Sandy Spring Bancorp (NASDAQ:SASR) Coverage Initiated at StockNews.com

Equities research analysts at StockNews.com began coverage on shares of Sandy Spring Bancorp (NASDAQ:SASR) in a report released on Monday. The firm set a “sell” rating on the bank’s stock.

Sandy Spring Bancorp Trading Down 0.2 %

Shares of SASR stock opened at $33.66 on Monday. Sandy Spring Bancorp has a 1 year low of $19.52 and a 1 year high of $39.55. The firm has a market capitalization of $1.52 billion, a PE ratio of 17.72 and a beta of 0.98. The stock has a fifty day moving average of $34.95 and a two-hundred day moving average of $32.86. 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 (NASDAQ:SASR) last issued its quarterly earnings data 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 net margin of 11.54% and a return on equity of 5.71%. As a group, research analysts expect that Sandy Spring Bancorp will post 1.85 EPS for the current year.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the stock. Sei Investments Co. boosted its stake in Sandy Spring Bancorp by 198.7% during the 2nd quarter. Sei Investments Co. now owns 63,574 shares of the bank’s stock valued at $1,549,000 after purchasing an additional 42,290 shares in the last quarter. AQR Capital Management LLC lifted its holdings in shares of Sandy Spring Bancorp by 5.7% in the second quarter. AQR Capital Management LLC now owns 473,241 shares of the bank’s stock valued at $11,528,000 after buying an additional 25,546 shares during the period. The Manufacturers Life Insurance Company boosted its stake in Sandy Spring Bancorp by 8.2% during the second quarter. The Manufacturers Life Insurance Company now owns 23,438 shares of the bank’s stock valued at $571,000 after buying an additional 1,774 shares in the last quarter. Algert Global LLC grew its holdings in Sandy Spring Bancorp by 368.2% during the second quarter. Algert Global LLC now owns 64,419 shares of the bank’s stock worth $1,569,000 after acquiring an additional 50,659 shares during the period. Finally, Creative Planning raised its position in Sandy Spring Bancorp by 4.8% in the second quarter. Creative Planning now owns 59,184 shares of the bank’s stock worth $1,442,000 after acquiring an additional 2,701 shares in the last quarter. 66.90% of the stock is currently 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.