For its second fiscal quarter (ending June 30), Sandy Spring Bancorp Inc (NASDAQ: SASR) has reported a -7% decline in E.P.S. from $0.55 a year ago to $0.51 in the current quarter. However, this performance was $0.07 better than the consensus estimate of $0.44. E.P.S. were $2.00 for the latest four quarters through June 30 versus $3.20 for the same period a year ago — a decline of -38%.
Recent Price Action
On 7/23/24, Sandy Spring Bancorp Inc (NASDAQ: SASR) stock enjoyed a large increase of 4.3%, closing at $31.15. Trading volume in this advance was normal. The stock has performed in line with the market over the last nine months and has risen 12.4% 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 C (High Neutral). This rating combines inconsistent signals from two proprietary PTR measures of a stock’s attractiveness. Sandy Spring Bancorp has a good Appreciation Score of 72 but a neutral Power Rating of 44, triggering the High Neutral Value Trend Rating.
Rating Review
In light of this new information we are reviewing our current Overall Rating of C. This review will be completed in the next several days.
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