Sandy Spring Bancorp (NASDAQ:SASR) Earns Sell Rating from Analysts at StockNews.com

StockNews.com initiated coverage on shares of Sandy Spring Bancorp (NASDAQ:SASR) in a report released on Monday morning. The firm issued a sell rating on the bank’s stock.

Sandy Spring Bancorp Stock Performance

SASR opened at $33.47 on Monday. The business’s 50-day simple moving average is $34.89 and its 200 day simple moving average is $32.87. Sandy Spring Bancorp has a 52-week low of $19.52 and a 52-week high of $39.55. 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 capitalization of $1.51 billion, a PE ratio of 17.62 and a beta of 0.98.

Sandy Spring Bancorp (NASDAQ:SASR) last announced its quarterly earnings data on Tuesday, January 28th. The bank reported $0.47 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.48 by ($0.01). Sandy Spring Bancorp had a return on equity of 5.71% and a net margin of 11.54%. As a group, sell-side analysts expect that Sandy Spring Bancorp will post 1.85 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Sandy Spring Bancorp

A number of institutional investors and hedge funds have recently modified their holdings of the company. Capital Performance Advisors LLP acquired a new position in Sandy Spring Bancorp during the third quarter worth approximately $29,000. SG Americas Securities LLC acquired a new position in shares of Sandy Spring Bancorp during the 3rd quarter worth approximately $170,000. Stifel Financial Corp bought a new stake in Sandy Spring Bancorp in the 3rd quarter valued at $217,000. CWM LLC lifted its holdings in Sandy Spring Bancorp by 27.4% during the 3rd quarter. CWM LLC now owns 7,086 shares of the bank’s stock valued at $222,000 after purchasing an additional 1,525 shares during the last quarter. Finally, Meeder Asset Management Inc. boosted its position in Sandy Spring Bancorp by 66.2% during the third quarter. Meeder Asset Management Inc. now owns 7,952 shares of the bank’s stock worth $249,000 after purchasing an additional 3,168 shares during the period. 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.