Boenning Scattergood reiterated their hold rating on shares of Sandy Spring Bancorp (NASDAQ:SASR) in a research report report published on Tuesday, January 2nd. Boenning Scattergood also issued estimates for Sandy Spring Bancorp’s Q4 2017 earnings at $0.42 EPS and FY2017 earnings at $2.29 EPS.
A number of other equities analysts also recently issued reports on SASR. Zacks Investment Research downgraded shares of Sandy Spring Bancorp from a hold rating to a sell rating in a report on Wednesday, October 25th. ValuEngine upgraded shares of Sandy Spring Bancorp from a hold rating to a buy rating in a report on Monday, October 2nd. One research analyst has rated the stock with a sell rating, two have assigned a hold rating, two have assigned a buy rating and one has assigned a strong buy rating to the stock. Sandy Spring Bancorp presently has an average rating of Buy and a consensus price target of $45.00.
Shares of Sandy Spring Bancorp (NASDAQ SASR) traded up $0.19 on Tuesday, reaching $39.71. 195,800 shares of the company traded hands, compared to its average volume of 249,971. Sandy Spring Bancorp has a 1 year low of $36.50 and a 1 year high of $45.64. The stock has a market cap of $936.23, a P/E ratio of 16.48 and a beta of 0.99. The company has a debt-to-equity ratio of 1.12, a quick ratio of 1.03 and a current ratio of 1.03.
A number of hedge funds have recently made changes to their positions in the business. Dalton Greiner Hartman Maher & Co. raised its stake in shares of Sandy Spring Bancorp by 6.1% during the fourth quarter. Dalton Greiner Hartman Maher & Co. now owns 648,668 shares of the bank’s stock valued at $25,311,000 after purchasing an additional 37,386 shares during the period. Sterling Capital Management LLC bought a new stake in shares of Sandy Spring Bancorp in the third quarter worth $1,154,000. Magnetar Financial LLC bought a new stake in shares of Sandy Spring Bancorp in the third quarter worth $203,000. OxFORD Asset Management LLP increased its stake in Sandy Spring Bancorp by 112.5% during the third quarter. OxFORD Asset Management LLP now owns 45,876 shares of the bank’s stock valued at $1,899,000 after purchasing an additional 24,292 shares during the last quarter. Finally, KBC Group NV bought a new stake in Sandy Spring Bancorp during the third quarter valued at $139,000. 70.37% of the stock is currently owned by hedge funds and other institutional investors.
ILLEGAL ACTIVITY WARNING: “Sandy Spring Bancorp (SASR) Earns Hold Rating from Boenning Scattergood” was reported by StockNewsTimes and is the property of of StockNewsTimes. If you are reading this story on another website, it was illegally copied and reposted in violation of international trademark and copyright laws. The correct version of this story can be viewed at https://stocknewstimes.com/2018/01/11/boenning-scattergood-reiterates-hold-rating-for-sandy-spring-bancorp-sasr.html.
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.
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.