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

June 27, 2018 - By Ira Colvard

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

During 2018 Q1 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 is positive. 60 rose holdings while 41 funds bought holdings. Funds hold 22.60 million shares thus 33.01% more from 2017Q4’s 16.99 million shares.

Sterling Cap Management Ltd Liability Corp stated it has 0.01% in Sandy Spring Bancorp, Inc. (NASDAQ:SASR). 9,409 were reported by Art Advsrs Ltd Co. Aqr Cap Mngmt Ltd Liability holds 0.01% or 148,986 shs. Jacobs Asset Mngmt Ltd Liability Corporation reported 36,889 shs stake. Forest Hill Cap Limited Liability, a Arkansas-based fund reported 363,262 shs. Northwestern Mutual Wealth Mngmt holds 0% or 81 shs. Jefferies Grp Incorporated Ltd Company reported 8,112 shs or 0% of all its holdings. Hightower Advisors Llc stated it has 0.01% of its capital in Sandy Spring Bancorp, Inc. (NASDAQ:SASR). Great West Life Assurance Can owns 3,910 shs. State Board Of Administration Of Florida Retirement Systems invested in 29,930 shs or 0% of the stock. The California-based Hotchkis Wiley Cap Mngmt Ltd Llc has invested 0% in Sandy Spring Bancorp, Inc. (NASDAQ:SASR). Los Angeles Cap Mngmt Equity owns 15,304 shs. Jpmorgan Chase & Company holds 0% or 69,867 shs. Moreover, New York State Common Retirement Fund has 0% invested in Sandy Spring Bancorp, Inc. (NASDAQ:SASR). Maltese Mngmt Ltd Co holds 0.87% or 330,712 shs in its capital.

Sandy Spring Bancorp, Inc. registered $10.63 million net activity with 2 insider buys and 36 sales since January 22, 2018. 1,872 Sandy Spring Bancorp, Inc. (NASDAQ:SASR) shs with value of $71,034 were sold by McDowell Ronda M. Andersen Shaza L also sold $338,739 worth of Sandy Spring Bancorp, Inc. (NASDAQ:SASR) shs. $348,683 worth of Sandy Spring Bancorp, Inc. (NASDAQ:SASR) was sold by BRACEWELL JOSEPH S. Shares for $36,760 were bought by Friis Mark E on Tuesday, February 6. REEDER JOE sold 1,538 shs worth $59,408. On Monday, February 5 Stephenson Mona Abutaleb also bought $22,693 worth of Sandy Spring Bancorp, Inc. (NASDAQ:SASR).

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

Sandler O’Neill changed on Tuesday morning the rating of Sandy Spring Bancorp (NASDAQ:SASR). The broker raised SASR’s stock rating from Hold to Buy.

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

Total analysts of 4 have positions in Sandy Spring Bancorp (NASDAQ:SASR) as follows: 3 rated it a “Buy”, 0 with “Sell” and 1 with “Hold”. The positive are 75%. Since January 10, 2018 according to StockzIntelligence Inc Sandy Spring Bancorp has 6 analyst reports. 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) rating. Keefe Bruyette & Woods has “Buy” rating and $4700 target. On Tuesday, June 26 the stock has “Buy” rating by Sandler O’Neill. On Thursday, February 22 the firm has “Overweight” rating given by Stephens. On Friday, January 19 the firm earned “Hold” rating by Keefe Bruyette & Woods. On Wednesday, January 10 Robert W. Baird maintained Sandy Spring Bancorp, Inc. (NASDAQ:SASR) rating. Robert W. Baird has “Hold” rating and $45.0 target.

SASR touched $41.77 during the last trading session after $0.46 change.Sandy Spring Bancorp, Inc. has volume of 34,922 shares. Since June 27, 2017 SASR has risen 6.43% and is uptrending. SASR underperformed by 6.14% the S&P 500.

On July, 19 WallStreet expected Sandy Spring Bancorp, Inc. (NASDAQ:SASR)’s earnings release, according to Zacks. Analysts have expectation on stock’s earnings per share of $0.80. That’s up 31.15 % from last year’s $0.61 earnings per share. If $0.80 is reported, SASR’s profit will hit $28.40 million for 13.05 P/E. Last quarter $0.80 earnings per share was reported. Analysts forecasts 0.00 % EPS growth this 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.18.99 is the P/E ratio. 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 published 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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