American Century Companies Inc. Has $30.12 Million Stock Position in Sandy Spring Bancorp, Inc. (NASDAQ:SASR)

American Century Companies Inc. lifted its holdings in Sandy Spring Bancorp, Inc. (NASDAQ:SASR) by 0.8% during the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 893,547 shares of the bank’s stock after acquiring an additional 6,815 shares during the period. American Century Companies Inc.’s holdings in Sandy Spring Bancorp were worth $30,121,000 as of its most recent filing with the SEC.

Other hedge funds have also bought and sold shares of the company. Vestcor Inc bought a new stake in Sandy Spring Bancorp in the 4th quarter valued at about $37,000. Family Firm Inc. acquired a new stake in shares of Sandy Spring Bancorp in the fourth quarter valued at approximately $204,000. Stifel Financial Corp bought a new stake in shares of Sandy Spring Bancorp in the third quarter valued at approximately $217,000. Commonwealth of Pennsylvania Public School Empls Retrmt SYS acquired a new stake in Sandy Spring Bancorp during the fourth quarter worth approximately $228,000. Finally, Heritage Investors Management Corp bought a new position in Sandy Spring Bancorp during the 4th quarter worth $281,000. 66.90% of the stock is owned by institutional investors.

Sandy Spring Bancorp Price Performance

Shares of NASDAQ:SASR opened at $27.60 on Friday. The company has a current ratio of 1.02, a quick ratio of 1.02 and a debt-to-equity ratio of 0.50. The stock has a market capitalization of $1.25 billion, a PE ratio of 61.33 and a beta of 0.96. The firm has a 50 day moving average of $31.76 and a 200-day moving average of $33.32. Sandy Spring Bancorp, Inc. has a 12 month low of $19.52 and a 12 month high of $39.55.

Sandy Spring Bancorp (NASDAQ:SASR) last announced its quarterly earnings data on Tuesday, January 28th. The bank reported $0.47 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%. On average, equities research analysts predict that Sandy Spring Bancorp, Inc. will post 2.48 EPS for the current fiscal year.

Sandy Spring Bancorp Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, February 19th. Investors of record on Wednesday, February 12th were paid a $0.34 dividend. This represents a $1.36 annualized dividend and a yield of 4.93%. The ex-dividend date of this dividend was Wednesday, February 12th. Sandy Spring Bancorp’s dividend payout ratio (DPR) is presently 302.22%.

Analyst Ratings Changes

Separately, StockNews.com started coverage on Sandy Spring Bancorp in a research report on Monday, March 24th. They set a “sell” rating for the company.

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.