Equities research analysts expect Sandy Spring Bancorp Inc. (NASDAQ:SASR) to announce earnings per share of $0.56 for the current quarter, Zacks Investment Research reports. Two analysts have issued estimates for Sandy Spring Bancorp’s earnings, with the lowest EPS estimate coming in at $0.55 and the highest estimate coming in at $0.56. Sandy Spring Bancorp posted earnings of $0.44 per share in the same quarter last year, which would indicate a positive year-over-year growth rate of 27.3%. The business is scheduled to report its next quarterly earnings results on Thursday, July 20th.
On average, analysts expect that Sandy Spring Bancorp will report full-year earnings of $2.38 per share for the current financial year, with EPS estimates ranging from $2.30 to $2.46. For the next year, analysts anticipate that the company will report earnings of $2.59 per share, with EPS estimates ranging from $2.47 to $2.70. Zacks’ EPS calculations are an average based on a survey of sell-side analysts that that provide coverage for Sandy Spring Bancorp.
Sandy Spring Bancorp (NASDAQ:SASR) last posted its earnings results on Thursday, April 20th. The bank reported $0.63 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.54 by $0.09. The company had revenue of $52.89 million for the quarter, compared to analyst estimates of $53.46 million. Sandy Spring Bancorp had a net margin of 21.77% and a return on equity of 9.11%. During the same period last year, the business posted $0.45 earnings per share.
Separately, Zacks Investment Research upgraded shares of Sandy Spring Bancorp from a “sell” rating to a “hold” rating in a research note on Saturday, December 31st.
Sandy Spring Bancorp (NASDAQ:SASR) traded up 1.36% during midday trading on Friday, reaching $42.53. 132,724 shares of the company’s stock traded hands. The firm has a market cap of $1.02 billion, a price-to-earnings ratio of 21.26 and a beta of 0.88. The stock’s 50 day moving average price is $41.28 and its 200 day moving average price is $38.20. Sandy Spring Bancorp has a 1-year low of $27.02 and a 1-year high of $44.57.
Several hedge funds have recently bought and sold shares of the company. Great West Life Assurance Co. Can purchased a new stake in Sandy Spring Bancorp during the third quarter valued at about $110,000. Tudor Investment Corp Et Al purchased a new stake in Sandy Spring Bancorp during the fourth quarter valued at about $213,000. Menta Capital LLC purchased a new stake in Sandy Spring Bancorp during the fourth quarter valued at about $296,000. FMR LLC raised its stake in Sandy Spring Bancorp by 2.8% in the fourth quarter. FMR LLC now owns 7,806 shares of the bank’s stock valued at $312,000 after buying an additional 213 shares during the last quarter. Finally, GSA Capital Partners LLP purchased a new stake in Sandy Spring Bancorp during the fourth quarter valued at about $339,000. Hedge funds and other institutional investors own 65.16% of the company’s stock.
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Sandy Spring Bancorp Company Profile
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.
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