Sandy Spring Bancorp, Inc. (NASDAQ:SASR) Given Average Recommendation of “Hold” by Brokerages

Shares of Sandy Spring Bancorp, Inc. (NASDAQ:SASRGet Free Report) have been assigned a consensus recommendation of “Hold” from the four brokerages that are presently covering the stock, Marketbeat reports. Four analysts have rated the stock with a hold recommendation. The average 12 month price objective among analysts that have issued ratings on the stock in the last year is $25.25.

A number of analysts recently weighed in on the stock. Piper Sandler decreased their target price on shares of Sandy Spring Bancorp from $24.00 to $22.00 and set a “neutral” rating on the stock in a report on Monday, October 30th. StockNews.com upgraded Sandy Spring Bancorp from a “sell” rating to a “hold” rating in a research report on Thursday, January 18th. Finally, Stephens cut their price target on shares of Sandy Spring Bancorp from $28.00 to $27.00 and set an “equal weight” rating on the stock in a report on Wednesday, January 24th.

Get Our Latest Analysis on Sandy Spring Bancorp

Institutional Investors Weigh In On Sandy Spring Bancorp

Large investors have recently made changes to their positions in the company. Quadrant Capital Group LLC lifted its position in Sandy Spring Bancorp by 40.6% during the fourth quarter. Quadrant Capital Group LLC now owns 5,521 shares of the bank’s stock valued at $150,000 after purchasing an additional 1,595 shares in the last quarter. Massachusetts Financial Services Co. MA lifted its position in shares of Sandy Spring Bancorp by 0.6% during the 4th quarter. Massachusetts Financial Services Co. MA now owns 854,774 shares of the bank’s stock valued at $23,284,000 after buying an additional 4,855 shares in the last quarter. Dimensional Fund Advisors LP grew its stake in shares of Sandy Spring Bancorp by 2.4% during the 4th quarter. Dimensional Fund Advisors LP now owns 2,240,530 shares of the bank’s stock valued at $61,033,000 after acquiring an additional 52,454 shares during the period. Charles Schwab Investment Management Inc. increased its holdings in Sandy Spring Bancorp by 7.5% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 580,628 shares of the bank’s stock worth $15,816,000 after acquiring an additional 40,374 shares in the last quarter. Finally, M&T Bank Corp bought a new stake in Sandy Spring Bancorp during the 4th quarter worth approximately $257,000. 68.57% of the stock is currently owned by institutional investors.

Sandy Spring Bancorp Price Performance

Shares of SASR opened at $22.70 on Friday. The business has a 50-day moving average of $25.49 and a 200-day moving average of $23.25. The company has a market capitalization of $1.02 billion, a price-to-earnings ratio of 8.32 and a beta of 0.97. The company has a debt-to-equity ratio of 0.79, a current ratio of 1.05 and a quick ratio of 1.05. Sandy Spring Bancorp has a 1 year low of $19.27 and a 1 year high of $34.56.

Sandy Spring Bancorp (NASDAQ:SASRGet Free Report) last announced its quarterly earnings data on Tuesday, January 23rd. The bank reported $0.60 earnings per share for the quarter, beating the consensus estimate of $0.51 by $0.09. The business had revenue of $182.18 million during the quarter, compared to analyst estimates of $101.53 million. Sandy Spring Bancorp had a return on equity of 8.73% and a net margin of 17.43%. During the same period in the prior year, the company earned $0.79 earnings per share. As a group, equities research analysts anticipate that Sandy Spring Bancorp will post 2.36 earnings per share for the current year.

Sandy Spring Bancorp Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, February 21st. Stockholders of record on Wednesday, February 14th will be paid a $0.34 dividend. The ex-dividend date of this dividend is Tuesday, February 13th. This represents a $1.36 annualized dividend and a dividend yield of 5.99%. Sandy Spring Bancorp’s dividend payout ratio is presently 49.82%.

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 Central Maryland, Northern Virginia, and Washington, DC It operates in two segments, Community Banking and Investment Management.

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