Sandy Spring Bancorp (SASR) Given News Impact Score of 0.17
News stories about Sandy Spring Bancorp (NASDAQ:SASR) have been trending somewhat positive on Thursday, Accern reports. The research group identifies negative and positive media coverage by monitoring more than 20 million news and blog sources in real time. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Sandy Spring Bancorp earned a media sentiment score of 0.17 on Accern’s scale. Accern also gave media coverage about the bank an impact score of 47.8278572489447 out of 100, indicating that recent media coverage is somewhat unlikely to have an effect on the stock’s share price in the next few days.
Here are some of the news headlines that may have effected Accern Sentiment Analysis’s rankings:
- Research Analysts Set Expectations for Sandy Spring Bancorp Inc.’s FY2017 Earnings (SASR) (americanbankingnews.com)
- Sandy Spring Bancorp (SASR) Set to Announce Earnings on Wednesday (americanbankingnews.com)
- Sandy Spring Bancorp Inc. (SASR) Given Consensus Recommendation of “Buy” by Brokerages (americanbankingnews.com)
- Sandy Spring Bancorp (SASR) Rating Increased to Strong-Buy at Zacks Investment Research (americanbankingnews.com)
Sandy Spring Bancorp (NASDAQ SASR) opened at $39.71 on Thursday. The company has a market capitalization of $936.23, a P/E ratio of 16.48 and a beta of 0.99. 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 has a 1-year low of $36.50 and a 1-year high of $45.64.
Sandy Spring Bancorp (NASDAQ:SASR) last announced its earnings results on Thursday, October 19th. The bank reported $0.62 EPS for the quarter, missing the Zacks’ consensus estimate of $0.63 by ($0.01). The company had revenue of $55.44 million during the quarter, compared to analysts’ expectations of $58.34 million. Sandy Spring Bancorp had a return on equity of 10.61% and a net margin of 24.31%. During the same quarter last year, the firm posted $0.56 EPS. research analysts forecast that Sandy Spring Bancorp will post 2.4 earnings per share for the current year.
A number of analysts have issued reports on the company. Boenning Scattergood reaffirmed a “hold” rating on shares of Sandy Spring Bancorp in a research note on Friday, October 20th. ValuEngine raised Sandy Spring Bancorp from a “hold” rating to a “buy” rating in a research note on Monday, October 2nd. Zacks Investment Research downgraded Sandy Spring Bancorp from a “hold” rating to a “sell” rating in a research note on Wednesday, October 25th. BidaskClub upgraded Sandy Spring Bancorp from a “sell” rating to a “hold” rating in a report on Wednesday, January 3rd. Finally, Gabelli began coverage on Sandy Spring Bancorp in a report on Monday. They issued a “buy” rating and a $50.00 target price for the company. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating, two have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The stock has an average rating of “Buy” and an average target price of $45.00.
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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.
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