Sandy Spring Bancorp Inc. (NASDAQ:SASR) to Issue Dividend of $0.30

Sandy Spring Bancorp Inc. (NASDAQ:SASR) declared a dividend on Wednesday, October 30th, Fidelity reports. Stockholders of record on Wednesday, November 13th will be given a dividend of 0.30 per share by the bank on Wednesday, November 20th. The ex-dividend date is Tuesday, November 12th.

NASDAQ:SASR opened at $35.66 on Friday. Sandy Spring Bancorp has a 1 year low of $29.83 and a 1 year high of $36.79. The stock has a market cap of $1.27 billion, a P/E ratio of 12.47, a P/E/G ratio of 1.15 and a beta of 0.82. The stock has a 50-day simple moving average of $34.17 and a 200-day simple moving average of $34.30. The company has a debt-to-equity ratio of 0.55, a quick ratio of 1.01 and a current ratio of 1.02.

Sandy Spring Bancorp (NASDAQ:SASR) last released its quarterly earnings data on Thursday, October 17th. The bank reported $0.82 earnings per share for the quarter, beating the consensus estimate of $0.80 by $0.02. The firm had revenue of $85.36 million during the quarter, compared to the consensus estimate of $84.70 million. Sandy Spring Bancorp had a return on equity of 10.22% and a net margin of 27.41%. During the same period last year, the business posted $0.79 EPS. On average, equities research analysts predict that Sandy Spring Bancorp will post 3.27 EPS for the current year.

A number of brokerages have commented on SASR. Zacks Investment Research cut Sandy Spring Bancorp from a “buy” rating to a “hold” rating in a report on Thursday, October 24th. Sandler O’Neill upgraded Sandy Spring Bancorp from a “hold” rating to a “buy” rating and set a $38.00 target price on the stock in a report on Thursday, September 26th. Finally, BidaskClub upgraded Sandy Spring Bancorp from a “sell” rating to a “hold” rating in a report on Tuesday, September 17th. Three research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. The stock presently has an average rating of “Buy” and a consensus price target of $37.06.

About Sandy Spring Bancorp

Sandy Spring Bancorp, Inc operates as the bank holding company for Sandy Spring Bank that provides commercial banking services to individuals and businesses in central Maryland, Northern Virginia, and Washington DC The company operates in three segments: Community Banking, Insurance, and Investment Management.

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Dividend History for Sandy Spring Bancorp (NASDAQ:SASR)

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