Sandy Spring Bancorp (NASDAQ:SASR – Get Free Report) issued its quarterly earnings results on Tuesday. The bank reported $0.51 EPS for the quarter, beating analysts’ consensus estimates of $0.43 by $0.08, Briefing.com reports. The business had revenue of $184.70 million for the quarter, compared to analysts’ expectations of $99.60 million. Sandy Spring Bancorp had a net margin of 12.74% and a return on equity of 6.65%. During the same quarter in the prior year, the firm posted $0.60 earnings per share.
Sandy Spring Bancorp Stock Down 1.1 %
NASDAQ SASR traded down $0.35 during trading hours on Wednesday, hitting $30.80. The company’s stock had a trading volume of 165,001 shares, compared to its average volume of 299,301. Sandy Spring Bancorp has a 52 week low of $19.27 and a 52 week high of $31.71. The company has a market capitalization of $1.39 billion, a PE ratio of 15.18 and a beta of 0.97. The company has a current ratio of 1.03, a quick ratio of 1.02 and a debt-to-equity ratio of 0.55. The company’s 50-day simple moving average is $24.25 and its two-hundred day simple moving average is $23.21.
Sandy Spring Bancorp Dividend Announcement
The firm also recently declared a quarterly dividend, which was paid on Wednesday, May 15th. Investors of record on Wednesday, May 8th were given a $0.34 dividend. The ex-dividend date was Tuesday, May 7th. This represents a $1.36 annualized dividend and a yield of 4.42%. Sandy Spring Bancorp’s payout ratio is 66.67%.
Wall Street Analysts Forecast Growth
Check Out Our Latest Analysis on Sandy Spring Bancorp
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.
Featured Articles
- Five stocks we like better than Sandy Spring Bancorp
- 3 Home Improvement Stocks that Can Upgrade Your Portfolio
- Food Processing Company Stock Gets Fried by Recall: Time to Buy
- What is a Death Cross in Stocks?
- Entertainment Stock Offers A Rare and Tempting Entry Opportunity
- 2 Fintech Stocks to Buy Now and 1 to Avoid
- Will China’s Interest Rate Cuts Ignite a Rally for This Stock?
Receive News & Ratings for Sandy Spring Bancorp Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Sandy Spring Bancorp and related companies with MarketBeat.com's FREE daily email newsletter.