What is DA Davidson’s Estimate for SASR FY2025 Earnings?

Sandy Spring Bancorp, Inc. (NASDAQ:SASR) – Stock analysts at DA Davidson reduced their FY2025 earnings estimates for Sandy Spring Bancorp in a research note issued on Thursday, December 19th. DA Davidson analyst M. Navas now forecasts that the bank will earn $2.50 per share for the year, down from their previous estimate of $2.65. The consensus estimate for Sandy Spring Bancorp’s current full-year earnings is $1.85 per share.

Separately, StockNews.com began coverage on Sandy Spring Bancorp in a research report on Wednesday. They set a “sell” rating for the company. One analyst has rated the stock with a sell rating and four have issued a hold rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $28.25.

Sandy Spring Bancorp Trading Up 2.3 %

Shares of NASDAQ:SASR opened at $34.00 on Friday. The business’s 50 day simple moving average is $35.73 and its 200 day simple moving average is $30.88. Sandy Spring Bancorp has a 1 year low of $19.52 and a 1 year high of $39.55. The company has a debt-to-equity ratio of 0.50, a current ratio of 1.02 and a quick ratio of 1.02. The company has a market capitalization of $1.54 billion, a P/E ratio of 17.89 and a beta of 0.96.

Sandy Spring Bancorp (NASDAQ:SASR) last announced its earnings results 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 return on equity of 5.71% and a net margin of 11.54%. The business had revenue of $189.81 million for the quarter, compared to analyst estimates of $101.60 million. During the same quarter in the previous year, the company earned $0.62 EPS.

Sandy Spring Bancorp Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, November 21st. Shareholders of record on Thursday, November 14th were given a dividend of $0.34 per share. The ex-dividend date was Thursday, November 14th. This represents a $1.36 annualized dividend and a yield of 4.00%. Sandy Spring Bancorp’s dividend payout ratio is currently 71.58%.

Hedge Funds Weigh In On Sandy Spring Bancorp

A number of institutional investors have recently modified their holdings of SASR. Dimensional Fund Advisors LP grew its position in Sandy Spring Bancorp by 4.6% in the second quarter. Dimensional Fund Advisors LP now owns 2,470,621 shares of the bank’s stock valued at $60,182,000 after acquiring an additional 108,703 shares during the last quarter. Franklin Resources Inc. boosted its stake 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 purchasing an additional 615,591 shares in the last quarter. Geode Capital Management LLC grew its holdings in shares of Sandy Spring Bancorp by 3.4% during the 3rd quarter. Geode Capital Management LLC now owns 1,072,619 shares of the bank’s stock valued at $33,654,000 after purchasing an additional 35,271 shares during the last quarter. Systematic Financial Management LP grew its holdings in shares of Sandy Spring Bancorp by 13.4% during the 3rd quarter. Systematic Financial Management LP now owns 1,025,227 shares of the bank’s stock valued at $32,161,000 after purchasing an additional 120,793 shares during the last quarter. Finally, 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 worth $25,707,000 after purchasing an additional 121,574 shares in the last quarter. Institutional investors and hedge funds 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.