Media stories about Sandy Spring Bancorp (NASDAQ:SASR) have trended somewhat positive this week, Accern Sentiment reports. The research firm identifies negative and positive news coverage by analyzing more than 20 million blog and news sources in real time. Accern ranks coverage of companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Sandy Spring Bancorp earned a coverage optimism score of 0.08 on Accern’s scale. Accern also assigned media stories about the bank an impact score of 28 out of 100, indicating that recent news coverage is unlikely to have an effect on the stock’s share price in the next several days.
Sandy Spring Bancorp (NASDAQ SASR) traded down 0.81% during midday trading on Friday, hitting $37.81. The stock had a trading volume of 73,424 shares. Sandy Spring Bancorp has a 1-year low of $27.86 and a 1-year high of $45.64. The company’s 50 day moving average is $39.91 and its 200 day moving average is $40.99. The company has a market cap of $906.95 million, a price-to-earnings ratio of 16.19 and a beta of 1.02.
Sandy Spring Bancorp (NASDAQ:SASR) last announced its earnings results on Thursday, July 20th. The bank reported $0.61 earnings per share for the quarter, beating analysts’ consensus estimates of $0.58 by $0.03. The firm had revenue of $55.90 million for the quarter, compared to analyst estimates of $55.53 million. Sandy Spring Bancorp had a net margin of 24.33% and a return on equity of 10.44%. During the same quarter in the previous year, the firm posted $0.44 EPS. On average, equities analysts anticipate that Sandy Spring Bancorp will post $2.51 earnings per share for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Wednesday, August 16th. Stockholders of record on Wednesday, August 9th will be paid a dividend of $0.26 per share. This represents a $1.04 dividend on an annualized basis and a dividend yield of 2.75%. The ex-dividend date is Monday, August 7th. Sandy Spring Bancorp’s payout ratio is 44.26%.
A number of analysts have weighed in on SASR shares. Keefe, Bruyette & Woods reaffirmed a “hold” rating and issued a $40.00 price target on shares of Sandy Spring Bancorp in a research report on Friday, April 21st. ValuEngine raised Sandy Spring Bancorp from a “hold” rating to a “buy” rating in a research report on Wednesday, May 17th. Zacks Investment Research raised Sandy Spring Bancorp from a “hold” rating to a “strong-buy” rating and set a $45.00 price target for the company in a report on Friday, May 19th. Finally, BidaskClub cut Sandy Spring Bancorp from a “buy” rating to a “hold” rating in a report on Sunday, July 16th.
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About Sandy Spring Bancorp
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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