Sandy Spring Bancorp Inc. (SASR) Reaches New 12-Month High at $31.41
Sandy Spring Bancorp Inc. (NASDAQ:SASR)’s share price reached a new 52-week high on Friday . The company traded as high as $31.41 and last traded at $31.06, with a volume of 19,808 shares traded. The stock had previously closed at $31.22.
Separately, Zacks Investment Research upgraded shares of Sandy Spring Bancorp from a “hold” rating to a “buy” rating and set a $33.00 price target for the company in a research report on Thursday, June 2nd.
The company has a 50-day moving average of $30.22 and a 200-day moving average of $28.42. The company has a market cap of $743.77 million and a PE ratio of 16.74.
Sandy Spring Bancorp (NASDAQ:SASR) last announced its quarterly earnings data on Thursday, July 21st. The company reported $0.44 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.45 by $0.01. During the same quarter in the previous year, the firm earned $0.42 EPS. On average, analysts expect that Sandy Spring Bancorp Inc. will post $1.86 EPS for the current fiscal year.
The business also recently disclosed a quarterly dividend, which was paid on Wednesday, August 17th. Investors of record on Wednesday, August 10th were given a $0.24 dividend. This represents a $0.96 annualized dividend and a dividend yield of 3.08%. The ex-dividend date was Monday, August 8th.
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.
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