Teton Advisors Inc. Has $573,000 Holdings in Sandy Spring Bancorp, Inc. (NASDAQ:SASR)

Teton Advisors Inc. decreased its position in shares of Sandy Spring Bancorp, Inc. (NASDAQ:SASR) by 10.5% during the 4th quarter, HoldingsChannel reports. The fund owned 17,000 shares of the bank’s stock after selling 2,000 shares during the period. Teton Advisors Inc.’s holdings in Sandy Spring Bancorp were worth $573,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of the company. Stifel Financial Corp bought a new stake in shares of Sandy Spring Bancorp during the third quarter worth about $217,000. Barclays PLC raised its stake in shares of Sandy Spring Bancorp by 36.8% during the third quarter. Barclays PLC now owns 119,799 shares of the bank’s stock valued at $3,759,000 after acquiring an additional 32,223 shares during the last quarter. Geode Capital Management LLC lifted its holdings in shares of Sandy Spring Bancorp by 3.4% during the third quarter. Geode Capital Management LLC now owns 1,072,619 shares of the bank’s stock worth $33,654,000 after purchasing an additional 35,271 shares during the period. Franklin Resources Inc. grew its stake in shares of Sandy Spring Bancorp by 93.9% in the third quarter. Franklin Resources Inc. now owns 1,271,498 shares of the bank’s stock worth $41,235,000 after purchasing an additional 615,591 shares during the last quarter. Finally, JPMorgan Chase & Co. increased its holdings in Sandy Spring Bancorp by 96.9% in the third quarter. JPMorgan Chase & Co. now owns 70,599 shares of the bank’s stock valued at $2,215,000 after purchasing an additional 34,735 shares during the period. Institutional investors own 66.90% of the company’s stock.

Analysts Set New Price Targets

Separately, StockNews.com assumed coverage on Sandy Spring Bancorp in a report on Wednesday, April 9th. They set a “sell” rating on the stock.

Sandy Spring Bancorp Trading Up 1.0 %

NASDAQ:SASR opened at $27.87 on Tuesday. Sandy Spring Bancorp, Inc. has a 52 week low of $19.52 and a 52 week high of $39.55. The company has a debt-to-equity ratio of 0.50, a quick ratio of 1.02 and a current ratio of 1.02. The firm’s fifty day moving average is $30.26 and its 200-day moving average is $32.96. The firm has a market cap of $1.26 billion, a P/E ratio of 61.93 and a beta of 0.96.

Sandy Spring Bancorp (NASDAQ:SASR) last issued its quarterly earnings results on Tuesday, January 28th. The bank reported $0.47 earnings per share for the quarter, missing analysts’ consensus estimates 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 expect that Sandy Spring Bancorp, Inc. will post 2.48 earnings per share for the current year.

Sandy Spring Bancorp Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, February 19th. Shareholders of record on Wednesday, February 12th were paid a $0.34 dividend. This represents a $1.36 annualized dividend and a yield of 4.88%. The ex-dividend date of this dividend was Wednesday, February 12th. Sandy Spring Bancorp’s dividend payout ratio (DPR) is presently 302.22%.

Sandy Spring Bancorp 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.