What is DA Davidson’s Estimate for SASR FY2025 Earnings?

Sandy Spring Bancorp, Inc. (NASDAQ:SASR) – Research analysts at DA Davidson lowered their FY2025 earnings per share estimates for shares of Sandy Spring Bancorp in a research report issued to clients and investors on Wednesday, October 23rd. DA Davidson analyst M. Navas now expects that the bank will post earnings per share of $2.65 for the year, down from their prior estimate of $2.80. DA Davidson has a “Neutral” rating and a $33.00 price objective on the stock. The consensus estimate for Sandy Spring Bancorp’s current full-year earnings is $1.93 per share.

Sandy Spring Bancorp (NASDAQ:SASR) last posted its quarterly earnings data on Monday, October 21st. The bank reported $0.40 earnings per share for the quarter, missing analysts’ consensus estimates of $0.46 by ($0.06). The firm had revenue of $189.81 million during the quarter, compared to analysts’ expectations of $101.60 million. Sandy Spring Bancorp had a net margin of 11.54% and a return on equity of 5.74%. During the same quarter last year, the business earned $0.62 earnings per share.

SASR has been the subject of several other reports. Keefe, Bruyette & Woods increased their price target on shares of Sandy Spring Bancorp from $25.00 to $30.00 and gave the stock a “market perform” rating in a report on Thursday, July 25th. StockNews.com cut shares of Sandy Spring Bancorp from a “hold” rating to a “sell” rating in a report on Tuesday, August 27th. One investment analyst has rated the stock with a sell rating and five have given a hold rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $27.00.

Sandy Spring Bancorp Stock Down 0.6 %

Shares of NASDAQ:SASR opened at $32.42 on Friday. Sandy Spring Bancorp has a fifty-two week low of $19.27 and a fifty-two week high of $34.19. The company has a quick ratio of 1.02, a current ratio of 1.03 and a debt-to-equity ratio of 0.54. The firm’s 50-day simple moving average is $31.52 and its 200-day simple moving average is $26.89. The company has a market cap of $1.46 billion, a price-to-earnings ratio of 15.89 and a beta of 0.95.

Sandy Spring Bancorp Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, August 21st. Shareholders of record on Wednesday, August 14th were issued a $0.34 dividend. The ex-dividend date of this dividend was Wednesday, August 14th. This represents a $1.36 dividend on an annualized basis and a yield of 4.19%. Sandy Spring Bancorp’s dividend payout ratio (DPR) is presently 66.67%.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in the stock. Pinnacle Associates Ltd. increased its holdings in Sandy Spring Bancorp by 55.3% in the third quarter. Pinnacle Associates Ltd. now owns 17,487 shares of the bank’s stock valued at $549,000 after buying an additional 6,224 shares in the last quarter. Nisa Investment Advisors LLC increased its holdings in Sandy Spring Bancorp by 231.1% in the third quarter. Nisa Investment Advisors LLC now owns 11,748 shares of the bank’s stock valued at $369,000 after buying an additional 8,200 shares in the last quarter. Wealth Enhancement Advisory Services LLC increased its holdings in Sandy Spring Bancorp by 2.4% in the third quarter. Wealth Enhancement Advisory Services LLC now owns 26,065 shares of the bank’s stock valued at $818,000 after buying an additional 609 shares in the last quarter. SPC Financial Inc. purchased a new position in Sandy Spring Bancorp in the third quarter valued at about $1,975,000. Finally, Creative Planning increased its holdings in Sandy Spring Bancorp by 11.9% in the third quarter. Creative Planning now owns 66,208 shares of the bank’s stock valued at $2,077,000 after buying an additional 7,024 shares in the last quarter. 66.90% of the stock is owned by hedge funds and other 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.