Sandy Spring Bancorp (NASDAQ:SASR) Coverage Initiated by Analysts at StockNews.com

Research analysts at StockNews.com started coverage on shares of Sandy Spring Bancorp (NASDAQ:SASR) in a research report issued to clients and investors on Sunday. The firm set a “sell” rating on the bank’s stock.

Sandy Spring Bancorp Price Performance

Shares of NASDAQ:SASR opened at $29.12 on Friday. Sandy Spring Bancorp has a 12 month low of $19.52 and a 12 month high of $39.55. The stock has a market cap of $1.31 billion, a price-to-earnings ratio of 64.71 and a beta of 0.96. The stock’s 50 day moving average price is $32.51 and its 200 day moving average price is $33.49. The company has a debt-to-equity ratio of 0.50, a current ratio of 1.02 and a quick ratio of 1.02.

Sandy Spring Bancorp (NASDAQ:SASR) last announced its earnings results on Tuesday, January 28th. The bank reported $0.47 EPS for the quarter, missing the consensus estimate of $0.48 by ($0.01). Sandy Spring Bancorp had a return on equity of 5.31% and a net margin of 2.65%. Equities research analysts anticipate that Sandy Spring Bancorp will post 2.48 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the stock. JPMorgan Chase & Co. increased its holdings in shares of Sandy Spring Bancorp by 96.9% in the third quarter. JPMorgan Chase & Co. now owns 70,599 shares of the bank’s stock valued at $2,215,000 after buying an additional 34,735 shares in the last quarter. Massachusetts Financial Services Co. MA increased its holdings in shares of Sandy Spring Bancorp by 10.3% in the third quarter. Massachusetts Financial Services Co. MA now owns 807,940 shares of the bank’s stock valued at $25,345,000 after buying an additional 75,596 shares in the last quarter. Evermay Wealth Management LLC increased its holdings in shares of Sandy Spring Bancorp by 1,296.9% in the fourth quarter. Evermay Wealth Management LLC now owns 12,572 shares of the bank’s stock valued at $424,000 after buying an additional 11,672 shares in the last quarter. Geode Capital Management LLC raised its stake in Sandy Spring Bancorp by 3.4% during the 3rd quarter. Geode Capital Management LLC now owns 1,072,619 shares of the bank’s stock valued at $33,654,000 after purchasing an additional 35,271 shares during the period. Finally, New York Life Investment Management LLC acquired a new stake in Sandy Spring Bancorp during the 4th quarter valued at $2,989,000. 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.