OMERS ADMINISTRATION Corp Invests $2.78 Million in Sandy Spring Bancorp, Inc. (NASDAQ:SASR)

OMERS ADMINISTRATION Corp purchased a new stake in Sandy Spring Bancorp, Inc. (NASDAQ:SASR) in the fourth quarter, Holdings Channel.com reports. The fund purchased 82,581 shares of the bank’s stock, valued at approximately $2,784,000.

Other institutional investors and hedge funds have also bought and sold shares of the company. Vestcor Inc purchased a new stake in Sandy Spring Bancorp in the 4th quarter valued at $37,000. Sterling Capital Management LLC raised its position in Sandy Spring Bancorp by 826.3% in the 4th quarter. Sterling Capital Management LLC now owns 1,408 shares of the bank’s stock valued at $47,000 after buying an additional 1,256 shares during the last quarter. Family Firm Inc. purchased a new stake in Sandy Spring Bancorp in the 4th quarter valued at $204,000. Commonwealth of Pennsylvania Public School Empls Retrmt SYS purchased a new stake in Sandy Spring Bancorp in the 4th quarter valued at $228,000. Finally, Aquatic Capital Management LLC purchased a new stake in Sandy Spring Bancorp in the 4th quarter valued at $232,000. 66.90% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Separately, StockNews.com assumed coverage on Sandy Spring Bancorp in a research report on Sunday. They issued a “sell” rating for the company.

Sandy Spring Bancorp Trading Up 1.0%

Shares of Sandy Spring Bancorp stock opened at $27.87 on Thursday. Sandy Spring Bancorp, Inc. has a 1 year low of $21.37 and a 1 year high of $39.55. The firm has a market cap of $1.26 billion, a PE ratio of 61.93 and a beta of 0.96. The stock has a fifty day moving average price of $28.18 and a 200-day moving average price of $32.34. The company has a debt-to-equity ratio of 0.50, a current ratio of 1.02 and a quick ratio of 1.02.

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.