Sandy Spring Bancorp Inc. (NASDAQ:SASR) will announce its Q316 earnings results on Thursday, October 20th. Analysts expect the company to announce earnings of $0.49 per share and revenue of $34.92 million for the quarter.

Earnings History for Sandy Spring Bancorp (NASDAQ:SASR)

Shares of Sandy Spring Bancorp Inc. (NASDAQ:SASR) opened at 29.51 on Wednesday. The company has a market cap of $704.61 million, a price-to-earnings ratio of 15.86 and a beta of 0.94. Sandy Spring Bancorp Inc. has a one year low of $24.17 and a one year high of $31.70. The firm’s 50-day moving average is $30.61 and its 200-day moving average is $29.43.

Separately, Zacks Investment Research downgraded Sandy Spring Bancorp from a “buy” rating to a “hold” rating in a report on Thursday, June 23rd.

Several large investors have recently bought and sold shares of SASR. AQR Capital Management LLC increased its stake in Sandy Spring Bancorp by 3.6% in the second quarter. AQR Capital Management LLC now owns 45,156 shares of the company’s stock worth $1,312,000 after buying an additional 1,566 shares in the last quarter. Parametric Portfolio Associates LLC increased its position in Sandy Spring Bancorp by 4.7% in the second quarter. Parametric Portfolio Associates LLC now owns 49,166 shares of the company’s stock worth $1,429,000 after buying an additional 2,202 shares during the period. Columbia Wanger Asset Management LLC increased its position in Sandy Spring Bancorp by 6.7% in the second quarter. Columbia Wanger Asset Management LLC now owns 352,937 shares of the company’s stock worth $10,256,000 after buying an additional 22,280 shares during the period. Massachusetts Financial Services Co. MA increased its position in Sandy Spring Bancorp by 7.8% in the second quarter. Massachusetts Financial Services Co. MA now owns 268,584 shares of the company’s stock worth $7,805,000 after buying an additional 19,525 shares during the period. Finally, APG Asset Management N.V. bought a new position in Sandy Spring Bancorp during the second quarter worth approximately $5,726,000. 65.61% of the stock is owned by institutional investors.

About Sandy Spring Bancorp

Sandy Spring Bancorp, Inc is the bank holding company for Sandy Spring Bank (the Bank). The Company operates through three business segments Community Banking, Insurance and Investment Management. Its 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.

5 Day Chart for NASDAQ:SASR

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