Sandy Spring Bancorp (NASDAQ:SASR) Now Covered by StockNews.com

Stock analysts at StockNews.com assumed coverage on shares of Sandy Spring Bancorp (NASDAQ:SASR) in a note issued to investors on Friday. The brokerage set a “sell” rating on the bank’s stock.

Sandy Spring Bancorp Stock Performance

SASR stock opened at $31.65 on Friday. The stock has a market capitalization of $1.43 billion, a PE ratio of 70.33 and a beta of 0.97. 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’s 50 day simple moving average is $33.36 and its 200 day simple moving average is $33.42.

Sandy Spring Bancorp (NASDAQ:SASR) last issued its earnings results on Tuesday, January 28th. The bank reported $0.47 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.48 by ($0.01). Sandy Spring Bancorp had a return on equity of 5.31% and a net margin of 2.65%. As a group, research analysts forecast that Sandy Spring Bancorp will post 2.48 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in the stock. LPL Financial LLC increased its stake in Sandy Spring Bancorp by 1.8% in the 4th quarter. LPL Financial LLC now owns 16,987 shares of the bank’s stock worth $573,000 after buying an additional 297 shares in the last quarter. Tritonpoint Wealth LLC raised its stake in Sandy Spring Bancorp by 1.5% during the fourth quarter. Tritonpoint Wealth LLC now owns 20,119 shares of the bank’s stock valued at $678,000 after purchasing an additional 302 shares in the last quarter. Cerity Partners LLC lifted its holdings in shares of Sandy Spring Bancorp by 1.4% in the 4th quarter. Cerity Partners LLC now owns 26,583 shares of the bank’s stock valued at $895,000 after acquiring an additional 374 shares during the last quarter. Tidal Investments LLC boosted its holdings in shares of Sandy Spring Bancorp by 1.5% in the 4th quarter. Tidal Investments LLC now owns 27,940 shares of the bank’s stock worth $942,000 after purchasing an additional 409 shares during the period. Finally, First National Trust Co boosted its stake in Sandy Spring Bancorp by 5.2% during the third quarter. First National Trust Co now owns 10,050 shares of the bank’s stock worth $315,000 after buying an additional 500 shares during the period. Institutional investors own 66.90% of the company’s stock.

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.