1 week Ago By ABMN Staff
Invesco Ltd. lifted its position in shares of Sandy Spring Bancorp, Inc. ( NASDAQ:SASR – Free Report ) by 5.
4% in the fourth quarter, HoldingsChannel.com reports. The fund owned 134,011 shares of the bank’s stock after buying an additional 6,842 shares during the period.
Invesco Ltd.’s holdings in Sandy Spring Bancorp were worth $4,518,000 at the end of the most recent reporting period. Several other large investors have also made changes to their positions in the company.
Vestcor Inc acquired a new position in Sandy Spring Bancorp during the fourth quarter valued at approximately $37,000. Family Firm Inc. acquired a new position in shares of Sandy Spring Bancorp during the 4th quarter worth $204,000.
Stifel Financial Corp acquired a new position in shares of Sandy Spring Bancorp during the 3rd quarter worth $217,000. Commonwealth of Pennsylvania Public School Empls Retrmt SYS bought a new stake in shares of Sandy Spring Bancorp during the 4th quarter worth $228,000. Finally, Heritage Investors Management Corp acquired a new stake in Sandy Spring Bancorp in the fourth quarter valued at about $281,000.
Institutional investors and hedge funds own 66.90% of the company’s stock. Wall Street Analysts Forecast Growth Separately, StockNews.
com began coverage on shares of Sandy Spring Bancorp in a report on Friday. They set a “sell” rating on the stock. Sandy Spring Bancorp Trading Up 1.
0 % Shares of SASR stock opened at $27.87 on Friday. Sandy Spring Bancorp, Inc.
has a twelve month low of $20.42 and a twelve month high of $39.55.
The stock’s fifty day simple moving average is $29.13 and its 200 day simple moving average is $32.74.
The company has a quick ratio of 1.02, a current ratio of 1.02 and a debt-to-equity ratio of 0.
50. The firm has a market capitalization of $1.26 billion, a P/E ratio of 61.
93 and a beta of 0.96. Sandy Spring Bancorp ( NASDAQ:SASR – Get Free Report ) last released its quarterly earnings results on Tuesday, January 28th.
The bank reported $0.47 earnings per share for the quarter, missing the consensus estimate of $0.48 by ($0.
01). Sandy Spring Bancorp had a return on equity of 5.31% and a net margin of 2.
65%. As a group, sell-side analysts predict that Sandy Spring Bancorp, Inc. will post 2.
48 EPS for the current fiscal year. Sandy Spring Bancorp Dividend Announcement The firm also recently declared a quarterly dividend, which was paid on Wednesday, February 19th. Shareholders of record on Wednesday, February 12th were given a $0.
34 dividend. This represents a $1.36 annualized dividend and a yield of 4.
88%. The ex-dividend date of this dividend was Wednesday, February 12th. Sandy Spring Bancorp’s dividend payout ratio (DPR) is currently 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 Want to see what other hedge funds are holding SASR? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Sandy Spring Bancorp, Inc. ( NASDAQ:SASR – Free Report ).
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