Sandy Spring Bancorp Inc. (NASDAQ:SASR) Plans $0.30 Dividend

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Sandy Spring Bancorp Inc. (NASDAQ:SASR) declared a dividend on Wednesday, October 30th, Fidelity reports. Stockholders of record on Wednesday, November 13th will be paid a dividend of 0.30 per share by the bank on Wednesday, November 20th. The ex-dividend date is Tuesday, November 12th.

Shares of NASDAQ SASR opened at $35.66 on Friday. Sandy Spring Bancorp has a 1-year low of $29.83 and a 1-year high of $36.79. The firm’s 50-day moving average price is $34.17 and its 200-day moving average price is $34.30. The firm has a market capitalization of $1.27 billion, a P/E ratio of 12.47, a P/E/G ratio of 1.15 and a beta of 0.82. The company has a current ratio of 1.02, a quick ratio of 1.01 and a debt-to-equity ratio of 0.55.

Sandy Spring Bancorp (NASDAQ:SASR) last released its earnings results on Thursday, October 17th. The bank reported $0.82 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.80 by $0.02. The firm had revenue of $85.36 million during the quarter, compared to the consensus estimate of $84.70 million. Sandy Spring Bancorp had a net margin of 27.41% and a return on equity of 10.22%. During the same period in the prior year, the firm earned $0.79 EPS. Equities research analysts forecast that Sandy Spring Bancorp will post 3.27 EPS for the current year.

Several research firms recently commented on SASR. BidaskClub raised shares of Sandy Spring Bancorp from a “sell” rating to a “hold” rating in a report on Tuesday, September 17th. Sandler O’Neill raised 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 report on Thursday, September 26th. Finally, Zacks Investment Research downgraded shares of Sandy Spring Bancorp from a “buy” rating to a “hold” rating in a report on Thursday, October 24th. Three investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and a consensus target price of $37.06.

Sandy Spring Bancorp Company Profile

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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Dividend History for Sandy Spring Bancorp (NASDAQ:SASR)

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