The closing price of Sandy Spring Bancorp (NASDAQ: SASR) was $20.68 for the day, down -4.52% from the previous closing price of $21.66. In other words, the price has decreased by -$0.98 from its previous closing price. On the day, 507763 shares were traded.
Ratios:
Our analysis of SASR’s different ratios will help us gain a deeper understanding of the company. In the meantime, Its Debt-to-Equity ratio is 0.85 whereas as Long-Term Debt/Eq ratio is at 0.63.
Upgrades & Downgrades
In addition, analysts’ ratings and any changes thereto give investors an idea of the stock’s future direction. In the most recent recommendation for this company, Janney on March 01, 2024, initiated with a Neutral rating and assigned the stock a target price of $25.
On October 02, 2023, DA Davidson Downgraded its rating to Neutral which previously was Buy and also lowered its target price recommendation from $28 to $22.
On April 04, 2023, Stephens started tracking the stock assigning a Equal-Weight rating and target price of $28.Stephens initiated its Equal-Weight rating on April 04, 2023, with a $28 target price.
Insider Transactions:
Also, insider trades can serve as a great indicator of what management thinks about the future direction of a stock’s price. A recent insider transaction in this stock occurred on Aug 07 ’23 when RUPPERT CRAIG A bought 12,200 shares for $24.86 per share. The transaction valued at 303,236 led to the insider holds 101,988 shares of the business.
Valuation Measures:
Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, SASR now has a Market Capitalization of 929.81M. As of this moment, Sandy’s Price-to-Earnings (P/E) ratio for their current fiscal year is 7.58, and their Forward P/E ratio for the next fiscal year is 7.40. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 0.81. For the stock, the TTM Price-to-Sale (P/S) ratio is 1.32 while its Price-to-Book (P/B) ratio in mrq is 0.58.
Stock Price History:
Over the past 52 weeks, SASR has reached a high of $29.43, while it has fallen to a 52-week low of $19.27. The 50-Day Moving Average of the stock is 23.77, while the 200-Day Moving Average is calculated to be 23.12.
Shares Statistics:
SASR traded an average of 246.02K shares per day over the past three months and 321.49k shares per day over the past ten days. A total of 44.91M shares are outstanding, with a floating share count of 43.39M. Insiders hold about 3.45% of the company’s shares, while institutions hold 67.25% stake in the company. Shares short for SASR as of Feb 29, 2024 were 696.32k with a Short Ratio of 2.83, compared to 511.93k on Jan 31, 2024. Therefore, it implies a Short% of Shares Outstanding of 1.55% and a Short% of Float of 1.60%.
Dividends & Splits
With its trailing 12-month dividend rate of 1.36, SASR has a forward annual dividend rate of 1.36. Against a Trailing Annual Dividend Yield of 6.28%, it implies a Forward Annual Dividend Yield of 6.57%. The stock’s 5-year Average Dividend Yield is 4.05. The current Payout Ratio is 49.85% for SASR, which recently paid a dividend on Feb 21, 2024 with an ex-dividend date of Feb 13, 2024. Stock splits for the company last occurred on Dec 21, 2001 when the company split stock in a 3:2 ratio.
Earnings Estimates
The firm’s stock currently is rated by 5 analysts. On average, analysts expect EPS of $0.45 for the current quarter, with a high estimate of $0.49 and a low estimate of $0.43, while EPS last year was $1.14. The consensus estimate for the next quarter is $0.47, with high estimates of $0.51 and low estimates of $0.44.
Analysts are recommending an EPS of between $2.12 and $2 for the fiscal current year, implying an average EPS of $2.06. EPS for the following year is $2.79, with 5 analysts recommending between $2.95 and $2.6.
Revenue Estimates
It is expected that $90B in revenue will be generated in the current quarter, according to 4 analysts. It ranges from a high estimate of $82M to a low estimate of $80.6M. As of the current estimate, Sandy Spring Bancorp’s year-ago sales were $102.63M, an estimated decrease of -21.00% from the year-ago figure. For the next quarter, 4 analysts are estimating revenue of $83.35M, a decrease of -14.10% over than the figure of -$21.00% in the same quarter last year. There is a high estimate of $83.6M for the next quarter, whereas the lowest estimate is $82.86M.
A total of 4 analysts have provided revenue estimates for SASR’s current fiscal year. The highest revenue estimate was $348.3M, while the lowest revenue estimate was $340.15M, resulting in an average revenue estimate of $344.72M. In the same quarter a year ago, actual revenue was $354.55M, down -2.80% from the average estimate. Based on 4 analysts’ estimates, the company’s revenue will be $408.88M in the next fiscal year. The high estimate is $418.95M and the low estimate is $392.97M. The average revenue growth estimate for next year is up 18.60% from the average revenue estimate for this year.
