Stock Rating Upgrade
Reflecting improving fundamentals and high Appreciation Potential, the Value Trend Rating for Sandy Spring Bancorp Inc (NASDAQ: SASR) improved of late. SASR’s current Value Trend Rating is C and the prior Rating was D. Details supporting this higher rating are included in our next report.
Recent Price Action
Sandy Spring Bancorp Inc (NASDAQ: SASR) stock closed at $20.97 on 11/10/23 after a modest gain of 0.5%. The stock has declined -4.2% during the last week and has been weak relative to the market over the last nine months.
Current PriceTarget Research Rating
SASR’s future returns on capital are forecasted to be above the cost of capital. Accordingly, the company is expected to continue to be a modest Value Builder.
Sandy Spring Bancorp has a current Value Trend Rating of C (Low Neutral). This VT Rating improved in recent days from D previously. The Value Trend Rating reflects very contradictory signals from PTR’s two proprietary measures of a stock’s attractiveness. Sandy Spring Bancorp has a good Appreciation Score of 75 but a poor Power Rating of 17, leading to the Low Neutral Value Trend Rating.
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