15,669 Shares in Sandy Spring Bancorp, Inc. (NASDAQ:SASR) Acquired by Dynamic Technology Lab Private Ltd

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%.

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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.

Institutional Ownership by Quarter for Sandy Spring Bancorp (NASDAQ:SASR)

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