Sandy Spring Bancorp, Inc. (SASR) to Release Quarterly Earnings on Wednesday
Sandy Spring Bancorp, Inc. (NASDAQ:SASR) is scheduled to be issuing its quarterly earnings data before the market opens on Wednesday, October 18th. Analysts expect the company to announce earnings of $0.63 per share for the quarter.
Sandy Spring Bancorp (NASDAQ:SASR) last announced its quarterly earnings data on Thursday, July 20th. The bank reported $0.61 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.58 by $0.03. Sandy Spring Bancorp had a net margin of 24.33% and a return on equity of 10.44%. The company had revenue of $55.90 million during the quarter, compared to analysts’ expectations of $55.53 million. During the same quarter in the prior year, the company earned $0.44 EPS. On average, analysts expect Sandy Spring Bancorp to post $2.51 EPS for the current fiscal year and $2.85 EPS for the next fiscal year.
Shares of Sandy Spring Bancorp, Inc. (SASR) opened at 42.70 on Wednesday. The company’s 50-day moving average is $39.59 and its 200 day moving average is $40.15. The stock has a market cap of $1.02 billion, a PE ratio of 18.28 and a beta of 1.02. Sandy Spring Bancorp, Inc. has a 52 week low of $27.86 and a 52 week high of $45.64.
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SASR has been the topic of a number of research analyst reports. Zacks Investment Research lowered shares of Sandy Spring Bancorp from a “buy” rating to a “hold” rating in a report on Tuesday, September 19th. ValuEngine upgraded shares of Sandy Spring Bancorp from a “hold” rating to a “buy” rating in a report on Monday, October 2nd. Finally, BidaskClub lowered shares of Sandy Spring Bancorp from a “hold” rating to a “sell” rating in a report on Friday, August 18th.
About Sandy Spring Bancorp
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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