Sandy Spring Bancorp (NASDAQ:SASR) has been given a $44.00 target price by equities researchers at Sandler O’Neill in a note issued to investors on Friday. The firm presently has a “hold” rating on the bank’s stock. Sandler O’Neill’s price objective points to a potential upside of 8.64% from the stock’s previous close.

Several other analysts have also commented on the company. Boenning Scattergood reiterated a “hold” rating on shares of Sandy Spring Bancorp in a report on Friday, October 20th. Zacks Investment Research upgraded Sandy Spring Bancorp from a “sell” rating to a “hold” rating in a report on Saturday, December 23rd. ValuEngine upgraded Sandy Spring Bancorp from a “hold” rating to a “buy” rating in a report on Monday, October 2nd. Gabelli initiated coverage on Sandy Spring Bancorp in a report on Monday, January 8th. They set a “buy” rating and a $50.00 price objective for the company. Finally, BidaskClub upgraded Sandy Spring Bancorp from a “sell” rating to a “hold” rating in a report on Wednesday, January 3rd. One analyst has rated the stock with a sell rating, three have assigned a hold rating, two have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus target price of $44.75.

Shares of Sandy Spring Bancorp (NASDAQ:SASR) opened at $40.50 on Friday. Sandy Spring Bancorp has a twelve month low of $36.50 and a twelve month high of $45.64. The company has a current ratio of 1.03, a quick ratio of 1.03 and a debt-to-equity ratio of 1.12. The company has a market capitalization of $971.74, a price-to-earnings ratio of 16.80, a PEG ratio of 0.91 and a beta of 0.99.

Sandy Spring Bancorp (NASDAQ:SASR) last issued its quarterly earnings data on Thursday, October 19th. The bank reported $0.62 EPS for the quarter, missing the consensus estimate of $0.63 by ($0.01). Sandy Spring Bancorp had a net margin of 24.31% and a return on equity of 10.61%. The business had revenue of $55.44 million for the quarter, compared to analysts’ expectations of $58.34 million. During the same quarter in the prior year, the company posted $0.56 EPS. sell-side analysts expect that Sandy Spring Bancorp will post 2.43 earnings per share for the current year.

A number of hedge funds have recently modified their holdings of the stock. Dalton Greiner Hartman Maher & Co. raised its stake in Sandy Spring Bancorp by 6.1% in the 4th quarter. Dalton Greiner Hartman Maher & Co. now owns 648,668 shares of the bank’s stock worth $25,311,000 after acquiring an additional 37,386 shares during the last quarter. Sterling Capital Management LLC purchased a new position in Sandy Spring Bancorp in the 3rd quarter worth $1,154,000. Magnetar Financial LLC purchased a new position in Sandy Spring Bancorp in the 3rd quarter worth $203,000. OxFORD Asset Management LLP raised its stake in Sandy Spring Bancorp by 112.5% in the 3rd quarter. OxFORD Asset Management LLP now owns 45,876 shares of the bank’s stock worth $1,899,000 after acquiring an additional 24,292 shares during the last quarter. Finally, KBC Group NV purchased a new position in Sandy Spring Bancorp in the 3rd quarter worth $139,000. Institutional investors own 70.37% of the company’s stock.

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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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