Sandy Spring Bancorp, Inc. (SASR) to Issue Quarterly Dividend of $0.34 on February 19th

Sandy Spring Bancorp, Inc. (NASDAQ:SASR) declared a quarterly dividend on Wednesday, January 29th,RTT News reports. Shareholders of record on Wednesday, February 12th will be paid a dividend of 0.34 per share by the bank on Wednesday, February 19th. This represents a $1.36 dividend on an annualized basis and a yield of 3.95%. The ex-dividend date is Wednesday, February 12th.

Sandy Spring Bancorp has raised its dividend by an average of 2.0% per year over the last three years. Sandy Spring Bancorp has a dividend payout ratio of 42.5% indicating that its dividend is sufficiently covered by earnings.

Sandy Spring Bancorp Trading Down 1.9 %

Sandy Spring Bancorp stock opened at $34.40 on Monday. The firm has a 50-day moving average price of $34.37 and a two-hundred day moving average price of $33.11. The firm has a market capitalization of $1.55 billion, a price-to-earnings ratio of 76.45 and a beta of 0.97. The company has a quick ratio of 1.02, a current ratio of 1.02 and a debt-to-equity ratio of 0.50. Sandy Spring Bancorp has a 52-week low of $19.52 and a 52-week high of $39.55.

Sandy Spring Bancorp (NASDAQ:SASR) last announced its earnings results on Tuesday, January 28th. The bank reported $0.47 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.48 by ($0.01). Sandy Spring Bancorp had a net margin of 2.65% and a return on equity of 5.31%. Sell-side analysts expect that Sandy Spring Bancorp will post 2.51 earnings per share for the current year.

Wall Street Analyst Weigh In

Separately, StockNews.com assumed coverage on Sandy Spring Bancorp in a research report on Tuesday, February 4th. They set a “sell” rating for the company. One equities research analyst has rated the stock with a sell rating and four have given a hold rating to the stock. According to MarketBeat, Sandy Spring Bancorp presently has a consensus rating of “Hold” and a consensus target price of $28.25.

About Sandy Spring Bancorp

Sandy Spring Bancorp, Inc operates as the bank holding company for Sandy Spring Bank that provides commercial and retail banking, mortgage, private banking, and trust services to individuals and businesses in the United States. It offers financial products and services, including various loan and deposit products.