Proficio Capital Partners LLC Acquires New Position in Sandy Spring Bancorp, Inc. (NASDAQ:SASR)

Proficio Capital Partners LLC purchased a new position in shares of Sandy Spring Bancorp, Inc. (NASDAQ:SASR - Free Report) in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 18,473 shares of the bank's stock, valued at approximately $623,000.

A number of other large investors also recently bought and sold shares of SASR. Stifel Financial Corp purchased a new stake in shares of Sandy Spring Bancorp in the third quarter valued at approximately $217,000. Associated Banc Corp purchased a new stake in shares of Sandy Spring Bancorp in the 3rd quarter worth $249,000. Heritage Investors Management Corp bought a new position in shares of Sandy Spring Bancorp during the 4th quarter worth $281,000. Intech Investment Management LLC purchased a new position in shares of Sandy Spring Bancorp during the third quarter valued at $314,000. Finally, Apollon Wealth Management LLC bought a new stake in shares of Sandy Spring Bancorp in the fourth quarter valued at about $370,000. Hedge funds and other institutional investors own 66.90% of the company's stock.

Analyst Upgrades and Downgrades

Separately, StockNews.com started coverage on shares of Sandy Spring Bancorp in a report on Monday. They set a "sell" rating on the stock.

Remove Ads

Sandy Spring Bancorp Stock Down 0.7 %

SASR stock traded down $0.19 during trading on Thursday, reaching $28.49. 293,735 shares of the company traded hands, compared to its average volume of 317,345. The business has a 50 day simple moving average of $31.99 and a 200 day simple moving average of $33.38. Sandy Spring Bancorp, Inc. has a 12 month low of $19.52 and a 12 month high of $39.55. The company has a debt-to-equity ratio of 0.50, a quick ratio of 1.02 and a current ratio of 1.02. The company has a market capitalization of $1.29 billion, a price-to-earnings ratio of 63.31 and a beta of 0.96.

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

Sandy Spring Bancorp Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, February 19th. Stockholders of record on Wednesday, February 12th were issued a dividend of $0.34 per share. The ex-dividend date of this dividend was Wednesday, February 12th. This represents a $1.36 annualized dividend and a dividend yield of 4.77%. Sandy Spring Bancorp's dividend payout ratio is presently 302.22%.

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.