Sandy Spring Bancorp, Inc. (NASDAQ:SASR – Get Free Report) Director Kenneth C. Cook sold 746 shares of Sandy Spring Bancorp stock in a transaction on Wednesday, March 12th. The stock was sold at an average price of $28.59, for a total transaction of $21,328.14. Following the transaction, the director now owns 289,537 shares in the company, valued at approximately $8,277,862.83. This trade represents a 0.26 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink.
Sandy Spring Bancorp Price Performance
SASR stock opened at $29.12 on Friday. The firm has a market cap of $1.31 billion, a price-to-earnings ratio of 64.71 and a beta of 0.96. The company has a quick ratio of 1.02, a current ratio of 1.02 and a debt-to-equity ratio of 0.50. Sandy Spring Bancorp, Inc. has a 12-month low of $19.52 and a 12-month high of $39.55. The company’s fifty day simple moving average is $32.59 and its 200 day simple moving average is $33.48.
Sandy Spring Bancorp (NASDAQ:SASR – Get Free Report) last posted its quarterly earnings results on Tuesday, January 28th. The bank reported $0.47 earnings per share for the quarter, missing the consensus estimate of $0.48 by ($0.01). Sandy Spring Bancorp had a net margin of 2.65% and a return on equity of 5.31%. On average, analysts expect that Sandy Spring Bancorp, Inc. will post 2.48 earnings per share for the current year.
Sandy Spring Bancorp Announces Dividend
Institutional Investors Weigh In On Sandy Spring Bancorp
Several hedge funds and other institutional investors have recently made changes to their positions in the business. LPL Financial LLC increased its position in shares of Sandy Spring Bancorp by 1.8% during the fourth quarter. LPL Financial LLC now owns 16,987 shares of the bank’s stock worth $573,000 after acquiring an additional 297 shares in the last quarter. Tritonpoint Wealth LLC grew its position in Sandy Spring Bancorp by 1.5% in the 4th quarter. Tritonpoint Wealth LLC now owns 20,119 shares of the bank’s stock worth $678,000 after purchasing an additional 302 shares in the last quarter. Cerity Partners LLC grew its position in Sandy Spring Bancorp by 1.4% in the 4th quarter. Cerity Partners LLC now owns 26,583 shares of the bank’s stock worth $895,000 after purchasing an additional 374 shares in the last quarter. Tidal Investments LLC grew its position in Sandy Spring Bancorp by 1.5% in the 4th quarter. Tidal Investments LLC now owns 27,940 shares of the bank’s stock worth $942,000 after purchasing an additional 409 shares in the last quarter. Finally, First National Trust Co grew its position in Sandy Spring Bancorp by 5.2% in the 3rd quarter. First National Trust Co now owns 10,050 shares of the bank’s stock worth $315,000 after purchasing an additional 500 shares in the last quarter. 66.90% of the stock is owned by institutional investors.
Analyst Upgrades and Downgrades
Separately, StockNews.com began coverage on shares of Sandy Spring Bancorp in a report on Saturday, March 8th. They set a “sell” rating on the stock.
Check Out Our Latest Research Report on Sandy Spring Bancorp
Sandy Spring Bancorp Company Profile
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.
See Also
- Five stocks we like better than Sandy Spring Bancorp
- ESG Stocks, What Investors Should Know
- Casey’s Uptrend Remains Strong—New Highs on the Horizon
- What Is WallStreetBets and What Stocks Are They Targeting?
- Taiwan Semiconductor’s Huge U.S. Move—Stock Impact Ahead
- Asset Allocation: The Key to a Successful Portfolio. Are You Paying Attention to Yours?
- Why Costco Stock Is Poised to Hit $1,000 Again Soon
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.