Sandy Spring Bancorp Inc. (NASDAQ:SASR) declared a quarterly dividend on Wednesday, January 31st, Zacks reports. Stockholders of record on Wednesday, February 14th will be given a dividend of 0.26 per share by the bank on Wednesday, February 21st. This represents a $1.04 dividend on an annualized basis and a dividend yield of 2.78%. The ex-dividend date is Tuesday, February 13th.

Sandy Spring Bancorp (SASR) traded down $0.13 during midday trading on Thursday, hitting $37.42. The stock had a trading volume of 34,781 shares, compared to its average volume of 232,539. Sandy Spring Bancorp has a 12 month low of $36.41 and a 12 month high of $45.64. The firm has a market capitalization of $888.96, a PE ratio of 17.05, a price-to-earnings-growth ratio of 0.95 and a beta of 0.93. The company has a debt-to-equity ratio of 1.12, a quick ratio of 1.03 and a current ratio of 1.03.

Sandy Spring Bancorp (NASDAQ:SASR) last released its quarterly earnings results on Thursday, January 18th. The bank reported $0.64 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.63 by $0.01. Sandy Spring Bancorp had a return on equity of 10.91% and a net margin of 21.63%. The company had revenue of $55.79 million during the quarter, compared to analysts’ expectations of $56.21 million. During the same period in the previous year, the firm posted $0.55 earnings per share. The business’s revenue for the quarter was up 8.7% compared to the same quarter last year. analysts forecast that Sandy Spring Bancorp will post 3.07 EPS for the current fiscal year.

SASR has been the subject of a number of analyst reports. BidaskClub raised Sandy Spring Bancorp from a “sell” rating to a “hold” rating in a report on Wednesday, January 3rd. Boenning Scattergood reissued a “hold” rating on shares of Sandy Spring Bancorp in a report on Tuesday, January 2nd. Zacks Investment Research raised Sandy Spring Bancorp from a “hold” rating to a “strong-buy” rating and set a $45.00 price target for the company in a report on Thursday, January 4th. Sandler O’Neill set a $44.00 price target on Sandy Spring Bancorp and gave the stock a “hold” rating in a report on Friday, January 12th. Finally, Gabelli initiated coverage on Sandy Spring Bancorp in a research note on Monday, January 8th. They issued a “buy” rating and a $50.00 target price for the company. One analyst has rated the stock with a sell rating, three have assigned a hold rating, two have issued a buy rating and one has given a strong buy rating to the company. Sandy Spring Bancorp currently has a consensus rating of “Hold” and a consensus target price of $44.75.

In related news, Director Shaza L. Andersen sold 8,546 shares of the company’s stock in a transaction on Monday, January 22nd. The stock was sold at an average price of $39.64, for a total value of $338,763.44. Following the completion of the transaction, the director now directly owns 77,344 shares in the company, valued at $3,065,916.16. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Ronda M. Mcdowell sold 1,872 shares of the company’s stock in a transaction on Tuesday, January 30th. The shares were sold at an average price of $37.95, for a total value of $71,042.40. Following the completion of the transaction, the executive vice president now owns 5,090 shares of the company’s stock, valued at $193,165.50. The disclosure for this sale can be found here. Insiders sold 11,956 shares of company stock valued at $469,219 over the last quarter. Insiders own 2.60% of the company’s stock.

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About Sandy Spring Bancorp

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.

Dividend History for Sandy Spring Bancorp (NASDAQ:SASR)

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