Sandy Spring Bancorp (SASR) Expected to Announce Quarterly Earnings on Tuesday

Sandy Spring Bancorp (NASDAQ:SASR) is anticipated to release its earnings data before the market opens on Tuesday, April 22nd. Analysts expect Sandy Spring Bancorp to post earnings of $0.52 per share and revenue of $108.02 million for the quarter.

Sandy Spring Bancorp (NASDAQ:SASR) last released its quarterly earnings data on Tuesday, January 28th. The bank reported $0.47 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.48 by ($0.01). Sandy Spring Bancorp had a return on equity of 5.31% and a net margin of 2.65%. On average, analysts expect Sandy Spring Bancorp to post $2 EPS for the current fiscal year and $3 EPS for the next fiscal year.

Sandy Spring Bancorp Stock Performance

NASDAQ:SASR opened at $27.87 on Monday. The firm’s fifty day simple moving average is $29.71 and its 200 day simple moving average is $32.88. The company has a current ratio of 1.02, a quick ratio of 1.02 and a debt-to-equity ratio of 0.50. Sandy Spring Bancorp has a twelve month low of $20.42 and a twelve month high of $39.55. The firm has a market capitalization of $1.26 billion, a price-to-earnings ratio of 61.93 and a beta of 0.96.

Sandy Spring Bancorp Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, February 19th. Shareholders of record on Wednesday, February 12th were paid a dividend of $0.34 per share. This represents a $1.36 dividend on an annualized basis and a dividend yield of 4.88%. The ex-dividend date was Wednesday, February 12th. Sandy Spring Bancorp’s dividend payout ratio is presently 302.22%.

Analyst Upgrades and Downgrades

Separately, StockNews.com started coverage on Sandy Spring Bancorp in a report on Thursday. They set a “sell” rating on the stock.

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.