Research analysts at Robert W. Baird cut their target price on shares of Sandy Spring Bancorp (NASDAQ: SASR) from $19.00 to $17.00 in a report released on Wednesday. The firm currently has a “neutral” rating on the stock.
Shares of Sandy Spring Bancorp opened at 16.98 on Wednesday. Sandy Spring Bancorp has a one year low of $13.64 and a one year high of $19.87. The company has a market cap of $410.0 million and a P/E ratio of 11.63.
Sandy Spring Bancorp last issued its quarterly earnings data on Thursday, April 19th. The company reported $0.35 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.33 by $0.02. On average, analysts predict that Sandy Spring Bancorp will post $0.32 earnings per share next quarter.
Separately, analysts at Janney Montgomery Scott downgraded shares of Sandy Spring Bancorp from a “buy” rating to a “neutral” rating in a research note to investors on Friday, March 23rd.
Sandy Spring Bancorp, Inc. is the holding company for Sandy Spring Bank (the Bank) and its principal subsidiaries, Sandy Spring Insurance Corporation, The Equipment Leasing Company, and West Financial Services, Inc.