Sandy Spring Bancorp (SASR) Given a $44.00 Price Target by Sandler O’Neill Analysts

Sandy Spring Bancorp (NASDAQ:SASR) has been given a $44.00 target price by analysts at Sandler O’Neill in a note issued to investors on Friday. The brokerage currently has a “hold” rating on the bank’s stock. Sandler O’Neill’s target price would suggest a potential upside of 8.64% from the company’s previous close.

A number of other equities research analysts also recently commented on the stock. BidaskClub downgraded shares of Sandy Spring Bancorp from a “hold” rating to a “sell” rating in a research report on Wednesday. Gabelli began coverage on shares of Sandy Spring Bancorp in a research report on Monday, January 8th. They issued a “buy” rating and a $50.00 price objective on the stock. Zacks Investment Research raised shares of Sandy Spring Bancorp from a “hold” rating to a “strong-buy” rating and set a $45.00 price objective on the stock in a research report on Thursday, January 4th. Boenning Scattergood restated a “hold” rating on shares of Sandy Spring Bancorp in a report on Tuesday, January 2nd. Finally, ValuEngine upgraded shares of Sandy Spring Bancorp from a “hold” rating to a “buy” rating in a report on Monday, October 2nd. One investment analyst has rated the stock with a sell rating, three have issued a hold rating, two have issued a buy rating and one has given a strong buy rating to the company. Sandy Spring Bancorp currently has an average rating of “Hold” and a consensus target price of $44.75.

Shares of Sandy Spring Bancorp (NASDAQ:SASR) opened at $40.50 on Friday. Sandy Spring Bancorp has a 52-week low of $36.50 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. The company has a market cap of $971.74, a P/E ratio of 16.80, a price-to-earnings-growth ratio of 0.91 and a beta of 0.99.

Sandy Spring Bancorp (NASDAQ:SASR) last announced its quarterly earnings data on Thursday, October 19th. The bank reported $0.62 EPS for the quarter, missing the Zacks’ consensus estimate of $0.63 by ($0.01). Sandy Spring Bancorp had a net margin of 24.31% and a return on equity of 10.61%. The firm had revenue of $55.44 million during the quarter, compared to analysts’ expectations of $58.34 million. During the same period in the prior year, the company posted $0.56 earnings per share. equities research analysts anticipate that Sandy Spring Bancorp will post 2.43 earnings per share for the current year.

Several institutional investors have recently modified their holdings of the company. Dimensional Fund Advisors LP boosted its holdings in shares of Sandy Spring Bancorp by 2.0% in the 3rd quarter. Dimensional Fund Advisors LP now owns 1,822,745 shares of the bank’s stock valued at $75,534,000 after buying an additional 35,355 shares in the last quarter. Vanguard Group Inc. boosted 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 buying an additional 10,359 shares in the last quarter. Ameriprise Financial Inc. boosted its holdings in shares of Sandy Spring Bancorp by 2.8% in the 3rd quarter. Ameriprise Financial Inc. now owns 944,418 shares of the bank’s stock valued at $39,137,000 after buying an additional 25,663 shares in the last quarter. Goldman Sachs Group Inc. boosted its holdings in shares of Sandy Spring Bancorp by 13.9% in the 2nd quarter. Goldman Sachs Group Inc. now owns 808,009 shares of the bank’s stock valued at $32,854,000 after buying an additional 98,650 shares in the last quarter. Finally, Dalton Greiner Hartman Maher & Co. boosted its holdings in shares of Sandy Spring Bancorp by 6.1% in the 4th quarter. Dalton Greiner Hartman Maher & Co. now owns 648,668 shares of the bank’s stock valued at $25,311,000 after buying an additional 37,386 shares in the last quarter. Institutional investors and hedge funds own 70.37% of the company’s stock.

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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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