Equities analysts expect Sandy Spring Bancorp Inc. (NASDAQ:SASR) to announce sales of $81.94 million for the current fiscal quarter, according to Zacks. Two analysts have made estimates for Sandy Spring Bancorp’s earnings. The highest sales estimate is $82.33 million and the lowest is $81.54 million. Sandy Spring Bancorp posted sales of $55.79 million during the same quarter last year, which would indicate a positive year over year growth rate of 46.9%. The company is scheduled to report its next quarterly earnings results on Thursday, January 17th.
According to Zacks, analysts expect that Sandy Spring Bancorp will report full year sales of $325.25 million for the current fiscal year, with estimates ranging from $324.00 million to $327.14 million. For the next year, analysts anticipate that the business will report sales of $341.63 million, with estimates ranging from $334.72 million to $348.00 million. Zacks Investment Research’s sales 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 announced its quarterly earnings data on Thursday, October 18th. The bank reported $0.78 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.80 by ($0.02). Sandy Spring Bancorp had a return on equity of 11.00% and a net margin of 23.98%. The business had revenue of $82.62 million for the quarter, compared to analyst estimates of $82.74 million. During the same period in the prior year, the company earned $0.62 EPS.
SASR stock traded down $0.23 on Wednesday, reaching $36.21. 50,560 shares of the company’s stock were exchanged, compared to its average volume of 131,813. Sandy Spring Bancorp has a twelve month low of $33.38 and a twelve month high of $43.87. The firm has a market capitalization of $1.29 billion, a PE ratio of 12.59, a P/E/G ratio of 1.04 and a beta of 0.75. The company has a debt-to-equity ratio of 1.07, a current ratio of 1.09 and a quick ratio of 1.08.
The company also recently announced a quarterly dividend, which will be paid on Wednesday, November 21st. Shareholders of record on Wednesday, November 14th will be issued a $0.28 dividend. This represents a $1.12 annualized dividend and a yield of 3.09%. The ex-dividend date of this dividend is Tuesday, November 13th. Sandy Spring Bancorp’s dividend payout ratio (DPR) is 44.09%.
A number of institutional investors have recently bought and sold shares of the business. MetLife Investment Advisors LLC grew its holdings in Sandy Spring Bancorp by 10.2% in the second quarter. MetLife Investment Advisors LLC now owns 16,080 shares of the bank’s stock valued at $659,000 after purchasing an additional 1,493 shares during the last quarter. Victory Capital Management Inc. boosted its stake in shares of Sandy Spring Bancorp by 15.9% during the second quarter. Victory Capital Management Inc. now owns 12,778 shares of the bank’s stock valued at $524,000 after acquiring an additional 1,754 shares during the last quarter. UBS Group AG boosted its stake in shares of Sandy Spring Bancorp by 16.1% during the first quarter. UBS Group AG now owns 13,080 shares of the bank’s stock valued at $507,000 after acquiring an additional 1,817 shares during the last quarter. Metropolitan Life Insurance Co. NY boosted its stake in shares of Sandy Spring Bancorp by 21.4% during the second quarter. Metropolitan Life Insurance Co. NY now owns 11,574 shares of the bank’s stock valued at $475,000 after acquiring an additional 2,040 shares during the last quarter. Finally, Rhumbline Advisers boosted its stake in shares of Sandy Spring Bancorp by 6.8% during the second quarter. Rhumbline Advisers now owns 37,142 shares of the bank’s stock valued at $1,523,000 after acquiring an additional 2,355 shares during the last quarter. 69.08% of the stock is currently owned by institutional investors.
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 markets. It operates through three segments: Community Banking, Insurance, and Investment Management.
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