1 week Ago By Defense World Staff
Invesco Ltd. increased its position in Sandy Spring Bancorp, Inc. ( NASDAQ:SASR – Free Report ) by 5.
4% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 134,011 shares of the bank’s stock after purchasing an additional 6,842 shares during the quarter. Invesco Ltd.
owned approximately 0.30% of Sandy Spring Bancorp worth $4,518,000 as of its most recent SEC filing. Several other hedge funds have also bought and sold shares of the company.
Franklin Resources Inc. raised its stake in Sandy Spring Bancorp by 45.8% in the fourth quarter.
Franklin Resources Inc. now owns 1,853,807 shares of the bank’s stock valued at $62,492,000 after buying an additional 582,309 shares during the period. Massachusetts Financial Services Co.
MA raised its stake in Sandy Spring Bancorp by 16.0% in the 4th quarter. Massachusetts Financial Services Co.
MA now owns 937,531 shares of the bank’s stock valued at $31,604,000 after acquiring an additional 129,591 shares during the period. American Century Companies Inc. lifted its holdings in Sandy Spring Bancorp by 0.
8% during the 4th quarter. American Century Companies Inc. now owns 893,547 shares of the bank’s stock valued at $30,121,000 after purchasing an additional 6,815 shares during the last quarter.
Charles Schwab Investment Management Inc. lifted its holdings in Sandy Spring Bancorp by 0.7% during the 4th quarter.
Charles Schwab Investment Management Inc. now owns 684,711 shares of the bank’s stock valued at $23,082,000 after purchasing an additional 4,787 shares during the last quarter. Finally, Magnetar Financial LLC bought a new position in Sandy Spring Bancorp during the fourth quarter worth $21,212,000.
66.90% of the stock is currently owned by institutional investors and hedge funds. Analysts Set New Price Targets Separately, StockNews.
com started coverage on shares of Sandy Spring Bancorp in a research report on Friday. They issued a “sell” rating on the stock. Sandy Spring Bancorp Price Performance Sandy Spring Bancorp stock opened at $27.
87 on Friday. The company has a market capitalization of $1.26 billion, a price-to-earnings ratio of 61.
93 and a beta of 0.96. The company has a current ratio of 1.
02, a quick ratio of 1.02 and a debt-to-equity ratio of 0.50.
Sandy Spring Bancorp, Inc. has a 12 month low of $20.42 and a 12 month high of $39.
55. The stock’s 50 day moving average is $29.13 and its 200-day moving average is $32.
74. Sandy Spring Bancorp ( NASDAQ:SASR – Get Free Report ) last issued its quarterly earnings data on Tuesday, January 28th. The bank reported $0.
47 EPS for the quarter, missing analysts’ consensus estimates of $0.48 by ($0.01).
Sandy Spring Bancorp had a net margin of 2.65% and a return on equity of 5.31%.
Equities research analysts expect that Sandy Spring Bancorp, Inc. will post 2.48 EPS for the current year.
Sandy Spring Bancorp Dividend Announcement The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, February 19th. Shareholders of record on Wednesday, February 12th were paid a $0.34 dividend.
This represents a $1.36 annualized dividend and a yield of 4.88%.
The ex-dividend date was Wednesday, February 12th. Sandy Spring Bancorp’s dividend payout ratio (DPR) is 302.22%.
Sandy Spring Bancorp Company Profile ( Free Report ) Sandy Spring Bancorp, Inc operates as the bank holding company for Sandy Spring Bank that provides commercial and retail banking, mortgage, private banking, and trust services to individuals and businesses in the United States. It offers financial products and services, including various loan and deposit products. Recommended Stories Five stocks we like better than Sandy Spring Bancorp How Can Investors Benefit From After-Hours Trading Markets Think Robinhood Earnings Could Send the Stock Up How to Short Nasdaq: An Easy-to-Follow Guide Churchill Downs Stock: Could Tariff Fears Dampen Derby Gains? How to Start Investing in Real Estate AT&T: Subscriber Growth & Buybacks Signal Bullish Turnaround Receive News & Ratings for Sandy Spring Bancorp Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Sandy Spring Bancorp and related companies with MarketBeat.
com's FREE daily email newsletter ..
