Sandy Spring Bancorp [NASDAQ: SASR] loss -2.55% on the last trading session, reaching $31.78 price per share at the time.
If compared to the average trading volume of 305.97K shares, SASR reached a trading volume of 5775886 in the most recent trading day, which is why market watchdogs consider the stock to be active.
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Here is what top equities market gurus are saying about Sandy Spring Bancorp [SASR]:
Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for SASR shares is $32.50 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on SASR stock is a recommendation set at 3.00. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.
Janney have made an estimate for Sandy Spring Bancorp shares, keeping their opinion on the stock as Neutral, with their previous recommendation back on March 01, 2024. While these analysts kept the previous recommendation, DA Davidson dropped their target price from $28 to $22. The new note on the price target was released on October 02, 2023, representing the official price target for Sandy Spring Bancorp stock. Previously, the target price had yet another raise to $28, while Stephens analysts kept a Equal-Weight rating on SASR stock.
The Average True Range (ATR) for Sandy Spring Bancorp is set at 0.93, with the Price to Sales ratio for SASR stock in the period of the last 12 months amounting to 1.96. The Price to Book ratio for the last quarter was 0.88. Price to Free Cash Flow for SASR in the course of the last twelve months was 16.07.
Trading performance analysis for SASR stock
Sandy Spring Bancorp [SASR] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -2.00. With this latest performance, SASR shares dropped by -2.34% in over the last four-week period, additionally plugging by 52.50% over the last 6 months – not to mention a rise of 54.95% in the past year of trading.
Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for SASR stock in for the last two-week period is set at 50.25, with the RSI for the last a single of trading hit 46.62, and the three-weeks RSI is set at 52.48 for Sandy Spring Bancorp [SASR]. The present Moving Average for the last 50 days of trading for this stock 31.14, while it was recorded at 32.77 for the last single week of trading, and 25.60 for the last 200 days.
Sandy Spring Bancorp [SASR]: A deeper dive into fundamental analysis
Sandy Spring Bancorp’s liquidity data is similarly interesting compelling, with a Current Ratio set at 0.27.
Sandy Spring Bancorp [SASR]: An earnings per share (EPS) analysis
With the latest financial reports released by the company, Sandy Spring Bancorp posted 0.62/share EPS, while the average EPS was predicted by analysts to be reported at 0.56/share. When compared, the two values demonstrate that the company surpassed the estimates by a Surprise Factor of 0.06. The progress of the company may be observed through the prism of EPS growth rate, while Wall Street analysts are focusing on predicting the 5-year EPS growth rate for SASR. When it comes to the mentioned value, analysts are expecting to see the 5-year EPS growth rate for Sandy Spring Bancorp go to 9.30%.
An analysis of Institutional ownership at Sandy Spring Bancorp [SASR]
There are presently around $73.20%, or 75.99%% of SASR stock, in the hands of institutional investors. The top three institutional holders of SASR stocks are: BLACKROCK INC. with ownership of 4.54 million shares, which is approximately 10.0972%. VANGUARD GROUP INC, holding 2.7 million shares of the stock with an approximate value of $$65.68 million in SASR stocks shares; and VANGUARD GROUP INC, currently with $$60.18 million in SASR stock with ownership which is approximately 5.4986%.
