Sandy Spring Bancorp, Inc. (SASR) Shares Bought by American Century Companies Inc.
American Century Companies Inc. boosted its stake in shares of Sandy Spring Bancorp, Inc. (NASDAQ:SASR) by 99.0% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 73,059 shares of the bank’s stock after purchasing an additional 36,353 shares during the period. American Century Companies Inc. owned approximately 0.30% of Sandy Spring Bancorp worth $3,028,000 at the end of the most recent reporting period.
A number of other large investors also recently added to or reduced their stakes in SASR. Thrivent Financial For Lutherans boosted its holdings in shares of Sandy Spring Bancorp by 90.7% in the 2nd quarter. Thrivent Financial For Lutherans now owns 309,182 shares of the bank’s stock valued at $12,571,000 after acquiring an additional 147,030 shares during the last quarter. Robeco Institutional Asset Management B.V. purchased a new stake in shares of Sandy Spring Bancorp in the 2nd quarter valued at $5,524,000. Goldman Sachs Group Inc. boosted its holdings in shares of Sandy Spring Bancorp by 13.9% in the 2nd quarter. Goldman Sachs Group Inc. now owns 808,009 shares of the bank’s stock valued at $32,854,000 after acquiring an additional 98,650 shares during the last quarter. Renaissance Technologies LLC boosted its holdings in shares of Sandy Spring Bancorp by 26.7% in the 2nd quarter. Renaissance Technologies LLC now owns 431,354 shares of the bank’s stock valued at $17,539,000 after acquiring an additional 90,954 shares during the last quarter. Finally, State Street Corp boosted its holdings in shares of Sandy Spring Bancorp by 16.9% in the 2nd quarter. State Street Corp now owns 523,549 shares of the bank’s stock valued at $21,287,000 after acquiring an additional 75,500 shares during the last quarter. 69.37% of the stock is currently owned by institutional investors.
Shares of Sandy Spring Bancorp, Inc. (NASDAQ:SASR) opened at $38.57 on Friday. The company has a market cap of $925.45, a price-to-earnings ratio of 16.00 and a beta of 1.02. The company has a quick ratio of 1.03, a current ratio of 1.03 and a debt-to-equity ratio of 1.12. Sandy Spring Bancorp, Inc. has a twelve month low of $36.18 and a twelve month high of $45.64.
Sandy Spring Bancorp (NASDAQ:SASR) last released its quarterly earnings data on Thursday, October 19th. The bank reported $0.62 EPS for the quarter, missing the consensus estimate of $0.63 by ($0.01). Sandy Spring Bancorp had a net margin of 24.31% and a return on equity of 10.61%. The business had revenue of $55.44 million during the quarter, compared to analysts’ expectations of $58.34 million. During the same period last year, the company earned $0.56 earnings per share. sell-side analysts predict that Sandy Spring Bancorp, Inc. will post 2.47 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which was paid on Wednesday, November 15th. Investors of record on Wednesday, November 8th were paid a $0.26 dividend. This represents a $1.04 annualized dividend and a dividend yield of 2.70%. The ex-dividend date of this dividend was Tuesday, November 7th. Sandy Spring Bancorp’s dividend payout ratio is currently 43.15%.
SASR has been the topic of several recent research reports. ValuEngine raised shares of Sandy Spring Bancorp from a “hold” rating to a “buy” rating in a report on Monday, October 2nd. Zacks Investment Research raised shares of Sandy Spring Bancorp from a “hold” rating to a “buy” rating and set a $44.00 price objective on the stock in a report on Wednesday, September 20th. BidaskClub raised shares of Sandy Spring Bancorp from a “sell” rating to a “hold” rating in a report on Saturday, August 26th. Finally, Boenning Scattergood reaffirmed a “hold” rating on shares of Sandy Spring Bancorp in a report on Friday, October 20th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and one has issued a buy rating to the company. The company presently has an average rating of “Hold” and an average price target of $42.00.
TRADEMARK VIOLATION NOTICE: This story was first posted by Watch List News and is the property of of Watch List News. If you are accessing this story on another website, it was illegally stolen and republished in violation of United States and international trademark and copyright law. The legal version of this story can be accessed at https://www.watchlistnews.com/sandy-spring-bancorp-inc-sasr-shares-bought-by-american-century-companies-inc/1727042.html.
Sandy Spring Bancorp Company 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.
Receive News & Ratings for Sandy Spring Bancorp Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Sandy Spring Bancorp Inc. and related companies with Analyst Ratings Network's FREE daily email newsletter.