Sandy Spring Bancorp Inc. (SASR) Reaches New 1-Year High at $31.70
Shares of Sandy Spring Bancorp Inc. (NASDAQ:SASR) hit a new 52-week high during mid-day trading on Thursday . The company traded as high as $31.70 and last traded at $31.44, with a volume of 27,283 shares trading hands. The stock had previously closed at $31.53.
Separately, Zacks Investment Research downgraded shares of Sandy Spring Bancorp from a “buy” rating to a “hold” rating in a report on Thursday, June 23rd.
The company has a market cap of $753.08 million and a P/E ratio of 16.95. The stock’s 50 day moving average price is $30.43 and its 200 day moving average price is $28.62.
Sandy Spring Bancorp (NASDAQ:SASR) last released its quarterly earnings data on Thursday, July 21st. The company reported $0.44 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.45 by $0.01. During the same period in the previous year, the business posted $0.42 EPS. Analysts predict that Sandy Spring Bancorp Inc. will post $1.86 earnings per share for the current year.
The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, August 17th. Stockholders of record on Wednesday, August 10th were paid 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 3.04%.
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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