Sandy Spring Bancorp (SASR) stock shows 52-week fluctuation between $19.27 and $27.90

A share price of Sandy Spring Bancorp [SASR] is currently trading at $23.18, up 1.98%. An important factor to consider is whether the stock is rising or falling in short-term value. The SASR shares have gain 4.56% over the last week, with a monthly amount glided 8.32%, and seem to be holding up well over a long-time horizon.

3 Tiny Stocks Primed to Explode The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.

We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.

Click here for full details and to join for free
Sponsored

On 11, March 2024, Sandy Spring Bank Senior Vice President Elected President of Mortgage Trade Association. In a post published today on Yahoo Finance, Malcolm Hollensteiner, Senior Vice President, Head of Residential Home Loan Production, Sandy Spring Bank.

From an analyst’s perspective:

Sandy Spring Bancorp [NASDAQ: SASR] stock has seen the most recent analyst activity on March 01, 2024, when Janney initiated its Neutral rating and assigned the stock a price target of $25. Previously, DA Davidson downgraded its rating to Neutral on October 02, 2023, and dropped its price target to $22. On April 04, 2023, Stephens initiated with a Equal-Weight rating and assigned a price target of $28 on the stock. Keefe Bruyette downgraded its rating to a Mkt Perform and reduced its price target to $50 on April 22, 2022. DA Davidson started tracking with a Buy rating for this stock on March 22, 2022, and assigned it a price target of $61. In a note dated January 25, 2021, Piper Sandler upgraded an Overweight rating on this stock and boosted its target price from $34 to $41.

Sandy Spring Bancorp experienced fluctuations in its stock price throughout the past year between $19.27 and $27.90. Sandy Spring Bancorp [NASDAQ: SASR] shares were valued at $23.18 at the most recent close of the market.

Analyzing the SASR fundamentals

Trailing Twelve Months sales for Sandy Spring Bancorp [NASDAQ:SASR] were 704.60M which represents 14.15% growth. Gross Profit Margin for this corporation currently stands at 1.0% with Operating Profit Margin at 0.36%, Pretax Profit Margin comes in at 0.32%, and Net Profit Margin reading is 0.24%. To continue investigating profitability, this company’s Return on Assets is posted at 0.01, Equity is 0.08 and Total Capital is 0.02. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of0.82.

Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 22.83 points at the first support level, and at 22.47 for the second support level. However, for the 1st resistance point, the stock is sitting at 23.39, and for the 2nd resistance point, it is at 23.59.

Sandy Spring Bancorp [SASR] reported earnings per share of $0.6 for its fiscal quarter that ended on 12/30/2023. Based on the Wall Street analysts’ estimates, the company was expected to report earnings of $0.52/share, meaning a difference of $0.08 and a surprise factor of 15.40%. By comparison, the stated earnings for the previous quarter ended on 9/29/2023 were $0.62 per share as compared to estimates of $0.56 per share, a difference of $0.06 representing a surprise of 10.70%.

Ratios To Look Out For

To put it in perspective, the Current Ratio for Sandy Spring Bancorp [NASDAQ:SASR] is 0.06. Considering the valuation of this stock, the price to sales ratio is 1.48, the price to book ratio is 0.66 and price to earnings (TTM) ratio is 8.49.