Sandy Spring Bancorp (SASR) to Release Earnings on Thursday

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Sandy Spring Bancorp (NASDAQ:SASR) is scheduled to be issuing its quarterly earnings data before the market opens on Thursday, October 17th. Analysts expect the company to announce earnings of $0.80 per share for the quarter. Parties interested in registering for the company’s conference call can do so using this link.

Sandy Spring Bancorp (NASDAQ:SASR) last released its quarterly earnings data on Thursday, July 18th. The bank reported $0.79 EPS for the quarter, meeting the Zacks’ consensus estimate of $0.79. Sandy Spring Bancorp had a net margin of 27.80% and a return on equity of 10.14%. The business had revenue of $82.74 million during the quarter, compared to analysts’ expectations of $82.39 million. During the same quarter in the prior year, the company earned $0.68 EPS. The firm’s quarterly revenue was up 5.1% on a year-over-year basis. On average, analysts expect Sandy Spring Bancorp to post $3 EPS for the current fiscal year and $4 EPS for the next fiscal year.

SASR opened at $33.23 on Wednesday. The company has a quick ratio of 1.01, a current ratio of 1.02 and a debt-to-equity ratio of 0.55. Sandy Spring Bancorp has a 12 month low of $29.83 and a 12 month high of $38.84. The company has a fifty day simple moving average of $34.03 and a 200 day simple moving average of $34.04. The stock has a market cap of $1.18 billion, a P/E ratio of 11.62, a P/E/G ratio of 1.40 and a beta of 0.84.

SASR has been the subject of a number of recent analyst reports. Zacks Investment Research upgraded shares of Sandy Spring Bancorp from a “hold” rating to a “buy” rating and set a $38.00 price objective for the company in a research report on Wednesday, October 2nd. BidaskClub upgraded shares of Sandy Spring Bancorp from a “sell” rating to a “hold” rating in a research report on Tuesday, September 17th. Boenning Scattergood initiated coverage on shares of Sandy Spring Bancorp in a research report on Monday, June 24th. They issued a “buy” rating and a $37.25 price objective for the company. Finally, Sandler O’Neill upgraded shares of Sandy Spring Bancorp from a “hold” rating to a “buy” rating and set a $38.00 price objective for the company in a research report on Thursday, September 26th. Two analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. Sandy Spring Bancorp currently has an average rating of “Buy” and a consensus target price of $38.45.

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.

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Earnings History for Sandy Spring Bancorp (NASDAQ:SASR)

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