Wall Street analysts expect Sandy Spring Bancorp Inc. (NASDAQ:SASR) to post $81.72 million in sales for the current quarter, Zacks Investment Research reports. Two analysts have provided estimates for Sandy Spring Bancorp’s earnings, with the highest sales estimate coming in at $82.30 million and the lowest estimate coming in at $81.13 million. Sandy Spring Bancorp posted sales of $80.01 million in the same quarter last year, which suggests a positive year over year growth rate of 2.1%. The firm is scheduled to issue its next earnings report on Thursday, April 18th.
According to Zacks, analysts expect that Sandy Spring Bancorp will report full-year sales of $341.63 million for the current financial year, with estimates ranging from $334.72 million to $348.00 million. For the next year, analysts anticipate that the company will post sales of $364.79 million, with estimates ranging from $352.68 million to $375.00 million. Zacks’ sales averages are an average based on a survey of sell-side research analysts that cover Sandy Spring Bancorp.
Sandy Spring Bancorp (NASDAQ:SASR) last released its quarterly earnings data on Thursday, January 17th. The bank reported $0.72 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.79 by ($0.07). Sandy Spring Bancorp had a net margin of 23.98% and a return on equity of 10.48%. The company had revenue of $80.18 million for the quarter, compared to analyst estimates of $81.94 million. During the same quarter in the prior year, the firm earned $0.34 EPS.
NASDAQ:SASR traded down $0.33 during midday trading on Tuesday, reaching $31.72. 266,782 shares of the company traded hands, compared to its average volume of 132,033. Sandy Spring Bancorp has a twelve month low of $29.87 and a twelve month high of $43.87. The firm has a market capitalization of $1.22 billion, a P/E ratio of 12.49, a P/E/G ratio of 0.93 and a beta of 0.81. The company has a debt-to-equity ratio of 0.87, a current ratio of 1.06 and a quick ratio of 1.06.
Several institutional investors and hedge funds have recently bought and sold shares of SASR. Strategic Wealth Management Group LLC acquired a new stake in shares of Sandy Spring Bancorp during the fourth quarter worth $419,000. Vanguard Group Inc raised its position in shares of Sandy Spring Bancorp by 2.7% during the third quarter. Vanguard Group Inc now owns 1,645,043 shares of the bank’s stock worth $64,666,000 after purchasing an additional 43,886 shares during the period. Vanguard Group Inc. raised its position in shares of Sandy Spring Bancorp by 2.7% during the third quarter. Vanguard Group Inc. now owns 1,645,043 shares of the bank’s stock worth $64,666,000 after purchasing an additional 43,886 shares during the period. Penn Capital Management Co. Inc. raised its position in shares of Sandy Spring Bancorp by 39.4% during the third quarter. Penn Capital Management Co. Inc. now owns 117,849 shares of the bank’s stock worth $4,633,000 after purchasing an additional 33,292 shares during the period. Finally, Teachers Advisors LLC raised its position in shares of Sandy Spring Bancorp by 2.6% during the third quarter. Teachers Advisors LLC now owns 66,309 shares of the bank’s stock worth $2,607,000 after purchasing an additional 1,675 shares during the period. 69.09% of the stock is currently owned by institutional investors.
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 markets. It operates through three segments: Community Banking, Insurance, and Investment Management.
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