Equities research analysts expect Sandy Spring Bancorp Inc. (NASDAQ:SASR) to report earnings per share (EPS) of $0.80 for the current quarter, Zacks Investment Research reports. Two analysts have made estimates for Sandy Spring Bancorp’s earnings. The lowest EPS estimate is $0.79 and the highest is $0.80. Sandy Spring Bancorp posted earnings of $0.62 per share during the same quarter last year, which suggests a positive year-over-year growth rate of 29%. The company is expected to report its next earnings report on Thursday, October 18th.

According to Zacks, analysts expect that Sandy Spring Bancorp will report full year earnings of $3.15 per share for the current financial year, with EPS estimates ranging from $3.14 to $3.15. For the next financial year, analysts anticipate that the company will report earnings of $3.36 per share, with EPS estimates ranging from $3.18 to $3.45. Zacks Investment Research’s EPS averages are a mean average based on a survey of research firms that follow Sandy Spring Bancorp.

Sandy Spring Bancorp (NASDAQ:SASR) last announced its quarterly earnings results on Thursday, July 19th. The bank reported $0.68 EPS for the quarter, missing the Zacks’ consensus estimate of $0.80 by ($0.12). Sandy Spring Bancorp had a return on equity of 10.53% and a net margin of 22.29%. The company had revenue of $79.86 million during the quarter, compared to analysts’ expectations of $81.12 million. During the same period last year, the firm earned $0.61 earnings per share. Sandy Spring Bancorp’s revenue for the quarter was up 41.3% on a year-over-year basis.

Several equities analysts have recently issued reports on SASR shares. BidaskClub raised Sandy Spring Bancorp from a “hold” rating to a “buy” rating in a research note on Thursday, June 7th. Sandler O’Neill raised Sandy Spring Bancorp from a “hold” rating to a “buy” rating in a research note on Tuesday, June 26th. Zacks Investment Research cut Sandy Spring Bancorp from a “hold” rating to a “sell” rating in a research note on Tuesday, July 24th. Finally, ValuEngine cut Sandy Spring Bancorp from a “hold” rating to a “sell” rating in a research note on Friday, July 20th. Three research analysts have rated the stock with a sell rating, one has assigned a hold rating and four have assigned a buy rating to the company. The company currently has an average rating of “Hold” and a consensus price target of $46.20.

In other Sandy Spring Bancorp news, Director Mark C. Michael sold 1,000 shares of the business’s stock in a transaction on Thursday, July 5th. The stock was sold at an average price of $41.95, for a total value of $41,950.00. Following the sale, the director now directly owns 28,000 shares of the company’s stock, valued at $1,174,600. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Mark C. Michael sold 1,735 shares of the business’s stock in a transaction on Friday, August 3rd. The stock was sold at an average price of $39.54, for a total value of $68,601.90. Following the completion of the sale, the director now directly owns 22,000 shares in the company, valued at $869,880. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 6,735 shares of company stock worth $279,262. 3.31% of the stock is owned by insiders.

A number of institutional investors have recently added to or reduced their stakes in the business. BlackRock Inc. boosted its holdings in Sandy Spring Bancorp by 10.2% in the second quarter. BlackRock Inc. now owns 2,889,039 shares of the bank’s stock worth $118,480,000 after acquiring an additional 267,422 shares in the last quarter. Dimensional Fund Advisors LP increased its position in Sandy Spring Bancorp by 13.7% in the second quarter. Dimensional Fund Advisors LP now owns 2,245,581 shares of the bank’s stock worth $92,092,000 after buying an additional 271,282 shares in the last quarter. Banc Funds Co. LLC increased its position in Sandy Spring Bancorp by 33.9% in the first quarter. Banc Funds Co. LLC now owns 977,103 shares of the bank’s stock worth $37,873,000 after buying an additional 247,180 shares in the last quarter. Renaissance Technologies LLC increased its position in Sandy Spring Bancorp by 30.4% in the second quarter. Renaissance Technologies LLC now owns 929,710 shares of the bank’s stock worth $38,127,000 after buying an additional 216,890 shares in the last quarter. Finally, Dalton Greiner Hartman Maher & Co. increased its position in Sandy Spring Bancorp by 5.1% in the second quarter. Dalton Greiner Hartman Maher & Co. now owns 715,001 shares of the bank’s stock worth $29,322,000 after buying an additional 34,974 shares in the last quarter. 68.67% of the stock is currently owned by institutional investors and hedge funds.

SASR opened at $39.02 on Monday. The company has a debt-to-equity ratio of 1.07, a quick ratio of 1.08 and a current ratio of 1.09. Sandy Spring Bancorp has a 52-week low of $36.41 and a 52-week high of $43.87. The company has a market cap of $1.39 billion, a PE ratio of 15.36, a price-to-earnings-growth ratio of 1.12 and a beta of 0.68.

Sandy Spring Bancorp Company Profile

Sandy Spring Bancorp, Inc operates as the bank holding company for Sandy Spring Bank that provides commercial banking services to individuals and businesses in central Maryland, Northern Virginia, and Washington DC markets. It operates through three segments: Community Banking, Insurance, and Investment Management.

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