Sandy Spring Bancorp, Inc. (SASR) Set to Announce Quarterly Earnings on Thursday

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.

ILLEGAL ACTIVITY WARNING: “Sandy Spring Bancorp, Inc. (SASR) Set to Announce Quarterly Earnings on Thursday” was first reported by Community Financial News and is the property of of Community Financial News. If you are accessing this piece of content on another website, it was stolen and reposted in violation of U.S. & international copyright law. The original version of this piece of content can be viewed at https://www.com-unik.info/2017/07/18/sandy-spring-bancorp-inc-sasr-set-to-announce-quarterly-earnings-on-thursday.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.

Earnings History for Sandy Spring Bancorp (NASDAQ:SASR)

What are top analysts saying about Sandy Spring Bancorp Inc.? - Enter your email address in the form below to receive our free daily email newsletter that contains the latest headlines and analysts' recommendations for for Sandy Spring Bancorp Inc. and related companies.

Comments

Leave a Reply


share news on Facebook
tweet this investment news
share on linkedin
share on StockTwits
share on Google Plus
share on reddit