New York State Common Retirement Fund lessened its holdings in shares of Sandy Spring Bancorp, Inc. (NASDAQ:SASR) by 0.0% during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 25,000 shares of the bank’s stock after selling 1 shares during the period. New York State Common Retirement Fund owned about 0.10% of Sandy Spring Bancorp worth $1,017,000 at the end of the most recent quarter.

Several other large investors have also made changes to their positions in SASR. Parametric Portfolio Associates LLC grew its position in shares of Sandy Spring Bancorp by 2.7% during the 1st quarter. Parametric Portfolio Associates LLC now owns 45,517 shares of the bank’s stock worth $1,866,000 after purchasing an additional 1,176 shares in the last quarter. American International Group Inc. grew its position in shares of Sandy Spring Bancorp by 7.0% during the 1st quarter. American International Group Inc. now owns 14,476 shares of the bank’s stock worth $593,000 after purchasing an additional 943 shares in the last quarter. Alliancebernstein L.P. grew its position in shares of Sandy Spring Bancorp by 0.5% during the 1st quarter. Alliancebernstein L.P. now owns 39,491 shares of the bank’s stock worth $1,619,000 after purchasing an additional 200 shares in the last quarter. Principal Financial Group Inc. grew its position in shares of Sandy Spring Bancorp by 2,369.7% during the 1st quarter. Principal Financial Group Inc. now owns 151,984 shares of the bank’s stock worth $6,229,000 after purchasing an additional 145,830 shares in the last quarter. Finally, Teachers Advisors LLC grew its position in shares of Sandy Spring Bancorp by 3.9% during the 1st quarter. Teachers Advisors LLC now owns 51,023 shares of the bank’s stock worth $2,091,000 after purchasing an additional 1,930 shares in the last quarter. Hedge funds and other institutional investors own 68.00% of the company’s stock.

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Shares of Sandy Spring Bancorp, Inc. (SASR) opened at $40.31 on Friday. The stock has a market capitalization of $975.21, a PE ratio of 16.87 and a beta of 1.02. The company has a debt-to-equity ratio of 1.21, a quick ratio of 1.03 and a current ratio of 1.03.

Sandy Spring Bancorp (NASDAQ:SASR) last announced its quarterly earnings data on Thursday, October 19th. The bank reported $0.62 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.63 by ($0.01). Sandy Spring Bancorp had a net margin of 24.31% and a return on equity of 10.71%. The firm had revenue of $55.44 million for the quarter, compared to analyst estimates of $58.34 million. During the same quarter in the previous year, the company earned $0.56 EPS. equities research analysts expect that Sandy Spring Bancorp, Inc. will post 2.48 earnings per share for the current year.

The company also recently declared a quarterly dividend, which will be paid on Wednesday, November 15th. Shareholders of record on Wednesday, November 8th will be paid a dividend of $0.26 per share. This represents a $1.04 dividend on an annualized basis and a yield of 2.58%. The ex-dividend date is Tuesday, November 7th. Sandy Spring Bancorp’s payout ratio is currently 43.15%.

A number of research analysts have issued reports on the stock. Zacks Investment Research lowered shares of Sandy Spring Bancorp from a “hold” rating to a “sell” rating in a research report on Wednesday, October 25th. Boenning Scattergood restated a “hold” rating on shares of Sandy Spring Bancorp in a research report on Friday, October 20th. ValuEngine upgraded shares of Sandy Spring Bancorp from a “hold” rating to a “buy” rating in a research report on Monday, October 2nd. Finally, BidaskClub upgraded shares of Sandy Spring Bancorp from a “sell” rating to a “hold” rating in a research report on Saturday, August 26th. One research analyst has rated the stock with a sell rating, three have issued a hold rating and one has assigned a buy rating to the company’s stock. The company presently has an average rating of “Hold” and an average price target of $42.00.

Sandy Spring Bancorp Profile

Sandy Spring Bancorp, Inc is the bank holding company for Sandy Spring Bank (the Bank). The Company operates through three segments: Community Banking, Insurance and Investment Management. The Company’s Community Banking segment operates through Sandy Spring Bank and involves delivering a range of financial products and services, including various loan and deposit products to both individuals and businesses.

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Institutional Ownership by Quarter for Sandy Spring Bancorp (NASDAQ:SASR)

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