Sandy Spring Bancorp, Inc. Announces Quarterly Dividend of $0.34 (NASDAQ:SASR)

Sandy Spring Bancorp, Inc. (NASDAQ:SASR) declared a quarterly dividend on Thursday, January 30th,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 4.05%.

Sandy Spring Bancorp has raised its dividend by an average of 2.0% annually over the last three years. Sandy Spring Bancorp has a dividend payout ratio of 41.8% indicating that its dividend is sufficiently covered by earnings.

Sandy Spring Bancorp Trading Up 0.4 %

NASDAQ:SASR opened at $33.61 on Friday. The company has a 50-day moving average price of $34.81 and a 200-day moving average price of $32.87. The stock has a market cap of $1.52 billion, a price-to-earnings ratio of 74.69 and a beta of 0.98. The company has a current ratio of 1.02, a quick ratio of 1.02 and a debt-to-equity ratio of 0.50. Sandy Spring Bancorp has a 12 month low of $19.52 and a 12 month high of $39.55.

Sandy Spring Bancorp (NASDAQ:SASR) last issued its quarterly earnings data on Tuesday, January 28th. The bank reported $0.47 EPS for the quarter, missing the consensus estimate of $0.48 by ($0.01). Sandy Spring Bancorp had a return on equity of 5.31% and a net margin of 2.65%. Equities analysts predict that Sandy Spring Bancorp will post 2.51 EPS for the current year.

Analyst Ratings Changes

Separately, StockNews.com assumed coverage on Sandy Spring Bancorp in a research report on Monday. They set a “sell” rating on the stock. One analyst has rated the stock with a sell rating and four have issued a hold rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $28.25.

Sandy Spring Bancorp Company Profile

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.