News articles about Sandy Spring Bancorp (NASDAQ:SASR) have trended somewhat positive this week, Accern Sentiment Analysis reports. Accern identifies negative and positive press coverage by analyzing more than twenty million blog and news sources in real-time. Accern ranks coverage of companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Sandy Spring Bancorp earned a news sentiment score of 0.19 on Accern’s scale. Accern also gave news stories about the bank an impact score of 46.3456807455475 out of 100, indicating that recent press coverage is somewhat unlikely to have an effect on the stock’s share price in the next few days.
Sandy Spring Bancorp stock opened at $41.46 on Monday. The company has a quick ratio of 1.07, a current ratio of 1.08 and a debt-to-equity ratio of 1.03. Sandy Spring Bancorp has a 52 week low of $36.41 and a 52 week high of $43.13. The firm has a market cap of $1.47 billion, a PE ratio of 15.53, a price-to-earnings-growth ratio of 1.15 and a beta of 0.85.
Sandy Spring Bancorp (NASDAQ:SASR) last posted its quarterly earnings results on Thursday, April 19th. The bank reported $0.80 EPS for the quarter, topping analysts’ consensus estimates of $0.75 by $0.05. The company had revenue of $81.03 million during the quarter, compared to analysts’ expectations of $78.10 million. Sandy Spring Bancorp had a return on equity of 10.94% and a net margin of 21.34%. Sandy Spring Bancorp’s revenue was up 48.2% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.63 EPS. research analysts forecast that Sandy Spring Bancorp will post 3.25 EPS for the current year.
The company also recently disclosed a quarterly dividend, which was paid on Wednesday, May 16th. Investors of record on Wednesday, May 9th were given a dividend of $0.28 per share. The ex-dividend date of this dividend was Tuesday, May 8th. This represents a $1.12 dividend on an annualized basis and a yield of 2.70%. This is a positive change from Sandy Spring Bancorp’s previous quarterly dividend of $0.26. Sandy Spring Bancorp’s payout ratio is currently 44.09%.
A number of research firms have recently commented on SASR. Zacks Investment Research raised Sandy Spring Bancorp from a “hold” rating to a “buy” rating and set a $45.00 price target for the company in a report on Tuesday, April 24th. ValuEngine cut Sandy Spring Bancorp from a “hold” rating to a “sell” rating in a report on Wednesday, May 2nd. Boenning Scattergood reissued a “hold” rating on shares of Sandy Spring Bancorp in a report on Friday, April 20th. BidaskClub raised Sandy Spring Bancorp from a “sell” rating to a “hold” rating in a report on Thursday, March 29th. Finally, Keefe, Bruyette & Woods raised Sandy Spring Bancorp from a “market perform” rating to an “outperform” rating and set a $47.00 price target for the company in a report on Tuesday, April 24th. One research analyst has rated the stock with a sell rating, four have issued a hold rating and three have assigned a buy rating to the company. Sandy Spring Bancorp presently has a consensus rating of “Hold” and a consensus price target of $46.20.
In related news, Director Joseph S. Bracewell sold 50,000 shares of the business’s stock in a transaction on Monday, March 5th. The stock was sold at an average price of $39.21, for a total transaction of $1,960,500.00. Following the sale, the director now owns 42,173 shares in the company, valued at approximately $1,653,603.33. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Mark C. Michael sold 1,000 shares of the business’s stock in a transaction on Monday, April 23rd. The stock was sold at an average price of $40.00, for a total value of $40,000.00. Following the sale, the director now owns 100,590 shares in the company, valued at approximately $4,023,600. The disclosure for this sale can be found here. Insiders have sold a total of 89,400 shares of company stock worth $3,530,667 in the last 90 days. 3.31% of the stock is currently owned by corporate insiders.
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 markets. It operates through three segments: Community Banking, Insurance, and Investment Management.
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