Sandy Spring Bancorp Price Target Cut to $25.00 by Analysts at Janney Montgomery Scott (SASR)
Analysts at Janney Montgomery Scott lowered their target price on shares of Sandy Spring Bancorp (NASDAQ:SASR) from $26.00 to $25.00 in a research report issued to clients and investors on Thursday, Stock Ratings Network.com reports. The firm currently has a “neutral” rating on the stock. Janney Montgomery Scott’s price target suggests a potential upside of 7.71% from the company’s current price.
Sandy Spring Bancorp (NASDAQ:SASR) traded down 0.04% on Thursday, hitting $23.21. The stock had a trading volume of 39,280 shares. Sandy Spring Bancorp has a 52 week low of $16.75 and a 52 week high of $26.82. The stock has a 50-day moving average of $23.26 and a 200-day moving average of $22.14. The company has a market cap of $579.7 million and a P/E ratio of 13.38.
Sandy Spring Bancorp (NASDAQ:SASR) last announced its earnings results on Thursday, July 18th. The company reported $0.49 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.39 by $0.10. During the same quarter in the previous year, the company posted $0.30 earnings per share. On average, analysts predict that Sandy Spring Bancorp will post $1.75 earnings per share for the current fiscal year.
Sandy Spring Bancorp, Inc is a holding company for Sandy Spring Bank (NASDAQ:SASR).
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