5,404 Shares in Sandy Spring Bancorp, Inc. (NASDAQ:SASR) Purchased by SG Americas Securities LLC

SG Americas Securities LLC acquired a new position in shares of Sandy Spring Bancorp, Inc. (NASDAQ:SASR) in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 5,404 shares of the bank’s stock, valued at approximately $170,000.

Several other hedge funds have also added to or reduced their stakes in SASR. EntryPoint Capital LLC bought a new position in shares of Sandy Spring Bancorp during the 1st quarter valued at approximately $98,000. Hantz Financial Services Inc. bought a new position in Sandy Spring Bancorp during the second quarter valued at $105,000. Meeder Asset Management Inc. purchased a new stake in Sandy Spring Bancorp in the second quarter worth $117,000. CWM LLC raised its stake in shares of Sandy Spring Bancorp by 59.4% in the second quarter. CWM LLC now owns 5,561 shares of the bank’s stock valued at $135,000 after buying an additional 2,073 shares during the period. Finally, Family Firm Inc. bought a new stake in shares of Sandy Spring Bancorp in the second quarter valued at $144,000. Institutional investors own 66.90% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on SASR. DA Davidson lifted their price objective on Sandy Spring Bancorp from $23.00 to $33.00 and gave the stock a “neutral” rating in a report on Thursday, July 25th. StockNews.com downgraded shares of Sandy Spring Bancorp from a “hold” rating to a “sell” rating in a research note on Tuesday, August 27th. Finally, Keefe, Bruyette & Woods upped their price target on shares of Sandy Spring Bancorp from $25.00 to $30.00 and gave the company a “market perform” rating in a research note on Thursday, July 25th. One analyst has rated the stock with a sell rating and five have assigned a hold rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and an average target price of $27.00.

Sandy Spring Bancorp Trading Up 1.0 %

Shares of Sandy Spring Bancorp stock opened at $32.36 on Thursday. The company’s 50-day moving average price is $31.37 and its 200-day moving average price is $26.74. The company has a current ratio of 1.03, a quick ratio of 1.02 and a debt-to-equity ratio of 0.54. Sandy Spring Bancorp, Inc. has a 12-month low of $19.27 and a 12-month high of $34.19. The company has a market cap of $1.46 billion, a price-to-earnings ratio of 16.18 and a beta of 0.95.

Sandy Spring Bancorp (NASDAQ:SASR) last posted its earnings results on Monday, October 21st. The bank reported $0.40 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.46 by ($0.06). The firm had revenue of $189.81 million during the quarter, compared to analysts’ expectations of $101.60 million. Sandy Spring Bancorp had a return on equity of 6.41% and a net margin of 12.31%. During the same quarter in the prior year, the company earned $0.62 earnings per share. On average, equities analysts expect that Sandy Spring Bancorp, Inc. will post 1.93 earnings per share for the current fiscal year.

Sandy Spring Bancorp Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, August 21st. Investors of record on Wednesday, August 14th were given a dividend of $0.34 per share. This represents a $1.36 annualized dividend and a yield of 4.20%. The ex-dividend date was Wednesday, August 14th. Sandy Spring Bancorp’s payout ratio is 68.00%.

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.