Sandy Spring Bancorp (NASDAQ:SASR – Get Free Report) announced its quarterly earnings data on Monday. The bank reported $0.40 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.46 by ($0.06), Briefing.com reports. The company had revenue of $189.81 million for the quarter, compared to the consensus estimate of $101.60 million. Sandy Spring Bancorp had a return on equity of 6.41% and a net margin of 12.31%. During the same quarter in the prior year, the company earned $0.62 EPS.
Sandy Spring Bancorp Stock Performance
Shares of NASDAQ SASR opened at $31.53 on Tuesday. Sandy Spring Bancorp has a one year low of $19.27 and a one year high of $34.19. The company has a debt-to-equity ratio of 0.54, a current ratio of 1.03 and a quick ratio of 1.02. The firm has a market cap of $1.42 billion, a price-to-earnings ratio of 15.89 and a beta of 0.95. The stock’s fifty day moving average price is $31.13 and its two-hundred day moving average price is $26.55.
Sandy Spring Bancorp Announces Dividend
The company also recently declared a quarterly dividend, which was paid on Wednesday, August 21st. Investors of record on Wednesday, August 14th were paid a $0.34 dividend. The ex-dividend date was Wednesday, August 14th. This represents a $1.36 annualized dividend and a yield of 4.31%. Sandy Spring Bancorp’s dividend payout ratio (DPR) is presently 68.00%.
Analysts Set New Price Targets
Check Out Our Latest Analysis on SASR
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.
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