What is DA Davidson’s Forecast for SASR Q1 Earnings?

Sandy Spring Bancorp, Inc. (NASDAQ:SASR) – Investment analysts at DA Davidson issued their Q1 2025 earnings per share (EPS) estimates for Sandy Spring Bancorp in a report released on Monday, February 10th. DA Davidson analyst M. Navas anticipates 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 started coverage on shares of Sandy Spring Bancorp in a report on Tuesday, February 4th. They set a “sell” rating on the stock. One equities research analyst has rated the stock with a sell rating and four have assigned a hold rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $28.25.

Sandy Spring Bancorp Trading Up 1.5 %

Shares of Sandy Spring Bancorp stock opened at $34.82 on Tuesday. The company’s 50-day moving average price is $34.23 and its 200-day moving average price is $33.16. The company has a current ratio of 1.02, a quick ratio of 1.02 and a debt-to-equity ratio of 0.50. Sandy Spring Bancorp has a 12-month low of $19.52 and a 12-month high of $39.55. The company has a market cap of $1.57 billion, a price-to-earnings ratio of 77.38 and a beta of 0.97.

Sandy Spring Bancorp (NASDAQ:SASR) last issued 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 return on equity of 5.31% and a net margin of 2.65%.

Sandy Spring Bancorp Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, February 19th. Stockholders of record on Wednesday, February 12th will be given a dividend of $0.34 per share. The ex-dividend date is Wednesday, February 12th. This represents a $1.36 dividend on an annualized basis and a dividend yield of 3.91%. Sandy Spring Bancorp’s dividend payout ratio (DPR) is presently 302.23%.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the stock. Magnetar Financial LLC bought a new position in shares of Sandy Spring Bancorp during the 4th quarter valued at about $21,212,000. Franklin Resources Inc. grew its holdings in shares of Sandy Spring Bancorp by 93.9% during the 3rd quarter. Franklin Resources Inc. now owns 1,271,498 shares of the bank’s stock valued at $41,235,000 after purchasing an additional 615,591 shares during the last quarter. Basswood Capital Management L.L.C. raised its position in Sandy Spring Bancorp by 2,164.4% in the 3rd quarter. Basswood Capital Management L.L.C. now owns 468,891 shares of the bank’s stock worth $14,709,000 after purchasing an additional 448,184 shares during the period. Verition Fund Management LLC bought a new stake in Sandy Spring Bancorp in the third quarter worth $7,438,000. Finally, Stieven Capital Advisors L.P. increased its holdings in shares of Sandy Spring Bancorp by 133.6% in the fourth quarter. Stieven Capital Advisors L.P. now owns 365,391 shares of the bank’s stock worth $12,317,000 after buying an additional 209,000 shares during the period. 66.90% of the stock is currently owned by institutional investors.

Sandy Spring Bancorp Company 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.