Chicago Capital Management LLC Purchases New Position in Sandy Spring Bancorp, Inc. (NASDAQ:SASR)

Chicago Capital Management LLC bought a new position in shares of Sandy Spring Bancorp, Inc. (NASDAQ:SASR - Free Report) during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 25,000 shares of the bank's stock, valued at approximately $843,000. Chicago Capital Management LLC owned approximately 0.06% of Sandy Spring Bancorp as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors also recently bought and sold shares of the company. Vestcor Inc purchased a new stake in shares of Sandy Spring Bancorp in the 4th quarter worth about $37,000. Family Firm Inc. purchased a new stake in shares of Sandy Spring Bancorp in the fourth quarter valued at about $204,000. Commonwealth of Pennsylvania Public School Empls Retrmt SYS acquired a new stake in shares of Sandy Spring Bancorp in the fourth quarter valued at approximately $228,000. Stifel Financial Corp acquired a new stake in shares of Sandy Spring Bancorp in the third quarter valued at approximately $217,000. Finally, Associated Banc Corp purchased a new position in shares of Sandy Spring Bancorp during the 3rd quarter worth approximately $249,000. Institutional investors and hedge funds own 66.90% of the company's stock.

Sandy Spring Bancorp Trading Down 3.1 %

SASR stock traded down $0.89 during midday trading on Friday, hitting $27.60. The stock had a trading volume of 233,889 shares, compared to its average volume of 327,894. The company's 50-day moving average price is $31.76 and its 200 day moving average price is $33.34. The company has a debt-to-equity ratio of 0.50, a current ratio of 1.02 and a quick ratio of 1.02. The firm has a market cap of $1.25 billion, a PE ratio of 61.33 and a beta of 0.96. Sandy Spring Bancorp, Inc. has a 12-month low of $19.52 and a 12-month high of $39.55.

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Sandy Spring Bancorp (NASDAQ:SASR - Get Free Report) last released its earnings results on Tuesday, January 28th. The bank reported $0.47 EPS for the quarter, missing the consensus estimate of $0.48 by ($0.01). Sandy Spring Bancorp had a net margin of 2.65% and a return on equity of 5.31%. On average, equities research analysts predict that Sandy Spring Bancorp, Inc. will post 2.48 earnings per share for the current fiscal year.

Sandy Spring Bancorp Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, February 19th. Investors of record on Wednesday, February 12th were given a $0.34 dividend. The ex-dividend date was Wednesday, February 12th. This represents a $1.36 annualized dividend and a dividend yield of 4.93%. Sandy Spring Bancorp's dividend payout ratio is presently 302.22%.

Analysts Set New Price Targets

Separately, StockNews.com began coverage on Sandy Spring Bancorp in a report on Monday, March 24th. They set a "sell" rating on the stock.

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.