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

Sandy Spring Bancorp, Inc. (NASDAQ:SASR) – Investment analysts at DA Davidson dropped their FY2025 EPS estimates for Sandy Spring Bancorp in a research note issued to investors on Thursday, December 19th. DA Davidson analyst M. Navas now expects that the bank will post earnings of $2.50 per share for the year, down from their previous estimate of $2.65. The consensus estimate for Sandy Spring Bancorp’s current full-year earnings is $1.85 per share.

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

Sandy Spring Bancorp Stock Performance

Shares of NASDAQ SASR opened at $34.00 on Friday. The stock’s fifty day simple moving average is $35.69 and its 200 day simple moving average is $30.81. The stock has a market capitalization of $1.54 billion, a price-to-earnings ratio of 17.89 and a beta of 0.96. The company has a quick ratio of 1.02, a current ratio of 1.02 and a debt-to-equity ratio of 0.50. Sandy Spring Bancorp has a 52-week low of $19.52 and a 52-week high of $39.55.

Sandy Spring Bancorp (NASDAQ:SASR) last posted its quarterly earnings data on Monday, October 21st. The bank reported $0.40 EPS for the quarter, missing analysts’ consensus estimates of $0.46 by ($0.06). The company had revenue of $189.81 million for the quarter, compared to analyst estimates of $101.60 million. Sandy Spring Bancorp had a net margin of 11.54% and a return on equity of 5.71%. During the same quarter in the prior year, the business earned $0.62 EPS.

Sandy Spring Bancorp Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, November 21st. Stockholders of record on Thursday, November 14th were given a dividend of $0.34 per share. This represents a $1.36 dividend on an annualized basis and a dividend yield of 4.00%. The ex-dividend date of this dividend was Thursday, November 14th. Sandy Spring Bancorp’s dividend payout ratio is presently 71.58%.

Institutional Trading of Sandy Spring Bancorp

Several institutional investors have recently made changes to their positions in SASR. Carmichael Hill & Associates Inc. raised its stake in shares of Sandy Spring Bancorp by 3.6% in the second quarter. Carmichael Hill & Associates Inc. now owns 11,785 shares of the bank’s stock valued at $287,000 after acquiring an additional 412 shares during the last quarter. First National Trust Co increased its holdings in Sandy Spring Bancorp by 5.2% during the 3rd quarter. First National Trust Co now owns 10,050 shares of the bank’s stock valued at $315,000 after purchasing an additional 500 shares in the last quarter. Wealth Enhancement Advisory Services LLC raised its position in Sandy Spring Bancorp by 2.4% in the 3rd quarter. Wealth Enhancement Advisory Services LLC now owns 26,065 shares of the bank’s stock valued at $818,000 after purchasing an additional 609 shares during the last quarter. Cerity Partners LLC boosted its stake in Sandy Spring Bancorp by 3.3% in the third quarter. Cerity Partners LLC now owns 26,209 shares of the bank’s stock worth $822,000 after purchasing an additional 832 shares in the last quarter. Finally, Capital Performance Advisors LLP bought a new stake in shares of Sandy Spring Bancorp during the third quarter worth $29,000. 66.90% of the stock is currently owned by institutional investors and hedge funds.

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.