Apollon Wealth Management LLC Takes $370,000 Position in Sandy Spring Bancorp, Inc. (NASDAQ:SASR)

Apollon Wealth Management LLC bought a new position in Sandy Spring Bancorp, Inc. (NASDAQ:SASR - Free Report) during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor bought 10,988 shares of the bank's stock, valued at approximately $370,000.

Other institutional investors have also added to or reduced their stakes in the company. Capital Performance Advisors LLP bought a new position in shares of Sandy Spring Bancorp during the 3rd quarter valued at about $29,000. SG Americas Securities LLC bought a new position in shares of Sandy Spring Bancorp during the 3rd quarter valued at about $170,000. Stifel Financial Corp bought a new position in shares of Sandy Spring Bancorp during the 3rd quarter valued at about $217,000. CWM LLC increased its position in shares of Sandy Spring Bancorp by 27.4% during the 3rd quarter. CWM LLC now owns 7,086 shares of the bank's stock valued at $222,000 after purchasing an additional 1,525 shares during the last quarter. Finally, Associated Banc Corp bought a new position in shares of Sandy Spring Bancorp during the 3rd quarter valued at about $249,000. 66.90% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Separately, StockNews.com initiated coverage on Sandy Spring Bancorp in a research report on Wednesday, February 12th. They set a "sell" rating on the stock. One research analyst has rated the stock with a sell rating and four have assigned a hold rating to the company's stock. Based on data from MarketBeat.com, the stock has an average rating of "Hold" and a consensus target price of $28.25.

Sandy Spring Bancorp Trading Down 0.4 %

NASDAQ SASR traded down $0.12 on Monday, hitting $33.65. The company's stock had a trading volume of 158,704 shares, compared to its average volume of 230,093. Sandy Spring Bancorp, Inc. has a 52-week low of $19.52 and a 52-week high of $39.55. The company has a current ratio of 1.02, a quick ratio of 1.02 and a debt-to-equity ratio of 0.50. The company's 50-day simple moving average is $33.91 and its 200 day simple moving average is $33.25. The firm has a market cap of $1.52 billion, a P/E ratio of 74.78 and a beta of 0.97.

Sandy Spring Bancorp (NASDAQ:SASR - Get Free Report) last released its quarterly earnings data on Tuesday, January 28th. The bank reported $0.47 earnings per share for the quarter, missing the consensus estimate of $0.48 by ($0.01). Sandy Spring Bancorp had a return on equity of 5.31% and a net margin of 2.65%. Research analysts predict that Sandy Spring Bancorp, Inc. will post 2.51 EPS for the current fiscal year.

Sandy Spring Bancorp Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, February 19th. Shareholders of record on Wednesday, February 12th will be issued a $0.34 dividend. This represents a $1.36 annualized dividend and a yield of 4.04%. The ex-dividend date of this dividend is Wednesday, February 12th. Sandy Spring Bancorp's dividend payout ratio (DPR) is currently 302.23%.

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.