Media headlines about Sandy Spring Bank (NASDAQ:SASR) have been trending somewhat positive this week, according to Accern Sentiment. The research group scores the sentiment of news coverage by analyzing more than 20 million blog and news sources in real-time. Accern ranks coverage of companies on a scale of -1 to 1, with scores closest to one being the most favorable. Sandy Spring Bank earned a news sentiment score of 0.19 on Accern’s scale. Accern also gave headlines about the bank an impact score of 46.6913637129324 out of 100, meaning that recent news coverage is somewhat unlikely to have an impact on the company’s share price in the near term.
Here are some of the news headlines that may have effected Accern Sentiment Analysis’s rankings:
- Sandy Spring Bank (SASR) Director Sells $122,070.00 in Stock (americanbankingnews.com)
- Sandy Spring Bank (SASR) Given Average Rating of “Hold” by Brokerages (americanbankingnews.com)
- Analysts Anticipate Sandy Spring Bank (SASR) Will Post Quarterly Sales of $83.51 Million (americanbankingnews.com)
- Sandy Spring Bank (SASR) Director Mark C. Michael Sells 2,000 Shares (americanbankingnews.com)
- Zacks: Analysts Expect Sandy Spring Bank (SASR) Will Announce Earnings of $0.80 Per Share (americanbankingnews.com)
SASR has been the subject of a number of analyst reports. Boenning Scattergood reaffirmed a “hold” rating on shares of Sandy Spring Bank in a research note on Thursday, January 18th. BidaskClub raised shares of Sandy Spring Bank from a “sell” rating to a “hold” rating in a research note on Thursday, March 29th. Zacks Investment Research lowered shares of Sandy Spring Bank from a “hold” rating to a “sell” rating in a research note on Wednesday, March 14th. Stephens raised shares of Sandy Spring Bank from an “equal weight” rating to an “overweight” rating and set a $45.00 price objective for the company in a research note on Thursday, February 22nd. Finally, ValuEngine lowered shares of Sandy Spring Bank from a “hold” rating to a “sell” rating in a research note on Wednesday, May 2nd. One analyst has rated the stock with a sell rating, four have issued a hold rating and three have issued a buy rating to the company. Sandy Spring Bank has a consensus rating of “Hold” and a consensus target price of $46.20.
Sandy Spring Bank (NASDAQ:SASR) last posted its quarterly earnings results on Thursday, April 19th. The bank reported $0.80 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.75 by $0.05. The business had revenue of $81.03 million during the quarter, compared to analyst estimates of $78.10 million. Sandy Spring Bank had a net margin of 21.34% and a return on equity of 10.94%. The firm’s revenue was up 48.2% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.63 earnings per share. sell-side analysts predict that Sandy Spring Bank will post 3.25 EPS for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Wednesday, May 16th. Stockholders of record on Wednesday, May 9th will be given a $0.28 dividend. This represents a $1.12 dividend on an annualized basis and a dividend yield of 2.74%. This is a positive change from Sandy Spring Bank’s previous quarterly dividend of $0.26. The ex-dividend date of this dividend is Tuesday, May 8th. Sandy Spring Bank’s dividend payout ratio is 44.09%.
In other news, Director Mark C. Michael sold 3,000 shares of the stock in a transaction that occurred on Monday, April 30th. The shares were sold at an average price of $40.25, for a total value of $120,750.00. Following the completion of the sale, the director now directly owns 97,590 shares of the company’s stock, valued at $3,927,997.50. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Mark C. Michael sold 1,000 shares of the stock in a transaction that occurred on Monday, April 23rd. The stock was sold at an average price of $40.00, for a total transaction of $40,000.00. Following the completion of the sale, the director now directly owns 100,590 shares of the company’s stock, valued at $4,023,600. The disclosure for this sale can be found here. Insiders sold 97,400 shares of company stock valued at $3,840,247 over the last three months. 3.31% of the stock is owned by insiders.
Sandy Spring Bank Company Profile
Sandy Spring Bancorp, Inc operates as the bank holding company for Sandy Spring Bank that provides commercial banking services to individuals and businesses in central Maryland, Northern Virginia, and Washington DC markets. It operates through three segments: Community Banking, Insurance, and Investment Management.
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