Sandy Spring Bancorp (SASR) Receiving Somewhat Positive News Coverage, Report Shows

Press coverage about Sandy Spring Bancorp (NASDAQ:SASR) has trended somewhat positive this week, according to Accern Sentiment. Accern identifies positive and negative media coverage by reviewing more than 20 million news and blog sources in real time. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores closest to one being the most favorable. Sandy Spring Bancorp earned a news impact score of 0.13 on Accern’s scale. Accern also assigned press coverage about the bank an impact score of 46.1809748142807 out of 100, indicating that recent media coverage is somewhat unlikely to have an impact on the stock’s share price in the near term.

These are some of the media headlines that may have effected Accern Sentiment Analysis’s scoring:

A number of research firms have recently commented on SASR. ValuEngine upgraded Sandy Spring Bancorp from a “hold” rating to a “buy” rating in a report on Monday, October 2nd. Zacks Investment Research upgraded Sandy Spring Bancorp from a “hold” rating to a “buy” rating and set a $45.00 price objective on the stock in a report on Tuesday, July 25th. Finally, BidaskClub downgraded Sandy Spring Bancorp from a “buy” rating to a “hold” rating in a report on Sunday, July 16th.

Sandy Spring Bancorp (NASDAQ SASR) opened at 42.85 on Thursday. 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 price is $39.71 and its 200-day moving average price is $40.17. The stock has a market cap of $1.03 billion, a P/E ratio of 18.34 and a beta of 1.03.

Sandy Spring Bancorp (NASDAQ:SASR) last issued its quarterly earnings data on Thursday, July 20th. The bank reported $0.61 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.58 by $0.03. Sandy Spring Bancorp had a return on equity of 10.44% and a net margin of 24.33%. The business had revenue of $55.90 million during the quarter, compared to analyst estimates of $55.53 million. During the same period in the prior year, the company posted $0.44 EPS. Analysts predict that Sandy Spring Bancorp will post $2.51 EPS for the current year.

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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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