Analysts expect Sandy Spring Bancorp Inc. (NASDAQ:SASR) to report $81.94 million in sales for the current quarter, Zacks reports. Two analysts have provided estimates for Sandy Spring Bancorp’s earnings, with the lowest sales estimate coming in at $81.54 million and the highest estimate coming in at $82.33 million. Sandy Spring Bancorp posted sales of $55.79 million in the same quarter last year, which would indicate a positive year-over-year growth rate of 46.9%. The firm is expected to report its next earnings results on Thursday, January 17th.

According to Zacks, analysts expect that Sandy Spring Bancorp will report full year sales of $325.25 million for the current fiscal year, with estimates ranging from $324.00 million to $327.14 million. For the next year, analysts expect that the business will post sales of $341.63 million, with estimates ranging from $334.72 million to $348.00 million. Zacks Investment Research’s sales calculations are an average based on a survey of analysts that cover Sandy Spring Bancorp.

Sandy Spring Bancorp (NASDAQ:SASR) last posted its earnings results on Thursday, October 18th. The bank reported $0.78 earnings per share for the quarter, missing the consensus estimate of $0.80 by ($0.02). The business had revenue of $82.62 million for the quarter, compared to analysts’ expectations of $82.74 million. Sandy Spring Bancorp had a return on equity of 11.00% and a net margin of 23.98%. During the same quarter in the previous year, the firm earned $0.62 EPS.

A number of equities research analysts have weighed in on SASR shares. Zacks Investment Research cut Sandy Spring Bancorp from a “hold” rating to a “sell” rating in a research note on Tuesday, October 23rd. ValuEngine cut Sandy Spring Bancorp from a “hold” rating to a “sell” rating in a research note on Friday, July 20th. BidaskClub cut Sandy Spring Bancorp from a “hold” rating to a “sell” rating in a research note on Tuesday, July 24th. Finally, Boenning Scattergood reiterated a “hold” rating on shares of Sandy Spring Bancorp in a research note on Friday, October 19th. Two equities research analysts have rated the stock with a sell rating, two have assigned a hold rating and five have assigned a buy rating to the stock. Sandy Spring Bancorp presently has a consensus rating of “Hold” and a consensus target price of $45.83.

SASR stock traded down $0.23 during trading on Wednesday, hitting $36.21. 50,560 shares of the company’s stock were exchanged, compared to its average volume of 131,813. The stock has a market cap of $1.29 billion, a price-to-earnings ratio of 12.59, a PEG ratio of 1.04 and a beta of 0.75. Sandy Spring Bancorp has a 52-week low of $33.38 and a 52-week high of $43.87. The company has a quick ratio of 1.08, a current ratio of 1.09 and a debt-to-equity ratio of 1.07.

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 21st. Shareholders of record on Wednesday, November 14th will be paid a $0.28 dividend. This represents a $1.12 dividend on an annualized basis and a yield of 3.09%. The ex-dividend date is Tuesday, November 13th. Sandy Spring Bancorp’s dividend payout ratio is currently 44.09%.

A number of hedge funds and other institutional investors have recently modified their holdings of the business. Hartford Investment Management Co. acquired a new position in shares of Sandy Spring Bancorp in the second quarter valued at approximately $246,000. Cubist Systematic Strategies LLC acquired a new position in shares of Sandy Spring Bancorp in the second quarter valued at approximately $264,000. Teton Advisors Inc. acquired a new position in shares of Sandy Spring Bancorp in the third quarter valued at approximately $256,000. Gamco Investors INC. ET AL acquired a new position in shares of Sandy Spring Bancorp in the third quarter valued at approximately $257,000. Finally, US Bancorp DE increased its holdings in shares of Sandy Spring Bancorp by 54,742.9% in the third quarter. US Bancorp DE now owns 7,678 shares of the bank’s stock valued at $302,000 after purchasing an additional 7,664 shares during the period. Institutional investors own 69.08% of the company’s stock.

About Sandy Spring Bancorp

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 markets. It operates through three segments: Community Banking, Insurance, and Investment Management.

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