Sandy Spring Bancorp Inc. (SASR) Hits New 12-Month High at $31.41
Sandy Spring Bancorp Inc. (NASDAQ:SASR) hit a new 52-week high on Friday . The stock 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 downgraded Sandy Spring Bancorp from a “buy” rating to a “hold” rating in a research report on Thursday, June 23rd.
The firm has a 50 day moving average of $30.15 and a 200 day moving average of $28.38. The company has a market capitalization of $741.38 million and a P/E ratio of 16.68.
Sandy Spring Bancorp (NASDAQ:SASR) last released its earnings results on Thursday, July 21st. The company reported $0.44 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.45 by $0.01. During the same quarter in the prior year, the firm posted $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. Stockholders of record on Wednesday, August 10th were issued a $0.24 dividend. The ex-dividend date of this dividend was Monday, August 8th. This represents a $0.96 dividend on an annualized basis and a dividend yield of 3.07%.
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.