Sei Investments Co. Reduces Holdings in Sandy Spring Bancorp, Inc. (NASDAQ:SASR)

Sei Investments Co. decreased its position in shares of Sandy Spring Bancorp, Inc. (NASDAQ:SASR) by 62.0% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 18,546 shares of the bank’s stock after selling 30,266 shares during the quarter. Sei Investments Co.’s holdings in Sandy Spring Bancorp were worth $625,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in SASR. Vestcor Inc bought a new position in Sandy Spring Bancorp during the fourth quarter worth about $37,000. Family Firm Inc. purchased a new stake in shares of Sandy Spring Bancorp during the 4th quarter valued at approximately $204,000. Commonwealth of Pennsylvania Public School Empls Retrmt SYS bought a new position in Sandy Spring Bancorp in the 4th quarter worth approximately $228,000. Stifel Financial Corp purchased a new position in Sandy Spring Bancorp in the 3rd quarter valued at approximately $217,000. Finally, Heritage Investors Management Corp bought a new stake in Sandy Spring Bancorp during the 4th quarter valued at $281,000. Hedge funds and other institutional investors own 66.90% of the company’s stock.

Sandy Spring Bancorp Stock Up 1.0 %

Shares of Sandy Spring Bancorp stock opened at $27.87 on Thursday. The company’s 50 day moving average price is $30.62 and its 200-day moving average price is $33.02. Sandy Spring Bancorp, Inc. has a 52-week low of $19.52 and a 52-week high of $39.55. The stock has a market capitalization of $1.26 billion, a price-to-earnings ratio of 61.93 and a beta of 0.96. The company has a debt-to-equity ratio of 0.50, a quick ratio of 1.02 and a current ratio of 1.02.

Sandy Spring Bancorp (NASDAQ:SASR) last released its quarterly earnings results on Tuesday, January 28th. The bank reported $0.47 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.48 by ($0.01). Sandy Spring Bancorp had a return on equity of 5.31% and a net margin of 2.65%. Equities research analysts forecast that Sandy Spring Bancorp, Inc. will post 2.48 EPS for the current year.

Sandy Spring Bancorp Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, February 19th. Stockholders of record on Wednesday, February 12th were paid a $0.34 dividend. This represents a $1.36 annualized dividend and a dividend yield of 4.88%. The ex-dividend date of this dividend was Wednesday, February 12th. Sandy Spring Bancorp’s dividend payout ratio (DPR) is presently 302.22%.

Wall Street Analysts Forecast Growth

Separately, StockNews.com started coverage on Sandy Spring Bancorp in a research report on Wednesday. They issued a “sell” rating for the company.

About Sandy Spring Bancorp

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 in the United States. It offers financial products and services, including various loan and deposit products.