Advisory Services Network LLC boosted its stake in Sandy Spring Bancorp Inc. (NASDAQ:SASR) by 87.7% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 1,520 shares of the bank’s stock after purchasing an additional 710 shares during the quarter. Advisory Services Network LLC’s holdings in Sandy Spring Bancorp were worth $48,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in SASR. BlackRock Inc. raised its holdings in shares of Sandy Spring Bancorp by 1.2% during the 4th quarter. BlackRock Inc. now owns 2,686,579 shares of the bank’s stock worth $84,197,000 after acquiring an additional 32,074 shares in the last quarter. Dimensional Fund Advisors LP raised its position in shares of Sandy Spring Bancorp by 5.8% during the 4th quarter. Dimensional Fund Advisors LP now owns 2,520,969 shares of the bank’s stock valued at $79,007,000 after buying an additional 137,653 shares in the last quarter. Vanguard Group Inc. lifted its holdings in shares of Sandy Spring Bancorp by 2.7% in the 3rd quarter. Vanguard Group Inc. now owns 1,645,043 shares of the bank’s stock valued at $64,666,000 after acquiring an additional 43,886 shares during the last quarter. Vanguard Group Inc lifted its holdings in shares of Sandy Spring Bancorp by 2.7% in the 3rd quarter. Vanguard Group Inc now owns 1,645,043 shares of the bank’s stock valued at $64,666,000 after acquiring an additional 43,886 shares during the last quarter. Finally, Renaissance Technologies LLC grew its position in Sandy Spring Bancorp by 2.9% in the third quarter. Renaissance Technologies LLC now owns 956,210 shares of the bank’s stock worth $37,589,000 after acquiring an additional 26,500 shares in the last quarter. 69.50% of the stock is owned by institutional investors and hedge funds.

A number of research firms have recently commented on SASR. BidaskClub upgraded shares of Sandy Spring Bancorp from a “sell” rating to a “hold” rating in a report on Wednesday, February 20th. Gabelli restated a “buy” rating on shares of Sandy Spring Bancorp in a research note on Friday, January 18th. Zacks Investment Research downgraded shares of Sandy Spring Bancorp from a “hold” rating to a “sell” rating in a research note on Thursday, December 20th. Keefe, Bruyette & Woods lowered Sandy Spring Bancorp from an “outperform” rating to a “market perform” rating and lowered their price target for the company from $44.00 to $35.00 in a report on Friday, January 18th. Finally, Sandler O’Neill cut Sandy Spring Bancorp from a “buy” rating to a “hold” rating and set a $35.00 price objective on the stock. in a research note on Friday, January 18th. Two equities research analysts have rated the stock with a sell rating, three have issued a hold rating and three have issued a buy rating to the company. Sandy Spring Bancorp has a consensus rating of “Hold” and an average target price of $40.00.

SASR opened at $32.46 on Wednesday. The firm has a market cap of $1.17 billion, a PE ratio of 11.35 and a beta of 0.77. The company has a debt-to-equity ratio of 0.83, a quick ratio of 1.06 and a current ratio of 1.06. Sandy Spring Bancorp Inc. has a 12-month low of $29.83 and a 12-month high of $43.87.

Sandy Spring Bancorp (NASDAQ:SASR) last released its quarterly earnings data on Thursday, January 17th. The bank reported $0.72 earnings per share for the quarter, missing the consensus estimate of $0.79 by ($0.07). Sandy Spring Bancorp had a net margin of 26.19% and a return on equity of 10.00%. The firm had revenue of $80.18 million during the quarter, compared to the consensus estimate of $81.94 million. During the same quarter in the previous year, the firm earned $0.34 earnings per share. On average, equities analysts expect that Sandy Spring Bancorp Inc. will post 3.14 EPS for the current year.

In other news, EVP Ronda M. Mcdowell sold 744 shares of the company’s stock in a transaction that occurred on Wednesday, February 27th. The shares were sold at an average price of $35.02, for a total value of $26,054.88. Following the completion of the sale, the executive vice president now owns 6,034 shares of the company’s stock, valued at approximately $211,310.68. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Mark E. Friis purchased 1,000 shares of the stock in a transaction dated Tuesday, January 22nd. The stock was acquired at an average cost of $31.86 per share, with a total value of $31,860.00. Following the transaction, the director now directly owns 11,235 shares in the company, valued at approximately $357,947.10. The disclosure for this purchase can be found here. 2.09% of the stock is owned by corporate insiders.

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Sandy Spring Bancorp 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 The company operates in three segments: Community Banking, Insurance, and Investment Management.

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

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