Sandy Spring Bancorp Upgraded to Outperform by Robert W. Baird (SASR)
Sandy Spring Bancorp (NASDAQ:SASR) was upgraded by stock analysts at Robert W. Baird from a “neutral” rating to an “outperform” rating in a report issued on Friday, TheFlyOnTheWall.com reports. The firm currently has a $27.00 target price on the stock. Robert W. Baird’s target price suggests a potential upside of 11.57% from the company’s current price. The analysts noted that the move was a valuation call.
Separately, 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 three have issued a buy rating to the stock. Sandy Spring Bancorp currently has an average rating of “Buy” and an average target price of $26.17.
Shares of Sandy Spring Bancorp (NASDAQ:SASR) traded up 6.17% on Friday, hitting $24.08. The stock had a trading volume of 110,201 shares. Sandy Spring Bancorp has a 52 week low of $22.16 and a 52 week 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 $603.4 million and a price-to-earnings ratio of 12.74.
Sandy Spring Bancorp (NASDAQ:SASR) last posted its quarterly earnings results on Thursday, July 17th. The company reported $0.28 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.39 by $0.11. During the same quarter in the previous year, the company posted $0.49 earnings per share. Analysts expect that Sandy Spring Bancorp will post $1.66 EPS for the current fiscal year.
Sandy Spring Bancorp, Inc is a holding company for Sandy Spring Bank (NASDAQ:SASR).
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