Somewhat Positive Media Coverage Somewhat Unlikely to Affect Sandy Spring Bancorp (SASR) Stock Price
News coverage about Sandy Spring Bancorp (NASDAQ:SASR) has been trending somewhat positive this week, Accern reports. Accern identifies positive and negative news coverage by reviewing more than 20 million blog and news sources in real-time. Accern ranks coverage of public companies on a scale of negative one to one, with scores closest to one being the most favorable. Sandy Spring Bancorp earned a coverage optimism score of 0.14 on Accern’s scale. Accern also assigned news coverage about the bank an impact score of 45.1882370637159 out of 100, indicating that recent news coverage is somewhat unlikely to have an effect on the company’s share price in the near term.
Here are some of the media stories that may have effected Accern Sentiment’s rankings:
- Critical Review: First Midwest Bancorp (FMBI) & Sandy Spring Bancorp (SASR) (americanbankingnews.com)
- Federal Reserve Board announces approval of proposal by Sandy Spring Bancorp, Inc. (federalreserve.gov)
- BRIEF-Sandy Spring Bancorp receives regulatory approvals for WashingtonFirst Bankshares deal (reuters.com)
- Sandy Spring gets regulatory clearance for WashingtonFirst buyout (seekingalpha.com)
- Fed approves Sandy Spring Bancorp merger with WashingtonFirst Bankshares (SASR) (markets.businessinsider.com)
Sandy Spring Bancorp (SASR) opened at $38.41 on Tuesday. The firm has a market capitalization of $925.43, a P/E ratio of 16.00 and a beta of 1.02. Sandy Spring Bancorp has a 1 year low of $36.18 and a 1 year high of $45.64. The company has a debt-to-equity ratio of 1.12, a current ratio of 1.03 and a quick ratio of 1.03.
Sandy Spring Bancorp (NASDAQ:SASR) last released its earnings results on Thursday, October 19th. The bank reported $0.62 earnings per share for the quarter, missing the consensus estimate of $0.63 by ($0.01). The firm had revenue of $55.44 million during the quarter, compared to analysts’ expectations of $58.34 million. Sandy Spring Bancorp had a net margin of 24.31% and a return on equity of 10.61%. During the same quarter last year, the business earned $0.56 EPS. sell-side analysts expect that Sandy Spring Bancorp will post 2.47 EPS for the current year.
The company also recently announced a quarterly dividend, which was paid on Wednesday, November 15th. Stockholders of record on Wednesday, November 8th were given a $0.26 dividend. The ex-dividend date was Tuesday, November 7th. This represents a $1.04 annualized dividend and a dividend yield of 2.71%. Sandy Spring Bancorp’s dividend payout ratio (DPR) is presently 43.15%.
SASR has been the topic of a number of recent analyst reports. Zacks Investment Research downgraded Sandy Spring Bancorp from a “hold” rating to a “sell” rating in a research report on Wednesday, October 25th. Boenning Scattergood reiterated a “hold” rating on shares of Sandy Spring Bancorp in a research report on Friday, October 20th. ValuEngine upgraded Sandy Spring Bancorp from a “hold” rating to a “buy” rating in a research report on Monday, October 2nd. Finally, BidaskClub upgraded Sandy Spring Bancorp from a “sell” rating to a “hold” rating in a research report on Saturday, August 26th. One investment analyst has rated the stock with a sell rating, three have given a hold rating and one has assigned a buy rating to the stock. The stock currently has a consensus rating of “Hold” and an average price target of $42.00.
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.
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