Sandy Spring Bancorp (NASDAQ: SASR) has recently received a number of price target changes and ratings updates:

  • 9/9/2017 – Sandy Spring Bancorp was upgraded by analysts at Zacks Investment Research from a “hold” rating to a “buy” rating. They now have a $41.00 price target on the stock. According to Zacks, “SANDY SPRING is a bank holding company for Sandy Spring National Bank of Maryland. The bank is community oriented, and conducts a full-service commercial banking business through community offices located in Montgomery, Howard, Prince George’s and Anne Arundel counties in Maryland. “
  • 9/8/2017 – Sandy Spring Bancorp was downgraded by analysts at Zacks Investment Research from a “buy” rating to a “hold” rating. According to Zacks, “SANDY SPRING is a bank holding company for Sandy Spring National Bank of Maryland. The bank is community oriented, and conducts a full-service commercial banking business through community offices located in Montgomery, Howard, Prince George’s and Anne Arundel counties in Maryland. “
  • 9/7/2017 – Sandy Spring Bancorp was downgraded by analysts at ValuEngine from a “buy” rating to a “hold” rating.
  • 8/26/2017 – Sandy Spring Bancorp was upgraded by analysts at BidaskClub from a “sell” rating to a “hold” rating.
  • 8/18/2017 – Sandy Spring Bancorp was downgraded by analysts at BidaskClub from a “hold” rating to a “sell” rating.
  • 7/25/2017 – Sandy Spring Bancorp was upgraded by analysts at Zacks Investment Research from a “hold” rating to a “buy” rating. They now have a $45.00 price target on the stock. According to Zacks, “SANDY SPRING is a bank holding company for Sandy Spring National Bank of Maryland. The bank is community oriented, and conducts a full-service commercial banking business through community offices located in Montgomery, Howard, Prince George’s and Anne Arundel counties in Maryland. “
  • 7/19/2017 – Sandy Spring Bancorp was downgraded by analysts at Zacks Investment Research from a “strong-buy” rating to a “hold” rating. According to Zacks, “SANDY SPRING is a bank holding company for Sandy Spring National Bank of Maryland. The bank is community oriented, and conducts a full-service commercial banking business through community offices located in Montgomery, Howard, Prince George’s and Anne Arundel counties in Maryland. “

Sandy Spring Bancorp, Inc. (NASDAQ SASR) opened at 38.44 on Friday. The stock’s 50 day moving average is $38.64 and its 200 day moving average is $40.38. Sandy Spring Bancorp, Inc. has a 52-week low of $27.86 and a 52-week high of $45.64. The company has a market cap of $922.06 million, a price-to-earnings ratio of 16.46 and a beta of 1.02.

Sandy Spring Bancorp (NASDAQ:SASR) last released its quarterly earnings results on Thursday, July 20th. The bank reported $0.61 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.58 by $0.03. Sandy Spring Bancorp had a return on equity of 10.44% and a net margin of 24.33%. The business had revenue of $55.90 million during the quarter, compared to analysts’ expectations of $55.53 million. During the same period in the previous year, the business posted $0.44 earnings per share. Equities research analysts forecast that Sandy Spring Bancorp, Inc. will post $2.51 earnings per share for the current year.

The firm also recently declared a quarterly dividend, which was paid on Wednesday, August 16th. Investors of record on Wednesday, August 9th were issued a $0.26 dividend. The ex-dividend date was Monday, August 7th. This represents a $1.04 dividend on an annualized basis and a dividend yield of 2.71%. Sandy Spring Bancorp’s dividend payout ratio is 44.26%.

Sandy Spring Bancorp, Inc is the bank holding company for Sandy Spring Bank (the Bank). The Company operates through three segments: Community Banking, Insurance and Investment Management. The Company’s Community Banking segment operates through Sandy Spring Bank and involves delivering a range of financial products and services, including various loan and deposit products to both individuals and businesses.

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