News coverage about Sandy Spring Bancorp (NASDAQ:SASR) has trended somewhat positive recently, according to Accern. The research group identifies negative and positive news coverage by analyzing more than twenty million news and blog sources. Accern ranks coverage of public companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Sandy Spring Bancorp earned a daily sentiment score of 0.06 on Accern’s scale. Accern also assigned news articles about the bank an impact score of 45.5654044045161 out of 100, meaning that recent news coverage is somewhat unlikely to have an impact on the company’s share price in the next several days.
A number of equities analysts have recently commented on the stock. Boenning Scattergood reissued a “hold” rating on shares of Sandy Spring Bancorp in a research report on Friday, October 20th. ValuEngine upgraded shares of Sandy Spring Bancorp from a “hold” rating to a “buy” rating in a research note on Monday, October 2nd. Zacks Investment Research downgraded shares of Sandy Spring Bancorp from a “hold” rating to a “sell” rating in a research note on Wednesday, October 25th. Finally, BidaskClub upgraded shares of Sandy Spring Bancorp from a “sell” rating to a “hold” rating in a research note on Saturday, August 26th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and one has issued a buy rating to the stock. The stock currently has an average rating of “Hold” and an average target price of $42.00.
Shares of Sandy Spring Bancorp (SASR) traded down $0.26 during trading on Friday, hitting $39.00. 131,810 shares of the stock traded hands, compared to its average volume of 85,644. Sandy Spring Bancorp has a twelve month low of $34.48 and a twelve month high of $45.64. The company has a debt-to-equity ratio of 1.12, a quick ratio of 1.03 and a current ratio of 1.03. The firm has a market capitalization of $935.75, a P/E ratio of 16.15 and a beta of 1.02.
Sandy Spring Bancorp (NASDAQ:SASR) last posted its quarterly earnings results on Thursday, October 19th. The bank reported $0.62 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.63 by ($0.01). Sandy Spring Bancorp had a return on equity of 10.82% and a net margin of 27.22%. The business had revenue of $55.44 million for the quarter, compared to analyst estimates of $58.34 million. During the same quarter in the prior year, the firm earned $0.56 EPS. analysts anticipate that Sandy Spring Bancorp will post 2.48 earnings per share for the current year.
The firm also recently declared a quarterly dividend, which was paid on Wednesday, November 15th. Shareholders of record on Wednesday, November 8th were paid a dividend of $0.26 per share. The ex-dividend date of this dividend was Tuesday, November 7th. This represents a $1.04 dividend on an annualized basis and a yield of 2.67%. Sandy Spring Bancorp’s dividend payout ratio is currently 43.15%.
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Sandy Spring Bancorp Company Profile
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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