Sandy Spring Bancorp Coverage Initiated at Keefe, Bruyette & Woods (SASR)
Analysts at Keefe, Bruyette & Woods assumed coverage on shares of Sandy Spring Bancorp (NASDAQ:SASR) in a research report issued to clients and investors on Tuesday, Analyst Ratings Net reports. The firm set a “market perform” rating on the stock.
Separately, analysts at Janney Montgomery Scott cut their price target on shares of Sandy Spring Bancorp from $26.00 to $25.00 in a research note to investors on Thursday, October 3rd. They now have a “neutral” rating on the stock.
Shares of Sandy Spring Bancorp (NASDAQ:SASR) opened at 24.55 on Tuesday. Sandy Spring Bancorp has a one year low of $16.75 and a one year high of $26.82. The stock has a 50-day moving average of $23.18 and a 200-day moving average of $22.35. The company has a market cap of $613.2 million and a price-to-earnings ratio of 14.14.
Sandy Spring Bancorp (NASDAQ:SASR) last announced its earnings results on Thursday, July 18th. The company reported $0.49 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.39 by $0.10. During the same quarter last year, the company posted $0.30 earnings per share. Analysts expect that Sandy Spring Bancorp will post $1.75 EPS for the current fiscal year.
Sandy Spring Bancorp, Inc is a holding company for Sandy Spring Bank (NASDAQ:SASR).
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