Sandy Spring Bancorp (SASR) to Release Quarterly Earnings on Tuesday

Sandy Spring Bancorp (NASDAQ:SASR) is expected to be issuing its quarterly earnings data before the market opens on Tuesday, January 28th. Analysts expect the company to announce earnings of $0.48 per share and revenue of $104,143.50 billion for the quarter.

Sandy Spring Bancorp Price Performance

SASR stock opened at $32.75 on Friday. 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 $1.48 billion, a PE ratio of 17.24 and a beta of 0.98. The stock has a 50-day moving average price of $35.09 and a two-hundred day moving average price of $32.71. 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 Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, November 21st. Shareholders of record on Thursday, November 14th were given a $0.34 dividend. The ex-dividend date was Thursday, November 14th. This represents a $1.36 dividend on an annualized basis and a yield of 4.15%. Sandy Spring Bancorp’s payout ratio is 71.58%.

Wall Street Analyst Weigh In

Separately, StockNews.com assumed coverage on shares of Sandy Spring Bancorp in a research note on Sunday, January 19th. They issued a “sell” rating on the stock. One analyst has rated the stock with a sell rating and four have given a hold rating to the company’s stock. According to MarketBeat.com, Sandy Spring Bancorp currently has a consensus rating of “Hold” and an average target price of $28.25.

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.