Research Analysts Set Expectations for SASR FY2025 Earnings

Sandy Spring Bancorp, Inc. (NASDAQ:SASR) – DA Davidson reduced their FY2025 earnings per share (EPS) estimates for shares of Sandy Spring Bancorp in a note issued to investors on Wednesday, October 23rd. DA Davidson analyst M. Navas now anticipates that the bank will post earnings of $2.65 per share for the year, down from their previous forecast of $2.80. DA Davidson currently has a “Neutral” rating and a $33.00 target price on the stock. The consensus estimate for Sandy Spring Bancorp’s current full-year earnings is $1.93 per share.

Sandy Spring Bancorp (NASDAQ:SASR) last announced its 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). The business had revenue of $189.81 million during the quarter, compared to analyst estimates of $101.60 million. Sandy Spring Bancorp had a return on equity of 5.74% and a net margin of 11.54%. During the same period in the previous year, the firm earned $0.62 earnings per share.

Several other research firms have also recently weighed in on SASR. StockNews.com cut shares of Sandy Spring Bancorp from a “hold” rating to a “sell” rating in a research report on Tuesday, August 27th. Keefe, Bruyette & Woods boosted 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. One analyst has rated the stock with a sell rating and five have given a hold rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $27.00.

Sandy Spring Bancorp Stock Performance

SASR stock opened at $32.62 on Friday. The company has a debt-to-equity ratio of 0.54, a current ratio of 1.03 and a quick ratio of 1.02. The company has a 50 day moving average price of $31.45 and a 200 day moving average price of $26.78. Sandy Spring Bancorp has a fifty-two week low of $19.27 and a fifty-two week high of $34.19. The stock has a market capitalization of $1.47 billion, a PE ratio of 15.99 and a beta of 0.95.

Sandy Spring Bancorp Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, August 21st. Shareholders of record on Wednesday, August 14th were given a dividend of $0.34 per share. This represents a $1.36 annualized dividend and a dividend yield of 4.17%. The ex-dividend date of this dividend was Wednesday, August 14th. Sandy Spring Bancorp’s payout ratio is 66.67%.

Institutional Trading of Sandy Spring Bancorp

Several institutional investors and hedge funds have recently made changes to their positions in the business. Dimensional Fund Advisors LP raised its position in shares of Sandy Spring Bancorp by 4.6% during the 2nd quarter. Dimensional Fund Advisors LP now owns 2,470,621 shares of the bank’s stock valued at $60,182,000 after acquiring an additional 108,703 shares during the last quarter. Systematic Financial Management LP raised its position in shares of Sandy Spring Bancorp by 12.0% during the 2nd quarter. Systematic Financial Management LP now owns 904,434 shares of the bank’s stock valued at $22,032,000 after acquiring an additional 97,262 shares during the last quarter. American Century Companies Inc. increased its position in shares of Sandy Spring Bancorp by 18.5% in the 2nd quarter. American Century Companies Inc. now owns 775,252 shares of the bank’s stock valued at $18,885,000 after buying an additional 120,996 shares in the last quarter. Victory Capital Management Inc. increased its position in shares of Sandy Spring Bancorp by 1,199.7% in the 2nd quarter. Victory Capital Management Inc. now owns 694,867 shares of the bank’s stock valued at $16,927,000 after buying an additional 641,402 shares in the last quarter. Finally, AQR Capital Management LLC increased its position in shares of Sandy Spring Bancorp by 5.7% in the 2nd quarter. AQR Capital Management LLC now owns 473,241 shares of the bank’s stock valued at $11,528,000 after buying an additional 25,546 shares in the last quarter. Institutional investors own 66.90% of the company’s stock.

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.