Sandy Spring Bancorp Gets a Hold from KBW

By Carrie Williams

KBW analyst Catherine Mealor reiterated a Hold rating on Sandy Spring Bancorp (NASDAQ: SASR) yesterday and set a price target of $40. The company’s shares opened today at $42.53.

According to TipRanks.com, Mealor is a 5-star analyst with an average return of 15.6% and a 78.5% success rate. Mealor covers the Financial sector, focusing on stocks such as Union First Market Bankshares Corp, American National Bankshares, and Community Bankers Trust Corp.

Sandy Spring Bancorp has an analyst consensus of Hold.

Sandy Spring Bancorp’s market cap is currently $960.8M and has a P/E ratio of 20.98. The company has a book value ratio of 1.8796.

Based on the recent corporate insider activity of 35 insiders, corporate insider sentiment is neutral on the stock. Most recently, in November 2016, Louis Caceres, the Executive Vice President of Bk of SASR sold 14,200 shares for a total of $449,004.

TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.

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 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.