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

Sandy Spring Bancorp (NASDAQ:SASR – Get Rating) is scheduled to issue its quarterly earnings data before the market opens on Thursday, January 26th. Analysts expect the company to announce earnings of $0.93 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 Trading Down 2.0 %

Shares of Sandy Spring Bancorp stock opened at $34.48 on Wednesday. Sandy Spring Bancorp has a 12-month low of $32.33 and a 12-month high of $49.09. The stock has a market cap of $1.54 billion, a P/E ratio of 8.82 and a beta of 0.93. The company has a quick ratio of 1.03, a current ratio of 1.03 and a debt-to-equity ratio of 0.83. The business’s 50 day moving average is $34.75 and its 200-day moving average is $36.90.

Sandy Spring Bancorp Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, November 16th. Stockholders of record on Wednesday, November 9th were paid a dividend of $0.34 per share. This represents a $1.36 dividend on an annualized basis and a dividend yield of 3.94%. The ex-dividend date was Tuesday, November 8th. Sandy Spring Bancorp’s dividend payout ratio is currently 34.78%.

Institutional Investors Weigh In On Sandy Spring Bancorp

Large investors have recently added to or reduced their stakes in the business. Great West Life Assurance Co. Can raised its stake in Sandy Spring Bancorp by 27.4% in the 1st quarter. Great West Life Assurance Co. Can now owns 3,967 shares of the bank’s stock valued at $187,000 after acquiring an additional 853 shares during the period. Renaissance Technologies LLC bought a new stake in Sandy Spring Bancorp in the 2nd quarter valued at $211,000. Quantedge Capital Pte Ltd bought a new stake in Sandy Spring Bancorp in the 1st quarter valued at $220,000. Marshall Wace LLP acquired a new position in Sandy Spring Bancorp in the 3rd quarter valued at $226,000. Finally, Trexquant Investment LP acquired a new position in Sandy Spring Bancorp in the 3rd quarter valued at $321,000. Institutional investors own 64.95% of the company’s stock.

Analysts Set New Price Targets

SASR has been the topic of a number of analyst reports. Piper Sandler reiterated a “neutral” rating and set a $39.00 price objective on shares of Sandy Spring Bancorp in a research note on Monday, December 5th. StockNews.com initiated coverage on Sandy Spring Bancorp in a research note on Wednesday, October 12th. They set a “hold” rating on the stock. Finally, DA Davidson dropped their price target on Sandy Spring Bancorp to $39.00 in a research note on Thursday, October 27th.

Sandy Spring Bancorp Company Profile

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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.