Research Analysts Offer Predictions for SASR FY2025 Earnings

Sandy Spring Bancorp, Inc. (NASDAQ:SASR) – Investment analysts at DA Davidson lowered their FY2025 EPS estimates for shares of Sandy Spring Bancorp in a research note issued on Wednesday, October 23rd. DA Davidson analyst M. Navas now expects that the bank will post earnings of $2.65 per share for the year, down from their prior forecast of $2.80. DA Davidson currently has a “Neutral” rating and a $33.00 target price on the stock. The consensus estimate for Sandy Spring Bancorp’s current full-year earnings is $1.93 per share.

Other research analysts also recently issued research reports about the stock. StockNews.com downgraded shares of Sandy Spring Bancorp from a “hold” rating to a “sell” rating in a report on Tuesday, August 27th. Keefe, Bruyette & Woods upped their target price on shares of Sandy Spring Bancorp from $25.00 to $30.00 and gave the stock a “market perform” rating in a report on Thursday, July 25th. One equities research analyst has rated the stock with a sell rating and five have assigned a hold rating to the stock. According to data from MarketBeat, the company has an average rating of “Hold” and an average target price of $27.00.

Sandy Spring Bancorp Trading Down 0.6 %

Shares of SASR stock opened at $32.42 on Friday. Sandy Spring Bancorp has a 1 year low of $19.27 and a 1 year high of $34.19. The firm has a fifty day moving average price of $31.52 and a 200-day moving average price of $26.85. The company has a debt-to-equity ratio of 0.54, a current ratio of 1.03 and a quick ratio of 1.02. The company has a market cap of $1.46 billion, a price-to-earnings ratio of 15.89 and a beta of 0.95.

Sandy Spring Bancorp (NASDAQ:SASR) last issued its quarterly earnings data on Monday, October 21st. The bank reported $0.40 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.46 by ($0.06). Sandy Spring Bancorp had a net margin of 11.54% and a return on equity of 5.74%. The business had revenue of $189.81 million for the quarter, compared to the consensus estimate of $101.60 million. During the same period in the previous year, the firm earned $0.62 EPS.

Sandy Spring Bancorp Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, August 21st. Shareholders of record on Wednesday, August 14th were issued a dividend of $0.34 per share. This represents a $1.36 annualized dividend and a dividend yield of 4.19%. The ex-dividend date was Wednesday, August 14th. Sandy Spring Bancorp’s dividend payout ratio (DPR) is presently 66.67%.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in SASR. Victory Capital Management Inc. boosted its holdings in shares of Sandy Spring Bancorp by 1,199.7% during the 2nd quarter. Victory Capital Management Inc. now owns 694,867 shares of the bank’s stock valued at $16,927,000 after purchasing an additional 641,402 shares during the last quarter. Elizabeth Park Capital Advisors Ltd. bought a new position in shares of Sandy Spring Bancorp during the 2nd quarter valued at about $4,778,000. Great Lakes Advisors LLC boosted its holdings in shares of Sandy Spring Bancorp by 432.5% during the 2nd quarter. Great Lakes Advisors LLC now owns 192,533 shares of the bank’s stock valued at $4,690,000 after purchasing an additional 156,377 shares during the last quarter. American Century Companies Inc. boosted its holdings in shares of Sandy Spring Bancorp by 18.5% during the 2nd quarter. American Century Companies Inc. now owns 775,252 shares of the bank’s stock valued at $18,885,000 after purchasing an additional 120,996 shares during the last quarter. Finally, Dimensional Fund Advisors LP raised its position in shares of Sandy Spring Bancorp by 4.6% during the 2nd quarter. Dimensional Fund Advisors LP now owns 2,470,621 shares of the bank’s stock valued at $60,182,000 after buying an additional 108,703 shares in the last quarter. Institutional investors own 66.90% of the company’s stock.

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.