Sandy Spring Bancorp (SASR) to Release Quarterly Earnings on Monday

Sandy Spring Bancorp (NASDAQ:SASR) is scheduled to be announcing its earnings results before the market opens on Monday, October 21st. Analysts expect the company to announce earnings of $0.47 per share for the quarter. Investors interested in registering for the company’s conference call can do so using this link.

Sandy Spring Bancorp (NASDAQ:SASR) last released its quarterly earnings results on Tuesday, July 23rd. The bank reported $0.51 earnings per share for the quarter, beating analysts’ consensus estimates of $0.43 by $0.08. The business had revenue of $184.70 million during the quarter, compared to analyst estimates of $99.60 million. Sandy Spring Bancorp had a return on equity of 6.41% and a net margin of 12.31%. During the same quarter last year, the company posted $0.60 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 Price Performance

NASDAQ SASR opened at $32.61 on Friday. The company has a current ratio of 1.03, a quick ratio of 1.02 and a debt-to-equity ratio of 0.54. Sandy Spring Bancorp has a 1 year low of $19.27 and a 1 year high of $34.19. The company has a market cap of $1.47 billion, a PE ratio of 16.31 and a beta of 0.95. The stock’s 50-day moving average price is $31.13 and its two-hundred day moving average price is $26.48.

Sandy Spring Bancorp Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, August 21st. Stockholders of record on Wednesday, August 14th were issued a dividend of $0.34 per share. The ex-dividend date was Wednesday, August 14th. This represents a $1.36 dividend on an annualized basis and a dividend yield of 4.17%. Sandy Spring Bancorp’s dividend payout ratio is currently 68.00%.

Analyst Ratings Changes

Several equities analysts have weighed in on SASR shares. Keefe, Bruyette & Woods lifted their price objective on shares of Sandy Spring Bancorp from $25.00 to $30.00 and gave the stock a “market perform” rating in a research report on Thursday, July 25th. DA Davidson upped their price target on Sandy Spring Bancorp from $23.00 to $33.00 and gave the company a “neutral” rating in a research report on Thursday, July 25th. Finally, StockNews.com lowered Sandy Spring Bancorp from a “hold” rating to a “sell” rating in a research report on Tuesday, August 27th. One analyst has rated the stock with a sell rating and five have assigned a hold rating to the company. According to data from MarketBeat, the company has a consensus rating of “Hold” and an average target price of $27.00.

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.