A Director at Sandy Spring Bancorp (SASR) is Buying Shares

Today, a Director at Sandy Spring Bancorp (SASR), MAIWURM JAMES, bought shares of SASR for $31.68K.

This recent transaction increases MAIWURM JAMES J’s holding in the company by 28.94% to a total of $141.3K. In addition to MAIWURM JAMES, one other SASR executive reported Buy trades in the last month.

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Based on Sandy Spring Bancorp’s latest earnings report for the quarter ending December 31, the company posted quarterly revenue of $99.64 million and quarterly net profit of $25.57 million. In comparison, last year the company earned revenue of $62.97 million and had a net profit of $8.27 million. SASR’s market cap is $1.13B and the company has a P/E ratio of 11.21. Currently, Sandy Spring Bancorp has an average volume of 83.96K.

Based on 3 analyst ratings, the analyst consensus is Moderate Buy with an average price target of $35.00, reflecting a 11.1% upside. Three different firms, including Boenning & Scattergood and KBW, currently also have a Buy rating on the stock.

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Sandy Spring Bancorp, Inc. is a bank holding company, which engages in the provision of commercial banking, retail banking, and trust services to individuals and businesses. It operates through the following segments: Community Banking, Insurance, and Investment Management.