding393

Current Moving Averages

Trend Edge tracks near-term, medium-term, cyclical, and secular moving averages across weekly and monthly timeframes to identify trend structure at every horizon.

TimeframeSMAValueTrend Context
Weekly10-Week SMA$31.09Near-term / short-term trend
Weekly40-Week SMA$28.05Medium-term trend
Weekly80-Week SMA$26.11Cyclical trend (business cycle)
Weekly200-Week SMA$22.94Secular trend (multi-year)
Monthly10-Month SMA$28.00Near-term monthly trend
Monthly20-Month SMA$26.22Medium-term monthly trend
Monthly40-Month SMA$23.32Secular monthly trend

Volume Shelves — Support & Resistance

Trend Edge identifies volume shelves: price zones where historically elevated trading volume creates structural support or resistance. A volume shelf forms when a disproportionate share of cumulative volume was transacted at a specific price level, making it a high-conviction anchor for future price reactions.

Price LevelTypeVolume RatioAge
$27.30 support 1.15x 1 months ago
$25.70 support 1.10x 3 months ago
$25.80 support 1.42x 6 months ago
$21.50 support 1.09x 21 months ago
$21.20 support 1.12x 24 months ago

Historical Earnings Reactions (124 events)

TimeframeAvg ReturnMedianWin RateBestWorst
Gap 0.10% 0.09% 52.42% 8.76% -10.13%
1 Day -0.01% -0.01% 49.19% 7.94% -12.04%
1 Week 0.77% 0.92% 56.45% 20.97% -18.35%
2 Weeks 1.58% 2.01% 59.68% 19.62% -18.88%
1 Month 1.53% 2.18% 65.57% 27.12% -24.67%

Next earnings: October 22, 2026 (56 days away)

Seasonality & Day-of-Week Patterns

Monthly Seasonality

MonthAvg ReturnWin RateSamples
Jan0.6%52.2%46
Feb0.5%54.3%46
Mar-0.2%52.2%46
Apr1.4%57.4%47
May1.5%59.6%47
Jun0.4%57.4%47
Jul0.7%48.9%47
Aug-0.7%41.3%46
Sep-0.1%41.3%46
Oct2.4%56.5%46
Nov2.5%56.5%46
Dec2.1%54.3%46

Day-of-Week Tendencies

DayAvg ReturnWin RateSamples
Monday -0.02% 41.6% 2213
Tuesday 0.05% 42.3% 2401
Wednesday 0.07% 41.7% 2399
Thursday 0.08% 41.6% 2353
Friday 0.10% 42.3% 2337

Top Institutional Holders

Institutional holder breakdown coming soon.

Total institutional ownership: 81.9%

Insider Transactions — Smart Summary

Total insider ownership: 12.5%

12-Month Insider Activity Summary

Total Filings21
Net Value-$6.0M
Net Shares Change-198,406
% of Float-0.1%
C-Suite Filings17
Clusters Detected2

Key Insiders

NameTitleNet ValueFilingsActivity
Erickson Randall J. Executive Vice President -$3.5M 3 3 sell
Utz John A. Executive Vice President -$938,259.125 2 2 sell
Meyer Derek S. EVP, Chief Financial Officer -$307,400 1 1 sell
Kitowski Nicole M Executive Vice President -$236,870.993 1 1 sell
Warsek Gregory EVP -$183,262.4 1 1 sell
Braeger Matthew R Executive Vice President -$140,860 1 1 sell
DeLoye Dennis Executive Vice President -$38,816.065 1 1 sell

Transaction Clusters

PeriodFilingsInsidersNet ValueSeniority
2025-09-02 – 2025-09-12 4 4 -$518,059.733 3 C-suite
2026-07-29 – 2026-08-05 4 4 -$3.5M 4 C-suite

Significant Filings

DateInsiderTitleNet ValuePrice After
2026-08-03 Erickson Randall J. Executive Vice President -$2.1M Transaction at $27.98, now +10.2%
2026-08-13 Warsek Gregory EVP -$183,262.4 Transaction at $29.00, now +6.3%
2026-08-05 Utz John A. Executive Vice President -$794,134.125 Transaction at $28.46, now +8.3%
2026-07-30 Meyer Derek S. EVP, Chief Financial Officer -$307,400 Transaction at $30.74, now +0.3%
2026-07-29 Kitowski Nicole M Executive Vice President -$236,870.993 Transaction at $30.91, now -0.3%
2026-06-10 Braeger Matthew R Executive Vice President -$140,860 Transaction at $28.17, now +9.4%

View full insider transaction history on Trend Edge →

AI Consult Analysis

Trend Edge's AI Consult feature delivers a comprehensive, multi-layer trade plan for Associated Banc-Corp (ASB) powered by Claude Opus — Anthropic's most capable AI model. The analysis covers five layers: technical analysis (near-term, medium-term, cyclical, and secular trend, momentum, volume shelf support and resistance, breakout and breakdown signals), qualitative analysis (business model, competitive moat, sector dynamics), insider sentiment (buy and sell signals from executive and director transactions), share stats analysis (institutional accumulation, fund positioning, short float squeeze potential), and fundamental analysis (valuation, revenue growth, profit margin, earnings quality).

AI Consult synthesizes all five layers into a single bullish or bearish thesis with explicit entry, exit, stop loss, and take profit levels — giving you a complete, AI-powered trade plan with defined risk/reward. Whether you are building a long position, initiating a short, or looking for a reversal setup, AI Consult identifies the highest-probability signal from the current trend.

Get the full AI Consult analysis for ASB on Trend Edge →