What is DA Davidson’s Estimate for SASR Q1 Earnings?

Sandy Spring Bancorp, Inc. (NASDAQ:SASR) – Research analysts at DA Davidson issued their Q1 2025 EPS estimates for shares of Sandy Spring Bancorp in a report released on Monday, February 10th. DA Davidson analyst M. Navas expects that the bank will post earnings of $0.52 per share for the quarter. The consensus estimate for Sandy Spring Bancorp’s current full-year earnings is $2.51 per share. DA Davidson also issued estimates for Sandy Spring Bancorp’s FY2025 earnings at $2.45 EPS and FY2026 earnings at $3.20 EPS.

Sandy Spring Bancorp (NASDAQ:SASR) last issued its quarterly earnings data on Tuesday, January 28th. The bank reported $0.47 earnings per share (EPS) 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%.

Separately, StockNews.com started coverage on Sandy Spring Bancorp in a report on Tuesday, February 4th. They set a “sell” rating on the stock. One investment 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, the company presently has a consensus rating of “Hold” and an average price target of $28.25.

Sandy Spring Bancorp Price Performance

Shares of NASDAQ SASR opened at $34.82 on Tuesday. The company has a market capitalization of $1.57 billion, a PE ratio of 77.38 and a beta of 0.97. 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 stock’s 50 day moving average price is $34.23 and its 200-day moving average price is $33.16. Sandy Spring Bancorp has a twelve month low of $19.52 and a twelve month high of $39.55.

Sandy Spring Bancorp Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, February 19th. Stockholders of record on Wednesday, February 12th will be given a dividend of $0.34 per share. This represents a $1.36 dividend on an annualized basis and a dividend yield of 3.91%. The ex-dividend date of this dividend is Wednesday, February 12th. Sandy Spring Bancorp’s dividend payout ratio is currently 302.23%.

Institutional Investors Weigh In On Sandy Spring Bancorp

A number of hedge funds have recently modified their holdings of SASR. LPL Financial LLC grew its holdings in Sandy Spring Bancorp by 1.8% during the fourth quarter. LPL Financial LLC now owns 16,987 shares of the bank’s stock valued at $573,000 after purchasing an additional 297 shares during the period. KLP Kapitalforvaltning AS purchased a new position in shares of Sandy Spring Bancorp during the 4th quarter valued at $303,000. American Century Companies Inc. grew its stake in shares of Sandy Spring Bancorp by 0.8% during the 4th quarter. American Century Companies Inc. now owns 893,547 shares of the bank’s stock worth $30,121,000 after acquiring an additional 6,815 shares during the period. Virtu Financial LLC purchased a new stake in Sandy Spring Bancorp in the 4th quarter worth about $422,000. Finally, Commonwealth of Pennsylvania Public School Empls Retrmt SYS bought a new stake in Sandy Spring Bancorp in the 4th quarter valued at about $228,000. 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.