18,473 Shares in Sandy Spring Bancorp, Inc. (NASDAQ:SASR) Acquired by Proficio Capital Partners LLC

Proficio Capital Partners LLC acquired a new position in Sandy Spring Bancorp, Inc. (NASDAQ:SASR) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 18,473 shares of the bank’s stock, valued at approximately $623,000.

A number of other institutional investors and hedge funds also recently made changes to their positions in SASR. Capital Performance Advisors LLP purchased a new position in shares of Sandy Spring Bancorp in the third quarter worth approximately $29,000. Stifel Financial Corp bought a new stake in Sandy Spring Bancorp during the 3rd quarter worth approximately $217,000. Associated Banc Corp bought a new stake in Sandy Spring Bancorp during the 3rd quarter worth approximately $249,000. Meeder Asset Management Inc. raised its stake in Sandy Spring Bancorp by 66.2% during the 3rd quarter. Meeder Asset Management Inc. now owns 7,952 shares of the bank’s stock worth $249,000 after acquiring an additional 3,168 shares during the period. Finally, Heritage Investors Management Corp bought a new stake in Sandy Spring Bancorp during the 4th quarter worth approximately $281,000. Hedge funds and other institutional investors own 66.90% of the company’s stock.

Analysts Set New Price Targets

Separately, StockNews.com started coverage on shares of Sandy Spring Bancorp in a research note on Saturday. They set a “sell” rating on the stock.

Sandy Spring Bancorp Price Performance

NASDAQ SASR opened at $29.82 on Monday. The stock has a market cap of $1.35 billion, a price-to-earnings ratio of 66.27 and a beta of 0.96. The company has a current ratio of 1.02, a quick ratio of 1.02 and a debt-to-equity ratio of 0.50. Sandy Spring Bancorp, Inc. has a 12 month low of $19.52 and a 12 month high of $39.55. The company’s 50 day moving average is $32.96 and its two-hundred day moving average is $33.57.

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 the consensus estimate of $0.48 by ($0.01). Sandy Spring Bancorp had a net margin of 2.65% and a return on equity of 5.31%. As a group, research analysts anticipate that Sandy Spring Bancorp, Inc. will post 2.48 earnings per share for the current year.

Sandy Spring Bancorp Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, February 19th. Stockholders of record on Wednesday, February 12th were given a dividend of $0.34 per share. The ex-dividend date was Wednesday, February 12th. This represents a $1.36 dividend on an annualized basis and a dividend yield of 4.56%. Sandy Spring Bancorp’s payout ratio is 302.22%.

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.