Sandy Spring Bancorp, Inc. (NASDAQ:SASR) Declares Quarterly Dividend of $0.34

Sandy Spring Bancorp, Inc. (NASDAQ:SASR) declared a quarterly dividend on Thursday, January 30th,RTT News reports. Shareholders of record on Wednesday, February 12th will be given a dividend of 0.34 per share by the bank on Wednesday, February 19th. This represents a $1.36 annualized dividend and a yield of 4.00%.

Sandy Spring Bancorp has raised its dividend by an average of 2.0% annually over the last three years. Sandy Spring Bancorp has a payout ratio of 41.8% indicating that its dividend is sufficiently covered by earnings. Equities analysts expect Sandy Spring Bancorp to earn $2.51 per share next year, which means the company should continue to be able to cover its $1.36 annual dividend with an expected future payout ratio of 54.2%.

Sandy Spring Bancorp Stock Performance

Shares of Sandy Spring Bancorp stock opened at $33.96 on Thursday. Sandy Spring Bancorp has a 12 month low of $19.52 and a 12 month high of $39.55. The company has a quick ratio of 1.02, a current ratio of 1.02 and a debt-to-equity ratio of 0.50. The stock has a market cap of $1.53 billion, a PE ratio of 17.88 and a beta of 0.98. The business has a fifty day simple moving average of $34.89 and a 200-day simple moving average of $32.87.

Sandy Spring Bancorp (NASDAQ:SASR) last announced its quarterly earnings data 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 5.71% and a net margin of 11.54%. On average, sell-side analysts anticipate that Sandy Spring Bancorp will post 1.85 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Separately, StockNews.com started coverage on shares of Sandy Spring Bancorp in a research note 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 company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus 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.