Sandy Spring Bancorp (NASDAQ:SASR) Coverage Initiated by Analysts at StockNews.com

StockNews.com initiated coverage on shares of Sandy Spring Bancorp (NASDAQ:SASRFree Report) in a research report sent to investors on Sunday. The firm issued a sell rating on the bank’s stock.

Sandy Spring Bancorp Stock Performance

Shares of SASR stock opened at $34.24 on Friday. The firm has a market capitalization of $1.55 billion, a PE ratio of 18.02 and a beta of 0.98. The firm has a fifty day simple moving average of $35.38 and a two-hundred day simple moving average of $32.58. The company has a current ratio of 1.02, a quick ratio of 1.02 and a debt-to-equity ratio of 0.50. Sandy Spring Bancorp has a 12 month low of $19.52 and a 12 month high of $39.55.

Sandy Spring Bancorp (NASDAQ:SASRGet Free Report) last announced its quarterly earnings results on Monday, October 21st. The bank reported $0.40 EPS for the quarter, missing analysts’ consensus estimates of $0.46 by ($0.06). The business had revenue of $189.81 million for the quarter, compared to the consensus estimate of $101.60 million. Sandy Spring Bancorp had a net margin of 11.54% and a return on equity of 5.71%. During the same quarter last year, the firm posted $0.62 EPS. Analysts forecast that Sandy Spring Bancorp will post 1.85 EPS for the current fiscal year.

Sandy Spring Bancorp Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, November 21st. Shareholders of record on Thursday, November 14th were paid a dividend of $0.34 per share. The ex-dividend date of this dividend was Thursday, November 14th. This represents a $1.36 dividend on an annualized basis and a yield of 3.97%. Sandy Spring Bancorp’s dividend payout ratio (DPR) is presently 71.58%.

Institutional Trading of Sandy Spring Bancorp

Several institutional investors have recently made changes to their positions in the company. SG Americas Securities LLC grew its stake in shares of Sandy Spring Bancorp by 140.6% in the 4th quarter. SG Americas Securities LLC now owns 13,004 shares of the bank’s stock worth $438,000 after acquiring an additional 7,600 shares in the last quarter. JPMorgan Chase & Co. grew its stake in shares of Sandy Spring Bancorp by 96.9% in the 3rd quarter. JPMorgan Chase & Co. now owns 70,599 shares of the bank’s stock worth $2,215,000 after acquiring an additional 34,735 shares in the last quarter. Franklin Resources Inc. grew its stake in shares of Sandy Spring Bancorp by 93.9% in the 3rd quarter. Franklin Resources Inc. now owns 1,271,498 shares of the bank’s stock worth $41,235,000 after acquiring an additional 615,591 shares in the last quarter. Geode Capital Management LLC grew its stake in shares of Sandy Spring Bancorp by 3.4% in the 3rd quarter. Geode Capital Management LLC now owns 1,072,619 shares of the bank’s stock worth $33,654,000 after acquiring an additional 35,271 shares in the last quarter. Finally, Barclays PLC grew its stake in shares of Sandy Spring Bancorp by 36.8% in the 3rd quarter. Barclays PLC now owns 119,799 shares of the bank’s stock worth $3,759,000 after acquiring an additional 32,223 shares in the last quarter. Institutional investors own 66.90% of the company’s stock.

Sandy Spring Bancorp Company Profile

(Get Free Report)

Sandy Spring Bancorp, Inc operates as the bank holding company for Sandy Spring Bank that provides commercial and retail banking, mortgage, private banking, and trust services to individuals and businesses in the United States. It offers financial products and services, including various loan and deposit products.

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