Associated Banc-Corp (ASB) Stock Analysis
Breakout setup
Financial Services · Banks - Regional
Hold if already holding. Not a fresh buy at $28.26, but acceptable to hold if already in. Reasons: Concentration risk — Tenant: commercial and CRE loans (65.0%); Analyst target reached - limited upside remaining.
Associated Banc-Corp is the largest bank holding company headquartered in Wisconsin, with 184 banking branches across Wisconsin, Illinois, Minnesota, and Missouri. It operates through Corporate and Commercial Specialty, Community/Consumer/Business, and Risk Management segments.... Read more
Hold if already holding. Not a fresh buy at $28.26, but acceptable to hold if already in. Reasons: Concentration risk — Tenant: commercial and CRE loans (65.0%); Analyst target reached - limited upside remaining. Chart setup: Golden cross, above all MAs, RSI 59, MACD bullish. Downgraded from BUY WAIT — price $28.25 has reached target $28.11. No upside to wait for. Score 6.1/10, moderate confidence.
Passes 5/6 gates (positive momentum, clean insider activity, no SEC red flags, earnings proximity 84d clear, semi cycle peak clear). Fails on favorable risk/reward ratio. Suitability: moderate.
Thesis
Key Metrics
Quality Signals
Options Flow
Concentration Risks(10-K Item 1A)
- HIGHTenantcommercial and CRE loans65%10-K Item 1A: '65% of our loan portfolio consisted of commercial and industrial, real estate construction, and CRE loans'
- MEDIUMTenantCRE loans27%10-K Item 1A: 'CRE loans, including owner occupied, investor, and real estate construction loans, totaled $8.4 billion, or 27%, of our total loan portfolio and 183% of total risk-based capital.'
Material Events(8-K, last 90d)
- 2026-04-01Item 5.02LOWFollowing completion of American National Corporation acquisition, Associated expanded board from 13 to 14 directors by appointing one director from American National. Routine board expansion in connection with acquisition.SEC filing →
Model-generated analysis — not investment advice. Not a registered investment advisor. Past performance does not guarantee future results. Full disclaimer
Rating Breakdown
10 dimensions · all in-band
Price Targets
Position Sizing
Risk Alerts
Earnings
Verdict History
Frequently Asked Questions
Hold if already holding. Not a fresh buy at $28.26, but acceptable to hold if already in. Reasons: Concentration risk — Tenant: commercial and CRE loans (65.0%); Analyst target reached - limited upside remaining. Chart setup: Golden cross, above all MAs, RSI 59, MACD bullish. Downgraded from BUY WAIT — price $28.25 has reached target $28.11. No upside to wait for. Target $28.11 (-0.5%), stop $24.69 (−14.5%), A.R:R -0.5:1. Score 6.1/10, moderate confidence.
Take-profit target: $28.11 (+8.9% upside). Target $28.11 (-0.5%), stop $24.69 (−14.5%), A.R:R -0.5:1. Stop-loss: $24.69.
Concentration risk — Tenant: commercial and CRE loans (65.0%); Analyst target reached - limited upside remaining; Near 52-week high (4.3% away).
Associated Banc-Corp trades at a P/E of 9.7 (forward 8.6). TrendMatrix value score: 8.1/10. Verdict: Hold.
14 analysts cover ASB with a consensus score of 3.6/5. Average price target: $31.
What does Associated Banc-Corp do?Associated Banc-Corp is the largest bank holding company headquartered in Wisconsin, with 184 banking branches across...
Associated Banc-Corp is the largest bank holding company headquartered in Wisconsin, with 184 banking branches across Wisconsin, Illinois, Minnesota, and Missouri. It operates through Corporate and Commercial Specialty, Community/Consumer/Business, and Risk Management segments. In April 2026, it completed the acquisition of American National Corporation.