Sandy Spring Bancorp (NASDAQ:SASR) Now Covered by Analysts at StockNews.com

Equities researchers at StockNews.com began coverage on shares of Sandy Spring Bancorp (NASDAQ:SASR) in a research note issued on Monday. The brokerage set a “sell” rating on the bank’s stock.

Sandy Spring Bancorp Price Performance

Shares of NASDAQ SASR opened at $29.07 on Monday. The company has a quick ratio of 1.02, a current ratio of 1.02 and a debt-to-equity ratio of 0.50. The business’s 50 day moving average price is $32.10 and its two-hundred day moving average price is $33.41. The company has a market cap of $1.31 billion, a PE ratio of 64.60 and a beta of 0.96. Sandy Spring Bancorp has a twelve month low of $19.52 and a twelve month high of $39.55.

Sandy Spring Bancorp (NASDAQ:SASR) last posted its earnings results on Tuesday, January 28th. The bank reported $0.47 earnings per share for the quarter, missing analysts’ consensus estimates of $0.48 by ($0.01). Sandy Spring Bancorp had a return on equity of 5.31% and a net margin of 2.65%. On average, analysts predict that Sandy Spring Bancorp will post 2.48 EPS for the current year.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the stock. JPMorgan Chase & Co. boosted its holdings in shares of Sandy Spring Bancorp by 96.9% during the third quarter. JPMorgan Chase & Co. now owns 70,599 shares of the bank’s stock worth $2,215,000 after acquiring an additional 34,735 shares during the period. Massachusetts Financial Services Co. MA boosted its stake in Sandy Spring Bancorp by 10.3% in the 3rd quarter. Massachusetts Financial Services Co. MA now owns 807,940 shares of the bank’s stock valued at $25,345,000 after purchasing an additional 75,596 shares during the period. Evermay Wealth Management LLC grew its holdings in Sandy Spring Bancorp by 1,296.9% in the 4th 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 in the last quarter. Geode Capital Management LLC increased its position in Sandy Spring Bancorp by 3.4% during the 3rd quarter. Geode Capital Management LLC now owns 1,072,619 shares of the bank’s stock worth $33,654,000 after buying an additional 35,271 shares during the period. Finally, New York Life Investment Management LLC acquired a new stake in shares of Sandy Spring Bancorp during the fourth quarter worth $2,989,000. 66.90% of the stock is owned by institutional investors.

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.