Sandy Spring Bancorp (SASR) Rating Reiterated by Boenning Scattergood

Sandy Spring Bancorp (NASDAQ:SASR)‘s stock had its “hold” rating reiterated by analysts at Boenning Scattergood in a report released on Thursday.

Other equities research analysts have also issued research reports about the stock. ValuEngine upgraded shares of Sandy Spring Bancorp from a “hold” rating to a “buy” rating in a report on Monday, October 2nd. Zacks Investment Research upgraded shares of Sandy Spring Bancorp from a “hold” rating to a “buy” rating and set a $44.00 target price on the stock in a report on Wednesday, September 20th. Gabelli initiated coverage on shares of Sandy Spring Bancorp in a report on Monday, January 8th. They issued a “buy” rating and a $50.00 target price on the stock. Sandler O’Neill set a $44.00 target price on shares of Sandy Spring Bancorp and gave the stock a “hold” rating in a report on Friday, January 12th. Finally, BidaskClub upgraded shares of Sandy Spring Bancorp from a “sell” rating to a “hold” rating in a report on Wednesday, January 3rd. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating, two have assigned a buy rating and one has given a strong buy rating to the stock. Sandy Spring Bancorp has a consensus rating of “Hold” and an average price target of $44.75.

Shares of Sandy Spring Bancorp (SASR) opened at $40.25 on Thursday. The company has a debt-to-equity ratio of 1.12, a current ratio of 1.03 and a quick ratio of 1.03. Sandy Spring Bancorp has a fifty-two week low of $36.50 and a fifty-two week high of $45.64. The firm has a market cap of $965.74, a PE ratio of 18.30, a P/E/G ratio of 0.89 and a beta of 0.99.

Sandy Spring Bancorp (NASDAQ:SASR) last posted its earnings results on Thursday, January 18th. The bank reported $0.64 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.63 by $0.01. Sandy Spring Bancorp had a net margin of 24.31% and a return on equity of 10.61%. The company had revenue of $55.79 million for the quarter, compared to analyst estimates of $56.21 million. During the same quarter in the prior year, the business posted $0.55 EPS. The firm’s revenue was up 8.7% compared to the same quarter last year. analysts expect that Sandy Spring Bancorp will post 2.49 earnings per share for the current fiscal year.

A number of large investors have recently bought and sold shares of SASR. KBC Group NV purchased a new stake in Sandy Spring Bancorp in the 3rd quarter valued at about $139,000. BNP Paribas Arbitrage SA increased its stake in Sandy Spring Bancorp by 554.4% in the 2nd quarter. BNP Paribas Arbitrage SA now owns 3,586 shares of the bank’s stock valued at $146,000 after buying an additional 3,038 shares during the last quarter. Court Place Advisors LLC purchased a new stake in Sandy Spring Bancorp in the 3rd quarter valued at about $200,000. Magnetar Financial LLC purchased a new stake in Sandy Spring Bancorp in the 3rd quarter valued at about $203,000. Finally, Victory Capital Management Inc. increased its stake in Sandy Spring Bancorp by 17.6% in the 2nd quarter. Victory Capital Management Inc. now owns 5,066 shares of the bank’s stock valued at $206,000 after buying an additional 759 shares during the last quarter. Hedge funds and other institutional investors own 70.37% of the company’s stock.

WARNING: This report was posted by TrueBlueTribune and is the property of of TrueBlueTribune. If you are viewing this report on another website, it was stolen and republished in violation of international copyright and trademark legislation. The correct version of this report can be accessed at https://www.truebluetribune.com/2018/01/20/sandy-spring-bancorp-sasr-rating-reiterated-by-boenning-scattergood-2.html.

About Sandy Spring Bancorp

Sandy Spring Bancorp, Inc is the bank holding company for Sandy Spring Bank (the Bank). The Company operates through three segments: Community Banking, Insurance and Investment Management. The Company’s Community Banking segment operates through Sandy Spring Bank and involves delivering a range of financial products and services, including various loan and deposit products to both individuals and businesses.

Receive News & Ratings for Sandy Spring Bancorp Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Sandy Spring Bancorp and related companies with MarketBeat.com's FREE daily email newsletter.

Latest News

Leave a Reply