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Sandy Spring Bancorp (NASDAQ:SASR) was upgraded by research analysts at Raymond James to an “outperform” rating in a report released on Friday.

Sandy Spring Bancorp (NASDAQ:SASR) opened at 22.68 on Friday. Sandy Spring Bancorp has a 1-year low of $22.16 and a 1-year high of $29.45. The stock’s 50-day moving average is $24.31 and its 200-day moving average is $24.68. The company has a market cap of $568.3 million and a P/E ratio of 13.17.

Sandy Spring Bancorp (NASDAQ:SASR) last issued its quarterly earnings data on Thursday, July 17th. The company reported $0.28 earnings per share for the quarter, missing the analysts’ consensus estimate of $0.39 by $0.11. During the same quarter last 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.

A number of other analysts have also recently weighed in on SASR. 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. 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 research analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. Sandy Spring Bancorp currently has an average rating of “Hold” and an average price target of $25.75.

Sandy Spring Bancorp, Inc is a holding company for Sandy Spring Bank (NASDAQ:SASR).

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