Somewhat Positive Press Coverage Somewhat Unlikely to Affect Sandy Spring Bancorp (SASR) Share Price

News articles about Sandy Spring Bancorp (NASDAQ:SASR) have been trending somewhat positive recently, Accern reports. The research firm scores the sentiment of press coverage by analyzing more than 20 million blog and news sources. Accern ranks coverage of public companies on a scale of -1 to 1, with scores closest to one being the most favorable. Sandy Spring Bancorp earned a daily sentiment score of 0.10 on Accern’s scale. Accern also assigned media coverage about the bank an impact score of 46.3082777831541 out of 100, meaning that recent press coverage is somewhat unlikely to have an effect on the company’s share price in the next few days.

Sandy Spring Bancorp (NASDAQ SASR) opened at 39.90 on Friday. The stock has a market capitalization of $957.08 million, a PE ratio of 17.08 and a beta of 1.02. Sandy Spring Bancorp has a 52 week low of $27.86 and a 52 week high of $45.64. The firm has a 50-day moving average price of $38.58 and a 200-day moving average price of $40.24.

Sandy Spring Bancorp (NASDAQ:SASR) last posted its quarterly earnings data on Thursday, July 20th. The bank reported $0.61 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.58 by $0.03. The business had revenue of $55.90 million during the quarter, compared to analyst estimates of $55.53 million. Sandy Spring Bancorp had a return on equity of 10.44% and a net margin of 24.33%. During the same period last year, the company earned $0.44 EPS. Equities research analysts predict that Sandy Spring Bancorp will post $2.51 EPS for the current fiscal year.

A number of equities analysts have commented on the company. Zacks Investment Research cut Sandy Spring Bancorp from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, July 19th. BidaskClub cut Sandy Spring Bancorp from a “hold” rating to a “sell” rating in a research note on Friday, August 18th. Finally, ValuEngine cut Sandy Spring Bancorp from a “buy” rating to a “hold” rating in a research note on Thursday, September 7th.

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About Sandy Spring Bancorp

Sandy Spring Bancorp, Inc is the bank holding company for Sandy Spring Bank (the Bank). The Company operates through three segments: Community Banking, Insurance and Investment Management. The Company’s Community Banking segment operates through Sandy Spring Bank and involves delivering a range of financial products and services, including various loan and deposit products to both individuals and businesses.

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