Sandy Spring Bancorp (NASDAQ: SASR) is -0.18% lower on its value in year-to-date trading and has touched a low of $19.52 and a high of $39.55 in the current 52-week trading range. The question becomes, what are the chances the stock will make a comeback and enjoy potential growth. Why not look at analysts view on what the future holds for the stock. The SASR stock was last observed hovering at around $33.77 in the last trading session, with the day’s loss setting it -0.12%.
Currently trading at $33.65, the stock is -0.60% and -1.97% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 0.16 million and changing -0.36% at the moment leaves the stock 10.60% off its SMA200. SASR registered 52.95% gain for a year compared to 6-month gain of 20.39%. The firm has a 50-day simple moving average (SMA 50) of $34.3278 and a 200-day simple moving average (SMA200) of $30.42425.
The stock witnessed a -1.26% loss in the last 1 month and extending the period to 3 months gives it a -11.63%, and is -2.18% 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 2.95% over the week and 3.19% over the month.
Sandy Spring Bancorp (SASR) has around 1084 employees, a market worth around $1.52B and $751.59M in sales. Current P/E ratio is 75.70 and Fwd P/E is 10.52. Profit margin for the company is 2.65%. Distance from 52-week low is 72.39% and -14.92% from its 52-week high. The company has generated returns on investments over the last 12 months (0.91%).
with sales reaching $108.02M over the same period.The EPS is expected to grow by 462.50% this year, but quarterly earnings will post 13.78% year-over-year. Quarterly sales are estimated to grow 10.55% in year-over-year returns.
Sandy Spring Bancorp (SASR) Top Institutional Holders
299.0 institutions hold shares in Sandy Spring Bancorp (SASR), with institutional investors hold 76.12% of the company’s shares. The shares outstanding are 45.14M, and float is at 43.49M with Short Float at 1.96%. Institutions hold 72.99% 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.
Sandy Spring Bancorp (SASR) Insider Activity
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