Shares of Sandy Spring Bancorp Inc. (NASDAQ:SASR) have been assigned a consensus recommendation of “Hold” from the eight ratings firms that are presently covering the firm, Marketbeat Ratings reports. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and three have assigned a buy rating to the company. The average 12 month target price among brokers that have covered the stock in the last year is $38.75.

A number of research firms recently weighed in on SASR. BidaskClub raised shares of Sandy Spring Bancorp from a “sell” rating to a “hold” rating in a research report on Wednesday, February 20th. Gabelli reaffirmed a “buy” rating on shares of Sandy Spring Bancorp in a research report on Friday, January 18th. Sandler O’Neill downgraded shares of Sandy Spring Bancorp from a “buy” rating to a “hold” rating and set a $35.00 target price for the company. in a research report on Friday, January 18th. Keefe, Bruyette & Woods downgraded shares of Sandy Spring Bancorp from an “outperform” rating to a “market perform” rating and decreased their target price for the company from $44.00 to $35.00 in a research report on Friday, January 18th. Finally, Zacks Investment Research raised shares of Sandy Spring Bancorp from a “sell” rating to a “hold” rating in a research report on Tuesday, January 15th.

Sandy Spring Bancorp stock traded down $0.26 during mid-day trading on Friday, reaching $33.43. The company’s stock had a trading volume of 2,219 shares, compared to its average volume of 135,804. The company has a market cap of $1.18 billion, a P/E ratio of 11.69 and a beta of 0.79. Sandy Spring Bancorp has a 12 month low of $29.87 and a 12 month high of $43.87. The company has a current ratio of 1.06, a quick ratio of 1.06 and a debt-to-equity ratio of 0.83.

Sandy Spring Bancorp (NASDAQ:SASR) last released its earnings results on Thursday, January 17th. The bank reported $0.72 earnings per share for the quarter, missing analysts’ consensus estimates of $0.79 by ($0.07). The business had revenue of $80.18 million during the quarter, compared to the consensus estimate of $81.94 million. Sandy Spring Bancorp had a net margin of 26.19% and a return on equity of 10.00%. During the same period last year, the business posted $0.34 EPS. On average, equities research analysts forecast that Sandy Spring Bancorp will post 3.14 EPS for the current year.

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, February 20th. Stockholders of record on Wednesday, February 13th were given a $0.28 dividend. This represents a $1.12 dividend on an annualized basis and a dividend yield of 3.35%. The ex-dividend date of this dividend was Tuesday, February 12th. Sandy Spring Bancorp’s dividend payout ratio (DPR) is presently 39.16%.

In other news, EVP Ronda M. Mcdowell sold 744 shares of Sandy Spring Bancorp stock in a transaction dated Wednesday, February 27th. The shares were sold at an average price of $35.02, for a total value of $26,054.88. Following the completion of the transaction, the executive vice president now owns 6,034 shares of the company’s stock, valued at approximately $211,310.68. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director Mark E. Friis acquired 1,000 shares of the firm’s stock in a transaction dated Tuesday, January 22nd. The stock was purchased at an average cost of $31.86 per share, with a total value of $31,860.00. Following the transaction, the director now owns 11,235 shares in the company, valued at $357,947.10. The disclosure for this purchase can be found here. Company insiders own 3.31% of the company’s stock.

Institutional investors and hedge funds have recently made changes to their positions in the company. Quantamental Technologies LLC bought a new position in shares of Sandy Spring Bancorp in the 4th quarter valued at about $47,000. Advisory Services Network LLC grew its position in shares of Sandy Spring Bancorp by 87.7% in the 4th quarter. Advisory Services Network LLC now owns 1,520 shares of the bank’s stock valued at $48,000 after acquiring an additional 710 shares during the period. Panagora Asset Management Inc. bought a new position in shares of Sandy Spring Bancorp in the 3rd quarter valued at about $170,000. First Republic Investment Management Inc. bought a new position in shares of Sandy Spring Bancorp in the 3rd quarter valued at about $215,000. Finally, Gamco Investors INC. ET AL bought a new position in shares of Sandy Spring Bancorp in the 3rd quarter valued at about $257,000. 68.63% of the stock is owned by institutional investors.

About Sandy Spring Bancorp

Sandy Spring Bancorp, Inc operates as the bank holding company for Sandy Spring Bank that provides commercial banking services to individuals and businesses in central Maryland, Northern Virginia, and Washington DC The company operates in three segments: Community Banking, Insurance, and Investment Management.

Featured Article: How is the LIBOR rate calculated?

Analyst Recommendations 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 MarketBeat.com's FREE daily email newsletter.