3 days Ago By ABMN Staff
Shares of Sandy Spring Bancorp, Inc. ( NASDAQ:SASR – Get Free Report ) have earned an average recommendation of “Hold” from the five ratings firms that are currently covering the stock, Marketbeat Ratings reports. Five equities research analysts have rated the stock with a hold rating.
The average 1-year price objective among analysts that have issued a report on the stock in the last year is $27.00. Several research analysts have issued reports on SASR shares.
DA Davidson raised their price target on shares of Sandy Spring Bancorp from $23.00 to $33.00 and gave the stock a “neutral” rating in a report on Thursday, July 25th.
StockNews.com lowered shares of Sandy Spring Bancorp from a “hold” rating to a “sell” rating in a report on Tuesday, August 27th. Finally, Keefe, Bruyette & Woods upped their price target on shares of Sandy Spring Bancorp from $25.
00 to $30.00 and gave the company a “market perform” rating in a research report on Thursday, July 25th. Check Out Our Latest Report on SASR Institutional Inflows and Outflows Sandy Spring Bancorp Stock Up 2.
4 % Shares of NASDAQ:SASR opened at $32.14 on Friday. The firm has a market cap of $1.
45 billion, a P/E ratio of 15.75 and a beta of 0.96.
Sandy Spring Bancorp has a 12-month low of $19.27 and a 12-month high of $32.38.
The business has a fifty day simple moving average of $29.48 and a 200 day simple moving average of $24.79.
The company has a quick ratio of 1.02, a current ratio of 1.03 and a debt-to-equity ratio of 0.
54. Sandy Spring Bancorp ( NASDAQ:SASR – Get Free Report ) last issued its quarterly earnings data on Tuesday, July 23rd. The bank reported $0.
51 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.43 by $0.08.
The company had revenue of $184.70 million during the quarter, compared to the consensus estimate of $99.60 million.
Sandy Spring Bancorp had a return on equity of 6.41% and a net margin of 12.31%.
During the same period last year, the company earned $0.60 earnings per share. Analysts predict that Sandy Spring Bancorp will post 1.
93 earnings per share for the current year. Sandy Spring Bancorp Announces Dividend The business also recently disclosed a quarterly dividend, which was paid on Wednesday, August 21st. Stockholders of record on Wednesday, August 14th were paid a $0.
34 dividend. The ex-dividend date of this dividend was Wednesday, August 14th. This represents a $1.
36 annualized dividend and a dividend yield of 4.23%. Sandy Spring Bancorp’s dividend payout ratio is currently 66.
67%. About Sandy Spring Bancorp ( Get 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.
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