Sandy Spring Bancorp Stock Rating Upgraded by Bank of America (SASR)
Sandy Spring Bancorp (NASDAQ:SASR) was upgraded by equities research analysts at Bank of America from a “neutral” rating to an “outperform” rating in a research note issued to investors on Friday. The firm currently has a $27.00 price objective on the stock. Bank of America’s price target points to a potential upside of 16.78% from the stock’s previous close.
Several other analysts have also recently commented on the stock. Analysts at Raymond James upgraded shares of Sandy Spring Bancorp from a “market perform” rating to an “outperform” rating in a research note on Friday. They now have a $27.00 price target on the stock. Separately, analysts at Robert W. Baird upgraded shares of Sandy Spring Bancorp from a “neutral” rating to an “outperform” rating in a research note on Friday. They now have a $27.00 price target on the stock. Finally, analysts at SunTrust reiterated a “neutral” rating on shares of Sandy Spring Bancorp in a research note on Wednesday, April 23rd. They now have a $26.00 price target on the stock. Three investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and an average price target of $26.17.
Sandy Spring Bancorp (NASDAQ:SASR) opened at 22.68 on Friday. Sandy Spring Bancorp has a 52-week low of $22.16 and a 52-week high of $29.45. The stock has a 50-day moving average of $24.31 and a 200-day moving average of $24.68. The company has a market cap of $568.3 million and a price-to-earnings ratio of 13.17.
Sandy Spring Bancorp (NASDAQ:SASR) last released its earnings data on Thursday, July 17th. The company reported $0.28 EPS for the quarter, missing the Thomson Reuters consensus estimate of $0.39 by $0.11. During the same quarter in the prior year, the company posted $0.49 earnings per share. On average, analysts predict that Sandy Spring Bancorp will post $1.66 earnings per share for the current fiscal year.
Sandy Spring Bancorp, Inc is a holding company for Sandy Spring Bank (NASDAQ:SASR).
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.