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

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

Sandy Spring Bancorp Trading Up 0.3 %

NASDAQ SASR opened at $34.34 on Tuesday. The stock has a market cap of $1.55 billion, a P/E ratio of 76.31 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. The stock has a 50 day simple moving average of $34.48 and a two-hundred day simple moving average of $33.03. The company has a debt-to-equity ratio of 0.50, a quick ratio of 1.02 and a current ratio of 1.02.

Sandy Spring Bancorp (NASDAQ:SASR) last announced its quarterly earnings results on Tuesday, January 28th. The bank reported $0.47 EPS for the quarter, missing analysts’ consensus estimates of $0.48 by ($0.01). Sandy Spring Bancorp had a return on equity of 5.31% and a net margin of 2.65%. On average, analysts forecast that Sandy Spring Bancorp will post 2.51 earnings per share for the current year.

Institutional Trading of Sandy Spring Bancorp

Several large investors have recently bought and sold shares of the company. Tritonpoint Wealth LLC raised its position in shares of Sandy Spring Bancorp by 1.5% in the 4th quarter. Tritonpoint Wealth LLC now owns 20,119 shares of the bank’s stock worth $678,000 after acquiring an additional 302 shares in the last quarter. First National Trust Co raised its holdings in Sandy Spring Bancorp by 5.2% in the third quarter. First National Trust Co now owns 10,050 shares of the bank’s stock worth $315,000 after purchasing an additional 500 shares in the last quarter. Wealth Enhancement Advisory Services LLC lifted its position in Sandy Spring Bancorp by 2.4% during the third quarter. Wealth Enhancement Advisory Services LLC now owns 26,065 shares of the bank’s stock valued at $818,000 after buying an additional 609 shares during the period. Cerity Partners LLC boosted its holdings in shares of Sandy Spring Bancorp by 3.3% during the 3rd quarter. Cerity Partners LLC now owns 26,209 shares of the bank’s stock valued at $822,000 after buying an additional 832 shares in the last quarter. Finally, Capital Performance Advisors LLP purchased a new stake in shares of Sandy Spring Bancorp in the 3rd quarter worth about $29,000. 66.90% of the stock is owned by institutional investors.

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.