BNP Paribas Financial Markets Has $470,000 Holdings in Sandy Spring Bancorp, Inc. (NASDAQ:SASR)

BNP Paribas Financial Markets boosted its holdings in shares of Sandy Spring Bancorp, Inc. (NASDAQ:SASR) by 13.5% in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 14,985 shares of the bank’s stock after purchasing an additional 1,788 shares during the period. BNP Paribas Financial Markets’ holdings in Sandy Spring Bancorp were worth $470,000 as of its most recent SEC filing.

Other institutional investors have also recently bought and sold shares of the company. Carmichael Hill & Associates Inc. increased its stake in shares of Sandy Spring Bancorp by 3.6% in 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 in the last quarter. First National Trust Co grew its holdings in Sandy Spring Bancorp by 5.2% during the 3rd quarter. First National Trust Co now owns 10,050 shares of the bank’s stock worth $315,000 after acquiring an additional 500 shares during the last quarter. Wealth Enhancement Advisory Services LLC increased its position in 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 in the last quarter. Cerity Partners LLC raised its stake in shares of Sandy Spring Bancorp by 3.3% in the third quarter. Cerity Partners LLC now owns 26,209 shares of the bank’s stock worth $822,000 after acquiring an additional 832 shares during the last quarter. Finally, Capital Performance Advisors LLP acquired a new position in shares of Sandy Spring Bancorp during the third quarter worth approximately $29,000. Institutional investors own 66.90% of the company’s stock.

Sandy Spring Bancorp Stock Down 0.6 %

Shares of NASDAQ SASR opened at $36.62 on Friday. Sandy Spring Bancorp, Inc. has a 1 year low of $19.52 and a 1 year high of $39.55. The firm’s 50-day moving average is $35.42 and its 200-day moving average is $30.47. The company has a current ratio of 1.02, a quick ratio of 1.02 and a debt-to-equity ratio of 0.50. The firm has a market capitalization of $1.65 billion, a PE ratio of 19.27 and a beta of 0.96.

Sandy Spring Bancorp (NASDAQ:SASR) last announced its quarterly earnings data on Monday, October 21st. The bank reported $0.40 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.46 by ($0.06). Sandy Spring Bancorp had a net margin of 11.54% and a return on equity of 5.71%. The business had revenue of $189.81 million during the quarter, compared to the consensus estimate of $101.60 million. During the same period in the previous year, the business posted $0.62 earnings per share. Equities analysts expect that Sandy Spring Bancorp, Inc. will post 1.85 EPS for the current year.

Sandy Spring Bancorp Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, November 21st. Investors of record on Thursday, November 14th were paid a dividend of $0.34 per share. The ex-dividend date of this dividend was Thursday, November 14th. This represents a $1.36 dividend on an annualized basis and a dividend yield of 3.71%. Sandy Spring Bancorp’s dividend payout ratio (DPR) is presently 71.58%.

Wall Street Analyst Weigh In

Separately, StockNews.com began coverage on shares of Sandy Spring Bancorp in a research report on Tuesday. They issued 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 presently has an average rating of “Hold” and an average price target of $28.25.

Sandy Spring Bancorp 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.