StockNews.com assumed coverage on shares of Sandy Spring Bancorp (NASDAQ:SASR - Get Free Report) in a research note issued on Thursday. The firm set a "sell" rating on the bank's stock.
Sandy Spring Bancorp Price Performance
SASR traded up $0.39 on Thursday, reaching $34.58. The company had a trading volume of 186,023 shares, compared to its average volume of 340,100. The company has a fifty day moving average of $35.83 and a 200-day moving average of $31.20. The company has a market capitalization of $1.56 billion, a P/E ratio of 18.20 and a beta of 0.96. Sandy Spring Bancorp has a one year low of $19.52 and a one year high of $39.55. The company has a current ratio of 1.02, a quick ratio of 1.02 and a debt-to-equity ratio of 0.50.
Sandy Spring Bancorp (NASDAQ:SASR - Get Free Report) last announced its earnings results on Monday, October 21st. The bank reported $0.40 EPS for the quarter, missing the consensus estimate 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 period in the previous year, the firm earned $0.62 EPS. As a group, equities research analysts anticipate that Sandy Spring Bancorp will post 1.85 earnings per share for the current year.
Institutional Investors Weigh In On Sandy Spring Bancorp
A number of institutional investors and hedge funds have recently bought and sold shares of SASR. Capital Performance Advisors LLP bought a new stake in Sandy Spring Bancorp during the third quarter worth approximately $29,000. Hantz Financial Services Inc. purchased a new stake in Sandy Spring Bancorp in the 2nd quarter worth approximately $105,000. Meeder Asset Management Inc. purchased a new position in shares of Sandy Spring Bancorp during the 2nd quarter valued at $117,000. SG Americas Securities LLC purchased a new stake in shares of Sandy Spring Bancorp during the third quarter worth $170,000. Finally, Inspire Advisors LLC purchased a new position in Sandy Spring Bancorp in the second quarter valued at about $217,000. 66.90% of the stock is owned by institutional investors and hedge funds.
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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