1 week Ago By ABMN Staff
Norges Bank bought a new position in shares of Sandy Spring Bancorp, Inc. ( NASDAQ:SASR – Free Report ) in the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor bought 116,314 shares of the bank’s stock, valued at approximately $3,921,000.
Other hedge funds and other institutional investors have also recently modified their holdings of the company. Vestcor Inc acquired a new position in shares of Sandy Spring Bancorp during the fourth quarter worth about $37,000. Family Firm Inc.
bought a new stake in Sandy Spring Bancorp in the 4th quarter valued at approximately $204,000. Commonwealth of Pennsylvania Public School Empls Retrmt SYS acquired a new position in Sandy Spring Bancorp during the 4th quarter worth approximately $228,000. Stifel Financial Corp bought a new position in shares of Sandy Spring Bancorp during the 3rd quarter worth approximately $217,000.
Finally, Heritage Investors Management Corp acquired a new stake in shares of Sandy Spring Bancorp in the fourth quarter valued at approximately $281,000. Institutional investors and hedge funds own 66.90% of the company’s stock.
Sandy Spring Bancorp Stock Performance SASR opened at $27.87 on Friday. The business’s 50-day simple moving average is $30.
51 and its 200 day simple moving average is $32.99. Sandy Spring Bancorp, Inc.
has a 52-week low of $19.52 and a 52-week high of $39.55.
The company has a debt-to-equity ratio of 0.50, a quick ratio of 1.02 and a current ratio of 1.
02. The firm has a market capitalization of $1.26 billion, a PE ratio of 61.
93 and a beta of 0.96. Sandy Spring Bancorp Announces Dividend The company also recently disclosed a quarterly dividend, which was paid on Wednesday, February 19th.
Stockholders of record on Wednesday, February 12th were given a $0.34 dividend. This represents a $1.
36 dividend on an annualized basis and a dividend yield of 4.88%. The ex-dividend date of this dividend was Wednesday, February 12th.
Sandy Spring Bancorp’s dividend payout ratio (DPR) is presently 302.22%. Analyst Ratings Changes Separately, StockNews.
com initiated coverage on shares of Sandy Spring Bancorp in a report on Wednesday. They set a “sell” rating for the company. Read Our Latest Report on Sandy Spring Bancorp About Sandy Spring Bancorp ( Free Report ) 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. Further Reading Want to see what other hedge funds are holding SASR? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Sandy Spring Bancorp, Inc.
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