John W. Rosenthal Capital Management Inc. held its stake in Sandy Spring Bancorp, Inc. (NASDAQ:SASR) during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 50,000 shares of the bank’s stock at the end of the second quarter. Sandy Spring Bancorp makes up 1.7% of John W. Rosenthal Capital Management Inc.’s portfolio, making the stock its 27th largest position. John W. Rosenthal Capital Management Inc. owned about 0.21% of Sandy Spring Bancorp worth $2,033,000 as of its most recent filing with the SEC.

Other large investors also recently added to or reduced their stakes in the company. Baird Financial Group Inc. boosted its stake in Sandy Spring Bancorp by 0.5% in the first quarter. Baird Financial Group Inc. now owns 9,280 shares of the bank’s stock valued at $380,000 after buying an additional 44 shares during the last quarter. Legal & General Group Plc boosted its stake in Sandy Spring Bancorp by 2.1% in the second quarter. Legal & General Group Plc now owns 8,994 shares of the bank’s stock valued at $365,000 after buying an additional 182 shares during the last quarter. Alliancebernstein L.P. boosted its stake in Sandy Spring Bancorp by 0.5% in the first quarter. Alliancebernstein L.P. now owns 39,491 shares of the bank’s stock valued at $1,619,000 after buying an additional 200 shares during the last quarter. Stratos Wealth Partners LTD. boosted its stake in Sandy Spring Bancorp by 5.2% in the first quarter. Stratos Wealth Partners LTD. now owns 6,115 shares of the bank’s stock valued at $251,000 after buying an additional 301 shares during the last quarter. Finally, Janney Montgomery Scott LLC boosted its stake in Sandy Spring Bancorp by 5.4% in the first quarter. Janney Montgomery Scott LLC now owns 9,694 shares of the bank’s stock valued at $397,000 after buying an additional 500 shares during the last quarter. Institutional investors and hedge funds own 68.14% of the company’s stock.

Sandy Spring Bancorp, Inc. (SASR) traded down 0.13% during midday trading on Monday, hitting $38.62. 4,125 shares of the company traded hands. The stock’s 50-day moving average price is $39.37 and its 200 day moving average price is $40.79. The company has a market capitalization of $926.38 million, a price-to-earnings ratio of 16.53 and a beta of 1.02. Sandy Spring Bancorp, Inc. has a 12-month low of $27.86 and a 12-month high of $45.64.

Sandy Spring Bancorp (NASDAQ:SASR) last posted its earnings results on Thursday, July 20th. The bank reported $0.61 earnings per share for the quarter, topping the consensus estimate of $0.58 by $0.03. The firm had revenue of $55.90 million during the quarter, compared to the consensus estimate of $55.53 million. Sandy Spring Bancorp had a net margin of 24.33% and a return on equity of 10.44%. During the same quarter last year, the company earned $0.44 earnings per share. On average, equities analysts forecast that Sandy Spring Bancorp, Inc. will post $2.51 EPS for the current year.

The firm also recently announced a quarterly dividend, which was paid on Wednesday, August 16th. Stockholders of record on Wednesday, August 9th were paid a $0.26 dividend. The ex-dividend date of this dividend was Monday, August 7th. This represents a $1.04 annualized dividend and a dividend yield of 2.69%. Sandy Spring Bancorp’s payout ratio is 44.26%.

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Several equities research analysts recently weighed in on the stock. Zacks Investment Research cut shares of Sandy Spring Bancorp from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, July 19th. BidaskClub upgraded shares of Sandy Spring Bancorp from a “sell” rating to a “hold” rating in a research note on Saturday. Finally, ValuEngine upgraded shares of Sandy Spring Bancorp from a “hold” rating to a “buy” rating in a research note on Wednesday, May 17th.

Sandy Spring Bancorp Company Profile

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.

Institutional Ownership by Quarter for Sandy Spring Bancorp (NASDAQ:SASR)

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