Sandy Spring Bancorp (NASDAQ:SASR) concluded the trading at $34.00 on current market day with a rise of 2.32% from its closing price on previous day.
Taking a look at stock we notice that its last check on previous day was $33.23 and 5Y monthly beta was reading 0.927 with its price kept floating in the range of $32.96 and $34.385 on the day. Company’s P/E ratio for the trailing 12 months is 17.95. Considering stock’s 52-week price range provides that SASR hit a high price of $39.55 and saw its price falling to a low level of $19.52 during that period. Over a period of past 1-month, stock came subtracting -7.03% in its value.
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With its current market valuation of $1.54 billion, Sandy Spring Bancorp is set to declare its quarterly results in January. SASR Stock’s Forward Dividend of 1.36 and its yield of 4.00% are making investors’ thoughts stronger that it could climb further before the company announces its earnings for the current quarter. Analysts are in estimates of 0.48 per share for company’s earnings in the current quarter and are expecting its annual EPS growth moving up to 1.8 for current year with estimates of that growing to 2.5 in next year.
Analysts watching the company’s growth closely have provided estimates for its revenue growth with an average revenue estimate of 104.14M. They suggested that in the process company could generate revenue of as low as 103.19M which could climb up to 105.1M to hit a high. The average estimate is representing an increase of 4.80% in sales growth from that of posted by the company in the same quarter of last year. In keeping analyst consensus estimate with, company is forecasted to be making an annual revenue of 405.88M in current fiscal year, which will be -4.68% less from revenue generated by the company last year.
In contrast, when we review SASR stock’s current outlook then short term indicators are assigning it an average of 50% Buy, while medium term indicators are categorizing the stock at an average of 50% Buy. Long term indicators are suggesting an average of 100% Buy for it.
Digging deeper we become aware of the PEG ratio of the SASR stock which is currently positioned at 1.93. It further provides that stock’s current price level is -7.68% away from its 20-day simple moving average and is -4.54% off its SMA50. Its relative strength index (RSI) for 14-periods is oscillating at 35.35 while volatility remained at 4.23% over the past week which changes to 2.85% when measuring it over the past month. Beta is valued at 0.96, while measure of average true range or ATR is currently at 1.09.
Having a second look at Sandy Spring Bancorp (NASDAQ:SASR) provides that stock’s average daily trading volume for 3 months was 424.34K, while it jumped to 241550 when we calculate an average volume for past 10 days. Number of outstanding shares of the stock stood at 45.13 million.
The percentage of outstanding shares held by the insiders is 3.66% while it is 72.24% for the institutional holders. The figures also indicate that as of 2024-11-29, number of stock’s short shares was 1.02 million which implies a short ratio of 3.06. This shows up a 235.00 of Short Interest in company’s outstanding shares on the day. In November the standing of shares short improved as it was 0.93 million in the previous month. Addition of 24.82% by stock’s current price to its year-to-date value in last trading session is likely to be increasing investors’ interest in the stock as it is hinting an extended uptrend.
