Sandy Spring Bancorp (NASDAQ:SASR) shares, rose in value, with the stock price down by -2.89% to the previous day’s close as strong demand from buyers drove the stock to $32.54.
Actively observing the price movement in the last trading, the stock closed the session at $33.51, falling within a range of $32.52 and $33.29. The value of beta (5-year monthly) was 0.94 whereas the PE ratio was 16.30 over 12-month period. Referring to stock’s 52-week performance, its high was $34.19, and the low was $19.27. On the whole, SASR has fluctuated by 10.98% over the past month.
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With the market capitalization of Sandy Spring Bancorp currently standing at about $1.47 billion, investors are eagerly awaiting this quarter’s results, scheduled for on 2024-Oct-22. The company’s Forward Dividend Ratio is 1.70, with its dividend yield at 5.22%.
Technical indicators serve as essential tools for traders, offering insights into market sentiment and potential price movements. We see that SASR’s technical picture suggests that short-term indicators denote the stock is a 100% Buy on average. However, medium-term indicators have put the stock in the category of 100% Buy while long-term indicators on average have been pointing out that it is a 100% Buy.
The stock’s technical analysis shows that the PEG ratio is about 1.75, with the price of SASR currently trading nearly 3.50% and 8.40% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 60.00, while the 7-day volatility ratio is showing 3.61% which for the 30-day chart, stands at 3.59%. Furthermore, Sandy Spring Bancorp (SASR)’s beta value is 0.94, and its average true range (ATR) is 1.11.
A comparison of Sandy Spring Bancorp (SASR) with its peers suggests the former has fared considerably weaker in the market. SASR showed an intraday change of -2.89% in last session, and over the past year, it grew by 51.28%%.
Data on historical trading for Sandy Spring Bancorp (NASDAQ:SASR) indicates that the trading volumes over the past 10 days have averaged 0.36 and over the past 3 months, they’ve averaged 345.89K. According to company’s latest data on outstanding shares, there are 44.91 million shares outstanding.
Nearly 3.72% of Sandy Spring Bancorp’s shares belong to company insiders and institutional investors own 71.11% of the company’s shares. The data on short interest also indicates that stock shorts accounted for 0.95 million shares as on 2024-08-30, resulting in a short ratio of 3.64. According to the data, the short interest in Sandy Spring Bancorp (SASR) stood at 218.00 of shares outstanding as of 2024-08-30; the number of short shares registered in 2024-07-31 reached 1.01 million. The stock has risen by 19.46% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the SASR stock heading into the next quarter.
