Bank of Montreal Can increased its position in Sandy Spring Bancorp Inc. (NASDAQ:SASR) by 68.0% in the 4th quarter, Holdings Channel reports. The firm owned 46,280 shares of the bank’s stock after buying an additional 18,725 shares during the period. Bank of Montreal Can’s holdings in Sandy Spring Bancorp were worth $1,806,000 as of its most recent filing with the SEC.

Several other institutional investors have also recently bought and sold shares of SASR. TIAA CREF Investment Management LLC lifted its holdings in shares of Sandy Spring Bancorp by 4.8% in the 2nd quarter. TIAA CREF Investment Management LLC now owns 113,816 shares of the bank’s stock valued at $4,628,000 after purchasing an additional 5,202 shares during the last quarter. UBS Asset Management Americas Inc. purchased a new stake in shares of Sandy Spring Bancorp in the 2nd quarter valued at about $268,000. Citigroup Inc. lifted its holdings in shares of Sandy Spring Bancorp by 12.5% in the 2nd quarter. Citigroup Inc. now owns 7,353 shares of the bank’s stock valued at $298,000 after purchasing an additional 817 shares during the last quarter. Vanguard Group Inc. lifted its holdings in shares of Sandy Spring Bancorp by 1.0% in the 2nd quarter. Vanguard Group Inc. now owns 1,092,551 shares of the bank’s stock valued at $44,423,000 after purchasing an additional 10,359 shares during the last quarter. Finally, Parametric Portfolio Associates LLC lifted its holdings in shares of Sandy Spring Bancorp by 46.1% in the 2nd quarter. Parametric Portfolio Associates LLC now owns 66,478 shares of the bank’s stock valued at $2,703,000 after purchasing an additional 20,961 shares during the last quarter. 70.84% of the stock is owned by institutional investors and hedge funds.

Sandy Spring Bancorp Inc. (NASDAQ:SASR) opened at $37.11 on Tuesday. The stock has a market capitalization of $890.40, a PE ratio of 16.87, a P/E/G ratio of 0.96 and a beta of 0.93. Sandy Spring Bancorp Inc. has a 52-week low of $36.41 and a 52-week high of $45.64. The company has a debt-to-equity ratio of 1.12, a current ratio of 1.03 and a quick ratio of 1.03.

Sandy Spring Bancorp (NASDAQ:SASR) last issued its quarterly earnings results on Thursday, January 18th. The bank reported $0.64 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.63 by $0.01. The firm had revenue of $55.79 million for the quarter, compared to analysts’ expectations of $56.21 million. Sandy Spring Bancorp had a return on equity of 10.91% and a net margin of 21.63%. The firm’s revenue for the quarter was up 8.7% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.55 EPS. equities analysts expect that Sandy Spring Bancorp Inc. will post 3.05 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Wednesday, February 21st. Investors of record on Wednesday, February 14th will be given a $0.26 dividend. This represents a $1.04 annualized dividend and a yield of 2.80%. The ex-dividend date of this dividend is Tuesday, February 13th. Sandy Spring Bancorp’s dividend payout ratio (DPR) is presently 47.27%.

In other Sandy Spring Bancorp news, Director Joe Reeder sold 1,538 shares of the business’s stock in a transaction that occurred on Thursday, January 25th. The stock was sold at an average price of $38.63, for a total transaction of $59,412.94. Following the transaction, the director now owns 154,473 shares in the company, valued at approximately $5,967,291.99. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Shaza L. Andersen sold 8,546 shares of the business’s stock in a transaction that occurred on Monday, January 22nd. The stock was sold at an average price of $39.64, for a total value of $338,763.44. Following the transaction, the director now owns 77,344 shares in the company, valued at approximately $3,065,916.16. The disclosure for this sale can be found here. Insiders have sold a total of 11,956 shares of company stock worth $469,219 in the last quarter. 2.60% of the stock is currently owned by insiders.

Several equities analysts recently issued reports on the company. Gabelli assumed coverage on Sandy Spring Bancorp in a research report on Monday, January 8th. They issued a “buy” rating and a $50.00 price target on the stock. Zacks Investment Research upgraded Sandy Spring Bancorp from a “sell” rating to a “hold” rating in a research report on Saturday, December 23rd. BidaskClub cut Sandy Spring Bancorp from a “sell” rating to a “strong sell” rating in a research report on Thursday, January 25th. Sandler O’Neill set a $44.00 price target on Sandy Spring Bancorp and gave the company a “hold” rating in a research report on Friday, January 12th. Finally, Boenning Scattergood restated a “hold” rating on shares of Sandy Spring Bancorp in a research report on Friday, October 20th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating, two have assigned a buy rating and one has issued a strong buy rating to the stock. Sandy Spring Bancorp has a consensus rating of “Hold” and an average target price of $44.75.

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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.

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

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