Sandy Spring Bancorp (NASDAQ:SASR) Earns Sell Rating from Analysts at StockNews.com

StockNews.com assumed coverage on shares of Sandy Spring Bancorp (NASDAQ:SASR) in a note issued to investors on Saturday. The firm set a “sell” rating on the bank’s stock.

Sandy Spring Bancorp Trading Down 3.9 %

Shares of Sandy Spring Bancorp stock opened at $30.94 on Friday. The company has a debt-to-equity ratio of 0.50, a current ratio of 1.02 and a quick ratio of 1.02. The business has a 50 day moving average price of $35.84 and a 200 day moving average price of $31.93. The company has a market capitalization of $1.40 billion, a P/E ratio of 16.28 and a beta of 0.98. Sandy Spring Bancorp has a 1 year low of $19.52 and a 1 year high of $39.55.

Sandy Spring Bancorp (NASDAQ:SASR) last announced its earnings results on Monday, October 21st. The bank reported $0.40 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.46 by ($0.06). Sandy Spring Bancorp had a return on equity of 5.71% and a net margin of 11.54%. The firm had revenue of $189.81 million for the quarter, compared to analyst estimates of $101.60 million. During the same quarter last year, the business posted $0.62 EPS. Sell-side analysts anticipate that Sandy Spring Bancorp will post 1.85 EPS for the current fiscal year.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the business. Capital Performance Advisors LLP purchased a new position in shares of Sandy Spring Bancorp in the 3rd quarter valued at $29,000. Meeder Asset Management Inc. acquired a new position in shares of Sandy Spring Bancorp during the second quarter worth about $117,000. SG Americas Securities LLC purchased a new stake in shares of Sandy Spring Bancorp in the third quarter worth about $170,000. Inspire Advisors LLC acquired a new stake in Sandy Spring Bancorp in the second quarter valued at approximately $217,000. Finally, Stifel Financial Corp acquired a new position in shares of Sandy Spring Bancorp during the third quarter worth $217,000. Hedge funds and other institutional investors own 66.90% of the company’s stock.

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.