Sandy Spring Bancorp (NASDAQ:SASR) Now Covered by Analysts at StockNews.com

Research analysts at StockNews.com began coverage on shares of Sandy Spring Bancorp (NASDAQ:SASR - Get Free Report) in a research note issued on Tuesday. The brokerage set a "sell" rating on the bank's stock.

Sandy Spring Bancorp Trading Down 1.9 %

Shares of SASR stock traded down $0.68 during trading hours on Tuesday, reaching $34.40. The company's stock had a trading volume of 213,868 shares, compared to its average volume of 237,315. The stock has a market capitalization of $1.55 billion, a P/E ratio of 76.45 and a beta of 0.97. The firm's fifty day simple moving average is $34.37 and its 200 day simple moving average is $33.08. 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 posted its quarterly earnings data 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 net margin of 2.65% and a return on equity of 5.31%. Equities research analysts expect that Sandy Spring Bancorp will post 2.51 EPS for the current year.

Institutional Investors Weigh In On Sandy Spring Bancorp

Several hedge funds have recently added to or reduced their stakes in the stock. Raymond James Financial Inc. purchased a new position in shares of Sandy Spring Bancorp in the 4th quarter worth about $5,713,000. Proficio Capital Partners LLC bought a new stake in Sandy Spring Bancorp during the 4th quarter valued at about $623,000. Charles Schwab Investment Management Inc. raised its holdings in Sandy Spring Bancorp by 0.7% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 684,711 shares of the bank's stock worth $23,082,000 after buying an additional 4,787 shares during the last quarter. Versor Investments LP bought a new position in shares of Sandy Spring Bancorp in the fourth quarter worth approximately $1,678,000. Finally, New York Life Investment Management LLC purchased a new stake in shares of Sandy Spring Bancorp during the fourth quarter valued at approximately $2,989,000. 66.90% of the stock is owned by institutional investors.

Sandy Spring Bancorp Company 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.