Sandy Spring Bancorp (NASDAQ:SASR - Get Free Report) announced its quarterly earnings results on Tuesday. The bank reported $0.47 EPS for the quarter, missing the consensus estimate of $0.48 by ($0.01), Zacks reports. Sandy Spring Bancorp had a net margin of 11.54% and a return on equity of 5.71%.
Sandy Spring Bancorp Stock Performance
SASR traded down $0.07 on Tuesday, hitting $33.66. 227,324 shares of the stock traded hands, compared to its average volume of 253,260. Sandy Spring Bancorp has a 52 week low of $19.52 and a 52 week high of $39.55. The firm has a market capitalization of $1.52 billion, a PE ratio of 17.72 and a beta of 0.98. The business has a fifty day moving average price of $35.02 and a two-hundred day moving average price of $32.81. 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 Dividend Announcement
The business also recently announced a quarterly dividend, which was paid on Thursday, November 21st. Investors of record on Thursday, November 14th were paid a $0.34 dividend. This represents a $1.36 annualized dividend and a dividend yield of 4.04%. The ex-dividend date was Thursday, November 14th. Sandy Spring Bancorp's payout ratio is presently 71.58%.
Analyst Ratings Changes
Separately, StockNews.com started coverage on shares of Sandy Spring Bancorp in a research report on Monday. They set 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 stock. According to data from MarketBeat, the stock presently has a consensus rating of "Hold" and an average target price of $28.25.
Read Our Latest Research Report on Sandy Spring Bancorp
About Sandy Spring Bancorp
(
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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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