Sandy Spring Bancorp (NASDAQ:SASR) Issues Quarterly Earnings Results

Sandy Spring Bancorp (NASDAQ:SASR) released its quarterly earnings data on Tuesday. The bank reported $0.47 EPS for the quarter, missing analysts’ consensus estimates of $0.48 by ($0.01), Zacks reports. Sandy Spring Bancorp had a return on equity of 5.71% and a net margin of 11.54%.

Sandy Spring Bancorp Stock Performance

Sandy Spring Bancorp stock opened at $33.73 on Tuesday. 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 one year low of $19.52 and a one year high of $39.55. The stock’s 50 day moving average price is $35.02 and its 200 day moving average price is $32.81. The firm has a market capitalization of $1.52 billion, a PE ratio of 17.75 and a beta of 0.98.

Sandy Spring Bancorp Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, November 21st. Investors of record on Thursday, November 14th were issued a dividend of $0.34 per share. The ex-dividend date of this dividend was Thursday, November 14th. This represents a $1.36 annualized dividend and a dividend yield of 4.03%. Sandy Spring Bancorp’s payout ratio is currently 71.58%.

Wall Street Analysts Forecast Growth

Separately, StockNews.com began coverage on shares of Sandy Spring Bancorp in a report on Monday. They issued a “sell” rating on the stock. One research analyst has rated the stock with a sell rating and four have given a hold rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $28.25.

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.