SG Americas Securities LLC Has $438,000 Stake in Sandy Spring Bancorp, Inc. (NASDAQ:SASR)

SG Americas Securities LLC lifted its position in shares of Sandy Spring Bancorp, Inc. (NASDAQ:SASR) by 140.6% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 13,004 shares of the bank’s stock after buying an additional 7,600 shares during the quarter. SG Americas Securities LLC’s holdings in Sandy Spring Bancorp were worth $438,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also bought and sold shares of the company. First National Trust Co boosted its position in shares of Sandy Spring Bancorp by 5.2% during the 3rd quarter. First National Trust Co now owns 10,050 shares of the bank’s stock valued at $315,000 after purchasing an additional 500 shares in the last quarter. Wealth Enhancement Advisory Services LLC lifted its stake in Sandy Spring Bancorp by 2.4% in the third quarter. Wealth Enhancement Advisory Services LLC now owns 26,065 shares of the bank’s stock valued at $818,000 after buying an additional 609 shares during the period. Cerity Partners LLC boosted its holdings in shares of Sandy Spring Bancorp by 3.3% during the 3rd quarter. Cerity Partners LLC now owns 26,209 shares of the bank’s stock worth $822,000 after buying an additional 832 shares in the last quarter. Capital Performance Advisors LLP bought a new position in Sandy Spring Bancorp during the third quarter worth $29,000. Finally, Truist Financial Corp grew its holdings in Sandy Spring Bancorp by 2.6% in the second quarter. Truist Financial Corp now owns 43,713 shares of the bank’s stock worth $1,065,000 after purchasing an additional 1,104 shares during the period. Institutional investors and hedge funds own 66.90% of the company’s stock.

Sandy Spring Bancorp Stock Performance

NASDAQ SASR opened at $33.83 on Monday. The company has a market cap of $1.53 billion, a P/E ratio of 75.18 and a beta of 0.98. The company has a fifty day simple moving average of $34.73 and a 200 day simple moving average of $32.96. The company has a current ratio of 1.02, a quick 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.

Sandy Spring Bancorp (NASDAQ:SASR) last announced 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%. Sell-side analysts predict that Sandy Spring Bancorp, Inc. will post 2.51 earnings per share for the current fiscal year.

Sandy Spring Bancorp Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, February 19th. Shareholders of record on Wednesday, February 12th will be paid a dividend of $0.34 per share. This represents a $1.36 annualized dividend and a yield of 4.02%. The ex-dividend date is Wednesday, February 12th. Sandy Spring Bancorp’s dividend payout ratio (DPR) is presently 302.22%.

Analysts Set New Price Targets

Separately, StockNews.com began coverage on shares of Sandy Spring Bancorp in a report on Monday, January 27th. They set a “sell” rating on the stock. One investment analyst has rated the stock with a sell rating and four have assigned a hold rating to the stock. According to MarketBeat, Sandy Spring Bancorp has an average rating of “Hold” and a consensus target price of $28.25.

About Sandy Spring Bancorp

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.