Commonwealth of Pennsylvania Public School Empls Retrmt SYS Makes New $228,000 Investment in Sandy Spring Bancorp, Inc. (NASDAQ:SASR)

Commonwealth of Pennsylvania Public School Empls Retrmt SYS purchased a new stake in Sandy Spring Bancorp, Inc. (NASDAQ:SASR) in the fourth quarter, HoldingsChannel reports. The firm purchased 6,750 shares of the bank’s stock, valued at approximately $228,000.

Several other institutional investors have also made changes to their positions in the stock. Tritonpoint Wealth LLC increased its stake in Sandy Spring Bancorp by 1.5% during 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 during the period. Cerity Partners LLC grew 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 worth $822,000 after purchasing an additional 832 shares in the last quarter. Vestcor Inc bought a new position in shares of Sandy Spring Bancorp in the fourth quarter worth $37,000. BNP Paribas Financial Markets raised its stake in Sandy Spring Bancorp by 13.5% in the third quarter. BNP Paribas Financial Markets now owns 14,985 shares of the bank’s stock valued at $470,000 after purchasing an additional 1,788 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. lifted its position in Sandy Spring Bancorp by 0.7% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 684,711 shares of the bank’s stock worth $23,082,000 after purchasing an additional 4,787 shares during the period. 66.90% of the stock is currently owned by institutional investors.

Sandy Spring Bancorp Trading Down 0.7 %

Shares of SASR stock opened at $28.49 on Friday. Sandy Spring Bancorp, Inc. has a fifty-two week low of $19.52 and a fifty-two week high of $39.55. The stock’s fifty day moving average price is $31.88 and its two-hundred day moving average price is $33.34. 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 cap of $1.29 billion, a PE ratio of 63.31 and a beta of 0.96.

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

Sandy Spring Bancorp Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, February 19th. Investors of record on Wednesday, February 12th were given a dividend of $0.34 per share. This represents a $1.36 dividend on an annualized basis and a yield of 4.77%. The ex-dividend date was Wednesday, February 12th. Sandy Spring Bancorp’s dividend payout ratio is 302.22%.

Wall Street Analyst Weigh In

Separately, StockNews.com initiated coverage on shares of Sandy Spring Bancorp in a report on Monday. They issued a “sell” rating on the stock.

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.