Brokers Offer Predictions for Sandy Spring Bancorp Inc.’s Q1 2020 Earnings (NASDAQ:SASR)

Sandy Spring Bancorp Inc. (NASDAQ:SASR) – Investment analysts at Boenning Scattergood issued their Q1 2020 earnings estimates for Sandy Spring Bancorp in a research report issued to clients and investors on Wednesday, September 25th, Zacks Investment Research reports. Boenning Scattergood analyst E. Zwick expects that the bank will earn $0.87 per share for the quarter. Boenning Scattergood currently has a “Buy” rating and a $37.25 price objective on the stock. Boenning Scattergood also issued estimates for Sandy Spring Bancorp’s Q2 2020 earnings at $0.86 EPS, Q3 2020 earnings at $0.94 EPS, Q4 2020 earnings at $0.98 EPS and FY2020 earnings at $3.65 EPS.

Several other equities analysts also recently commented on SASR. Sandler O’Neill upgraded Sandy Spring Bancorp from a “hold” rating to a “buy” rating and set a $38.00 price objective on the stock in a research report on Thursday, September 26th. BidaskClub upgraded Sandy Spring Bancorp from a “sell” rating to a “hold” rating in a research report on Tuesday, September 17th. Finally, Zacks Investment Research upgraded Sandy Spring Bancorp from a “hold” rating to a “buy” rating and set a $38.00 target price on the stock in a research report on Wednesday, October 2nd. Two equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. The company presently has an average rating of “Buy” and a consensus price target of $38.45.

Shares of Sandy Spring Bancorp stock traded up $0.18 during trading hours on Friday, hitting $33.22. The company’s stock had a trading volume of 140,875 shares, compared to its average volume of 214,669. The business has a 50 day moving average price of $34.03 and a two-hundred day moving average price of $33.99. Sandy Spring Bancorp has a 12-month low of $29.83 and a 12-month high of $39.92. The company has a market cap of $1.17 billion, a PE ratio of 11.62, a PEG ratio of 1.39 and a beta of 0.84. The company has a debt-to-equity ratio of 0.55, a quick ratio of 1.01 and a current ratio of 1.02.

Sandy Spring Bancorp (NASDAQ:SASR) last announced its quarterly earnings data on Thursday, July 18th. The bank reported $0.79 EPS for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.79. Sandy Spring Bancorp had a return on equity of 10.14% and a net margin of 27.80%. The business had revenue of $82.74 million for the quarter, compared to the consensus estimate of $82.39 million. During the same period in the previous year, the business earned $0.68 earnings per share. The business’s revenue was up 5.1% on a year-over-year basis.

Several large investors have recently bought and sold shares of the stock. Royal Bank of Canada raised its position in Sandy Spring Bancorp by 40.6% during the second quarter. Royal Bank of Canada now owns 1,125 shares of the bank’s stock valued at $39,000 after purchasing an additional 325 shares during the period. Coastal Investment Advisors Inc. raised its position in Sandy Spring Bancorp by 87.4% during the second quarter. Coastal Investment Advisors Inc. now owns 937 shares of the bank’s stock valued at $32,000 after purchasing an additional 437 shares during the period. Zebra Capital Management LLC raised its position in Sandy Spring Bancorp by 6.4% during the second quarter. Zebra Capital Management LLC now owns 7,808 shares of the bank’s stock valued at $272,000 after purchasing an additional 467 shares during the period. Janney Montgomery Scott LLC raised its position in Sandy Spring Bancorp by 5.7% during the second quarter. Janney Montgomery Scott LLC now owns 10,574 shares of the bank’s stock valued at $369,000 after purchasing an additional 570 shares during the period. Finally, Bank of America Corp DE raised its position in Sandy Spring Bancorp by 0.3% during the second quarter. Bank of America Corp DE now owns 303,802 shares of the bank’s stock valued at $10,597,000 after purchasing an additional 1,017 shares during the period. Institutional investors own 70.34% of the company’s stock.

About Sandy Spring Bancorp

Sandy Spring Bancorp, Inc operates as the bank holding company for Sandy Spring Bank that provides commercial banking services to individuals and businesses in central Maryland, Northern Virginia, and Washington DC The company operates in three segments: Community Banking, Insurance, and Investment Management.

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Earnings History and Estimates for Sandy Spring Bancorp (NASDAQ:SASR)

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