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

Investment analysts at StockNews.com began coverage on shares of Sandy Spring Bancorp (NASDAQ:SASR) in a note issued to investors on Sunday. The firm set a “sell” rating on the bank’s stock.

Sandy Spring Bancorp Stock Up 0.9 %

SASR opened at $29.38 on Friday. Sandy Spring Bancorp has a 12 month low of $19.52 and a 12 month high of $39.55. The company has a market cap of $1.33 billion, a PE ratio of 65.29 and a beta of 0.96. 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 50 day moving average of $32.45 and a 200 day moving average of $33.49.

Sandy Spring Bancorp (NASDAQ:SASR) last posted its quarterly earnings results on Tuesday, January 28th. The bank reported $0.47 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%. On average, sell-side analysts expect that Sandy Spring Bancorp will post 2.48 EPS for the current year.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the company. LPL Financial LLC raised its position in shares of Sandy Spring Bancorp by 1.8% in the fourth quarter. LPL Financial LLC now owns 16,987 shares of the bank’s stock worth $573,000 after buying an additional 297 shares in the last quarter. Tritonpoint Wealth LLC increased its stake in Sandy Spring Bancorp by 1.5% in the 4th quarter. Tritonpoint Wealth LLC now owns 20,119 shares of the bank’s stock worth $678,000 after acquiring an additional 302 shares during the last quarter. Cerity Partners LLC raised its holdings in shares of Sandy Spring Bancorp by 1.4% in the 4th quarter. Cerity Partners LLC now owns 26,583 shares of the bank’s stock valued at $895,000 after acquiring an additional 374 shares in the last quarter. Tidal Investments LLC boosted its position in shares of Sandy Spring Bancorp by 1.5% during the 4th quarter. Tidal Investments LLC now owns 27,940 shares of the bank’s stock valued at $942,000 after acquiring an additional 409 shares during the last quarter. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its holdings in shares of Sandy Spring Bancorp by 3.6% during the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 24,986 shares of the bank’s stock worth $842,000 after purchasing an additional 874 shares in the last quarter. 66.90% of the stock is 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.