Shares of Sandy Spring Bancorp, Inc. (NASDAQ:SASR - Get Free Report) saw unusually-high trading volume on Monday . Approximately 148,097 shares changed hands during mid-day trading, an increase of 23% from the previous session's volume of 120,101 shares.The stock last traded at $33.29 and had previously closed at $32.96.
Analyst Upgrades and Downgrades
Separately, StockNews.com initiated coverage on shares of Sandy Spring Bancorp in a research note on Friday. They set a "sell" rating on the stock. One investment analyst has rated the stock with a sell rating and four have given a hold rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of "Hold" and an average price target of $28.25.
Check Out Our Latest Report on SASR
Sandy Spring Bancorp Price Performance
The firm has a fifty day moving average price of $35.94 and a two-hundred day moving average price of $31.86. The company has a quick ratio of 1.02, a current ratio of 1.02 and a debt-to-equity ratio of 0.50. The stock has a market capitalization of $1.46 billion, a P/E ratio of 17.07 and a beta of 0.98.
Sandy Spring Bancorp (NASDAQ:SASR - Get Free Report) last released its quarterly earnings data on Monday, October 21st. The bank reported $0.40 earnings per share for the quarter, missing analysts' consensus estimates 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 net margin of 11.54% and a return on equity of 5.71%. During the same quarter in the prior year, the business posted $0.62 earnings per share. On average, analysts expect that Sandy Spring Bancorp, Inc. will post 1.85 EPS for the current year.
Sandy Spring Bancorp Dividend Announcement
The firm also recently announced a quarterly dividend, which was paid on Thursday, November 21st. Shareholders of record on Thursday, November 14th were paid a dividend of $0.34 per share. The ex-dividend date of this dividend was Thursday, November 14th. This represents a $1.36 annualized dividend and a yield of 4.19%. Sandy Spring Bancorp's dividend payout ratio is 71.58%.
Institutional Inflows and Outflows
Hedge funds and other institutional investors have recently modified their holdings of the business. Capital Performance Advisors LLP bought a new stake in shares of Sandy Spring Bancorp in the third quarter worth $29,000. Meeder Asset Management Inc. bought a new stake in Sandy Spring Bancorp during the second quarter valued at approximately $117,000. SG Americas Securities LLC purchased a new stake in Sandy Spring Bancorp during the third quarter valued at approximately $170,000. Inspire Advisors LLC bought a new position in Sandy Spring Bancorp in the second quarter worth approximately $217,000. Finally, Stifel Financial Corp purchased a new position in shares of Sandy Spring Bancorp during the 3rd quarter worth $217,000. 66.90% of the stock is owned by institutional investors.
Sandy Spring Bancorp Company Profile
(
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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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