Sandy Spring Bancorp, Inc. (NASDAQ:SASR) Stake Decreased by Inspire Advisors LLC

Inspire Advisors LLC lessened its holdings in shares of Sandy Spring Bancorp, Inc. (NASDAQ:SASR) by 8.2% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 6,747 shares of the bank’s stock after selling 603 shares during the period. Inspire Advisors LLC’s holdings in Sandy Spring Bancorp were worth $227,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds also recently made changes to their positions in SASR. Stifel Financial Corp bought a new stake in shares of Sandy Spring Bancorp during the third quarter valued at approximately $217,000. Associated Banc Corp bought a new stake in Sandy Spring Bancorp during the third quarter worth approximately $249,000. Meeder Asset Management Inc. raised its holdings in Sandy Spring Bancorp by 66.2% during the third quarter. Meeder Asset Management Inc. now owns 7,952 shares of the bank’s stock worth $249,000 after purchasing an additional 3,168 shares in the last quarter. Heritage Investors Management Corp bought a new stake in Sandy Spring Bancorp during the fourth quarter worth approximately $281,000. Finally, Intech Investment Management LLC bought a new stake in Sandy Spring Bancorp during the third quarter worth approximately $314,000. Institutional investors own 66.90% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, StockNews.com started coverage on Sandy Spring Bancorp in a report on Saturday, March 8th. They set a “sell” rating on the stock.

Sandy Spring Bancorp Trading Up 0.7 %

NASDAQ SASR opened at $28.80 on Thursday. Sandy Spring Bancorp, Inc. has a 1-year low of $19.52 and a 1-year high of $39.55. The company has a current ratio of 1.02, a quick ratio of 1.02 and a debt-to-equity ratio of 0.50. The company has a market capitalization of $1.30 billion, a PE ratio of 64.00 and a beta of 0.96. The firm’s fifty day simple moving average is $32.67 and its 200-day simple moving average is $33.52.

Sandy Spring Bancorp (NASDAQ:SASR) last issued its quarterly earnings data on Tuesday, January 28th. The bank reported $0.47 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.48 by ($0.01). Sandy Spring Bancorp had a return on equity of 5.31% and a net margin of 2.65%. As a group, sell-side analysts anticipate that Sandy Spring Bancorp, Inc. will post 2.48 earnings per share for the current fiscal year.

Sandy Spring Bancorp Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, February 19th. Investors of record on Wednesday, February 12th were issued a $0.34 dividend. This represents a $1.36 dividend on an annualized basis and a yield of 4.72%. The ex-dividend date of this dividend was Wednesday, February 12th. Sandy Spring Bancorp’s dividend payout ratio is presently 302.22%.

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.