Barclays PLC Grows Position in Sandy Spring Bancorp, Inc. (NASDAQ:SASR)

Barclays PLC raised its holdings in shares of Sandy Spring Bancorp, Inc. (NASDAQ:SASR) by 36.8% during the third quarter, according to its most recent filing with the SEC. The firm owned 119,799 shares of the bank’s stock after purchasing an additional 32,223 shares during the period. Barclays PLC owned 0.27% of Sandy Spring Bancorp worth $3,759,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. Carmichael Hill & Associates Inc. increased its holdings in Sandy Spring Bancorp by 3.6% during the second quarter. Carmichael Hill & Associates Inc. now owns 11,785 shares of the bank’s stock valued at $287,000 after buying an additional 412 shares during the period. First National Trust Co increased its holdings in shares of Sandy Spring Bancorp by 5.2% in the 3rd quarter. First National Trust Co now owns 10,050 shares of the bank’s stock valued at $315,000 after acquiring an additional 500 shares during the period. Wealth Enhancement Advisory Services LLC increased its holdings in shares of Sandy Spring Bancorp by 2.4% in the 3rd quarter. Wealth Enhancement Advisory Services LLC now owns 26,065 shares of the bank’s stock valued at $818,000 after acquiring an additional 609 shares during the period. Cerity Partners LLC lifted its stake in shares of Sandy Spring Bancorp by 3.3% during the 3rd quarter. Cerity Partners LLC now owns 26,209 shares of the bank’s stock worth $822,000 after purchasing an additional 832 shares during the last quarter. Finally, Capital Performance Advisors LLP bought a new stake in Sandy Spring Bancorp during the third quarter valued at about $29,000. Institutional investors own 66.90% of the company’s stock.

Sandy Spring Bancorp Price Performance

Shares of NASDAQ SASR opened at $34.00 on Monday. Sandy Spring Bancorp, Inc. has a fifty-two week low of $19.52 and a fifty-two week high of $39.55. The company has a market cap of $1.54 billion, a PE ratio of 17.89 and a beta of 0.96. The company has a debt-to-equity ratio of 0.50, a quick ratio of 1.02 and a current ratio of 1.02. The business has a 50-day simple moving average of $35.73 and a two-hundred day simple moving average of $30.93.

Sandy Spring Bancorp (NASDAQ:SASR) last released its 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 company had revenue of $189.81 million during the quarter, compared to analyst estimates of $101.60 million. Sandy Spring Bancorp had a return on equity of 5.71% and a net margin of 11.54%. During the same quarter last year, the business earned $0.62 earnings per share. As a group, equities analysts expect that Sandy Spring Bancorp, Inc. will post 1.85 EPS for the current fiscal year.

Sandy Spring Bancorp Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, November 21st. Investors of record on Thursday, November 14th were paid a $0.34 dividend. 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 4.00%. Sandy Spring Bancorp’s dividend payout ratio (DPR) is 71.58%.

Analyst Ratings Changes

Separately, StockNews.com initiated coverage on shares of Sandy Spring Bancorp in a report on Wednesday, December 18th. They issued a “sell” rating for the company. One equities research analyst has rated the stock with a sell rating and four have issued a hold rating to the stock. According to MarketBeat.com, the company currently has a consensus 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.