Sandy Spring Bancorp Inc. (NASDAQ:SASR) announced a quarterly dividend on Wednesday, January 31st, Zacks reports. Shareholders of record on Wednesday, February 14th will be given a dividend of 0.26 per share by the bank on Wednesday, February 21st. This represents a $1.04 dividend on an annualized basis and a yield of 2.77%. The ex-dividend date is Tuesday, February 13th.
Shares of Sandy Spring Bancorp (SASR) traded down $0.03 on Thursday, hitting $37.52. 14,270 shares of the stock were exchanged, compared to its average volume of 232,397. Sandy Spring Bancorp has a fifty-two week low of $36.41 and a fifty-two week high of $45.64. The firm has a market cap of $888.96, a price-to-earnings ratio of 17.07, a price-to-earnings-growth ratio of 0.95 and a beta of 0.93. The company has a debt-to-equity ratio of 1.12, a current ratio of 1.03 and a quick ratio of 1.03.
Sandy Spring Bancorp (NASDAQ:SASR) last announced its quarterly earnings data on Thursday, January 18th. The bank reported $0.64 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.63 by $0.01. Sandy Spring Bancorp had a net margin of 21.63% and a return on equity of 10.91%. The business had revenue of $55.79 million for the quarter, compared to analyst estimates of $56.21 million. During the same period last year, the business earned $0.55 EPS. The company’s revenue was up 8.7% on a year-over-year basis. equities research analysts expect that Sandy Spring Bancorp will post 3.07 EPS for the current year.
A number of equities research analysts have recently weighed in on SASR shares. Sandler O’Neill set a $44.00 price objective on shares of Sandy Spring Bancorp and gave the company a “hold” rating in a report on Friday, January 12th. Gabelli started coverage on shares of Sandy Spring Bancorp in a report on Monday, January 8th. They issued a “buy” rating and a $50.00 price objective on the stock. Zacks Investment Research raised shares of Sandy Spring Bancorp from a “sell” rating to a “hold” rating in a research report on Saturday, December 23rd. Boenning Scattergood reaffirmed a “hold” rating on shares of Sandy Spring Bancorp in a research report on Tuesday, January 2nd. Finally, BidaskClub raised shares of Sandy Spring Bancorp from a “sell” rating to a “hold” rating in a research report on Wednesday, January 3rd. One equities research analyst has rated the stock with a sell rating, three have given a hold rating, two have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus price target of $44.75.
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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