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.

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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)

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