Jane Street Group LLC Has $973,000 Position in Sandy Spring Bancorp, Inc. (NASDAQ:SASR)

Jane Street Group LLC decreased its stake in Sandy Spring Bancorp, Inc. (NASDAQ:SASR - Free Report) by 46.1% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 31,004 shares of the bank's stock after selling 26,503 shares during the quarter. Jane Street Group LLC owned 0.07% of Sandy Spring Bancorp worth $973,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in SASR. Capital Performance Advisors LLP acquired a new position in shares of Sandy Spring Bancorp in the 3rd quarter valued at $29,000. Hantz Financial Services Inc. bought a new position in Sandy Spring Bancorp during the second quarter worth about $105,000. Meeder Asset Management Inc. acquired a new position in Sandy Spring Bancorp in the second quarter valued at about $117,000. SG Americas Securities LLC bought a new stake in shares of Sandy Spring Bancorp in the third quarter worth about $170,000. Finally, Stifel Financial Corp bought a new stake in shares of Sandy Spring Bancorp in the third quarter worth about $217,000. Institutional investors own 66.90% of the company's stock.

Analyst Upgrades and Downgrades

Separately, StockNews.com assumed coverage on Sandy Spring Bancorp in a research report on Thursday, December 26th. They issued a "sell" rating for the company. One equities research analyst has rated the stock with a sell rating and four have given a hold rating to the company. According to MarketBeat.com, Sandy Spring Bancorp presently has an average rating of "Hold" and a consensus target price of $28.25.

Sandy Spring Bancorp Stock Up 0.1 %

Shares of SASR traded up $0.04 during midday trading on Wednesday, hitting $33.71. The stock had a trading volume of 148,617 shares, compared to its average volume of 337,840. The firm has a market cap of $1.52 billion, a price-to-earnings ratio of 17.74 and a beta of 0.96. The company has a 50 day simple moving average of $35.95 and a two-hundred day simple moving average of $31.59. Sandy Spring Bancorp, Inc. has a twelve month low of $19.52 and a twelve month high of $39.55. The company has a debt-to-equity ratio of 0.50, a current ratio of 1.02 and a quick ratio of 1.02.

Sandy Spring Bancorp (NASDAQ:SASR - Get Free Report) last posted its quarterly earnings data on Monday, October 21st. The bank reported $0.40 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.46 by ($0.06). The firm had revenue of $189.81 million for the quarter, compared to the consensus estimate of $101.60 million. Sandy Spring Bancorp had a return on equity of 5.71% and a net margin of 11.54%. During the same quarter in the previous year, the business posted $0.62 earnings per share. On average, analysts anticipate that Sandy Spring Bancorp, Inc. will post 1.85 EPS for the current year.

Sandy Spring Bancorp Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, November 21st. Stockholders of record on Thursday, November 14th were given a $0.34 dividend. This represents a $1.36 dividend on an annualized basis and a dividend yield of 4.03%. The ex-dividend date was Thursday, November 14th. Sandy Spring Bancorp's dividend payout ratio is presently 71.58%.

Sandy Spring Bancorp 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.