Equities research analysts at StockNews.com began coverage on shares of Sandy Spring Bancorp (NASDAQ:SASR – Get Free Report) in a note issued to investors on Sunday. The firm set a “sell” rating on the bank’s stock.
Sandy Spring Bancorp Stock Performance
SASR stock opened at $33.87 on Friday. The stock’s 50 day simple moving average is $35.54 and its 200 day simple moving average is $32.38. 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 12-month low of $19.52 and a 12-month high of $39.55. The stock has a market capitalization of $1.53 billion, a PE ratio of 17.83 and a beta of 0.98.
Sandy Spring Bancorp (NASDAQ:SASR – Get Free Report) last posted its quarterly earnings results on Monday, October 21st. The bank reported $0.40 earnings per share for the quarter, missing the consensus estimate of $0.46 by ($0.06). Sandy Spring Bancorp had a return on equity of 5.71% and a net margin of 11.54%. The business had revenue of $189.81 million during the quarter, compared to analysts’ expectations of $101.60 million. During the same quarter in the prior year, the firm earned $0.62 EPS. As a group, research analysts forecast that Sandy Spring Bancorp will post 1.85 earnings per share for the current fiscal year.
Hedge Funds Weigh In 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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