Rafferty Asset Management LLC Has $2.16 Million Stock Holdings in Sandy Spring Bancorp, Inc. (NASDAQ:SASR)

Rafferty Asset Management LLC boosted its position in Sandy Spring Bancorp, Inc. (NASDAQ:SASR) by 7.4% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 63,924 shares of the bank’s stock after buying an additional 4,379 shares during the quarter. Rafferty Asset Management LLC’s holdings in Sandy Spring Bancorp were worth $2,155,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also bought and sold shares of the company. Franklin Resources Inc. raised its position in Sandy Spring Bancorp by 45.8% in the 4th quarter. Franklin Resources Inc. now owns 1,853,807 shares of the bank’s stock valued at $62,492,000 after buying an additional 582,309 shares during the last quarter. Massachusetts Financial Services Co. MA raised its position in Sandy Spring Bancorp by 16.0% in the 4th quarter. Massachusetts Financial Services Co. MA now owns 937,531 shares of the bank’s stock valued at $31,604,000 after buying an additional 129,591 shares during the last quarter. American Century Companies Inc. raised its position in Sandy Spring Bancorp by 0.8% in the 4th quarter. American Century Companies Inc. now owns 893,547 shares of the bank’s stock valued at $30,121,000 after buying an additional 6,815 shares during the last quarter. Charles Schwab Investment Management Inc. raised its position in Sandy Spring Bancorp by 0.7% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 684,711 shares of the bank’s stock valued at $23,082,000 after buying an additional 4,787 shares during the last quarter. Finally, Balyasny Asset Management L.P. raised its position in Sandy Spring Bancorp by 267.6% in the 4th quarter. Balyasny Asset Management L.P. now owns 665,583 shares of the bank’s stock valued at $22,437,000 after buying an additional 484,514 shares during the last quarter. Institutional investors and hedge funds own 66.90% of the company’s stock.

Analysts Set New Price Targets

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

Sandy Spring Bancorp Stock Up 1.0%

NASDAQ:SASR opened at $27.87 on Wednesday. The firm has a market capitalization of $1.26 billion, a price-to-earnings ratio of 61.93 and a beta of 0.96. Sandy Spring Bancorp, Inc. has a twelve month low of $21.37 and a twelve month high of $39.55. The stock’s 50 day moving average price is $28.11 and its two-hundred day moving average price is $32.16. The company has a quick ratio of 1.02, a current ratio of 1.02 and a debt-to-equity ratio of 0.50.

Sandy Spring Bancorp Profile

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.