Janney Montgomery Scott LLC Sells 445 Shares of Sandy Spring Bancorp, Inc. (NASDAQ:SASR)

Janney Montgomery Scott LLC trimmed its holdings in shares of Sandy Spring Bancorp, Inc. (NASDAQ:SASR) by 5.0% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 8,395 shares of the bank’s stock after selling 445 shares during the quarter. Janney Montgomery Scott LLC’s holdings in Sandy Spring Bancorp were worth $235,000 at the end of the most recent quarter.

Other hedge funds have also bought and sold shares of the company. Vestcor Inc purchased a new stake in shares of Sandy Spring Bancorp during the 4th quarter valued at $37,000. Sterling Capital Management LLC grew its position in Sandy Spring Bancorp by 826.3% during the fourth quarter. Sterling Capital Management LLC now owns 1,408 shares of the bank’s stock valued at $47,000 after buying an additional 1,256 shares during the period. Family Firm Inc. purchased a new stake in Sandy Spring Bancorp during the fourth quarter worth about $204,000. Commonwealth of Pennsylvania Public School Empls Retrmt SYS bought a new stake in Sandy Spring Bancorp in the fourth quarter worth about $228,000. Finally, Aquatic Capital Management LLC purchased a new position in Sandy Spring Bancorp in the fourth quarter valued at about $232,000. 66.90% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

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

Sandy Spring Bancorp Stock Up 1.0%

Shares of NASDAQ SASR opened at $27.87 on Monday. The company has a debt-to-equity ratio of 0.50, a current ratio of 1.02 and a quick ratio of 1.02. The stock has a market capitalization of $1.26 billion, a PE ratio of 61.93 and a beta of 0.96. Sandy Spring Bancorp, Inc. has a one year low of $23.45 and a one year high of $39.55. The business’s fifty day moving average price is $27.87 and its 200-day moving average price is $30.02.

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.