Sandy Spring Bancorp (NASDAQ:SASR) Hit “Buy” From “Hold”.

June 27, 2018 - By Maria Robertson

Sandy Spring Bancorp, Inc. (NASDAQ:SASR) Corporate Logo

Big Money Sentiment increased to 2.46 in Q1 2018. It has change of 0.92, from 2017Q4’s 1.54. The ratio increased due to Sandy Spring Bancorp, Inc. positioning: 18 sold and 23 reduced. 41 funds bought holdings and 60 increased holdings. Investors holded 16.99 million in 2017Q4 but now own 22.60 million shares or 33.01% more.

Switzerland-based Zurcher Kantonalbank (Zurich Cantonalbank) has invested 0% in Sandy Spring Bancorp, Inc. (NASDAQ:SASR). 5,599 were accumulated by Canandaigua Commercial Bank And Tru Com. Creative Planning stated it has 0.01% in Sandy Spring Bancorp, Inc. (NASDAQ:SASR). Penn Capital Mgmt Co holds 70,493 shs. Tiaa Cref Investment Mngmt Limited Liability Co holds 150,846 shs. Bnp Paribas Arbitrage has 7,558 shs for 0% of their capital. Alpine Woods Capital Ltd Llc has 7,000 shs. California State Teachers Retirement holds 49,206 shs. Sg Americas Secs Limited Liability Company holds 0% in Sandy Spring Bancorp, Inc. (NASDAQ:SASR) or 2,873 shs. Victory Capital Management Inc reported 0% of its capital in Sandy Spring Bancorp, Inc. (NASDAQ:SASR). Swiss Fincl Bank holds 0% in Sandy Spring Bancorp, Inc. (NASDAQ:SASR) or 59,435 shs. Maryland Mgmt owns 0.12% invested in Sandy Spring Bancorp, Inc. (NASDAQ:SASR) for 21,376 shs. State Board Of Administration Of Florida Retirement System reported 29,930 shs or 0% of all its holdings. Nebraska-based Ameritas Inv Prtnrs has invested 0% in Sandy Spring Bancorp, Inc. (NASDAQ:SASR). Meeder Asset Management, a Ohio-based fund reported 95 shs.

Sandy Spring Bancorp, Inc. registered $10.63 million net activity with 2 buys and 36 insider sales since January 22, 2018. On Tuesday, June 5 a trade for 17,000 shs valued at $726,120 was made by Michael Mark C. $59,408 worth of Sandy Spring Bancorp, Inc. (NASDAQ:SASR) was sold by REEDER JOE on Thursday, January 25. The insider Friis Mark E bought $36,760. On Monday, February 5 Shares for $22,693 were bought by Stephenson Mona Abutaleb. Andersen Shaza L sold $338,739 worth of Sandy Spring Bancorp, Inc. (NASDAQ:SASR) on Monday, January 22. Shares for $71,034 were sold by McDowell Ronda M.

Sandler O’Neill Upped Sandy Spring Bancorp (NASDAQ:SASR)’s Rating to “Buy”.

On 26 June Sandler O’Neill published in analysts note Sandy Spring Bancorp (NASDAQ:SASR)‘s rating change. SASR’s old rating was “Hold” raised to “Buy”.

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

In total 4 analysts cover Sandy Spring Bancorp (NASDAQ:SASR). “Buy” rating has 3, “Sell” are 0, while 1 are “Hold”. (NASDAQ:SASR) has 75% bullish analysts. 6 are the (NASDAQ:SASR)’s ratings reports on Jun 27, 2018 according to StockzIntelligence Inc. On Friday, January 19 the firm has “Hold” rating by Keefe Bruyette & Woods given. On Friday, January 12 the rating was maintained by Sandler O’Neill with “Hold”. On Tuesday, April 24 Keefe Bruyette & Woods upgraded Sandy Spring Bancorp, Inc. (NASDAQ:SASR) to “Buy” rating. On Tuesday, June 26 Sandler O’Neill upgraded the shares of SASR in report to “Buy” rating. On Thursday, February 22 the firm has “Overweight” rating by Stephens given. On Wednesday, January 10 the firm earned “Hold” rating by Robert W. Baird.

SASR is touching $41.77 during the last trading session, after decreased 1.09%.Sandy Spring Bancorp, Inc. has volume of 34,922 shares. Since June 27, 2017 SASR has risen 6.43% and is uptrending. SASR underperformed the S&P 500 by 6.14%.

On July, 19 WallStreet expected Sandy Spring Bancorp, Inc. (NASDAQ:SASR)’s earnings report, as reported by Faxor. Analysts predict $0.80 earnings per share, which is $0.19 up or 31.15 % from 2017’s $0.61 earnings per share. SASR’s profit could hit $28.40 million with 13.05 P/E in case $0.80 earnings per share is reported. 0.00 % EPS growth is what analysts predict. $0.80 earnings per share was reported for last quarter.

Sandy Spring Bancorp, Inc. operates as the bank holding firm for Sandy Spring Bank that provides commercial banking services to individuals and businesses in central Maryland, Northern Virginia, and Washington D.C. markets.The firm is worth $1.48 billion. It operates through three divisions: Community Banking, Insurance, and Investment Management.The P/E ratio is 18.99. The Community Banking segment provides financial services and products, including various loan and deposit products to individuals and businesses.

There’s a significant Sandy Spring Bancorp, Inc. (NASDAQ:SASR) news announced by Businesswire.com. It’s an article titled: “KBRA Assigns BBB+ Senior Unsecured Debt Rating for Sandy Spring Bancorp, Inc.” on June 06, 2018.

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

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