Sandy Spring Bancorp (NASDAQ:SASR)‘s stock had its “hold” rating reiterated by equities research analysts at Boenning Scattergood in a research report issued on Tuesday.
Other equities research analysts have also recently issued reports about the stock. Zacks Investment Research cut shares of Sandy Spring Bancorp from a “buy” rating to a “hold” rating in a research report on Tuesday, September 19th. ValuEngine cut shares of Sandy Spring Bancorp from a “buy” rating to a “hold” rating in a research report on Thursday, September 7th. Four research analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. The company has a consensus rating of “Hold” and a consensus target price of $42.00.
Shares of Sandy Spring Bancorp (SASR) opened at $39.02 on Tuesday. The company has a debt-to-equity ratio of 1.12, a quick ratio of 1.03 and a current ratio of 1.03. Sandy Spring Bancorp has a 52-week low of $36.50 and a 52-week high of $45.64. The company has a market cap of $936.23, a PE ratio of 16.19 and a beta of 0.99.
Sandy Spring Bancorp (NASDAQ:SASR) last issued its quarterly earnings results on Thursday, October 19th. The bank reported $0.62 EPS for the quarter, missing the consensus estimate of $0.63 by ($0.01). Sandy Spring Bancorp had a return on equity of 10.61% and a net margin of 24.31%. The business had revenue of $55.44 million for the quarter, compared to the consensus estimate of $58.34 million. During the same period last year, the firm earned $0.56 earnings per share. sell-side analysts anticipate that Sandy Spring Bancorp will post 2.38 earnings per share for the current fiscal year.
Institutional investors have recently added to or reduced their stakes in the company. Bronfman E.L. Rothschild L.P. acquired a new position in shares of Sandy Spring Bancorp during the 2nd quarter worth about $133,000. KBC Group NV acquired a new position in shares of Sandy Spring Bancorp during the 3rd quarter worth about $139,000. BNP Paribas Arbitrage SA increased its stake in shares of Sandy Spring Bancorp by 554.4% during the 2nd quarter. BNP Paribas Arbitrage SA now owns 3,586 shares of the bank’s stock worth $146,000 after purchasing an additional 3,038 shares during the last quarter. Court Place Advisors LLC acquired a new position in Sandy Spring Bancorp in the 3rd quarter valued at about $200,000. Finally, Magnetar Financial LLC acquired a new position in Sandy Spring Bancorp in the 3rd quarter valued at about $203,000. Institutional investors own 70.37% of the company’s stock.
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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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