News articles about Sandy Spring Bancorp (NASDAQ:SASR) have trended somewhat positive recently, Accern Sentiment reports. Accern identifies positive and negative press coverage by analyzing more than twenty million news and blog sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Sandy Spring Bancorp earned a news impact score of 0.15 on Accern’s scale. Accern also gave news headlines about the bank an impact score of 45.348080736513 out of 100, indicating that recent press coverage is somewhat unlikely to have an impact on the stock’s share price in the next several days.
Shares of Sandy Spring Bancorp (NASDAQ SASR) opened at $39.99 on Monday. Sandy Spring Bancorp has a one year low of $36.41 and a one year high of $45.64. The stock has a market capitalization of $1,417.77, a P/E ratio of 18.18, a price-to-earnings-growth ratio of 1.03 and a beta of 0.87. The company has a current ratio of 1.07, a quick ratio of 1.07 and a debt-to-equity ratio of 1.36.
Sandy Spring Bancorp (NASDAQ:SASR) last announced its quarterly earnings data on Thursday, January 18th. The bank reported $0.64 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.63 by $0.01. Sandy Spring Bancorp had a return on equity of 10.87% and a net margin of 21.63%. The firm had revenue of $55.79 million for the quarter, compared to analysts’ expectations of $56.21 million. During the same quarter in the prior year, the firm posted $0.55 earnings per share. Sandy Spring Bancorp’s revenue for the quarter was up 8.7% compared to the same quarter last year. equities research analysts expect that Sandy Spring Bancorp will post 3.05 EPS for the current fiscal year.
Several research analysts recently commented on SASR shares. Sandler O’Neill set a $44.00 price target on Sandy Spring Bancorp and gave the stock a “hold” rating in a research note on Friday, January 12th. Zacks Investment Research upgraded Sandy Spring Bancorp from a “sell” rating to a “hold” rating in a research note on Saturday, December 23rd. Gabelli started coverage on Sandy Spring Bancorp in a research note on Monday, January 8th. They issued a “buy” rating and a $50.00 price target on the stock. BidaskClub upgraded Sandy Spring Bancorp from a “sell” rating to a “hold” rating in a research note on Wednesday, January 3rd. Finally, Boenning Scattergood restated a “hold” rating on shares of Sandy Spring Bancorp in a research note on Tuesday, January 2nd. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and three have issued a buy rating to the company’s stock. Sandy Spring Bancorp currently has an average rating of “Hold” and an average price target of $44.80.
In other news, Director Joe Reeder sold 1,538 shares of the company’s stock in a transaction that occurred on Thursday, January 25th. The stock was sold at an average price of $38.63, for a total transaction of $59,412.94. Following the completion of the transaction, the director now directly owns 154,473 shares of the company’s stock, valued at $5,967,291.99. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Shaza L. Andersen sold 8,546 shares of the company’s stock in a transaction that occurred on Monday, January 22nd. The shares were sold at an average price of $39.64, for a total value of $338,763.44. Following the transaction, the director now directly owns 77,344 shares of the company’s stock, valued at $3,065,916.16. The disclosure for this sale can be found here. Insiders have sold 93,256 shares of company stock worth $3,660,166 in the last 90 days. 2.60% of the stock is currently owned by insiders.
ILLEGAL ACTIVITY WARNING: “Sandy Spring Bancorp (SASR) Receives Media Sentiment Score of 0.15” was originally published by BBNS and is the sole property of of BBNS. If you are reading this article on another site, it was illegally copied and republished in violation of United States & international trademark and copyright legislation. The legal version of this article can be read at https://baseballnewssource.com/2018/03/12/sandy-spring-bancorp-sasr-receives-media-sentiment-score-of-0-15/2015098.html.
About Sandy Spring Bancorp
Sandy Spring Bancorp, Inc is the bank holding company for Sandy Spring Bank (the Bank). The Company operates through three segments: Community Banking, Insurance and Investment Management. The Company’s Community Banking segment operates through Sandy Spring Bank and involves delivering a range of financial products and services, including various loan and deposit products to both individuals and businesses.
Receive News & Ratings for Sandy Spring Bancorp Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Sandy Spring Bancorp and related companies with MarketBeat.com's FREE daily email newsletter.