Sandy Spring Bancorp (NASDAQ:SASR – Get Free Report) is set to announce its earnings results before the market opens on Monday, October 21st. Analysts expect Sandy Spring Bancorp to post earnings of $0.47 per share for the quarter. Investors that are interested in registering for the company’s conference call can do so using this link.
Sandy Spring Bancorp (NASDAQ:SASR – Get Free Report) last issued its earnings results on Tuesday, July 23rd. The bank reported $0.51 EPS for the quarter, beating analysts’ consensus estimates of $0.43 by $0.08. The company had revenue of $184.70 million during the quarter, compared to the consensus estimate of $99.60 million. Sandy Spring Bancorp had a return on equity of 6.41% and a net margin of 12.31%. During the same period in the previous year, the firm posted $0.60 earnings per share. 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 Down 1.5 %
Shares of Sandy Spring Bancorp stock opened at $32.61 on Friday. The stock has a market capitalization of $1.47 billion, a price-to-earnings ratio of 16.31 and a beta of 0.95. Sandy Spring Bancorp has a twelve month low of $19.27 and a twelve month high of $34.19. 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 business’s 50 day simple moving average is $31.13 and its 200-day simple moving average is $26.48.
Sandy Spring Bancorp Announces Dividend
Wall Street Analysts Forecast Growth
SASR has been the subject of several analyst reports. StockNews.com downgraded shares of Sandy Spring Bancorp from a “hold” rating to a “sell” rating in a report on Tuesday, August 27th. Keefe, Bruyette & Woods upped their target price on shares of Sandy Spring Bancorp from $25.00 to $30.00 and gave the stock a “market perform” rating in a research report on Thursday, July 25th. Finally, DA Davidson boosted their price objective on Sandy Spring Bancorp from $23.00 to $33.00 and gave the stock a “neutral” rating in a research report on Thursday, July 25th. One equities research analyst has rated the stock with a sell rating and five have given a hold rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $27.00.
Check Out Our Latest Report on Sandy Spring Bancorp
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.
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