Dynamic Technology Lab Private Ltd acquired a new position in Sandy Spring Bancorp, Inc. (NASDAQ:SASR) in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 15,669 shares of the bank’s stock, valued at approximately $649,000. Dynamic Technology Lab Private Ltd owned approximately 0.07% of Sandy Spring Bancorp at the end of the most recent quarter.
Several other hedge funds have also bought and sold shares of the company. Bronfman E.L. Rothschild L.P. bought a new stake in Sandy Spring Bancorp in the 2nd quarter valued at about $133,000. BNP Paribas Arbitrage SA increased its holdings in Sandy Spring Bancorp by 554.4% in the 2nd quarter. BNP Paribas Arbitrage SA now owns 3,586 shares of the bank’s stock valued at $146,000 after acquiring an additional 3,038 shares during the last quarter. First Quadrant L P CA bought a new stake in Sandy Spring Bancorp in the 2nd quarter valued at $146,000. Court Place Advisors LLC bought a new stake in Sandy Spring Bancorp in the 3rd quarter valued at $200,000. Finally, Victory Capital Management Inc. increased its holdings in Sandy Spring Bancorp by 17.6% in the 2nd quarter. Victory Capital Management Inc. now owns 5,066 shares of the bank’s stock valued at $206,000 after acquiring an additional 759 shares during the last quarter. 70.37% of the stock is owned by hedge funds and other institutional investors.
A number of brokerages have issued reports on SASR. BidaskClub upgraded shares of Sandy Spring Bancorp from a “sell” rating to a “hold” rating in a report on Saturday, August 26th. Zacks Investment Research downgraded shares of Sandy Spring Bancorp from a “hold” rating to a “sell” rating in a report on Wednesday, October 25th. ValuEngine upgraded shares of Sandy Spring Bancorp from a “hold” rating to a “buy” rating in a report on Monday, October 2nd. Finally, Boenning Scattergood restated a “hold” rating on shares of Sandy Spring Bancorp in a report on Friday, October 20th. One analyst has rated the stock with a sell rating, three have given a hold rating and one has assigned a buy rating to the company. The company has a consensus rating of “Hold” and an average target price of $42.00.
Shares of Sandy Spring Bancorp, Inc. (NASDAQ SASR) opened at $40.24 on Tuesday. The firm has a market cap of $943.67, a PE ratio of 16.32 and a beta of 0.99. Sandy Spring Bancorp, Inc. has a fifty-two week low of $36.50 and a fifty-two week high of $45.64. The company has a quick ratio of 1.03, a current ratio of 1.03 and a debt-to-equity ratio of 1.12.
Sandy Spring Bancorp (NASDAQ:SASR) last issued its quarterly earnings results on Thursday, October 19th. The bank reported $0.62 EPS for the quarter, missing the consensus estimate of $0.63 by ($0.01). The firm had revenue of $55.44 million for the quarter, compared to the consensus estimate of $58.34 million. Sandy Spring Bancorp had a net margin of 24.31% and a return on equity of 10.61%. During the same quarter in the previous year, the company posted $0.56 earnings per share. research analysts anticipate that Sandy Spring Bancorp, Inc. will post 2.47 earnings per share for the current year.
The company also recently declared a quarterly dividend, which was paid on Wednesday, November 15th. Investors of record on Wednesday, November 8th were issued a dividend of $0.26 per share. The ex-dividend date of this dividend was Tuesday, November 7th. This represents a $1.04 annualized dividend and a yield of 2.58%. Sandy Spring Bancorp’s payout ratio is 43.15%.
COPYRIGHT VIOLATION NOTICE: “15,669 Shares in Sandy Spring Bancorp, Inc. (NASDAQ:SASR) Acquired by Dynamic Technology Lab Private Ltd” was first posted by Dispatch Tribunal and is the sole property of of Dispatch Tribunal. If you are reading this report on another website, it was illegally stolen and reposted in violation of US & international copyright and trademark laws. The legal version of this report can be viewed at https://www.dispatchtribunal.com/2017/12/05/dynamic-technology-lab-private-ltd-takes-649000-position-in-sandy-spring-bancorp-inc-sasr.html.
About Sandy Spring Bancorp
Sandy Spring Bancorp, Inc is the bank holding company for Sandy Spring Bank (the Bank). The Company operates through three segments: Community Banking, Insurance and Investment Management. The Company’s Community Banking segment operates through Sandy Spring Bank and involves delivering a range of financial products and services, including various loan and deposit products to both individuals and businesses.
Receive News & Ratings for Sandy Spring Bancorp Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Sandy Spring Bancorp Inc. and related companies with MarketBeat.com's FREE daily email newsletter.