Media stories about Sandy Spring Bancorp (NASDAQ:SASR) have been trending somewhat positive recently, Accern Sentiment reports. The research group identifies positive and negative media coverage by reviewing more than 20 million news and blog sources in real-time. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Sandy Spring Bancorp earned a media sentiment score of 0.16 on Accern’s scale. Accern also assigned news headlines about the bank an impact score of 47.2925441019028 out of 100, indicating that recent media coverage is somewhat unlikely to have an impact on the stock’s share price in the near future.
Here are some of the headlines that may have effected Accern Sentiment’s analysis:
Sandy Spring Bancorp (NASDAQ SASR) traded down $0.17 on Friday, reaching $40.25. 254,921 shares of the company’s stock traded hands, compared to its average volume of 225,435. The company has a quick ratio of 1.03, a current ratio of 1.03 and a debt-to-equity ratio of 1.12. The company has a market cap of $965.76, a PE ratio of 18.30, a P/E/G ratio of 0.88 and a beta of 0.99. Sandy Spring Bancorp has a 1-year low of $36.50 and a 1-year high of $45.64.
Sandy Spring Bancorp (NASDAQ:SASR) last posted its earnings results on Thursday, January 18th. The bank reported $0.64 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.63 by $0.01. The business had revenue of $55.79 million for the quarter, compared to analysts’ expectations of $56.21 million. Sandy Spring Bancorp had a net margin of 21.63% and a return on equity of 10.91%. The business’s revenue for the quarter was up 8.7% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.55 EPS. research analysts forecast that Sandy Spring Bancorp will post 3.13 earnings per share for the current fiscal year.
A number of brokerages recently issued reports on SASR. Boenning Scattergood reiterated a “hold” rating on shares of Sandy Spring Bancorp in a research note on Thursday. Sandler O’Neill set a $44.00 price target on shares of Sandy Spring Bancorp and gave the stock a “hold” rating in a research note on Friday, January 12th. BidaskClub cut shares of Sandy Spring Bancorp from a “hold” rating to a “sell” rating in a research note on Wednesday, January 10th. Gabelli began coverage on shares of Sandy Spring Bancorp in a research note on Monday, January 8th. They issued a “buy” rating and a $50.00 price target on the stock. Finally, Zacks Investment Research upgraded shares of Sandy Spring Bancorp from a “hold” rating to a “strong-buy” rating and set a $45.00 price target on the stock in a research note on Thursday, January 4th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating, two have assigned a buy rating and one has assigned a strong buy rating to the company. Sandy Spring Bancorp presently has an average rating of “Hold” and an average target price of $44.75.
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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.
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