Sandy Spring Bancorp, Inc. (NASDAQ:SASR) Shares Purchased by Price T Rowe Associates Inc. MD

Price T Rowe Associates Inc. MD boosted its holdings in shares of Sandy Spring Bancorp, Inc. (NASDAQ:SASR) by 7.4% during the 4th quarter, HoldingsChannel reports. The firm owned 43,586 shares of the bank’s stock after purchasing an additional 2,997 shares during the period. Price T Rowe Associates Inc. MD’s holdings in Sandy Spring Bancorp were worth $1,470,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently bought and sold shares of the business. Barclays PLC increased its position in Sandy Spring Bancorp by 36.8% in the 3rd quarter. Barclays PLC now owns 119,799 shares of the bank’s stock valued at $3,759,000 after acquiring an additional 32,223 shares during the period. Franklin Resources Inc. grew its stake in shares of Sandy Spring Bancorp by 93.9% in the 3rd quarter. Franklin Resources Inc. now owns 1,271,498 shares of the bank’s stock valued at $41,235,000 after purchasing an additional 615,591 shares during the last quarter. JPMorgan Chase & Co. increased its holdings in shares of Sandy Spring Bancorp by 96.9% in the third quarter. JPMorgan Chase & Co. now owns 70,599 shares of the bank’s stock valued at $2,215,000 after purchasing an additional 34,735 shares during the period. SG Americas Securities LLC raised its stake in shares of Sandy Spring Bancorp by 140.6% during the fourth quarter. SG Americas Securities LLC now owns 13,004 shares of the bank’s stock worth $438,000 after purchasing an additional 7,600 shares during the last quarter. Finally, Hantz Financial Services Inc. lifted its holdings in shares of Sandy Spring Bancorp by 41.7% during the fourth quarter. Hantz Financial Services Inc. now owns 22,582 shares of the bank’s stock worth $761,000 after purchasing an additional 6,641 shares during the period. 66.90% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Separately, StockNews.com initiated coverage on shares of Sandy Spring Bancorp in a research note on Saturday, May 3rd. They issued a “sell” rating on the stock.

Sandy Spring Bancorp Price Performance

Shares of SASR opened at $27.87 on Friday. The firm has a market capitalization of $1.26 billion, a PE ratio of 61.93 and a beta of 0.96. The stock’s 50 day moving average is $28.38 and its two-hundred day moving average is $32.46. Sandy Spring Bancorp, Inc. has a twelve month low of $21.37 and a twelve month high of $39.55. The company has a current ratio of 1.02, a quick ratio of 1.02 and a debt-to-equity ratio of 0.50.

Sandy Spring Bancorp Profile

Sandy Spring Bancorp, Inc operates as the bank holding company for Sandy Spring Bank that provides commercial and retail banking, mortgage, private banking, and trust services to individuals and businesses in the United States. It offers financial products and services, including various loan and deposit products.