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

Sandy Spring Bancorp (NASDAQ:SASR) will likely be announcing its earnings results 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 Trading Down 0.3 %

SASR opened at $32.75 on Monday. The company’s 50 day moving average is $35.09 and its 200-day moving average is $32.77. The company has a market cap of $1.48 billion, a P/E ratio of 17.24 and a beta of 0.98. Sandy Spring Bancorp has a 1-year low of $19.52 and a 1-year high of $39.55. 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 Announces Dividend

The company also recently disclosed 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. The ex-dividend date of this dividend was Thursday, November 14th. This represents a $1.36 dividend on an annualized basis and a yield of 4.15%. Sandy Spring Bancorp’s dividend payout ratio is currently 71.58%.

Analysts Set New Price Targets

Separately, StockNews.com began coverage on Sandy Spring Bancorp in a report on Sunday, January 19th. They issued a “sell” rating for the company. One equities research analyst has rated the stock with a sell rating and four have given a hold rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price 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.