Sandy Spring Bancorp Inc. (SASR) Hits New 12-Month High at $31.70
Sandy Spring Bancorp Inc. (NASDAQ:SASR) shares hit a new 52-week high during mid-day trading on Thursday . The stock traded as high as $31.70 and last traded at $31.44, with a volume of 27,283 shares traded. The stock had previously closed at $31.53.
Separately, Zacks Investment Research raised Sandy Spring Bancorp from a “hold” rating to a “buy” rating and set a $33.00 target price on the stock in a research report on Thursday, June 2nd.
The company has a market cap of $750.69 million and a PE ratio of 16.89. The company has a 50-day moving average of $30.37 and a 200-day moving average of $28.58.
Sandy Spring Bancorp (NASDAQ:SASR) last released its quarterly earnings results 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 period in the previous year, the company earned $0.42 earnings per share. On average, analysts expect that Sandy Spring Bancorp Inc. will post $1.86 EPS for the current fiscal year.
The firm also recently announced a quarterly dividend, which was paid on Wednesday, August 17th. Investors of record on Wednesday, August 10th were given a dividend of $0.24 per share. This represents a $0.96 annualized dividend and a yield of 3.05%. The ex-dividend date of this dividend 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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