Stock Rating Downgrade
In the last week the Value Trend Rating for Sandy Spring Bancorp Inc (NASDAQ: SASR) weakened from B to C reflecting eroding fundamentals and low Appreciation Potential.
Recent Price Action
Sandy Spring Bancorp Inc (NASDAQ: SASR) stock declined slightly by -0.4% on 8/9/24. The stock closed at $28.09. However, trading volume in this decline was below average at 78% of normal. The stock has performed in line with the market over the last nine months and has declined -3.9% 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). With this rating, PTR’s two proprietary measures of a stock’s current attractiveness are providing inconsistent signals. Sandy Spring Bancorp has a good Appreciation Score of 72 but a neutral Power Rating of 49, triggering the High Neutral Value Trend Rating.
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