On Jun 27, 2018 Sandler O’Neill Upgrades Sandy Spring Banc (NASDAQ:SASR).

June 27, 2018 - By Alex Paulin

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

During Q1 2018 the big money sentiment increased to 2.46. That’s change of 0.92, from 2017Q4’s 1.54. 18 investors sold all, 23 reduced holdings as Sandy Spring Bancorp, Inc. ratio improved. 60 grew stakes while 41 funds acquired stakes. Funds hold 22.60 million shares thus 33.01% more from 2017Q4’s 16.99 million shares.

California Employees Retirement Systems owns 0% invested in Sandy Spring Bancorp, Inc. (NASDAQ:SASR) for 74,976 shs. Moreover, Canandaigua Bank & Trust Trust Commerce has 0.03% invested in Sandy Spring Bancorp, Inc. (NASDAQ:SASR). State Board Of Administration Of Florida Retirement System reported 29,930 shs or 0% of all its holdings. Secor Capital Advisors Lp reported 0.37% stake. Northern Trust has 643,700 shs for 0.01% of their capital. Dimensional Fund Ltd Partnership holds 1.97 million shs or 0.03% of its capital. Principal Group Inc stated it has 0.01% of its capital in Sandy Spring Bancorp, Inc. (NASDAQ:SASR). Quantbot Technology L P invested in 0% or 267 shs. Evanson Asset Management Ltd Liability Corporation holds 0.1% in Sandy Spring Bancorp, Inc. (NASDAQ:SASR) or 13,166 shs. Prudential Financial reported 48,427 shs. Commercial Bank Of Montreal Can reported 46,905 shs stake. Barclays Public Limited Co invested 0% in Sandy Spring Bancorp, Inc. (NASDAQ:SASR). Grace White Ny holds 72,006 shs or 0.57% of its capital. Pinnacle Assoc Limited reported 106,775 shs. Cwm Llc invested in 0% or 990 shs.

Sandy Spring Bancorp, Inc. registered $10.63 million net activity with 2 insider buys and 36 sales since January 22, 2018. 8,885 Sandy Spring Bancorp, Inc. (NASDAQ:SASR) shs with value of $348,683 were sold by BRACEWELL JOSEPH S. On Thursday, January 25 the insider REEDER JOE sold $59,408. $433,706 worth of stock was sold by Andersen Shaza L on Friday, June 8. Shares for $22,693 were bought by Stephenson Mona Abutaleb on Monday, February 5. On Tuesday, February 6 1,000 shs were bought by Friis Mark E, worth $36,760. McDowell Ronda M sold $71,034 worth of stock.

Sandler O’Neill Improved Sandy Spring Banc (NASDAQ:SASR)’s Stock Rating to Buy.

The rating upgrade of Sandy Spring Banc (NASDAQ:SASR) was published on 26 June. Sandler O’Neill increased the rating from Hold 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”. 75% are bullish. 6 are the (NASDAQ:SASR)’s analyst reports since January 10, 2018 according to StockzIntelligence Inc. On Wednesday, January 10 Robert W. Baird maintained the shares of SASR in report with “Hold” rating. On Thursday, February 22 the stock of Sandy Spring Bancorp, Inc. (NASDAQ:SASR) has “Overweight” rating given by Stephens. On Friday, January 19 the stock of Sandy Spring Bancorp, Inc. (NASDAQ:SASR) earned “Hold” rating by Keefe Bruyette & Woods. In Tuesday, June 26 report Sandler O’Neill upgraded the stock to “Buy” rating. On Tuesday, April 24 the firm has “Buy” rating given by Keefe Bruyette & Woods. On Friday, January 12 the firm has “Hold” rating given by Sandler O’Neill.

SASR is touching $42.23 during the last trading session, after increased 1.54%.Sandy Spring Bancorp, Inc. is uptrending after having risen 6.43% since June 27, 2017. SASR has 276,018 volume or 46.65% up from normal. SASR underperformed the S&P 500 by 6.14%.

On July, 19 WallStreet expected Sandy Spring Bancorp, Inc. (NASDAQ:SASR)’s earnings report, according to RTT. This year’s earnings per share analyst estimate is expected to be $0.80. That is 31.15 % up compareed to $0.61 earnings per share for last year. SASR’s profit could be $28.40 million with 13.20 P/E in case $0.80 earnings per share is reported. Wall Street now sees 0.00 % EPS growth despite Sandy Spring Bancorp, Inc. previous quarter’s EPS of $0.80.

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 company has $1.50 billion market cap. It operates through three divisions: Community Banking, Insurance, and Investment Management.The P/E ratio is 19.2. The Community Banking segment provides financial services and products, including various loan and deposit products to individuals and businesses.

There’s an important Sandy Spring Bancorp, Inc. (NASDAQ:SASR) news brought out by Businesswire.com. It’s an item 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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