Associated Banc-Corp (ASB) Insider Sullivan Buys $1.1K of Stock

Owen Sullivan's Recent Purchase

Owen Sullivan bought 38 shares of Associated Banc-Corp (NYSE: ASB) for about $1,110.36 on June 15, 2026. The purchase price was $29.22 per share, slightly below the stock's closing price of $29.66 the previous day. The stock was trading at $29.34 when this news was published on Wednesday.

Insider Buying and Selling at Associated Banc-Corp

Sullivan's purchase is part of a broader trend of insider buying at Associated Banc-Corp. On the same day, several other executives made purchases. For example, Andrew Harmening, the President & CEO, bought 2,554 shares at an average price of $29.41, totaling about $75,113.14. Other notable purchases included 82 shares by Steven Zandpour, the EVP, valued at approximately $2,418.18, and 34 shares by Julio Manso, EVP & CHRO, worth about $1,002.18. This wave of insider buying suggests a strong belief in the company's future prospects.

Stock Performance Insights

The stock is currently trading near its 52-week range, with a low of $23.86 and a high of $32.46. The recent insider activity comes as the stock trades below its 50-day moving average of $30.88. With a P/E ratio of about 10.27, the stock is considered reasonably valued compared to its earnings. The recent purchases may indicate that insiders believe the shares are undervalued at current levels.

Analysts Set New Price Targets

Analysts have a generally favorable view of Associated Banc-Corp. On October 5, 2026, Barclays maintained an Overweight rating with a target price of $35.00. Similarly, Wells Fargo has kept its Overweight rating with a target of $35.00, although it was previously at $36.00. This consensus among analysts reflects optimism regarding the company's performance and future earnings potential.

What Associated Banc-Corp Does

Associated Banc-Corp is a bank holding company based in Green Bay, Wisconsin. It provides a wide range of banking and financial services to individuals and businesses across several states. The company has a significant presence in commercial and consumer banking, offering various lending and deposit solutions.

What's Ahead for Associated Banc-Corp

Investors will be watching for the next earnings report, scheduled for October 22, 2026. As insider transactions reflect confidence in the company's future, further activity from insiders could provide additional insights into their outlook. The recent insider buying trend, combined with the upcoming earnings announcement, will be important factors to monitor in the coming months.