Sandy Spring Bancorp (SASR) Gets a Hold Rating from Boenning & Scattergood


Boenning & Scattergood analyst Matthew Schultheis maintained a Hold rating on Sandy Spring Bancorp (NASDAQ: SASR) today. The company’s shares closed yesterday at $37.25.

According to TipRanks.com, Schultheis is a 3-star analyst with an average return of 4.5% and a 52.9% 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 Moderate Buy with an average price target of $47.

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Sandy Spring Bancorp’s market cap is currently $1.32B and has a P/E ratio of 16.56. The company has a Price to Book ratio of 1.29.

Based on the recent corporate insider activity of 79 insiders, corporate insider sentiment is negative 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.

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