Sandy Spring Bancorp Inc. (NASDAQ:SASR) Director Mona Abutaleb Stephenson bought 600 shares of Sandy Spring Bancorp stock in a transaction on Monday, February 5th. The shares were acquired at an average price of $37.82 per share, for a total transaction of $22,692.00. Following the completion of the acquisition, the director now owns 948 shares of the company’s stock, valued at approximately $35,853.36. The acquisition was disclosed in a legal filing with the SEC, which is accessible through this link.
Shares of Sandy Spring Bancorp Inc. (SASR) traded down $1.65 during trading on Monday, hitting $37.00. The stock had a trading volume of 215,143 shares, compared to its average volume of 242,564. The company has a market capitalization of $927.35, a price-to-earnings ratio of 17.04, a price-to-earnings-growth ratio of 0.99 and a beta of 0.93. Sandy Spring Bancorp Inc. has a 12 month low of $36.50 and a 12 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.
Sandy Spring Bancorp (NASDAQ:SASR) last issued its quarterly earnings results on Thursday, January 18th. The bank reported $0.64 EPS for the quarter, beating analysts’ consensus estimates of $0.63 by $0.01. The company had revenue of $55.79 million for the quarter, compared to analyst estimates of $56.21 million. Sandy Spring Bancorp had a return on equity of 10.91% and a net margin of 21.63%. The company’s quarterly revenue was up 8.7% compared to the same quarter last year. During the same period in the previous year, the company posted $0.55 earnings per share. analysts expect that Sandy Spring Bancorp Inc. will post 3.07 earnings per share for the current fiscal year.
Several research analysts have weighed in on SASR shares. Zacks Investment Research upgraded Sandy Spring Bancorp from a “sell” rating to a “hold” rating in a report on Saturday, December 23rd. Gabelli started coverage on Sandy Spring Bancorp in a report on Monday, January 8th. They set a “buy” rating and a $50.00 target price on the stock. Sandler O’Neill set a $44.00 target price on Sandy Spring Bancorp and gave the stock a “hold” rating in a report on Friday, January 12th. Boenning Scattergood reiterated a “hold” rating on shares of Sandy Spring Bancorp in a report on Tuesday, January 2nd. Finally, BidaskClub upgraded Sandy Spring Bancorp from a “sell” rating to a “hold” rating in a report on Wednesday, January 3rd. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating, two have given a buy rating and one has issued a strong buy rating to the stock. The stock currently has a consensus rating of “Hold” and an average target price of $44.75.
Institutional investors have recently modified their holdings of the company. KBC Group NV bought a new stake in shares of Sandy Spring Bancorp in the third quarter valued at about $139,000. FNY Partners Fund LP bought a new stake in shares of Sandy Spring Bancorp in the fourth quarter valued at about $132,000. Court Place Advisors LLC bought a new stake in shares of Sandy Spring Bancorp in the third quarter valued at about $200,000. Magnetar Financial LLC bought a new stake in shares of Sandy Spring Bancorp in the third quarter valued at about $203,000. Finally, Columbia Partners L L C Investment Management acquired a new stake in shares of Sandy Spring Bancorp in the third quarter valued at about $228,000. Institutional investors own 70.53% of the company’s stock.
Sandy Spring Bancorp Company Profile
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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