Sandy Spring Bancorp, Inc. (NASDAQ:SASR – Get Free Report) Director Kenneth C. Cook sold 746 shares of the business’s stock in a transaction that occurred on Wednesday, March 12th. The stock was sold at an average price of $28.59, for a total value of $21,328.14. Following the sale, the director now owns 289,537 shares of the company’s stock, valued at $8,277,862.83. The trade was a 0.26 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website.
Sandy Spring Bancorp Stock Up 1.5 %
Shares of NASDAQ:SASR opened at $29.12 on Friday. The stock has a market cap of $1.31 billion, a P/E ratio of 64.71 and a beta of 0.96. The company has a quick ratio of 1.02, a current ratio of 1.02 and a debt-to-equity ratio of 0.50. Sandy Spring Bancorp, Inc. has a 52-week low of $19.52 and a 52-week high of $39.55. The business has a fifty day moving average of $32.51 and a two-hundred day moving average of $33.49.
Sandy Spring Bancorp (NASDAQ:SASR – Get Free Report) last released its quarterly 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 5.31% and a net margin of 2.65%. On average, research analysts expect that Sandy Spring Bancorp, Inc. will post 2.48 earnings per share for the current year.
Sandy Spring Bancorp Announces Dividend
Analysts Set New Price Targets
Separately, StockNews.com started coverage on Sandy Spring Bancorp in a research report on Sunday. They set a “sell” rating for the company.
Read Our Latest Analysis on Sandy Spring Bancorp
Hedge Funds Weigh In On Sandy Spring Bancorp
Hedge funds have recently bought and sold shares of the company. JPMorgan Chase & Co. lifted its stake in Sandy Spring Bancorp by 96.9% during the 3rd quarter. JPMorgan Chase & Co. now owns 70,599 shares of the bank’s stock worth $2,215,000 after acquiring an additional 34,735 shares in the last quarter. Massachusetts Financial Services Co. MA lifted its stake in Sandy Spring Bancorp by 10.3% during the 3rd quarter. Massachusetts Financial Services Co. MA now owns 807,940 shares of the bank’s stock worth $25,345,000 after acquiring an additional 75,596 shares in the last quarter. Evermay Wealth Management LLC lifted its stake in Sandy Spring Bancorp by 1,296.9% during the 4th quarter. Evermay Wealth Management LLC now owns 12,572 shares of the bank’s stock worth $424,000 after acquiring an additional 11,672 shares in the last quarter. Geode Capital Management LLC lifted its stake in Sandy Spring Bancorp by 3.4% during the 3rd quarter. Geode Capital Management LLC now owns 1,072,619 shares of the bank’s stock worth $33,654,000 after acquiring an additional 35,271 shares in the last quarter. Finally, New York Life Investment Management LLC acquired a new stake in Sandy Spring Bancorp in the 4th quarter valued at about $2,989,000. Institutional investors and hedge funds own 66.90% of the company’s stock.
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.
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