Sandy Spring Bancorp, Inc. (NASDAQ:SASR) Shares Purchased by Price T Rowe Associates Inc. MD

Price T Rowe Associates Inc. MD increased its holdings in shares of Sandy Spring Bancorp, Inc. (NASDAQ:SASR) by 7.4% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 43,586 shares of the bank’s stock after buying an additional 2,997 shares during the period. Price T Rowe Associates Inc. MD owned about 0.10% of Sandy Spring Bancorp worth $1,470,000 at the end of the most recent quarter.

A number of other hedge funds also recently added to or reduced their stakes in SASR. JPMorgan Chase & Co. increased its position in shares of Sandy Spring Bancorp by 96.9% during the third quarter. JPMorgan Chase & Co. now owns 70,599 shares of the bank’s stock worth $2,215,000 after acquiring an additional 34,735 shares during the period. Evermay Wealth Management LLC boosted its stake in shares of Sandy Spring Bancorp by 1,296.9% in the 4th quarter. Evermay Wealth Management LLC now owns 12,572 shares of the bank’s stock valued at $424,000 after buying an additional 11,672 shares during the period. New York Life Investment Management LLC acquired a new position in shares of Sandy Spring Bancorp during the fourth quarter worth about $2,989,000. Barclays PLC increased its stake in shares of Sandy Spring Bancorp by 36.8% during the third quarter. Barclays PLC now owns 119,799 shares of the bank’s stock worth $3,759,000 after buying an additional 32,223 shares during the period. Finally, SG Americas Securities LLC raised its holdings in Sandy Spring Bancorp by 140.6% in the fourth quarter. SG Americas Securities LLC now owns 13,004 shares of the bank’s stock valued at $438,000 after acquiring an additional 7,600 shares in the last quarter. 66.90% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Separately, StockNews.com started coverage on shares of Sandy Spring Bancorp in a research report on Saturday, May 3rd. They issued a “sell” rating on the stock.

Sandy Spring Bancorp Price Performance

SASR stock opened at $27.87 on Friday. The business has a 50 day moving average price of $28.38 and a 200 day moving average price of $32.46. The company has a quick ratio of 1.02, a current ratio of 1.02 and a debt-to-equity ratio of 0.50. The stock has a market cap of $1.26 billion, a price-to-earnings ratio of 61.93 and a beta of 0.96. Sandy Spring Bancorp, Inc. has a fifty-two week low of $21.37 and a fifty-two week high of $39.55.

Sandy Spring Bancorp Company Profile

Sandy Spring Bancorp, Inc operates as the bank holding company for Sandy Spring Bank that provides commercial and retail banking, mortgage, private banking, and trust services to individuals and businesses in the United States. It offers financial products and services, including various loan and deposit products.