Sandy Spring Bancorp, Inc. to Issue Quarterly Dividend of $0.26 (SASR)

Sandy Spring Bancorp, Inc. (NASDAQ:SASR) declared a quarterly dividend on Wednesday, October 25th, NASDAQ reports. Shareholders of record on Wednesday, November 8th will be given a dividend of 0.26 per share by the bank on Wednesday, November 15th. This represents a $1.04 dividend on an annualized basis and a yield of 2.57%. The ex-dividend date is Tuesday, November 7th.

Sandy Spring Bancorp (NASDAQ:SASR) last issued its quarterly earnings data on Thursday, October 19th. The bank reported $0.62 EPS for the quarter, missing the consensus estimate of $0.63 by ($0.01). The company had revenue of $55.44 million during the quarter, compared to analysts’ expectations of $58.34 million. Sandy Spring Bancorp had a return on equity of 10.71% and a net margin of 24.31%. During the same period last year, the company earned $0.56 earnings per share.

ILLEGAL ACTIVITY WARNING: This article was originally published by Community Financial News and is the property of of Community Financial News. If you are viewing this article on another publication, it was illegally stolen and republished in violation of U.S. and international trademark and copyright legislation. The original version of this article can be accessed at

SASR has been the subject of several analyst reports. Zacks Investment Research downgraded Sandy Spring Bancorp from a “hold” rating to a “sell” rating in a research note on Wednesday, October 25th. Boenning Scattergood reissued a “hold” rating on shares of Sandy Spring Bancorp in a research note on Friday, October 20th. ValuEngine raised Sandy Spring Bancorp from a “hold” rating to a “buy” rating in a research note on Monday, October 2nd. Finally, BidaskClub raised Sandy Spring Bancorp from a “sell” rating to a “hold” rating in a research note on Saturday, August 26th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and one has issued a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus target price of $42.00.

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.

Dividend 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.


Leave a Reply

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