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

StockNews.com began coverage on shares of Sandy Spring Bancorp (NASDAQ:SASR) in a research report report published on Tuesday. The firm issued a sell rating on the bank’s stock.

Sandy Spring Bancorp Stock Up 1.0 %

Shares of NASDAQ SASR opened at $27.87 on Tuesday. The stock has a market capitalization of $1.26 billion, a P/E ratio of 61.93 and a beta of 0.96. Sandy Spring Bancorp has a one year low of $19.52 and a one year high of $39.55. The firm’s 50 day simple moving average is $31.51 and its two-hundred day simple moving average is $33.30. The company has a debt-to-equity ratio of 0.50, a current ratio of 1.02 and a quick ratio of 1.02.

Sandy Spring Bancorp (NASDAQ:SASR) last released its earnings results on Tuesday, January 28th. The bank reported $0.47 EPS for the quarter, missing the consensus estimate of $0.48 by ($0.01). Sandy Spring Bancorp had a net margin of 2.65% and a return on equity of 5.31%. As a group, analysts expect that Sandy Spring Bancorp will post 2.48 EPS for the current fiscal year.

Sandy Spring Bancorp Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, February 19th. Investors of record on Wednesday, February 12th were given a dividend of $0.34 per share. The ex-dividend date of this dividend was Wednesday, February 12th. This represents a $1.36 annualized dividend and a yield of 4.88%. Sandy Spring Bancorp’s payout ratio is 302.22%.

Institutional Trading of Sandy Spring Bancorp

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. LPL Financial LLC grew its holdings in shares of Sandy Spring Bancorp by 1.8% in the fourth quarter. LPL Financial LLC now owns 16,987 shares of the bank’s stock worth $573,000 after purchasing an additional 297 shares during the last quarter. Tritonpoint Wealth LLC lifted its position in shares of Sandy Spring Bancorp by 1.5% in the 4th quarter. Tritonpoint Wealth LLC now owns 20,119 shares of the bank’s stock worth $678,000 after purchasing an additional 302 shares during the period. Cerity Partners LLC boosted its position in Sandy Spring Bancorp by 1.4% during the 4th quarter. Cerity Partners LLC now owns 26,583 shares of the bank’s stock valued at $895,000 after acquiring an additional 374 shares in the last quarter. Tidal Investments LLC boosted its position in shares of Sandy Spring Bancorp by 1.5% during the fourth quarter. Tidal Investments LLC now owns 27,940 shares of the bank’s stock valued at $942,000 after purchasing an additional 409 shares in the last quarter. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its position in shares of Sandy Spring Bancorp by 3.6% in the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 24,986 shares of the bank’s stock worth $842,000 after buying an additional 874 shares during the period. 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.