Sandy Spring Bancorp, Inc. (SASR) to Issue Quarterly Dividend of $0.34 on February 19th

Sandy Spring Bancorp, Inc. (NASDAQ:SASR) declared a quarterly dividend on Wednesday, January 29th,RTT News reports. Shareholders of record on Wednesday, February 12th will be given a dividend of 0.34 per share by the bank on Wednesday, February 19th. This represents a $1.36 dividend on an annualized basis and a dividend yield of 4.02%. The ex-dividend date of this dividend is Wednesday, February 12th.

Sandy Spring Bancorp has increased its dividend payment by an average of 2.0% per year over the last three years. Sandy Spring Bancorp has a payout ratio of 41.8% meaning its dividend is sufficiently covered by earnings.

Sandy Spring Bancorp Stock Up 0.7 %

Sandy Spring Bancorp stock traded up $0.22 on Friday, hitting $33.83. 256,196 shares of the stock traded hands, compared to its average volume of 251,580. The business’s fifty day simple moving average is $34.81 and its 200 day simple moving average is $32.87. The firm has a market cap of $1.53 billion, a P/E ratio of 75.18 and a beta of 0.98. 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 1 year low of $19.52 and a 1 year high of $39.55.

Sandy Spring Bancorp (NASDAQ:SASR) last posted its quarterly earnings data on Tuesday, January 28th. The bank reported $0.47 EPS for the quarter, missing the consensus estimate of $0.48 by ($0.01). Sandy Spring Bancorp had a return on equity of 5.31% and a net margin of 2.65%. As a group, sell-side analysts forecast that Sandy Spring Bancorp will post 2.51 earnings per share for the current year.

Wall Street Analyst Weigh In

Separately, StockNews.com initiated coverage on Sandy Spring Bancorp in a research note on Monday. They issued a “sell” rating on the stock. One equities research analyst has rated the stock with a sell rating and four have assigned a hold rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $28.25.

Sandy Spring Bancorp Company Profile

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.