Inspire Investing LLC Reduces Holdings in Sandy Spring Bancorp, Inc. (NASDAQ:SASR)

Inspire Investing LLC decreased its holdings in shares of Sandy Spring Bancorp, Inc. (NASDAQ:SASR) by 10.3% during the fourth quarter, according to its most recent disclosure with the SEC. The fund owned 13,379 shares of the bank’s stock after selling 1,534 shares during the period. Inspire Investing LLC’s holdings in Sandy Spring Bancorp were worth $451,000 at the end of the most recent quarter.

A number of other large investors have also modified their holdings of the business. Dimensional Fund Advisors LP grew its stake in shares of Sandy Spring Bancorp by 4.6% during the second quarter. Dimensional Fund Advisors LP now owns 2,470,621 shares of the bank’s stock worth $60,182,000 after acquiring an additional 108,703 shares during the last quarter. Franklin Resources Inc. lifted its holdings in shares of Sandy Spring Bancorp by 93.9% during the third quarter. Franklin Resources Inc. now owns 1,271,498 shares of the bank’s stock worth $41,235,000 after purchasing an additional 615,591 shares during the period. Geode Capital Management LLC lifted its holdings in shares of Sandy Spring Bancorp by 3.4% during the third quarter. Geode Capital Management LLC now owns 1,072,619 shares of the bank’s stock worth $33,654,000 after purchasing an additional 35,271 shares during the period. Systematic Financial Management LP lifted its holdings in shares of Sandy Spring Bancorp by 13.4% during the third quarter. Systematic Financial Management LP now owns 1,025,227 shares of the bank’s stock worth $32,161,000 after purchasing an additional 120,793 shares during the period. Finally, Wellington Management Group LLP lifted its holdings in shares of Sandy Spring Bancorp by 17.4% during the third quarter. Wellington Management Group LLP now owns 819,475 shares of the bank’s stock worth $25,707,000 after purchasing an additional 121,574 shares during the period. Hedge funds and other institutional investors own 66.90% of the company’s stock.

Wall Street Analyst Weigh In

Separately, StockNews.com assumed coverage on Sandy Spring Bancorp in a report on Sunday, January 19th. They set a “sell” rating for the company. One investment analyst has rated the stock with a sell rating and four have given a hold rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $28.25.

Sandy Spring Bancorp Trading Down 0.3 %

Shares of NASDAQ:SASR opened at $32.75 on Friday. Sandy Spring Bancorp, Inc. has a 12-month low of $19.52 and a 12-month high of $39.55. The company has a market capitalization of $1.48 billion, a PE ratio of 17.24 and a beta of 0.98. The business has a 50 day moving average of $35.09 and a two-hundred day moving average of $32.65. 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 Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, November 21st. Shareholders of record on Thursday, November 14th were issued a $0.34 dividend. This represents a $1.36 dividend on an annualized basis and a yield of 4.15%. The ex-dividend date of this dividend was Thursday, November 14th. Sandy Spring Bancorp’s payout ratio is presently 71.58%.

About Sandy Spring Bancorp

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.