Sandy Spring Bancorp (NASDAQ:SASR - Get Free Report) is expected to be releasing its earnings data before the market opens on Tuesday, January 28th. Analysts expect Sandy Spring Bancorp to post earnings of $0.48 per share and revenue of $104,143.50 billion for the quarter.
Sandy Spring Bancorp (NASDAQ:SASR - Get Free Report) last announced its quarterly earnings results on Monday, October 21st. The bank reported $0.40 EPS for the quarter, missing analysts' consensus estimates of $0.46 by ($0.06). The firm had revenue of $189.81 million during the quarter, compared to analyst estimates 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 earned $0.62 EPS. On average, analysts expect Sandy Spring Bancorp to post $2 EPS for the current fiscal year and $3 EPS for the next fiscal year.
Sandy Spring Bancorp Stock Up 0.6 %
Sandy Spring Bancorp stock opened at $33.87 on Tuesday. Sandy Spring Bancorp has a fifty-two week low of $19.52 and a fifty-two week high of $39.55. The firm has a market capitalization of $1.53 billion, a PE ratio of 17.83 and a beta of 0.98. The company's 50-day moving average is $35.45 and its 200-day moving average is $32.50. The company has a debt-to-equity ratio of 0.50, a current ratio of 1.02 and a quick ratio of 1.02.
Sandy Spring Bancorp Announces Dividend
The firm also recently disclosed a quarterly dividend, which was paid on Thursday, November 21st. Stockholders of record on Thursday, November 14th were given a $0.34 dividend. The ex-dividend date of this dividend was Thursday, November 14th. This represents a $1.36 dividend on an annualized basis and a dividend yield of 4.02%. Sandy Spring Bancorp's payout ratio is 71.58%.
Analyst Upgrades and Downgrades
Separately, StockNews.com initiated coverage on Sandy Spring Bancorp in a report on Sunday. They set a "sell" rating for the company. One research analyst has rated the stock with a sell rating and four have given a hold rating to the company's stock. According to MarketBeat.com, the stock presently has a consensus rating of "Hold" and a consensus price target of $28.25.
Get Our Latest Analysis on Sandy Spring Bancorp
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.
Further Reading
Before you consider Sandy Spring Bancorp, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Sandy Spring Bancorp wasn't on the list.
While Sandy Spring Bancorp currently has a "Hold" rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Looking to avoid the hassle of mudslinging, volatility, and uncertainty? You'd need to be out of the market, which isn’t viable. So where should investors put their money? Find out with this report.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
