On 11/6/24, Sandy Spring Bancorp Inc (NASDAQ: SASR) stock enjoyed a major increase of 15.3%, closing at $38.51. Moreover, this advance was accompanied by unusually high trading volume at 164% of normal. Relative to the market the stock has been exceptionally strong over the last nine months and has risen 13.6% during the last week.
Current PriceTarget Research Rating
With future capital returns forecasted to exceed the cost of capital, SASR is expected to continue to be a modest Value Builder.
Sandy Spring Bancorp has a current Value Trend Rating of A (Highest Rating). With this rating, PTR’s two proprietary measures of a stock’s current attractiveness are providing complementary signals. Sandy Spring Bancorp has a slightly positive Appreciation Score of 66 and a very high Power Rating of 99, leading to the Highest Value Trend Rating.
Rating Review
In light of this very positive price change we are reviewing our current Overall Rating of A. This review will be completed in the next several days.
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