Sandy Spring Bancorp (NASDAQ:SASR)‘s stock had its “hold” rating reiterated by stock analysts at Boenning Scattergood in a research report issued to clients and investors on Thursday.

Several other equities research analysts have also issued reports on the stock. Sandler O’Neill set a $44.00 price target on shares of Sandy Spring Bancorp and gave the stock a “hold” rating in a research note on Friday, January 12th. BidaskClub lowered shares of Sandy Spring Bancorp from a “hold” rating to a “sell” rating in a research note on Wednesday, January 10th. Gabelli began coverage on shares of Sandy Spring Bancorp in a research note on Monday, January 8th. They set a “buy” rating and a $50.00 price target for the company. Zacks Investment Research upgraded shares of Sandy Spring Bancorp from a “hold” rating to a “strong-buy” rating and set a $45.00 price target for the company in a research note on Thursday, January 4th. Finally, ValuEngine upgraded shares of Sandy Spring Bancorp from a “hold” rating to a “buy” rating in a research note on Monday, October 2nd. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating, two have issued a buy rating and one has given a strong buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus target price of $44.75.

Shares of Sandy Spring Bancorp (NASDAQ SASR) opened at $40.25 on Thursday. The company has a debt-to-equity ratio of 1.12, a quick ratio of 1.03 and a current ratio of 1.03. Sandy Spring Bancorp has a one year low of $36.50 and a one year high of $45.64. The stock has a market cap of $965.74, a P/E ratio of 18.30, a PEG ratio of 0.89 and a beta of 0.99.

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, topping the Thomson Reuters’ 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 company had revenue of $55.79 million during the quarter, compared to analyst estimates of $56.21 million. During the same quarter last year, the business posted $0.55 EPS. Sandy Spring Bancorp’s quarterly revenue was up 8.7% compared to the same quarter last year. research analysts expect that Sandy Spring Bancorp will post 2.49 earnings per share for the current year.

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. KBC Group NV bought a new position in Sandy Spring Bancorp in the 3rd quarter worth approximately $139,000. BNP Paribas Arbitrage SA boosted its holdings in Sandy Spring Bancorp by 554.4% in the 2nd quarter. BNP Paribas Arbitrage SA now owns 3,586 shares of the bank’s stock worth $146,000 after buying an additional 3,038 shares during the period. Court Place Advisors LLC bought a new position in Sandy Spring Bancorp in the 3rd quarter worth approximately $200,000. Magnetar Financial LLC bought a new position in Sandy Spring Bancorp in the 3rd quarter worth approximately $203,000. Finally, Victory Capital Management Inc. boosted its holdings in Sandy Spring Bancorp by 17.6% in the 2nd quarter. Victory Capital Management Inc. now owns 5,066 shares of the bank’s stock worth $206,000 after buying an additional 759 shares during the period. 70.37% of the stock is owned by institutional investors.

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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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