Sandy Spring Bancorp (SASR) Expected to Announce Quarterly Earnings on Tuesday

Sandy Spring Bancorp (NASDAQ:SASR) is expected to announce its earnings results before the market opens on Tuesday, January 28th. Analysts expect the company to announce earnings of $0.48 per share and revenue of $104,143.50 billion for the quarter.

Sandy Spring Bancorp Trading Down 0.3 %

Shares of NASDAQ:SASR opened at $32.75 on Friday. 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 stock’s 50-day moving average is $35.09 and its 200-day moving average is $32.71. The company has a market cap of $1.48 billion, a P/E ratio of 17.24 and a beta of 0.98. Sandy Spring Bancorp has a 52-week low of $19.52 and a 52-week high of $39.55.

Sandy Spring Bancorp Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, November 21st. Shareholders of record on Thursday, November 14th were issued a $0.34 dividend. This represents a $1.36 dividend on an annualized basis and a yield of 4.15%. The ex-dividend date of this dividend was Thursday, November 14th. Sandy Spring Bancorp’s dividend payout ratio (DPR) is currently 71.58%.

Wall Street Analysts Forecast Growth

Separately, StockNews.com began coverage on Sandy Spring Bancorp in a report on Sunday, January 19th. They set a “sell” rating for the company. One investment analyst has rated the stock with a sell rating and four have assigned a hold rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $28.25.

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.