Sandy Spring Bancorp (NASDAQ:SASR) Research Coverage Started at StockNews.com

by · The Cerbat Gem

StockNews.com began coverage on shares of Sandy Spring Bancorp (NASDAQ:SASR – Free Report) in a report issued on Saturday. The brokerage issued a sell rating on the bank’s stock.

Sandy Spring Bancorp Price Performance

SASR stock opened at $27.87 on Friday. The company’s 50-day moving average price is $28.61 and its two-hundred day moving average price is $32.55. Sandy Spring Bancorp has a 12 month low of $21.37 and a 12 month high of $39.55. The company has a quick ratio of 1.02, a current ratio of 1.02 and a debt-to-equity ratio of 0.50. The firm has a market cap of $1.26 billion, a P/E ratio of 61.93 and a beta of 0.96.

Institutional Investors Weigh In On Sandy Spring Bancorp

A number of large investors have recently modified their holdings of the business. LPL Financial LLC lifted its position in shares of Sandy Spring Bancorp by 1.8% during the 4th quarter. LPL Financial LLC now owns 16,987 shares of the bank’s stock worth $573,000 after buying an additional 297 shares during the last quarter. Tritonpoint Wealth LLC lifted its holdings in shares of Sandy Spring Bancorp by 1.5% in the fourth quarter. Tritonpoint Wealth LLC now owns 20,119 shares of the bank’s stock worth $678,000 after acquiring an additional 302 shares during the last quarter. Cerity Partners LLC lifted its holdings in shares of Sandy Spring Bancorp by 1.4% in the fourth quarter. Cerity Partners LLC now owns 26,583 shares of the bank’s stock worth $895,000 after acquiring an additional 374 shares during the last quarter. CWM LLC grew its holdings in shares of Sandy Spring Bancorp by 5.2% during the 1st quarter. CWM LLC now owns 7,542 shares of the bank’s stock valued at $211,000 after purchasing an additional 376 shares during the last quarter. Finally, Tidal Investments LLC increased its position in Sandy Spring Bancorp by 1.5% during the 4th quarter. Tidal Investments LLC now owns 27,940 shares of the bank’s stock worth $942,000 after purchasing an additional 409 shares in the last quarter. Institutional investors and hedge funds own 66.90% of the company’s stock.

About Sandy Spring Bancorp

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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.

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