Sandy Spring Bancorp Inc. (NASDAQ:SASR) Director Mark E. Friis acquired 1,000 shares of the firm’s stock in a transaction that occurred on Tuesday, January 22nd. The stock was bought at an average price of $31.86 per share, for a total transaction of $31,860.00. Following the completion of the transaction, the director now owns 11,235 shares of the company’s stock, valued at approximately $357,947.10. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.

Shares of NASDAQ SASR opened at $32.09 on Wednesday. Sandy Spring Bancorp Inc. has a one year low of $29.87 and a one year 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 0.87. The company has a market cap of $1.13 billion, a price-to-earnings ratio of 11.22, a price-to-earnings-growth ratio of 0.88 and a beta of 0.81.

Sandy Spring Bancorp (NASDAQ:SASR) last issued its quarterly earnings results on Thursday, January 17th. The bank reported $0.72 EPS for the quarter, missing analysts’ consensus estimates of $0.79 by ($0.07). Sandy Spring Bancorp had a net margin of 26.19% and a return on equity of 10.10%. The business had revenue of $80.18 million for the quarter, compared to the consensus estimate of $81.94 million. During the same quarter in the previous year, the business earned $0.34 earnings per share. As a group, sell-side analysts predict that Sandy Spring Bancorp Inc. will post 3.23 EPS for the current fiscal year.

Several research analysts recently weighed in on SASR shares. Gabelli restated a “buy” rating on shares of Sandy Spring Bancorp in a research report on Friday, January 18th. Zacks Investment Research upgraded shares of Sandy Spring Bancorp from a “sell” rating to a “hold” rating in a research report on Tuesday, January 1st. BidaskClub upgraded shares of Sandy Spring Bancorp from a “sell” rating to a “hold” rating in a research report on Friday, October 19th. Boenning Scattergood reiterated a “hold” rating on shares of Sandy Spring Bancorp in a research report on Friday, October 19th. Finally, Sandler O’Neill cut shares of Sandy Spring Bancorp from a “buy” rating to a “hold” rating and set a $35.00 price target on the stock. in a research report on Friday, January 18th. Two analysts have rated the stock with a sell rating, three have assigned a hold rating and four have assigned a buy rating to the stock. The company has an average rating of “Hold” and a consensus target price of $40.83.

A number of hedge funds and other institutional investors have recently modified their holdings of the business. Strategic Wealth Management Group LLC bought a new position in Sandy Spring Bancorp during the fourth quarter valued at approximately $419,000. Vanguard Group Inc boosted its stake in shares of Sandy Spring Bancorp by 2.7% during the third quarter. Vanguard Group Inc now owns 1,645,043 shares of the bank’s stock valued at $64,666,000 after purchasing an additional 43,886 shares during the period. Vanguard Group Inc. boosted its stake in shares of Sandy Spring Bancorp by 2.7% during the third quarter. Vanguard Group Inc. now owns 1,645,043 shares of the bank’s stock valued at $64,666,000 after purchasing an additional 43,886 shares during the period. Penn Capital Management Co. Inc. boosted its stake in shares of Sandy Spring Bancorp by 39.4% during the third quarter. Penn Capital Management Co. Inc. now owns 117,849 shares of the bank’s stock valued at $4,633,000 after purchasing an additional 33,292 shares during the period. Finally, Teachers Advisors LLC boosted its stake in shares of Sandy Spring Bancorp by 2.6% during the third quarter. Teachers Advisors LLC now owns 66,309 shares of the bank’s stock valued at $2,607,000 after purchasing an additional 1,675 shares during the period. Institutional investors and hedge funds own 69.09% of the company’s stock.

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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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