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

Analysts at StockNews.com began coverage on shares of Sandy Spring Bancorp (NASDAQ:SASR) in a research note issued on Wednesday. The brokerage set a “sell” rating on the bank’s stock.

Sandy Spring Bancorp Trading Up 0.7 %

Shares of SASR opened at $33.77 on Wednesday. The stock has a fifty day moving average of $34.07 and a two-hundred day moving average of $33.17. 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 company has a market capitalization of $1.52 billion, a PE ratio of 75.05 and a beta of 0.97. Sandy Spring Bancorp has a fifty-two week low of $19.52 and a fifty-two week high of $39.55.

Sandy Spring Bancorp (NASDAQ:SASR) last announced its quarterly earnings data on Tuesday, January 28th. The bank reported $0.47 earnings per share (EPS) 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, analysts forecast that Sandy Spring Bancorp will post 2.51 EPS for the current year.

Institutional Trading of Sandy Spring Bancorp

Institutional investors have recently made changes to their positions in the stock. Capital Performance Advisors LLP purchased a new stake in shares of Sandy Spring Bancorp during the 3rd quarter valued at $29,000. Vestcor Inc purchased a new stake in shares of Sandy Spring Bancorp during the 4th quarter valued at $37,000. Sterling Capital Management LLC boosted its position in Sandy Spring Bancorp by 826.3% during the 4th quarter. Sterling Capital Management LLC now owns 1,408 shares of the bank’s stock worth $47,000 after purchasing an additional 1,256 shares during the period. SG Americas Securities LLC purchased a new stake in Sandy Spring Bancorp during the 3rd quarter worth $170,000. Finally, Family Firm Inc. purchased a new stake in Sandy Spring Bancorp during the 4th quarter worth $204,000. 66.90% of the stock is owned by hedge funds and other institutional investors.

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.