Sandy Spring Bancorp, Inc. Announces Quarterly Dividend of $0.34 (NASDAQ:SASR)

Sandy Spring Bancorp, Inc. (NASDAQ:SASR) declared a quarterly dividend on Thursday, January 30th,RTT News reports. Stockholders of record on Wednesday, February 12th will be paid a dividend of 0.34 per share by the bank on Wednesday, February 19th. This represents a $1.36 dividend on an annualized basis and a dividend yield of 4.05%.

Sandy Spring Bancorp has increased its dividend payment by an average of 2.0% per year over the last three years. Sandy Spring Bancorp has a dividend payout ratio of 41.8% meaning its dividend is sufficiently covered by earnings.

Sandy Spring Bancorp Trading Up 0.4 %

Shares of SASR opened at $33.61 on Friday. The firm has a market cap of $1.52 billion, a P/E ratio of 74.69 and a beta of 0.98. Sandy Spring Bancorp has a fifty-two week low of $19.52 and a fifty-two week high of $39.55. The company has a debt-to-equity ratio of 0.50, a quick ratio of 1.02 and a current ratio of 1.02. The business has a 50-day moving average of $34.81 and a 200 day moving average of $32.87.

Sandy Spring Bancorp (NASDAQ:SASR) last released its quarterly earnings data on Tuesday, January 28th. The bank reported $0.47 EPS for the quarter, missing the consensus estimate of $0.48 by ($0.01). Sandy Spring Bancorp had a return on equity of 5.31% and a net margin of 2.65%. As a group, research analysts forecast that Sandy Spring Bancorp will post 2.51 EPS for the current year.

Wall Street Analyst Weigh In

Separately, StockNews.com assumed coverage on shares of Sandy Spring Bancorp in a research report on Monday. They set a “sell” rating for the company. One research analyst has rated the stock with a sell rating and four have given a hold rating to the company. According to MarketBeat, Sandy Spring Bancorp presently has a consensus rating of “Hold” and a consensus price target of $28.25.

About Sandy Spring Bancorp

Sandy Spring Bancorp, Inc operates as the bank holding company for Sandy Spring Bank that provides commercial and retail banking, mortgage, private banking, and trust services to individuals and businesses in the United States. It offers financial products and services, including various loan and deposit products.