Sandy Spring Bancorp, Inc. (NASDAQ:SASR) will issue its quarterly earnings data before the market opens on Thursday, July 20th. Analysts expect the company to announce earnings of $0.58 per share for the quarter.
Sandy Spring Bancorp (NASDAQ:SASR) last issued its quarterly earnings results on Thursday, April 20th. The bank reported $0.63 earnings per share for the quarter, topping the consensus estimate of $0.54 by $0.09. Sandy Spring Bancorp had a return on equity of 9.80% and a net margin of 23.34%. The firm had revenue of $52.89 million for the quarter, compared to the consensus estimate of $53.46 million. During the same period in the prior year, the business posted $0.45 earnings per share. On average, analysts expect Sandy Spring Bancorp to post $2.45 EPS for the current fiscal year and $2.75 EPS for the next fiscal year.
Shares of Sandy Spring Bancorp, Inc. (NASDAQ:SASR) opened at 39.87 on Tuesday. Sandy Spring Bancorp, Inc. has a one year low of $27.86 and a one year high of $45.64. The stock has a market capitalization of $955.84 million, a P/E ratio of 18.33 and a beta of 1.02. The stock has a 50 day moving average price of $39.72 and a 200 day moving average price of $40.94.
A number of research firms recently commented on SASR. BidaskClub cut Sandy Spring Bancorp from a “buy” rating to a “hold” rating in a report on Sunday. Keefe, Bruyette & Woods reiterated a “hold” rating and issued a $40.00 price objective on shares of Sandy Spring Bancorp in a report on Friday, April 21st. ValuEngine upgraded Sandy Spring Bancorp from a “hold” rating to a “buy” rating in a report on Wednesday, May 17th. Finally, Zacks Investment Research cut Sandy Spring Bancorp from a “buy” rating to a “hold” rating in a report on Thursday, March 23rd.
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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.
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