32,500 Shares in Sandy Spring Bancorp, Inc. (NASDAQ:SASR) Purchased by Skandinaviska Enskilda Banken AB publ

Skandinaviska Enskilda Banken AB publ purchased a new stake in Sandy Spring Bancorp, Inc. (NASDAQ:SASR - Free Report) in the fourth quarter, according to its most recent filing with the SEC. The fund purchased 32,500 shares of the bank's stock, valued at approximately $1,094,000. Skandinaviska Enskilda Banken AB publ owned about 0.07% of Sandy Spring Bancorp at the end of the most recent quarter.

Several other institutional investors and hedge funds have also made changes to their positions in the company. JPMorgan Chase & Co. increased its stake in Sandy Spring Bancorp by 96.9% during the third quarter. JPMorgan Chase & Co. now owns 70,599 shares of the bank's stock valued at $2,215,000 after purchasing an additional 34,735 shares during the last quarter. Massachusetts Financial Services Co. MA boosted its holdings in shares of Sandy Spring Bancorp by 10.3% in the 3rd quarter. Massachusetts Financial Services Co. MA now owns 807,940 shares of the bank's stock valued at $25,345,000 after buying an additional 75,596 shares during the period. Evermay Wealth Management LLC grew its position in shares of Sandy Spring Bancorp by 1,296.9% during the 4th quarter. Evermay Wealth Management LLC now owns 12,572 shares of the bank's stock valued at $424,000 after buying an additional 11,672 shares during the last quarter. Geode Capital Management LLC grew its position in shares of Sandy Spring Bancorp by 3.4% during the 3rd quarter. Geode Capital Management LLC now owns 1,072,619 shares of the bank's stock valued at $33,654,000 after buying an additional 35,271 shares during the last quarter. Finally, New York Life Investment Management LLC acquired a new stake in Sandy Spring Bancorp during the fourth quarter worth about $2,989,000. 66.90% of the stock is owned by institutional investors and hedge funds.

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Sandy Spring Bancorp Stock Performance

Shares of Sandy Spring Bancorp stock traded down $0.23 during trading on Friday, hitting $28.82. 559,598 shares of the stock were exchanged, compared to its average volume of 317,480. The company has a debt-to-equity ratio of 0.50, a quick ratio of 1.02 and a current ratio of 1.02. Sandy Spring Bancorp, Inc. has a 12 month low of $19.52 and a 12 month high of $39.55. The stock's fifty day moving average is $32.27 and its 200 day moving average is $33.42. The stock has a market cap of $1.30 billion, a PE ratio of 64.05 and a beta of 0.96.

Sandy Spring Bancorp (NASDAQ:SASR - Get Free Report) last posted its earnings results on Tuesday, January 28th. The bank reported $0.47 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.48 by ($0.01). Sandy Spring Bancorp had a net margin of 2.65% and a return on equity of 5.31%. As a group, sell-side analysts anticipate that Sandy Spring Bancorp, Inc. will post 2.48 EPS for the current year.

Sandy Spring Bancorp Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, February 19th. Investors of record on Wednesday, February 12th were issued a $0.34 dividend. This represents a $1.36 dividend on an annualized basis and a yield of 4.72%. The ex-dividend date of this dividend was Wednesday, February 12th. Sandy Spring Bancorp's dividend payout ratio (DPR) is 302.22%.

Analysts Set New Price Targets

Separately, StockNews.com assumed coverage on Sandy Spring Bancorp in a report on Sunday, March 16th. They set a "sell" rating for the company.

Sandy Spring Bancorp 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.