Stieven Capital Advisors L.P. Has $12.32 Million Stock Position in Sandy Spring Bancorp, Inc. (NASDAQ:SASR)

Stieven Capital Advisors L.P. lifted its position in shares of Sandy Spring Bancorp, Inc. (NASDAQ:SASR - Free Report) by 133.6% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 365,391 shares of the bank's stock after acquiring an additional 209,000 shares during the period. Sandy Spring Bancorp makes up about 2.2% of Stieven Capital Advisors L.P.'s portfolio, making the stock its 19th largest holding. Stieven Capital Advisors L.P. owned approximately 0.81% of Sandy Spring Bancorp worth $12,317,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently made changes to their positions in the company. Tritonpoint Wealth LLC lifted its holdings in shares of Sandy Spring Bancorp by 1.5% during the 4th quarter. Tritonpoint Wealth LLC now owns 20,119 shares of the bank's stock worth $678,000 after acquiring an additional 302 shares during the period. First National Trust Co lifted its holdings in shares of Sandy Spring Bancorp by 5.2% during the 3rd quarter. First National Trust Co now owns 10,050 shares of the bank's stock worth $315,000 after acquiring an additional 500 shares during the period. Wealth Enhancement Advisory Services LLC lifted its holdings in shares of Sandy Spring Bancorp by 2.4% during the 3rd quarter. Wealth Enhancement Advisory Services LLC now owns 26,065 shares of the bank's stock worth $818,000 after acquiring an additional 609 shares during the period. Cerity Partners LLC lifted its holdings in shares of Sandy Spring Bancorp by 3.3% during the 3rd quarter. Cerity Partners LLC now owns 26,209 shares of the bank's stock worth $822,000 after acquiring an additional 832 shares during the period. Finally, Capital Performance Advisors LLP bought a new stake in shares of Sandy Spring Bancorp during the 3rd quarter worth approximately $29,000. Institutional investors own 66.90% of the company's stock.

Sandy Spring Bancorp Price Performance

NASDAQ:SASR traded down $0.05 on Wednesday, hitting $33.83. The company had a trading volume of 182,587 shares, compared to its average volume of 246,064. The stock has a market capitalization of $1.53 billion, a price-to-earnings ratio of 75.18 and a beta of 0.97. 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 firm has a 50 day moving average of $33.85 and a two-hundred day moving average of $33.29. Sandy Spring Bancorp, Inc. has a 52 week low of $19.52 and a 52 week high of $39.55.

Sandy Spring Bancorp (NASDAQ:SASR - Get Free Report) last issued its quarterly earnings data 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, research analysts anticipate that Sandy Spring Bancorp, Inc. will post 2.48 earnings per share for the current year.

Sandy Spring Bancorp Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, February 19th. Investors of record on Wednesday, February 12th will be paid a $0.34 dividend. This represents a $1.36 annualized dividend and a yield of 4.02%. The ex-dividend date of this dividend is Wednesday, February 12th. Sandy Spring Bancorp's payout ratio is 302.23%.

Wall Street Analyst Weigh In

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

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.