Sandy Spring Bancorp Inc. (NASDAQ:SASR) announced a quarterly dividend on Wednesday, January 31st, Zacks reports. Shareholders of record on Wednesday, February 14th will be paid a dividend of 0.26 per share by the bank on Wednesday, February 21st. This represents a $1.04 dividend on an annualized basis and a dividend yield of 2.77%. The ex-dividend date of this dividend is Tuesday, February 13th.

Shares of Sandy Spring Bancorp (NASDAQ:SASR) traded up $0.06 during mid-day trading on Thursday, hitting $37.61. The company’s stock had a trading volume of 40,641 shares, compared to its average volume of 232,584. The firm has a market cap of $888.96, a P/E ratio of 17.05, a PEG ratio of 0.95 and a beta of 0.93. Sandy Spring Bancorp has a 52-week low of $36.41 and a 52-week high of $45.64. The company has a debt-to-equity ratio of 1.12, a quick ratio of 1.03 and a current ratio of 1.03.

Sandy Spring Bancorp (NASDAQ:SASR) last issued its earnings results on Thursday, January 18th. The bank reported $0.64 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.63 by $0.01. The firm had revenue of $55.79 million for the quarter, compared to the consensus estimate of $56.21 million. Sandy Spring Bancorp had a return on equity of 10.91% and a net margin of 21.63%. The company’s revenue was up 8.7% compared to the same quarter last year. During the same quarter last year, the business posted $0.55 EPS. analysts expect that Sandy Spring Bancorp will post 3.07 EPS for the current fiscal year.

In related news, Director Shaza L. Andersen sold 8,546 shares of the firm’s stock in a transaction on Monday, January 22nd. The stock was sold at an average price of $39.64, for a total transaction of $338,763.44. Following the sale, the director now owns 77,344 shares of the company’s stock, valued at approximately $3,065,916.16. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Joe Reeder sold 1,538 shares of the firm’s stock in a transaction on Thursday, January 25th. The shares were sold at an average price of $38.63, for a total value of $59,412.94. Following the sale, the director now directly owns 154,473 shares in the company, valued at approximately $5,967,291.99. The disclosure for this sale can be found here. In the last three months, insiders have sold 11,956 shares of company stock worth $469,219. 2.60% of the stock is currently owned by company insiders.

A number of equities research analysts have weighed in on the company. Gabelli assumed coverage on Sandy Spring Bancorp in a report on Monday, January 8th. They issued a “buy” rating and a $50.00 target price on the stock. Zacks Investment Research raised Sandy Spring Bancorp from a “sell” rating to a “hold” rating in a report on Saturday, December 23rd. BidaskClub downgraded Sandy Spring Bancorp from a “sell” rating to a “strong sell” rating in a report on Thursday, January 25th. Sandler O’Neill set a $44.00 target price on Sandy Spring Bancorp and gave the company a “hold” rating in a report on Friday, January 12th. Finally, Boenning Scattergood reaffirmed a “hold” rating on shares of Sandy Spring Bancorp in a report on Friday, October 20th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating, two have issued a buy rating and one has given a strong buy rating to the stock. The company has a consensus rating of “Hold” and a consensus price target of $44.75.

COPYRIGHT VIOLATION NOTICE: “Sandy Spring Bancorp Inc. (SASR) Declares $0.26 Quarterly Dividend” was first posted by Daily Political and is the sole property of of Daily Political. If you are accessing this story on another publication, it was stolen and reposted in violation of United States and international copyright legislation. The correct version of this story can be accessed at

About Sandy Spring Bancorp

Sandy Spring Bancorp, Inc is the bank holding company for Sandy Spring Bank (the Bank). The Company operates through three segments: Community Banking, Insurance and Investment Management. The Company’s 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.

Dividend History for Sandy Spring Bancorp (NASDAQ:SASR)

Receive News & Ratings for Sandy Spring Bancorp Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Sandy Spring Bancorp and related companies with's FREE daily email newsletter.