Sandy Spring Bancorp (NASDAQ:SASR) Research Coverage Started at StockNews.com

StockNews.com initiated coverage on shares of Sandy Spring Bancorp (NASDAQ:SASR) in a report released on Friday morning. The brokerage issued a sell rating on the bank’s stock.

Sandy Spring Bancorp Stock Up 0.6 %

NASDAQ:SASR opened at $32.96 on Friday. 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 has a 12-month low of $19.52 and a 12-month high of $39.55. The stock’s fifty day simple moving average is $35.97 and its 200-day simple moving average is $31.79. The firm has a market capitalization of $1.49 billion, a P/E ratio of 17.35 and a beta of 0.98.

Sandy Spring Bancorp (NASDAQ:SASR) last posted its earnings results on Monday, October 21st. The bank reported $0.40 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.46 by ($0.06). The company had revenue of $189.81 million for the quarter, compared to analyst estimates of $101.60 million. Sandy Spring Bancorp had a return on equity of 5.71% and a net margin of 11.54%. During the same quarter in the previous year, the firm posted $0.62 earnings per share. Equities research analysts expect that Sandy Spring Bancorp will post 1.85 earnings per share for the current year.

Sandy Spring Bancorp Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, November 21st. Investors of record on Thursday, November 14th were given a $0.34 dividend. This represents a $1.36 dividend on an annualized basis and a dividend yield of 4.13%. The ex-dividend date was Thursday, November 14th. Sandy Spring Bancorp’s dividend payout ratio is currently 71.58%.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Capital Performance Advisors LLP bought a new stake in Sandy Spring Bancorp during the 3rd quarter worth approximately $29,000. Meeder Asset Management Inc. bought a new stake in shares of Sandy Spring Bancorp during the second quarter worth $117,000. SG Americas Securities LLC acquired a new stake in shares of Sandy Spring Bancorp during the third quarter worth $170,000. Inspire Advisors LLC bought a new stake in Sandy Spring Bancorp in the 2nd quarter valued at $217,000. Finally, Stifel Financial Corp acquired a new position in Sandy Spring Bancorp in the 3rd quarter worth $217,000. 66.90% of the stock is owned by institutional investors and hedge funds.

Sandy Spring Bancorp Company 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.