$0.80 EPS Expected for Sandy Spring Bancorp, Inc. (SASR)

September 25, 2018 - By Mark Babin

Sandy Spring Bancorp, Inc. (NASDAQ:SASR) LogoInvestors sentiment decreased to 1.25 in Q2 2018. Its down 1.21, from 2.46 in 2018Q1. It dived, as 12 investors sold Sandy Spring Bancorp, Inc. shares while 48 reduced holdings. 20 funds opened positions while 55 raised stakes. 23.24 million shares or 2.84% more from 22.60 million shares in 2018Q1 were reported.
The Massachusetts-based Geode Capital Management Limited Liability has invested 0% in Sandy Spring Bancorp, Inc. (NASDAQ:SASR). Lafayette has 95,658 shares for 1.44% of their portfolio. Morgan Stanley owns 115,304 shares. Brinker Capital stated it has 12,441 shares. 7,511 are held by Davenport & Company Ltd Llc. California Employees Retirement System holds 0% or 61,232 shares in its portfolio. Hotchkis And Wiley Cap Mgmt Ltd Company has 20,839 shares. The North Carolina-based Salem Inv Counselors has invested 0% in Sandy Spring Bancorp, Inc. (NASDAQ:SASR). Victory Cap Mngmt owns 12,778 shares. Wellington Group Llp has invested 0% in Sandy Spring Bancorp, Inc. (NASDAQ:SASR). Alliancebernstein Lp invested in 550,056 shares. Jcsd Ltd Llc invested 4.97% of its portfolio in Sandy Spring Bancorp, Inc. (NASDAQ:SASR). California State Teachers Retirement System stated it has 0% in Sandy Spring Bancorp, Inc. (NASDAQ:SASR). Credit Suisse Ag, a Switzerland-based fund reported 20,346 shares. Cornercap Counsel stated it has 0.11% of its portfolio in Sandy Spring Bancorp, Inc. (NASDAQ:SASR).

Since April 23, 2018, it had 0 insider purchases, and 36 sales for $5.53 million activity. Andersen Shaza L had sold 10,000 shares worth $433,706. Shares for $1.39M were sold by BRACEWELL JOSEPH S.

Analysts expect Sandy Spring Bancorp, Inc. (NASDAQ:SASR) to report $0.80 EPS on October, 18.They anticipate $0.18 EPS change or 29.03 % from last quarter’s $0.62 EPS. SASR’s profit would be $28.40 million giving it 12.32 P/E if the $0.80 EPS is correct. After having $0.68 EPS previously, Sandy Spring Bancorp, Inc.’s analysts see 17.65 % EPS growth. The stock decreased 1.67% or $0.66 during the last trading session, reaching $39.43. About 160,125 shares traded or 29.58% up from the average. Sandy Spring Bancorp, Inc. (NASDAQ:SASR) has risen 1.20% since September 25, 2017 and is uptrending. It has underperformed by 14.42% the S&P500.

Sandy Spring Bancorp, Inc. (NASDAQ:SASR) Ratings Coverage

Among 2 analysts covering Sandy Spring Bancorp (NASDAQ:SASR), 2 have Buy rating, 0 Sell and 0 Hold. Therefore 100% are positive. Sandy Spring Bancorp had 2 analyst reports since April 24, 2018 according to SRatingsIntel. The firm has “Buy” rating given on Tuesday, April 24 by Keefe Bruyette & Woods. Sandler O’Neill upgraded the shares of SASR in report on Tuesday, June 26 to “Buy” rating.

Sandy Spring Bancorp, Inc. operates as the bank holding firm for Sandy Spring Bank that provides commercial and retail banking services to individuals and businesses in central Maryland, Northern Virginia, and Washington D. The company has market cap of $1.40 billion. C. markets. It has a 17 P/E ratio. It operates through three divisions: Community Banking, Insurance, and Investment Management.

Sandy Spring Bancorp, Inc. (NASDAQ:SASR) Institutional Positions Chart

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