Versor Investments LP Takes Position in Sandy Spring Bancorp, Inc. (NASDAQ:SASR)

Versor Investments LP acquired a new position in Sandy Spring Bancorp, Inc. (NASDAQ:SASR - Free Report) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 49,786 shares of the bank's stock, valued at approximately $1,678,000. Versor Investments LP owned about 0.11% of Sandy Spring Bancorp as of its most recent SEC filing.

Other institutional investors and hedge funds have also bought and sold shares of the company. Franklin Resources Inc. grew its position in shares of Sandy Spring Bancorp by 93.9% in the 3rd quarter. Franklin Resources Inc. now owns 1,271,498 shares of the bank's stock valued at $41,235,000 after buying an additional 615,591 shares during the last quarter. Geode Capital Management LLC lifted its stake in shares of Sandy Spring Bancorp by 3.4% in the third quarter. Geode Capital Management LLC now owns 1,072,619 shares of the bank's stock worth $33,654,000 after acquiring an additional 35,271 shares during the period. Systematic Financial Management LP boosted its holdings in Sandy Spring Bancorp by 13.4% in the third quarter. Systematic Financial Management LP now owns 1,025,227 shares of the bank's stock valued at $32,161,000 after acquiring an additional 120,793 shares during the last quarter. Wellington Management Group LLP increased its position in Sandy Spring Bancorp by 17.4% during the 3rd quarter. Wellington Management Group LLP now owns 819,475 shares of the bank's stock valued at $25,707,000 after purchasing an additional 121,574 shares during the period. Finally, Massachusetts Financial Services Co. MA raised its holdings in Sandy Spring Bancorp by 10.3% during the 3rd quarter. Massachusetts Financial Services Co. MA now owns 807,940 shares of the bank's stock worth $25,345,000 after purchasing an additional 75,596 shares during the last quarter. 66.90% of the stock is currently owned by institutional investors and hedge funds.

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Sandy Spring Bancorp Trading Down 1.3 %

NASDAQ SASR traded down $0.43 during trading hours on Monday, hitting $31.54. 179,335 shares of the company's stock were exchanged, compared to its average volume of 240,193. Sandy Spring Bancorp, Inc. has a 1-year low of $19.52 and a 1-year high of $39.55. The company has a current ratio of 1.02, a quick ratio of 1.02 and a debt-to-equity ratio of 0.50. The stock has a 50-day simple moving average of $33.32 and a 200 day simple moving average of $33.52. The firm has a market cap of $1.42 billion, a price-to-earnings ratio of 70.09 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 EPS for the quarter, missing the consensus estimate of $0.48 by ($0.01). Sandy Spring Bancorp had a return on equity of 5.31% and a net margin of 2.65%. On average, equities analysts forecast that Sandy Spring Bancorp, Inc. will post 2.48 EPS for the current fiscal year.

Sandy Spring Bancorp Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, February 19th. Stockholders of record on Wednesday, February 12th were given a dividend of $0.34 per share. The ex-dividend date was Wednesday, February 12th. This represents a $1.36 dividend on an annualized basis and a dividend yield of 4.31%. Sandy Spring Bancorp's dividend payout ratio (DPR) is presently 302.22%.

Analyst Upgrades and Downgrades

Separately, StockNews.com began coverage on shares of Sandy Spring Bancorp in a research report on Friday. They set a "sell" rating for the company.

About Sandy Spring Bancorp

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.