Sandy Spring Bancorp (SASR) Projected to Announce Quarterly Earnings on Tuesday

Sandy Spring Bancorp (NASDAQ:SASR) will likely be issuing its quarterly earnings data before the market opens on Tuesday, January 28th. Analysts expect the company to announce earnings of $0.48 per share and revenue of $104,143.50 billion for the quarter.

Sandy Spring Bancorp Stock Performance

Shares of SASR stock opened at $32.75 on Monday. 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 firm has a market cap of $1.48 billion, a price-to-earnings ratio of 17.24 and a beta of 0.98. Sandy Spring Bancorp has a 52 week low of $19.52 and a 52 week high of $39.55. The firm’s 50-day simple moving average is $35.09 and its two-hundred day simple moving average is $32.77.

Sandy Spring Bancorp Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, November 21st. Investors of record on Thursday, November 14th were issued a $0.34 dividend. The ex-dividend date was Thursday, November 14th. This represents a $1.36 dividend on an annualized basis and a dividend yield of 4.15%. Sandy Spring Bancorp’s dividend payout ratio (DPR) is presently 71.58%.

Analyst Upgrades and Downgrades

Separately, StockNews.com began coverage on Sandy Spring Bancorp in a research note on Sunday, January 19th. They issued a “sell” rating on the stock. One investment analyst has rated the stock with a sell rating and four have assigned a hold rating to the company. According to data from MarketBeat.com, Sandy Spring Bancorp has a consensus rating of “Hold” and an average price target of $28.25.

About Sandy Spring Bancorp

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.