Sandy Spring Bancorp (NASDAQ:SASR) Now Covered by StockNews.com

StockNews.com initiated coverage on shares of Sandy Spring Bancorp (NASDAQ:SASR) in a research note issued to investors on Monday. The brokerage set a “sell” rating on the bank’s stock.

Sandy Spring Bancorp Stock Performance

Sandy Spring Bancorp stock opened at $28.82 on Monday. The company has a quick ratio of 1.02, a current ratio of 1.02 and a debt-to-equity ratio of 0.50. The company has a market capitalization of $1.30 billion, a P/E ratio of 64.05 and a beta of 0.96. The stock’s 50 day moving average is $32.23 and its 200 day moving average is $33.44. Sandy Spring Bancorp has a twelve month low of $19.52 and a twelve month high of $39.55.

Sandy Spring Bancorp (NASDAQ:SASR) last posted its quarterly earnings results on Tuesday, January 28th. The bank reported $0.47 earnings per share for the quarter, missing the consensus estimate of $0.48 by ($0.01). Sandy Spring Bancorp had a return on equity of 5.31% and a net margin of 2.65%. On average, equities research analysts predict that Sandy Spring Bancorp will post 2.48 earnings per share for the current fiscal year.

Institutional Trading of Sandy Spring Bancorp

Institutional investors have recently added to or reduced their stakes in the business. Vestcor Inc purchased a new stake in Sandy Spring Bancorp during the 4th quarter valued at $37,000. Sterling Capital Management LLC boosted its stake in Sandy Spring Bancorp by 826.3% during the 4th quarter. Sterling Capital Management LLC now owns 1,408 shares of the bank’s stock valued at $47,000 after purchasing an additional 1,256 shares during the last quarter. Family Firm Inc. purchased a new stake in Sandy Spring Bancorp during the 4th quarter valued at $204,000. Stifel Financial Corp purchased a new position in shares of Sandy Spring Bancorp in the 3rd quarter worth $217,000. Finally, Commonwealth of Pennsylvania Public School Empls Retrmt SYS purchased a new position in shares of Sandy Spring Bancorp in the 4th quarter worth $228,000. 66.90% of the stock is currently owned by hedge funds and other 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.