Research Analysts Offer Predictions for SASR FY2025 Earnings

Sandy Spring Bancorp, Inc. (NASDAQ:SASR) – Analysts at DA Davidson lowered their FY2025 EPS estimates for shares of Sandy Spring Bancorp in a report released on Wednesday, October 23rd. DA Davidson analyst M. Navas now expects that the bank will earn $2.65 per share for the year, down from their previous estimate of $2.80. DA Davidson currently has a “Neutral” rating and a $33.00 target price on the stock. The consensus estimate for Sandy Spring Bancorp’s current full-year earnings is $1.93 per share.

A number of other research firms have also weighed in on SASR. StockNews.com lowered shares of Sandy Spring Bancorp from a “hold” rating to a “sell” rating in a research report on Tuesday, August 27th. Keefe, Bruyette & Woods increased their price objective on shares of Sandy Spring Bancorp from $25.00 to $30.00 and gave the stock a “market perform” rating in a research report on Thursday, July 25th. One analyst has rated the stock with a sell rating and five have issued a hold rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $27.00.

Sandy Spring Bancorp Stock Performance

Sandy Spring Bancorp stock opened at $32.42 on Friday. The company has a debt-to-equity ratio of 0.54, a current ratio of 1.03 and a quick ratio of 1.02. Sandy Spring Bancorp has a 1-year low of $19.27 and a 1-year high of $34.19. The firm has a market capitalization of $1.46 billion, a P/E ratio of 15.89 and a beta of 0.95. The company’s 50-day moving average is $31.52 and its 200 day moving average is $26.85.

Sandy Spring Bancorp (NASDAQ:SASR) last posted its quarterly earnings data on Monday, October 21st. The bank reported $0.40 earnings per share for the quarter, missing analysts’ consensus estimates of $0.46 by ($0.06). Sandy Spring Bancorp had a return on equity of 5.74% and a net margin of 11.54%. The firm had revenue of $189.81 million during the quarter, compared to analysts’ expectations of $101.60 million. During the same period last year, the company earned $0.62 earnings per share.

Sandy Spring Bancorp Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, August 21st. Shareholders of record on Wednesday, August 14th were paid a $0.34 dividend. The ex-dividend date was Wednesday, August 14th. This represents a $1.36 dividend on an annualized basis and a yield of 4.19%. Sandy Spring Bancorp’s dividend payout ratio is currently 66.67%.

Hedge Funds Weigh In On Sandy Spring Bancorp

A number of hedge funds have recently added to or reduced their stakes in SASR. Wellington Management Group LLP boosted its stake in shares of Sandy Spring Bancorp by 16.3% during the fourth quarter. Wellington Management Group LLP now owns 313,534 shares of the bank’s stock valued at $8,541,000 after purchasing an additional 43,987 shares in the last quarter. Wedge Capital Management L L P NC boosted its stake in shares of Sandy Spring Bancorp by 69.1% during the second quarter. Wedge Capital Management L L P NC now owns 148,921 shares of the bank’s stock valued at $3,628,000 after purchasing an additional 60,850 shares in the last quarter. Great Lakes Advisors LLC boosted its stake in shares of Sandy Spring Bancorp by 432.5% during the second quarter. Great Lakes Advisors LLC now owns 192,533 shares of the bank’s stock valued at $4,690,000 after purchasing an additional 156,377 shares in the last quarter. AQR Capital Management LLC boosted its stake in shares of Sandy Spring Bancorp by 5.7% during the second quarter. AQR Capital Management LLC now owns 473,241 shares of the bank’s stock valued at $11,528,000 after purchasing an additional 25,546 shares in the last quarter. Finally, ProShare Advisors LLC boosted its stake in shares of Sandy Spring Bancorp by 5.7% during the first quarter. ProShare Advisors LLC now owns 349,036 shares of the bank’s stock valued at $8,091,000 after purchasing an additional 18,887 shares in the last quarter. 66.90% of the stock is currently owned by 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.