Sandy Spring Bancorp (SASR) Scheduled to Post Quarterly Earnings on Thursday

Sandy Spring Bancorp (NASDAQ:SASR – Get Rating) is set to issue its quarterly earnings data before the market opens on Thursday, April 21st. Analysts expect the company to announce earnings of $0.92 per share for the quarter. Parties that are interested in registering for the company’s conference call can do so using this link.

Sandy Spring Bancorp (NASDAQ:SASR – Get Rating) last released its earnings results on Thursday, January 20th. The bank reported $1.05 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.10 by ($0.05). The firm had revenue of $127.80 million for the quarter, compared to analyst estimates of $128.37 million. Sandy Spring Bancorp had a return on equity of 13.80% and a net margin of 42.57%. During the same period in the previous year, the firm earned $1.02 earnings per share. On average, analysts expect Sandy Spring Bancorp to post $4 EPS for the current fiscal year and $4 EPS for the next fiscal year.

Shares of SASR opened at $43.53 on Thursday. The business’s 50-day moving average price is $45.63 and its 200 day moving average price is $47.49. The stock has a market capitalization of $1.98 billion, a P/E ratio of 8.78 and a beta of 1.01. Sandy Spring Bancorp has a 1-year low of $39.85 and a 1-year high of $52.04. The company has a current ratio of 0.95, a quick ratio of 0.95 and a debt-to-equity ratio of 0.11.

The business also recently declared a quarterly dividend, which was paid on Monday, February 28th. Investors of record on Friday, February 18th were paid a $0.34 dividend. The ex-dividend date was Thursday, February 17th. This represents a $1.36 dividend on an annualized basis and a yield of 3.12%. This is a boost from Sandy Spring Bancorp’s previous quarterly dividend of $0.32. Sandy Spring Bancorp’s dividend payout ratio (DPR) is currently 27.42%.

SASR has been the topic of a number of analyst reports. Zacks Investment Research cut Sandy Spring Bancorp from a “buy” rating to a “hold” rating in a research note on Wednesday, April 6th. StockNews.com assumed coverage on Sandy Spring Bancorp in a research note on Thursday, March 31st. They issued a “hold” rating on the stock. Finally, DA Davidson assumed coverage on Sandy Spring Bancorp in a research note on Tuesday, March 22nd. They set a “buy” rating and a $61.00 target price on the stock.

Institutional investors have recently made changes to their positions in the company. Glenmede Trust Co. NA acquired a new position in Sandy Spring Bancorp in the fourth quarter worth approximately $207,000. Millennium Management LLC bought a new stake in Sandy Spring Bancorp in the second quarter worth approximately $273,000. Citadel Advisors LLC acquired a new position in shares of Sandy Spring Bancorp during the 4th quarter worth $379,000. Squarepoint Ops LLC acquired a new position in shares of Sandy Spring Bancorp during the 4th quarter worth $539,000. Finally, Marshall Wace LLP bought a new position in shares of Sandy Spring Bancorp during the 4th quarter valued at $553,000. Institutional investors and hedge funds own 66.60% of the company’s stock.

About Sandy Spring Bancorp (Get Rating)

Sandy Spring Bancorp, Inc operates as the bank holding company for Sandy Spring Bank that provides commercial and retail banking, mortgage, private banking, and trust services to individuals and businesses. It operates through three segments: Community Banking, Insurance, and Investment Management. The Community Banking segment offers financial products and services, including various loan and deposit products.

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