The Dimensional Fund Advisors LP Acquires 49,479 Shares of Sandy Spring Bancorp Inc. (SASR)

The Dimensional Fund Advisors LP Acquires 49,479 Shares of Sandy Spring Bancorp Inc. (SASR)

Dimensional Fund Advisors LP raised its position in shares of Sandy Spring Bancorp Inc. (NASDAQ:SASR) by 3.1% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 1,624,272 shares of the company’s stock after buying an additional 49,479 shares during the period. Dimensional Fund Advisors LP owned approximately 6.80% of Sandy Spring Bancorp worth $47,201,000 at the end of the most recent quarter.

Other hedge funds have also added to or reduced their stakes in the company. Emerald Acquisition Ltd. purchased a new stake in Sandy Spring Bancorp during the second quarter valued at $189,000. Commonwealth Equity Services Inc boosted its stake in Sandy Spring Bancorp by 0.6% in the second quarter. Commonwealth Equity Services Inc now owns 8,115 shares of the company’s stock valued at $236,000 after buying an additional 47 shares during the period. M&T Bank Corp boosted its stake in Sandy Spring Bancorp by 12.1% in the first quarter. M&T Bank Corp now owns 15,598 shares of the company’s stock valued at $435,000 after buying an additional 1,683 shares during the period. Janney Montgomery Scott LLC boosted its stake in Sandy Spring Bancorp by 100.0% in the second quarter. Janney Montgomery Scott LLC now owns 18,388 shares of the company’s stock valued at $515,000 after buying an additional 9,194 shares during the period. Finally, First Trust Advisors LP boosted its stake in Sandy Spring Bancorp by 1.4% in the second quarter. First Trust Advisors LP now owns 23,636 shares of the company’s stock valued at $687,000 after buying an additional 334 shares during the period. Institutional investors own 65.61% of the company’s stock.

Sandy Spring Bancorp Inc. (NASDAQ:SASR) opened at 30.57 on Wednesday. Sandy Spring Bancorp Inc. has a 52-week low of $24.17 and a 52-week high of $31.70. The company’s 50 day moving average is $30.78 and its 200-day moving average is $29.36. The stock has a market cap of $729.92 million, a PE ratio of 16.43 and a beta of 0.94.

Sandy Spring Bancorp (NASDAQ:SASR) last released its quarterly earnings data on Thursday, July 21st. The company reported $0.44 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.45 by $0.01. Sandy Spring Bancorp had a return on equity of 9.16% and a net margin of 20.99%. During the same quarter in the previous year, the company earned $0.42 EPS. On average, equities analysts anticipate that Sandy Spring Bancorp Inc. will post $1.86 earnings per share for the current year.

Separately, Zacks Investment Research cut shares of Sandy Spring Bancorp from a “buy” rating to a “hold” rating in a research note on Thursday, June 23rd.

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