Investment analysts at StockNews.com started coverage on shares of Sandy Spring Bancorp (NASDAQ:SASR - Get Free Report) in a report issued on Tuesday. The brokerage set a "sell" rating on the bank's stock.
Sandy Spring Bancorp Stock Performance
NASDAQ:SASR traded up $0.27 during midday trading on Tuesday, hitting $27.87. The company's stock had a trading volume of 2,059,482 shares, compared to its average volume of 335,217. Sandy Spring Bancorp has a fifty-two week low of $19.52 and a fifty-two week 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. The firm has a market cap of $1.26 billion, a P/E ratio of 61.93 and a beta of 0.96. The firm's 50 day moving average is $31.20 and its 200-day moving average is $33.19.
Sandy Spring Bancorp (NASDAQ:SASR - Get Free Report) last released its quarterly earnings data on Tuesday, January 28th. The bank reported $0.47 earnings per share 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%. Equities analysts anticipate that Sandy Spring Bancorp will post 2.48 earnings per share for the current fiscal year.
Institutional Inflows and Outflows
Several institutional investors have recently bought and sold shares of the stock. Vestcor Inc acquired a new stake in shares of Sandy Spring Bancorp during the 4th quarter worth approximately $37,000. Sterling Capital Management LLC grew its position in Sandy Spring Bancorp by 826.3% during the fourth quarter. Sterling Capital Management LLC now owns 1,408 shares of the bank's stock valued at $47,000 after buying an additional 1,256 shares during the period. Family Firm Inc. purchased a new position in Sandy Spring Bancorp in the fourth quarter valued at $204,000. Stifel Financial Corp acquired a new position in shares of Sandy Spring Bancorp in the third quarter worth about $217,000. Finally, Commonwealth of Pennsylvania Public School Empls Retrmt SYS purchased a new stake in shares of Sandy Spring Bancorp during the 4th quarter worth about $228,000. 66.90% of the stock is currently owned by hedge funds and other institutional investors.
Sandy Spring Bancorp Company Profile
(
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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