Sandy Spring Bancorp Inc. (SASR) Reaches New 52-Week High at $31.25
Shares of Sandy Spring Bancorp Inc. (NASDAQ:SASR) hit a new 52-week high during mid-day trading on Monday . The company traded as high as $31.25 and last traded at $30.07, with a volume of 13,862 shares traded. The stock had previously closed at $30.59.
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 on the stock in a research note on Thursday, June 2nd.
The stock has a market cap of $717.89 million and a PE ratio of 16.16. The firm has a 50 day moving average price of $29.49 and a 200-day moving average price of $27.99.
Sandy Spring Bancorp (NASDAQ:SASR) last posted its quarterly earnings data on Thursday, July 21st. The company reported $0.44 EPS for the quarter, missing analysts’ consensus estimates of $0.45 by $0.01. During the same quarter last year, the business earned $0.42 earnings per share. Equities research analysts predict that Sandy Spring Bancorp Inc. will post $1.86 EPS for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, August 17th. Investors of record on Wednesday, August 10th will be paid a dividend of $0.24 per share. This represents a $0.96 dividend on an annualized basis and a dividend yield of 3.19%. The ex-dividend date of this dividend is Monday, August 8th.
An institutional investor recently raised its position in Sandy Spring Bancorp stock. California Public Employees Retirement System increased its position in shares of Sandy Spring Bancorp Inc. (NASDAQ:SASR) by 3.5% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 88,000 shares of the company’s stock after buying an additional 3,000 shares during the period. California Public Employees Retirement System owned 0.36% of Sandy Spring Bancorp worth $2,372,000 as of its most recent SEC filing.
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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