Sandy Spring Bancorp Inc. (NASDAQ:SASR) – Research analysts at G.Research increased their FY2019 EPS estimates for Sandy Spring Bancorp in a report issued on Friday, October 18th. G.Research analyst S. Comery now anticipates that the bank will earn $3.25 per share for the year, up from their prior estimate of $3.20.
Sandy Spring Bancorp (NASDAQ:SASR) last announced its quarterly earnings data on Thursday, October 17th. The bank reported $0.82 EPS for the quarter, topping the consensus estimate of $0.80 by $0.02. The company had revenue of $85.36 million during the quarter, compared to the consensus estimate of $84.70 million. Sandy Spring Bancorp had a net margin of 27.41% and a return on equity of 10.22%. During the same quarter last year, the firm posted $0.79 EPS.
Shares of SASR stock opened at $34.56 on Monday. The company has a market cap of $1.24 billion, a price-to-earnings ratio of 12.08, a price-to-earnings-growth ratio of 1.42 and a beta of 0.84. Sandy Spring Bancorp has a 52 week low of $29.83 and a 52 week high of $37.38. The company has a quick ratio of 1.01, a current ratio of 1.02 and a debt-to-equity ratio of 0.55. The firm has a 50 day moving average of $34.12 and a 200-day moving average of $34.13.
Hedge funds and other institutional investors have recently bought and sold shares of the stock. BlackRock Inc. raised its stake in shares of Sandy Spring Bancorp by 16.6% during the 2nd quarter. BlackRock Inc. now owns 3,436,120 shares of the bank’s stock worth $119,852,000 after purchasing an additional 488,194 shares during the period. Northern Trust Corp raised its stake in shares of Sandy Spring Bancorp by 1.8% during the 2nd quarter. Northern Trust Corp now owns 679,225 shares of the bank’s stock worth $23,691,000 after purchasing an additional 11,958 shares during the period. Dalton Greiner Hartman Maher & Co. raised its stake in shares of Sandy Spring Bancorp by 2.3% during the 3rd quarter. Dalton Greiner Hartman Maher & Co. now owns 581,846 shares of the bank’s stock worth $19,614,000 after purchasing an additional 13,085 shares during the period. Investment Counselors of Maryland LLC raised its stake in shares of Sandy Spring Bancorp by 1.1% during the 2nd quarter. Investment Counselors of Maryland LLC now owns 557,083 shares of the bank’s stock worth $19,431,000 after purchasing an additional 6,017 shares during the period. Finally, Nuveen Asset Management LLC bought a new stake in shares of Sandy Spring Bancorp during the 2nd quarter worth $14,713,000. 70.35% of the stock is owned by institutional investors and hedge funds.
Sandy Spring Bancorp Company Profile
Sandy Spring Bancorp, Inc operates as the bank holding company for Sandy Spring Bank that provides commercial banking services to individuals and businesses in central Maryland, Northern Virginia, and Washington DC The company operates in three segments: Community Banking, Insurance, and Investment Management.
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