Sandy Spring Bancorp Inc. (NASDAQ:SASR) changes shares on Thursday trading session, with a change of 2.78% or $0.66 shares. The trading starts at $23.76 and closed at $23.92 throughout the day. The trading session low price was $23.68 and day high was $24.63 on Thursday, June 25. After the session, the Financial sector daily volume shifted to 0.34 million while its average volume is 252.48K. In other hand, the SASR market cap reached to $1.17B. While, its current target price is $24.58 according to WSJ.
Checking out the performance report which defines the increase or decrease of prices for a specific period. For the last 5 trading sessions, its performance is down -5.79% and down -4.65% for month. Its quarterly performance was 4.86% above, while its half year performance is down -35.37%. SASR yearly performance stood at negative -27.24% and fall -35.11% for year-to-date. Current recommendation for Sandy Spring Bancorp Inc. is 2.00.
Earnings per share or EPS is an important financial measure, which defines the profitability of a company. SASR EPS (TTM) for 12-month is 2.69. EPS for this year is 15.00%, while for the next year its value is 2.87. Sales growth for the current quarter is 3.27 while its EPS Q/Q reached -66.40%. It has an EPS of 16.40% up for past five years and for the next five years will be up 2.80%.
Let’s take a look on the analyst recommendations on SASR for the current month and previous month. For the current month, 3 of 3 analysts recommend stock as Buy while 0 as Sell, 0 as overweight, 0 as underweight and 0 as Hold. As compared with the previous month ratings, 0 analysts participate in stock recommendation. Out of 0, 0 rated it sell, 0 rated it as Buy and 0 as Hold Ratings. On the other hand, target price ranges from $26.00-$30.00. Average target price for SASR was reached at $28.00.
Blackrock Inc., Dimensional Fund Advisors LP and Vanguard Group, Inc. (The) are the top three holders in Sandy Spring Bancorp Inc. (SASR) stock. On Mar 30, 2020, Blackrock Inc. has 4.03 million shares which valued 91.27 million. On Mar 30, 2020, Dimensional Fund Advisors LP owned 2.71 million shares which valued at 61.32 million. On Mar 30, 2020, Vanguard Group, Inc. (The) has a total of 1.88 million shares which valued at 42.64 million. In the end, Vanguard Group, Inc. (The) have 4.01% shares outstanding of Sandy Spring Bancorp Inc. (SASR) on Mar 30, 2020. The insider ownership moved to 1.60% and institutional holding shifted to 59.10%.
The company posted an EPS (TTM) of 2.69. According to the most recent quarter report on (Jun 2020), 2 analysts estimated an average EPS of 0.48, while 0.79 EPS posted a year ago period. Analyst Estimated EPS for SASR published in the report was 0.31-0.65 during the same period. Comparing with last year, the average estimated EPS was 0.79 which is higher than 0.28 which was posted for recent quarter EPS.
A brief look on simple moving average (SMA) that determines the market price can impact a market. The SMA for SASR fall -20.14% for period of 200 days. SMA for 50 days was 2.49% which is showing green signal, while SMA-20 was -5.26%. The moving average value for Sandy Spring Bancorp Inc. (SASR) is 28.94 and 24.47 for 200 and 50 days respectively.
Let’s take a look on the insider transactions, in which multiple shareholders are showing interest in SASR stock. On May 19, MAIWURM JAMES J, Director, bought 1,000 trading shares at the cost of $22.36, which valued at 22360.0. On May 19, Friis Mark E, Director, bought 5,000 shares at the cost of $22.08, with total shares of 5,000. On May 14, Michael Mark C, Director, bought 1,300 shares at the cost of 20.00. After this transaction, Michael Mark C total shares reached to 24,447 which valued at 26000.0.