Sandy Spring Bancorp (NASDAQ: SASR) is 18.80% higher on its value in year-to-date trading and has touched a low of $19.27 and a high of $34.19 in the current 52-week trading range. The question becomes, what are the chances the stock will continue to grow shareholders’ wealth in the market. Here’s what analysts think will happen to its price in the coming time. The SASR stock was last observed hovering at around $32.04 in the last trading session, with the day’s gains setting it 0.32%.
Currently trading at $32.36, the stock is 1.91% and 3.38% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.01 million and changing 1.00% at the moment leaves the stock 26.12% off its SMA200. SASR registered 63.68% gain for a year compared to 6-month gain of 50.51%. The firm has a 50-day simple moving average (SMA 50) of $31.3018 and a 200-day simple moving average (SMA200) of $25.6573.
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The stock witnessed a 2.05% loss in the last 1 month and extending the period to 3 months gives it a 4.66%, and is -2.94% down over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 2.94% over the week and 2.65% over the month.
Sandy Spring Bancorp (SASR) has around 1084 employees, a market worth around $1.46B and $741.07M in sales. Current P/E ratio is 17.07 and Fwd P/E is 12.67. Profit margin for the company is 11.53%. Distance from 52-week low is 67.93% and -5.35% from its 52-week high. The company has generated returns on investments over the last 12 months (3.49%).
The EPS is expected to shrink by -34.07% this year
272.0 institutions hold shares in Sandy Spring Bancorp (SASR), with institutional investors hold 75.86% of the company’s shares. The shares outstanding are 44.91M, and float is at 43.46M with Short Float at 2.16%. Institutions hold 73.07% of the Float.
The top institutional shareholder in the company is BLACKROCK INC. with over 4.54 million shares valued at $110.52 million. The investor’s holdings represent 10.0972 of the SASR Shares outstanding. As of 2024-06-30, the second largest holder is VANGUARD GROUP INC with 2.7 million shares valued at $65.68 million to account for 6.0006 of the shares outstanding. The other top investors are DIMENSIONAL FUND ADVISORS LP which holds 2.47 million shares representing 5.4986 and valued at over $60.18 million, while NORTH REEF CAPITAL MANAGEMENT LP holds 4.6737 of the shares totaling 2.1 million with a market value of $51.16 million.
