StockNews.com Initiates Coverage on Sandy Spring Bancorp (NASDAQ:SASR)

StockNews.com began coverage on shares of Sandy Spring Bancorp (NASDAQ:SASR) in a research note released on Monday morning. The firm issued a sell rating on the bank’s stock.

Sandy Spring Bancorp Stock Performance

NASDAQ SASR opened at $33.47 on Monday. The company has a debt-to-equity ratio of 0.50, a quick ratio of 1.02 and a current ratio of 1.02. Sandy Spring Bancorp has a fifty-two week low of $19.52 and a fifty-two week high of $39.55. The stock has a market cap of $1.51 billion, a PE ratio of 17.62 and a beta of 0.98. The firm’s fifty day moving average price is $34.89 and its two-hundred day moving average price is $32.87.

Sandy Spring Bancorp (NASDAQ:SASR) last posted its earnings results on Tuesday, January 28th. The bank reported $0.47 earnings per share for the quarter, missing analysts’ consensus estimates of $0.48 by ($0.01). Sandy Spring Bancorp had a return on equity of 5.71% and a net margin of 11.54%. On average, equities analysts expect that Sandy Spring Bancorp will post 1.85 EPS for the current fiscal year.

Institutional Trading of Sandy Spring Bancorp

Several institutional investors have recently added to or reduced their stakes in the stock. Capital Performance Advisors LLP acquired a new position in shares of Sandy Spring Bancorp in the 3rd quarter worth approximately $29,000. SG Americas Securities LLC acquired a new position in Sandy Spring Bancorp in the third quarter valued at $170,000. Stifel Financial Corp bought a new stake in Sandy Spring Bancorp during the third quarter valued at $217,000. CWM LLC grew its holdings in Sandy Spring Bancorp by 27.4% during the 3rd quarter. CWM LLC now owns 7,086 shares of the bank’s stock worth $222,000 after acquiring an additional 1,525 shares during the period. Finally, Meeder Asset Management Inc. raised its position in shares of Sandy Spring Bancorp by 66.2% in the 3rd quarter. Meeder Asset Management Inc. now owns 7,952 shares of the bank’s stock worth $249,000 after acquiring an additional 3,168 shares in the last quarter. 66.90% of the stock is currently owned by institutional investors.

Sandy Spring Bancorp Company Profile

Sandy Spring Bancorp, Inc operates as the bank holding company for Sandy Spring Bank that provides commercial and retail banking, mortgage, private banking, and trust services to individuals and businesses in the United States. It offers financial products and services, including various loan and deposit products.