Sandy Spring Bancorp, Inc. (NASDAQ:SASR) Given Average Rating of “Hold” by Brokerages

Sandy Spring Bancorp, Inc. (NASDAQ:SASR) has been assigned an average recommendation of “Hold” from the five ratings firms that are currently covering the company, Marketbeat Ratings reports. Five analysts have rated the stock with a hold rating. The average twelve-month target price among brokerages that have covered the stock in the last year is $27.00.

Several equities analysts recently weighed in on the company. Keefe, Bruyette & Woods lifted their target price on Sandy Spring Bancorp from $25.00 to $30.00 and gave the company a “market perform” rating in a research report on Thursday, July 25th. StockNews.com cut Sandy Spring Bancorp from a “hold” rating to a “sell” rating in a report on Tuesday, August 27th. Finally, DA Davidson upped their target price on shares of Sandy Spring Bancorp from $23.00 to $33.00 and gave the company a “neutral” rating in a research report on Thursday, July 25th.

Sandy Spring Bancorp Trading Up 2.3 %

NASDAQ:SASR opened at $31.90 on Tuesday. The company has a 50-day moving average price of $30.62 and a 200-day moving average price of $26.16. The company has a current ratio of 1.03, a quick ratio of 1.02 and a debt-to-equity ratio of 0.54. The stock has a market cap of $1.44 billion, a price-to-earnings ratio of 15.64 and a beta of 0.95. Sandy Spring Bancorp has a 12 month low of $19.27 and a 12 month high of $34.19.

Sandy Spring Bancorp (NASDAQ:SASR) last released its quarterly earnings data on Tuesday, July 23rd. The bank reported $0.51 earnings per share for the quarter, beating analysts’ consensus estimates of $0.43 by $0.08. Sandy Spring Bancorp had a net margin of 12.31% and a return on equity of 6.41%. The business had revenue of $184.70 million during the quarter, compared to analyst estimates of $99.60 million. During the same period last year, the business earned $0.60 EPS. Equities analysts predict that Sandy Spring Bancorp will post 1.93 EPS for the current year.

Sandy Spring Bancorp Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, August 21st. Investors of record on Wednesday, August 14th were issued a $0.34 dividend. The ex-dividend date was Wednesday, August 14th. This represents a $1.36 annualized dividend and a yield of 4.26%. Sandy Spring Bancorp’s dividend payout ratio (DPR) is 66.67%.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of SASR. Scarborough Advisors LLC purchased a new position in shares of Sandy Spring Bancorp in the 4th quarter valued at about $77,000. EntryPoint Capital LLC purchased a new position in Sandy Spring Bancorp in the first quarter valued at approximately $98,000. Hantz Financial Services Inc. acquired a new position in shares of Sandy Spring Bancorp during the 2nd quarter valued at $105,000. Meeder Asset Management Inc. acquired a new position in shares of Sandy Spring Bancorp during the second quarter worth about $117,000. Finally, SG Americas Securities LLC acquired a new stake in Sandy Spring Bancorp in the first quarter valued at approximately $122,000. 66.90% of the stock is owned by hedge funds and other institutional investors.

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.