The Executive Vice President of Bk of Sandy Spring Bancorp (NASDAQ: SASR) is Selling Shares

By Carrie Williams

Today, the Executive Vice President of Bk of Sandy Spring Bancorp (NASDAQ: SASR), Louis Caceres, sold shares of SASR for $449K.

Following Louis Caceres’ last SASR Sell transaction on April 04, 2016, the stock climbed by 4.5%.

Based on Sandy Spring Bancorp’s latest earnings report for the quarter ending September 30, the company posted quarterly revenue of $55.44 million and quarterly net profit of $13.47 million. In comparison, last year the company earned revenue of $52.71 million and had a net profit of $11 million. The company has a one year high of $32.37 and a one year low of $24.17. SASR’s market cap is $753.1M and the company has a P/E ratio of 16.01.

The insider sentiment on Sandy Spring Bancorp has been neutral according to 41 insider trades in the past three months. This sentiment is slightly lower than the average sentiment of company insiders in this sector.

Sandy Spring Bancorp, Inc. is a bank holding company for Sandy Spring Bank, which engages in the provision of commercial banking, retail banking, and trust services to individuals and businesses. It operates through the following segments: Community Banking, Insurance, and Investment Management. The Community Banking segment conducts its operations through Sandy Spring Bank and involves delivering a broad range of financial products and services, including various loan and deposit products to both individuals and businesses. The Insurance segment includes operations through Sandy Spring Insurance Corp, a subsidiary of the bank, and offers annuities as an alternative to traditional deposit accounts. The Investment Management segment conducts its operations through West Financial Services, Inc., a subsidiary of the Bank. The company was founded in 1988 and is headquartered in Olney, MD.