Sandy Spring Bancorp (NASDAQ:SASR – Get Free Report)‘s stock had its “equal weight” rating reaffirmed by Stephens in a note issued to investors on Wednesday, Benzinga reports. They currently have a $25.00 price objective on the bank’s stock. Stephens’ price target would indicate a potential upside of 16.99% from the stock’s current price.
SASR has been the subject of a number of other reports. StockNews.com raised shares of Sandy Spring Bancorp from a “sell” rating to a “hold” rating in a research note on Thursday, January 18th. Janney Montgomery Scott assumed coverage on shares of Sandy Spring Bancorp in a research note on Friday, March 1st. They issued a “neutral” rating and a $25.00 target price for the company. One analyst has rated the stock with a sell rating and four have assigned a hold rating to the company. According to MarketBeat.com, Sandy Spring Bancorp presently has an average rating of “Hold” and a consensus target price of $23.50.
View Our Latest Stock Report on SASR
Sandy Spring Bancorp Trading Down 0.6 %
Sandy Spring Bancorp (NASDAQ:SASR – Get Free Report) last announced its earnings results on Tuesday, April 23rd. The bank reported $0.49 earnings per share for the quarter, topping analysts’ consensus estimates of $0.46 by $0.03. Sandy Spring Bancorp had a net margin of 12.74% and a return on equity of 6.69%. The company had revenue of $184.38 million during the quarter, compared to the consensus estimate of $97.45 million. During the same period in the previous year, the firm posted $1.16 earnings per share. Research analysts forecast that Sandy Spring Bancorp will post 2.07 earnings per share for the current fiscal year.
Institutional Investors Weigh In On Sandy Spring Bancorp
Several institutional investors have recently modified their holdings of the business. Arizona State Retirement System grew its position in shares of Sandy Spring Bancorp by 3.4% during the 4th quarter. Arizona State Retirement System now owns 12,542 shares of the bank’s stock worth $342,000 after buying an additional 414 shares during the period. Teton Advisors Inc. grew its position in shares of Sandy Spring Bancorp by 1.5% during the 3rd quarter. Teton Advisors Inc. now owns 34,000 shares of the bank’s stock worth $729,000 after buying an additional 500 shares during the period. Kestra Advisory Services LLC grew its position in shares of Sandy Spring Bancorp by 0.3% during the 3rd quarter. Kestra Advisory Services LLC now owns 163,831 shares of the bank’s stock worth $3,511,000 after buying an additional 505 shares during the period. CWM LLC grew its position in shares of Sandy Spring Bancorp by 30.0% during the 3rd quarter. CWM LLC now owns 2,217 shares of the bank’s stock worth $48,000 after buying an additional 512 shares during the period. Finally, Inspire Investing LLC grew its position in shares of Sandy Spring Bancorp by 5.4% during the 3rd quarter. Inspire Investing LLC now owns 16,297 shares of the bank’s stock worth $349,000 after buying an additional 838 shares during the period. Institutional investors and hedge funds own 66.90% of the company’s stock.
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.
Recommended Stories
- Five stocks we like better than Sandy Spring Bancorp
- What is a Bond Market Holiday? How to Invest and Trade
- Hasbro’s Management Made All the Right Calls This Quarter
- What is the Australian Securities Exchange (ASX)
- Caterpillar’s Market Reset Isn’t Over: Get Ready for Lower Prices
- Golden Cross Stocks: Pattern, Examples and Charts
- Power Surge: Utilities Sector’s Resilience Shines
Receive News & Ratings for Sandy Spring Bancorp Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Sandy Spring Bancorp and related companies with MarketBeat.com's FREE daily email newsletter.