1 week Ago By ABMN Staff
Legal & General Group Plc decreased its position in shares of Sandy Spring Bancorp, Inc. ( NASDAQ:SASR – Free Report ) by 3.9% in the fourth quarter, Holdings Channel.
com reports. The firm owned 50,607 shares of the bank’s stock after selling 2,070 shares during the period. Legal & General Group Plc’s holdings in Sandy Spring Bancorp were worth $1,706,000 as of its most recent SEC filing.
A number of other institutional investors have also recently bought and sold shares of the company. Invesco Ltd. lifted its holdings in shares of Sandy Spring Bancorp by 5.
4% during the 4th quarter. Invesco Ltd. now owns 134,011 shares of the bank’s stock valued at $4,518,000 after buying an additional 6,842 shares during the last quarter.
Cerity Partners LLC raised its position in Sandy Spring Bancorp by 1.4% during the fourth quarter. Cerity Partners LLC now owns 26,583 shares of the bank’s stock valued at $895,000 after acquiring an additional 374 shares in the last quarter.
Wells Fargo & Company MN lifted its stake in Sandy Spring Bancorp by 2.3% in the fourth quarter. Wells Fargo & Company MN now owns 57,902 shares of the bank’s stock valued at $1,952,000 after acquiring an additional 1,291 shares during the last quarter.
Massachusetts Financial Services Co. MA grew its position in Sandy Spring Bancorp by 16.0% in the fourth quarter.
Massachusetts Financial Services Co. MA now owns 937,531 shares of the bank’s stock worth $31,604,000 after acquiring an additional 129,591 shares in the last quarter. Finally, StoneX Group Inc.
acquired a new position in shares of Sandy Spring Bancorp during the 4th quarter worth $796,000. Institutional investors and hedge funds own 66.90% of the company’s stock.
Sandy Spring Bancorp Stock Up 1.0 % Shares of SASR stock opened at $27.87 on Friday.
The stock’s 50 day simple moving average is $29.13 and its 200 day simple moving average is $32.74.
Sandy Spring Bancorp, Inc. has a twelve month low of $20.42 and a twelve month high of $39.
55. The company has a debt-to-equity ratio of 0.50, a quick ratio of 1.
02 and a current ratio of 1.02. The company has a market capitalization of $1.
26 billion, a price-to-earnings ratio of 61.93 and a beta of 0.96.
Sandy Spring Bancorp Announces Dividend The firm also recently declared a quarterly dividend, which was paid on Wednesday, February 19th. Stockholders of record on Wednesday, February 12th were given a $0.34 dividend.
This represents a $1.36 annualized dividend and a dividend yield of 4.88%.
The ex-dividend date of this dividend was Wednesday, February 12th. Sandy Spring Bancorp’s dividend payout ratio is currently 302.22%.
Analysts Set New Price Targets Separately, StockNews.com started coverage on shares of Sandy Spring Bancorp in a research note on Friday. They issued a “sell” rating for the company.
Get Our Latest Stock Report on SASR 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. Featured 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 ). 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.
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