Q1 Earnings Estimate for SASR Issued By DA Davidson

Sandy Spring Bancorp, Inc. (NASDAQ:SASR - Free Report) - Stock analysts at DA Davidson issued their Q1 2025 earnings per share (EPS) estimates for shares of Sandy Spring Bancorp in a research note issued on Monday, February 10th. DA Davidson analyst M. Navas expects that the bank will post earnings per share of $0.52 for the quarter. The consensus estimate for Sandy Spring Bancorp's current full-year earnings is $2.51 per share. DA Davidson also issued estimates for Sandy Spring Bancorp's FY2025 earnings at $2.45 EPS and FY2026 earnings at $3.20 EPS.

Separately, StockNews.com assumed coverage on Sandy Spring Bancorp in a research report on Wednesday. They issued 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. According to data from MarketBeat, the company currently has an average rating of "Hold" and a consensus price target of $28.25.

Sandy Spring Bancorp Stock Down 0.3 %

Shares of NASDAQ:SASR traded down $0.11 during midday trading on Tuesday, reaching $33.67. The company had a trading volume of 114,269 shares, compared to its average volume of 246,034. 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 business's 50 day moving average price is $34.07 and its 200 day moving average price is $33.17. The stock has a market cap of $1.52 billion, a PE ratio of 74.81 and a beta of 0.97. Sandy Spring Bancorp has a 1-year low of $19.52 and a 1-year high of $39.55.

Sandy Spring Bancorp (NASDAQ:SASR - Get Free Report) last released 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%.

Institutional Trading of Sandy Spring Bancorp

Hedge funds and other institutional investors have recently modified their holdings of the stock. The Manufacturers Life Insurance Company lifted its position in Sandy Spring Bancorp by 8.2% during the second quarter. The Manufacturers Life Insurance Company now owns 23,438 shares of the bank's stock worth $571,000 after acquiring an additional 1,774 shares during the last quarter. Truist Financial Corp lifted its holdings in Sandy Spring Bancorp by 2.6% during the 2nd quarter. Truist Financial Corp now owns 43,713 shares of the bank's stock worth $1,065,000 after purchasing an additional 1,104 shares during the last quarter. SG Americas Securities LLC bought a new stake in Sandy Spring Bancorp in the 3rd quarter valued at $170,000. CWM LLC grew its holdings in Sandy Spring Bancorp by 27.4% in the 3rd quarter. CWM LLC now owns 7,086 shares of the bank's stock valued at $222,000 after buying an additional 1,525 shares in the last quarter. Finally, Creative Planning grew its holdings in Sandy Spring Bancorp by 11.9% in the 3rd quarter. Creative Planning now owns 66,208 shares of the bank's stock valued at $2,077,000 after buying an additional 7,024 shares in the last quarter. Institutional investors own 66.90% of the company's stock.

Sandy Spring Bancorp Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, February 19th. Shareholders of record on Wednesday, February 12th will be given a dividend of $0.34 per share. This represents a $1.36 dividend on an annualized basis and a yield of 4.04%. The ex-dividend date of this dividend is Wednesday, February 12th. Sandy Spring Bancorp's dividend payout ratio (DPR) is presently 302.23%.

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.