Sandy Spring Bancorp (SASR) to Release Quarterly Earnings on Tuesday

Sandy Spring Bancorp (NASDAQ:SASR) is anticipated to post its quarterly earnings results before the market opens on Tuesday, January 28th. Analysts expect Sandy Spring Bancorp to post earnings of $0.48 per share and revenue of $104,143.50 billion for the quarter.

Sandy Spring Bancorp (NASDAQ:SASR) last released its earnings results on Monday, October 21st. The bank reported $0.40 earnings per share 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 during the quarter, compared to analyst estimates of $101.60 million. During the same quarter last year, the company earned $0.62 earnings per share. On average, analysts expect Sandy Spring Bancorp to post $2 EPS for the current fiscal year and $3 EPS for the next fiscal year.

Sandy Spring Bancorp Stock Up 0.6 %

Shares of SASR stock opened at $33.87 on Tuesday. Sandy Spring Bancorp has a 1 year low of $19.52 and a 1 year high of $39.55. The company has a debt-to-equity ratio of 0.50, a quick ratio of 1.02 and a current ratio of 1.02. The business’s fifty day moving average is $35.45 and its 200-day moving average is $32.50. The stock has a market cap of $1.53 billion, a PE ratio of 17.83 and a beta of 0.98.

Sandy Spring Bancorp Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, November 21st. Investors of record on Thursday, November 14th were issued a dividend of $0.34 per share. This represents a $1.36 dividend on an annualized basis and a yield of 4.02%. The ex-dividend date was Thursday, November 14th. Sandy Spring Bancorp’s payout ratio is currently 71.58%.

Wall Street Analyst Weigh In

Separately, StockNews.com started coverage on shares of Sandy Spring Bancorp in a report on Sunday. They issued a “sell” rating for the company. One equities research analyst has rated the stock with a sell rating and four have issued a hold rating to the company. According to data from MarketBeat.com, Sandy Spring Bancorp currently has a consensus rating of “Hold” and an average price target of $28.25.

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.