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.
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.
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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.
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