Analysts at StockNews.com initiated coverage on shares of Sandy Spring Bancorp (NASDAQ:SASR - Get Free Report) in a report issued on Wednesday. The brokerage set a "sell" rating on the bank's stock.
Sandy Spring Bancorp Stock Performance
NASDAQ SASR traded down $0.12 during midday trading on Wednesday, hitting $33.65. The company had a trading volume of 158,704 shares, compared to its average volume of 230,093. The firm has a fifty day simple moving average of $33.99 and a two-hundred day simple moving average of $33.20. Sandy Spring Bancorp has a fifty-two week low of $19.52 and a fifty-two week high of $39.55. 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 cap of $1.52 billion, a price-to-earnings ratio of 74.78 and a beta of 0.97.
Sandy Spring Bancorp (NASDAQ:SASR - Get Free Report) last announced its quarterly earnings data 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%. Equities analysts forecast that Sandy Spring Bancorp will post 2.51 earnings per share for the current fiscal year.
Institutional Inflows and Outflows
Several institutional investors and hedge funds have recently modified their holdings of SASR. LPL Financial LLC lifted its holdings in Sandy Spring Bancorp by 1.8% during the 4th quarter. LPL Financial LLC now owns 16,987 shares of the bank's stock worth $573,000 after buying an additional 297 shares in the last quarter. Tritonpoint Wealth LLC raised its position in shares of Sandy Spring Bancorp by 1.5% during the fourth quarter. Tritonpoint Wealth LLC now owns 20,119 shares of the bank's stock worth $678,000 after acquiring an additional 302 shares during the last quarter. Cerity Partners LLC raised its holdings in Sandy Spring Bancorp by 1.4% during the 4th quarter. Cerity Partners LLC now owns 26,583 shares of the bank's stock worth $895,000 after purchasing an additional 374 shares during the last quarter. First National Trust Co lifted its position in Sandy Spring Bancorp by 5.2% during the 3rd quarter. First National Trust Co now owns 10,050 shares of the bank's stock valued at $315,000 after purchasing an additional 500 shares during the period. Finally, Wealth Enhancement Advisory Services LLC grew its position in shares of Sandy Spring Bancorp by 2.4% during the 3rd quarter. Wealth Enhancement Advisory Services LLC now owns 26,065 shares of the bank's stock worth $818,000 after buying an additional 609 shares during the period. 66.90% of the stock is owned by institutional investors and hedge funds.
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.
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