Sandy Spring Bancorp (SASR) Set to Announce Earnings on Wednesday

Sandy Spring Bancorp (NASDAQ:SASR) will be posting its quarterly earnings results before the market opens on Wednesday, January 17th. Analysts expect Sandy Spring Bancorp to post earnings of $0.62 per share for the quarter.

Sandy Spring Bancorp (NASDAQ:SASR) last released its quarterly earnings data on Thursday, October 19th. The bank reported $0.62 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.63 by ($0.01). Sandy Spring Bancorp had a return on equity of 10.61% and a net margin of 24.31%. The business had revenue of $55.44 million during the quarter, compared to analyst estimates of $58.34 million. During the same period in the previous year, the company earned $0.56 EPS. On average, analysts expect Sandy Spring Bancorp to post $2 EPS for the current fiscal year and $3 EPS for the next fiscal year.

Shares of Sandy Spring Bancorp (NASDAQ:SASR) opened at $39.52 on Wednesday. Sandy Spring Bancorp has a 52-week low of $36.50 and a 52-week high of $45.64. The stock has a market cap of $936.23, a price-to-earnings ratio of 16.40 and a beta of 0.99. The company has a quick ratio of 1.03, a current ratio of 1.03 and a debt-to-equity ratio of 1.12.

Several equities research analysts have recently issued reports on the stock. Zacks Investment Research raised shares of Sandy Spring Bancorp from a “hold” rating to a “buy” rating and set a $44.00 price objective for the company in a research report on Wednesday, September 20th. Gabelli assumed coverage on shares of Sandy Spring Bancorp in a research report on Monday. They issued a “buy” rating and a $50.00 price objective for the company. ValuEngine raised shares of Sandy Spring Bancorp from a “hold” rating to a “buy” rating in a research report on Monday, October 2nd. Boenning Scattergood reissued a “hold” rating on shares of Sandy Spring Bancorp in a research report on Friday, October 20th. Finally, BidaskClub raised shares of Sandy Spring Bancorp from a “sell” rating to a “hold” rating in a research report on Wednesday, January 3rd. Three analysts have rated the stock with a hold rating, two have given a buy rating and one has assigned a strong buy rating to the stock. Sandy Spring Bancorp currently has an average rating of “Buy” and an average price target of $45.00.

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Sandy Spring Bancorp Company Profile

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.

Earnings History for Sandy Spring Bancorp (NASDAQ:SASR)

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