Sandy Spring Bancorp (NASDAQ:SASR) Posts Quarterly Earnings Results, Misses Expectations By $0.01 EPS

Sandy Spring Bancorp (NASDAQ:SASR) issued its quarterly earnings data on Tuesday. The bank reported $0.47 earnings per share for the quarter, missing the consensus estimate of $0.48 by ($0.01), Zacks reports. Sandy Spring Bancorp had a return on equity of 5.71% and a net margin of 11.54%.

Sandy Spring Bancorp Trading Down 0.6 %

Shares of Sandy Spring Bancorp stock opened at $33.47 on Thursday. Sandy Spring Bancorp has a fifty-two week low of $19.52 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 company has a market capitalization of $1.51 billion, a P/E ratio of 17.62 and a beta of 0.98. The company has a fifty day moving average of $34.89 and a 200 day moving average of $32.87.

Analyst Ratings Changes

Separately, StockNews.com started coverage on shares of Sandy Spring Bancorp in a research report on Monday. They issued a “sell” rating on the stock. One research analyst has rated the stock with a sell rating and four have given a hold rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $28.25.

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.