Sandy Spring Bancorp (NASDAQ:SASR) Issues Earnings Results

Sandy Spring Bancorp (NASDAQ:SASR) announced its earnings results on Tuesday. The bank reported $0.47 earnings per share for the quarter, missing the consensus estimate of $0.48 by ($0.01), Zacks reports. Sandy Spring Bancorp had a net margin of 11.54% and a return on equity of 5.71%.

Sandy Spring Bancorp Trading Up 3.0 %

NASDAQ:SASR opened at $33.73 on Tuesday. The company has a market cap of $1.52 billion, a PE ratio of 17.75 and a beta of 0.98. The business’s 50 day moving average is $35.02 and its two-hundred day moving average is $32.81. 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 has a 52 week low of $19.52 and a 52 week high of $39.55.

Sandy Spring Bancorp Dividend Announcement

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

Analyst Ratings Changes

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

About Sandy Spring Bancorp

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.