What is DA Davidson's Estimate for SASR FY2025 Earnings?

Sandy Spring Bancorp, Inc. (NASDAQ:SASR - Free Report) - Equities researchers at DA Davidson reduced their FY2025 earnings estimates for Sandy Spring Bancorp in a research report issued on Wednesday, October 23rd. DA Davidson analyst M. Navas now expects that the bank will earn $2.65 per share for the year, down from their previous estimate of $2.80. DA Davidson has a "Neutral" rating and a $33.00 price target on the stock. The consensus estimate for Sandy Spring Bancorp's current full-year earnings is $1.93 per share.

Other research analysts have also recently issued reports about the stock. Keefe, Bruyette & Woods lifted their price target on shares of Sandy Spring Bancorp from $25.00 to $30.00 and gave the company a "market perform" rating in a research report on Thursday, July 25th. StockNews.com lowered shares of Sandy Spring Bancorp from a "hold" rating to a "sell" rating in a report on Tuesday, August 27th. One investment analyst has rated the stock with a sell rating and five have given a hold rating to the stock. According to MarketBeat.com, the stock presently has an average rating of "Hold" and a consensus target price of $27.00.

Sandy Spring Bancorp Trading Down 0.6 %

Shares of NASDAQ SASR traded down $0.20 during midday trading on Friday, hitting $32.42. The stock had a trading volume of 686,896 shares, compared to its average volume of 346,975. The company has a fifty day moving average price of $31.45 and a 200 day moving average price of $26.78. The company has a market capitalization of $1.46 billion, a price-to-earnings ratio of 15.94 and a beta of 0.95. Sandy Spring Bancorp has a 1-year low of $19.27 and a 1-year high of $34.19. The company has a quick ratio of 1.02, a current ratio of 1.03 and a debt-to-equity ratio of 0.54.

Sandy Spring Bancorp (NASDAQ:SASR - Get Free Report) last issued its earnings results on Monday, October 21st. The bank reported $0.40 earnings per share for the quarter, missing the consensus estimate of $0.46 by ($0.06). The firm had revenue of $189.81 million during the quarter, compared to analysts' expectations of $101.60 million. Sandy Spring Bancorp had a return on equity of 5.74% and a net margin of 11.54%. During the same period last year, the business posted $0.62 earnings per share.

Institutional Investors Weigh In On Sandy Spring Bancorp

Several hedge funds and other institutional investors have recently added to or reduced their stakes in SASR. EntryPoint Capital LLC purchased a new stake in shares of Sandy Spring Bancorp during the first quarter worth about $98,000. Hantz Financial Services Inc. acquired a new position in shares of Sandy Spring Bancorp in the 2nd quarter valued at approximately $105,000. Meeder Asset Management Inc. purchased a new position in shares of Sandy Spring Bancorp during the 2nd quarter valued at approximately $117,000. SG Americas Securities LLC bought a new stake in shares of Sandy Spring Bancorp in the first quarter worth $122,000. Finally, CWM LLC increased its stake in shares of Sandy Spring Bancorp by 59.4% in the second quarter. CWM LLC now owns 5,561 shares of the bank's stock worth $135,000 after buying an additional 2,073 shares during the last quarter. Hedge funds and other institutional investors own 66.90% of the company's stock.

Sandy Spring Bancorp Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, August 21st. Investors of record on Wednesday, August 14th were issued a dividend of $0.34 per share. This represents a $1.36 dividend on an annualized basis and a yield of 4.19%. The ex-dividend date was Wednesday, August 14th. Sandy Spring Bancorp's payout ratio is 66.67%.

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.