StockNews.com began coverage on shares of Sandy Spring Bancorp (NASDAQ:SASR - Get Free Report) in a report released on Thursday. The brokerage set a "sell" rating on the bank's stock.
Sandy Spring Bancorp Stock Performance
Shares of NASDAQ:SASR traded down $1.37 during midday trading on Thursday, reaching $31.62. The company's stock had a trading volume of 213,811 shares, compared to its average volume of 219,223. The firm has a market capitalization of $1.43 billion, a PE ratio of 70.27 and a beta of 0.97. The stock has a fifty day moving average of $33.60 and a 200 day moving average of $33.32. Sandy Spring Bancorp has a twelve month low of $19.52 and a twelve month high of $39.55. The company has a quick ratio of 1.02, a current ratio of 1.02 and a debt-to-equity ratio of 0.50.
Sandy Spring Bancorp (NASDAQ:SASR - Get Free Report) last released its quarterly earnings results on Tuesday, January 28th. The bank reported $0.47 earnings per share for the quarter, missing the consensus estimate 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 analysts expect that Sandy Spring Bancorp will post 2.48 EPS for the current fiscal year.
Institutional Trading of Sandy Spring Bancorp
Large investors have recently bought and sold shares of the business. SG Americas Securities LLC purchased a new position in Sandy Spring Bancorp during the third quarter worth approximately $170,000. Creative Planning boosted its position in shares of Sandy Spring Bancorp by 11.9% during the 3rd quarter. Creative Planning now owns 66,208 shares of the bank's stock valued at $2,077,000 after acquiring an additional 7,024 shares during the last quarter. Wealth Enhancement Advisory Services LLC grew its holdings in shares of Sandy Spring Bancorp by 2.4% in the third quarter. Wealth Enhancement Advisory Services LLC now owns 26,065 shares of the bank's stock valued at $818,000 after purchasing an additional 609 shares during the period. Nisa Investment Advisors LLC increased its position in Sandy Spring Bancorp by 231.1% during the third quarter. Nisa Investment Advisors LLC now owns 11,748 shares of the bank's stock worth $369,000 after purchasing an additional 8,200 shares during the last quarter. Finally, Pinnacle Associates Ltd. raised its stake in Sandy Spring Bancorp by 55.3% during the third quarter. Pinnacle Associates Ltd. now owns 17,487 shares of the bank's stock worth $549,000 after purchasing an additional 6,224 shares during the period. Hedge funds and other institutional investors own 66.90% of the company's stock.
About Sandy Spring Bancorp
(
Get Free Report)
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.
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