Sandy Spring Bancorp (SASR) Projected to Post Earnings on Tuesday

Sandy Spring Bancorp (NASDAQ:SASR) will likely be issuing its quarterly earnings data before the market opens on Tuesday, January 28th. Analysts expect the company to announce earnings of $0.48 per share and revenue of $104,143.50 billion for the quarter.

Sandy Spring Bancorp (NASDAQ:SASR) last issued its quarterly earnings results on Monday, October 21st. The bank reported $0.40 EPS for the quarter, missing the consensus estimate of $0.46 by ($0.06). Sandy Spring Bancorp had a net margin of 11.54% and a return on equity of 5.71%. The firm had revenue of $189.81 million during the quarter, compared to analysts’ expectations of $101.60 million. During the same quarter last year, the company posted $0.62 EPS. On average, analysts expect Sandy Spring Bancorp to post $2 EPS for the current fiscal year and $3 EPS for the next fiscal year.

Sandy Spring Bancorp Trading Up 0.6 %

NASDAQ SASR opened at $33.87 on Tuesday. The firm’s 50 day moving average price is $35.45 and its two-hundred day moving average price is $32.50. The stock has a market cap of $1.53 billion, a price-to-earnings ratio of 17.83 and a beta of 0.98. Sandy Spring Bancorp has a twelve month low of $19.52 and a twelve month 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.

Sandy Spring Bancorp Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, November 21st. Investors of record on Thursday, November 14th were given a dividend of $0.34 per share. This represents a $1.36 annualized dividend and a yield of 4.02%. The ex-dividend date was Thursday, November 14th. Sandy Spring Bancorp’s payout ratio is 71.58%.

Analyst Upgrades and Downgrades

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

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.