Sandy Spring Bancorp (SASR) to Release Quarterly Earnings on Tuesday

Sandy Spring Bancorp (NASDAQ:SASR) is projected to release its earnings data before the market opens on Tuesday, April 22nd. Analysts expect Sandy Spring Bancorp to post earnings of $0.52 per share and revenue of $108.02 million for the quarter.

Sandy Spring Bancorp (NASDAQ:SASR) last announced its quarterly earnings results on Tuesday, January 28th. The bank reported $0.47 EPS for the quarter, missing analysts’ consensus estimates of $0.48 by ($0.01). Sandy Spring Bancorp had a net margin of 2.65% and a return on equity of 5.31%. On average, analysts expect Sandy Spring Bancorp to post $2 EPS for the current fiscal year and $3 EPS for the next fiscal year.

Sandy Spring Bancorp Stock Up 1.0 %

Sandy Spring Bancorp stock opened at $27.87 on Friday. Sandy Spring Bancorp has a 1-year low of $20.42 and a 1-year high of $39.55. The firm has a 50 day simple moving average of $29.71 and a 200 day simple moving average of $32.86. The company has a current ratio of 1.02, a quick ratio of 1.02 and a debt-to-equity ratio of 0.50. The firm has a market capitalization of $1.26 billion, a price-to-earnings ratio of 61.93 and a beta of 0.96.

Sandy Spring Bancorp Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, February 19th. Investors of record on Wednesday, February 12th were issued a dividend of $0.34 per share. The ex-dividend date was Wednesday, February 12th. This represents a $1.36 dividend on an annualized basis and a yield of 4.88%. Sandy Spring Bancorp’s dividend payout ratio (DPR) is 302.22%.

Wall Street Analyst Weigh In

Separately, StockNews.com assumed coverage on shares of Sandy Spring Bancorp in a report on Thursday. They issued a “sell” rating on the stock.

About Sandy Spring Bancorp

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.