Nuveen Asset Management LLC Purchases 2,862 Shares of Sandy Spring Bancorp, Inc. (NASDAQ:SASR)

Nuveen Asset Management LLC boosted its stake in shares of Sandy Spring Bancorp, Inc. (NASDAQ:SASR) by 2.4% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 122,817 shares of the bank’s stock after buying an additional 2,862 shares during the quarter. Nuveen Asset Management LLC owned approximately 0.27% of Sandy Spring Bancorp worth $4,140,000 as of its most recent SEC filing.

Other institutional investors also recently added to or reduced their stakes in the company. Evermay Wealth Management LLC grew its position in Sandy Spring Bancorp by 1,296.9% during the fourth quarter. Evermay Wealth Management LLC now owns 12,572 shares of the bank’s stock valued at $424,000 after buying an additional 11,672 shares during the period. New York Life Investment Management LLC bought a new position in Sandy Spring Bancorp during the fourth quarter valued at about $2,989,000. Barclays PLC grew its position in Sandy Spring Bancorp by 36.8% during the third quarter. Barclays PLC now owns 119,799 shares of the bank’s stock valued at $3,759,000 after buying an additional 32,223 shares during the period. SG Americas Securities LLC grew its position in Sandy Spring Bancorp by 140.6% during the fourth quarter. SG Americas Securities LLC now owns 13,004 shares of the bank’s stock valued at $438,000 after buying an additional 7,600 shares during the period. Finally, Bank of New York Mellon Corp grew its position in Sandy Spring Bancorp by 13.4% during the fourth quarter. Bank of New York Mellon Corp now owns 399,192 shares of the bank’s stock valued at $13,457,000 after buying an additional 47,309 shares during the period. Institutional investors own 66.90% of the company’s stock.

Wall Street Analyst Weigh In

Separately, Wall Street Zen assumed coverage on shares of Sandy Spring Bancorp in a research report on Monday, May 19th. They set a “sell” rating for the company.

Sandy Spring Bancorp Price Performance

SASR opened at $27.87 on Friday. The firm has a market cap of $1.26 billion, a P/E ratio of 61.93 and a beta of 0.96. Sandy Spring Bancorp, Inc. has a fifty-two week low of $21.37 and a fifty-two week high of $39.55. The company has a debt-to-equity ratio of 0.50, a quick ratio of 1.02 and a current ratio of 1.02. The firm has a 50-day moving average of $27.89 and a 200 day moving average of $31.67.

Sandy Spring Bancorp Company Profile

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.