Sandy Spring Bancorp (SASR) to Release Earnings on Thursday

Sandy Spring Bancorp (NASDAQ:SASR) will be announcing its earnings results before the market opens on Thursday, April 18th. Analysts expect the company to announce earnings of $0.75 per share for the quarter.

Sandy Spring Bancorp (NASDAQ:SASR) last issued its quarterly earnings results on Thursday, January 17th. The bank reported $0.72 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.79 by ($0.07). Sandy Spring Bancorp had a net margin of 26.19% and a return on equity of 10.00%. The business had revenue of $80.18 million during the quarter, compared to analyst estimates of $81.94 million. During the same period last year, the firm posted $0.34 earnings per share. On average, analysts expect Sandy Spring Bancorp to post $3 EPS for the current fiscal year and $3 EPS for the next fiscal year.

Shares of SASR opened at $32.50 on Tuesday. Sandy Spring Bancorp has a 52-week low of $29.83 and a 52-week high of $43.87. The company has a current ratio of 1.06, a quick ratio of 1.06 and a debt-to-equity ratio of 0.83. The company has a market capitalization of $1.19 billion, a price-to-earnings ratio of 11.36 and a beta of 0.77.

Several equities analysts have issued reports on SASR shares. Zacks Investment Research raised Sandy Spring Bancorp from a “sell” rating to a “hold” rating in a research note on Tuesday, January 1st. Sandler O’Neill lowered Sandy Spring Bancorp from a “buy” rating to a “hold” rating and set a $35.00 price target on the stock. in a research note on Friday, January 18th. BidaskClub raised Sandy Spring Bancorp from a “sell” rating to a “hold” rating in a research note on Monday, January 7th. Keefe, Bruyette & Woods lowered Sandy Spring Bancorp from an “outperform” rating to a “market perform” rating and dropped their price target for the company from $44.00 to $35.00 in a research note on Friday, January 18th. Finally, Gabelli reissued a “buy” rating on shares of Sandy Spring Bancorp in a research note on Friday, January 18th. Two analysts have rated the stock with a sell rating, three have assigned a hold rating and three have issued a buy rating to the company. The company currently has an average rating of “Hold” and a consensus target price of $40.00.

In other news, EVP Ronda M. Mcdowell sold 744 shares of the business’s stock in a transaction that occurred on Wednesday, February 27th. The stock was sold at an average price of $35.02, for a total transaction of $26,054.88. Following the completion of the sale, the executive vice president now owns 6,034 shares in the company, valued at $211,310.68. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, Director Mark E. Friis acquired 1,000 shares of the firm’s stock in a transaction dated Tuesday, January 22nd. The shares were purchased at an average price of $31.86 per share, with a total value of $31,860.00. Following the acquisition, the director now owns 11,235 shares of the company’s stock, valued at $357,947.10. The disclosure for this purchase can be found here. Insiders own 2.09% of the company’s stock.

TRADEMARK VIOLATION NOTICE: This article was originally posted by Community Financial News and is the property of of Community Financial News. If you are reading this article on another domain, it was stolen and republished in violation of United States and international copyright and trademark law. The original version of this article can be read at https://www.com-unik.info/2019/04/16/sandy-spring-bancorp-sasr-to-release-earnings-on-thursday.html.

Sandy Spring Bancorp Company Profile

Sandy Spring Bancorp, Inc operates as the bank holding company for Sandy Spring Bank that provides commercial banking services to individuals and businesses in central Maryland, Northern Virginia, and Washington DC The company operates in three segments: Community Banking, Insurance, and Investment Management.

Featured Article: Why do earnings reports matter?

Earnings History for Sandy Spring Bancorp (NASDAQ:SASR)

Receive News & Ratings for Sandy Spring Bancorp Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Sandy Spring Bancorp and related companies with MarketBeat.com's FREE daily email newsletter.



Comments


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