361 Capital LLC Takes Position in Sandy Spring Bancorp, Inc. (SASR)

361 Capital LLC bought a new position in Sandy Spring Bancorp, Inc. (NASDAQ:SASR) in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm bought 52,443 shares of the bank’s stock, valued at approximately $2,173,000. 361 Capital LLC owned approximately 0.22% of Sandy Spring Bancorp as of its most recent SEC filing.

A number of other large investors have also recently modified their holdings of the stock. Dimensional Fund Advisors LP grew its stake in Sandy Spring Bancorp by 1.6% during the second quarter. Dimensional Fund Advisors LP now owns 1,787,390 shares of the bank’s stock valued at $72,676,000 after acquiring an additional 28,837 shares in the last quarter. Vanguard Group Inc. grew its stake in Sandy Spring Bancorp by 1.0% during the second quarter. Vanguard Group Inc. now owns 1,092,551 shares of the bank’s stock valued at $44,423,000 after acquiring an additional 10,359 shares in the last quarter. Goldman Sachs Group Inc. grew its stake in Sandy Spring Bancorp by 13.9% during the second quarter. Goldman Sachs Group Inc. now owns 808,009 shares of the bank’s stock valued at $32,854,000 after acquiring an additional 98,650 shares in the last quarter. The Manufacturers Life Insurance Company lifted its position in Sandy Spring Bancorp by 0.3% during the second quarter. The Manufacturers Life Insurance Company now owns 535,327 shares of the bank’s stock valued at $21,766,000 after purchasing an additional 1,429 shares during the last quarter. Finally, State Street Corp lifted its position in Sandy Spring Bancorp by 16.9% during the second quarter. State Street Corp now owns 523,549 shares of the bank’s stock valued at $21,287,000 after purchasing an additional 75,500 shares during the last quarter. 68.60% of the stock is owned by institutional investors.

Sandy Spring Bancorp, Inc. (NASDAQ:SASR) traded down $0.26 during trading hours on Friday, reaching $39.00. 131,810 shares of the company were exchanged, compared to its average volume of 82,227. Sandy Spring Bancorp, Inc. has a 52 week low of $34.48 and a 52 week high of $45.64. The company has a quick ratio of 1.03, a current ratio of 1.03 and a debt-to-equity ratio of 1.12. The company has a market cap of $929.55, a price-to-earnings ratio of 16.00 and a beta of 1.02.

Sandy Spring Bancorp (NASDAQ:SASR) last posted its quarterly 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 firm had revenue of $55.44 million for the quarter, compared to the consensus estimate of $58.34 million. Sandy Spring Bancorp had a net margin of 27.22% and a return on equity of 10.82%. During the same quarter in the prior year, the company earned $0.56 earnings per share. research analysts predict that Sandy Spring Bancorp, Inc. will post 2.48 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, November 15th. Shareholders of record on Wednesday, November 8th were given a dividend of $0.26 per share. This represents a $1.04 dividend on an annualized basis and a yield of 2.67%. The ex-dividend date of this dividend was Tuesday, November 7th. Sandy Spring Bancorp’s payout ratio is currently 43.15%.

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Several brokerages have issued reports on SASR. BidaskClub upgraded shares of Sandy Spring Bancorp from a “sell” rating to a “hold” rating in a research report on Saturday, August 26th. Zacks Investment Research lowered shares of Sandy Spring Bancorp from a “hold” rating to a “sell” rating in a report on Wednesday, October 25th. ValuEngine upgraded shares of Sandy Spring Bancorp from a “hold” rating to a “buy” rating in a report on Monday, October 2nd. Finally, Boenning Scattergood restated a “hold” rating on shares of Sandy Spring Bancorp in a report on Friday, October 20th. One investment analyst has rated the stock with a sell rating, three have given a hold rating and one has given a buy rating to the company. The company has an average rating of “Hold” and a consensus target price of $42.00.

Sandy Spring Bancorp 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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Institutional Ownership by Quarter for Sandy Spring Bancorp (NASDAQ:SASR)

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