Boenning & Scattergood Thinks Sandy Spring Bancorp’s Stock is Going to Recover

In a report released today, Matthew Schultheis from Boenning & Scattergood maintained a Buy rating on Sandy Spring Bancorp (SASR). The company’s shares closed yesterday at $32.05, close to its 52-week low of $29.87.

According to, Schultheis is a 3-star analyst with an average return of 1.4% and a 44.3% success rate. Schultheis covers the Financial sector, focusing on stocks such as Orrstown Financial Services Inc, Citizens Financial Services Inc, and Fulton Financial Corp.

Currently, the analyst consensus on Sandy Spring Bancorp is a Strong Buy with an average price target of $39.50.

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The company has a one-year high of $43.87 and a one-year low of $29.87. Currently, Sandy Spring Bancorp has an average volume of 114.7K.

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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.