Sandy Spring Bancorp (NASDAQ:SASR) Issues Quarterly Earnings Results

Sandy Spring Bancorp (NASDAQ:SASR) issued its quarterly earnings data on Tuesday. The bank reported $0.47 EPS for the quarter, missing analysts’ consensus estimates of $0.48 by ($0.01), Zacks reports. Sandy Spring Bancorp had a return on equity of 5.71% and a net margin of 11.54%.

Sandy Spring Bancorp Trading Down 0.2 %

NASDAQ SASR opened at $33.66 on Wednesday. The company has a market capitalization of $1.52 billion, a price-to-earnings ratio of 17.72 and a beta of 0.98. The company’s fifty day moving average price is $34.95 and its two-hundred day moving average price is $32.86. The company has a debt-to-equity ratio of 0.50, a current ratio of 1.02 and a quick ratio of 1.02. Sandy Spring Bancorp has a 12 month low of $19.52 and a 12 month high of $39.55.

Analyst Ratings Changes

Separately, StockNews.com initiated coverage on shares of Sandy Spring Bancorp in a research report on Monday. They issued a “sell” rating for the company. One analyst has rated the stock with a sell rating and four have issued a hold rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $28.25.

Sandy Spring Bancorp Company Profile

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.