Sandy Spring Bancorp, Inc. (NASDAQ:SASR) is set to announce second quarter earning results on Thursday 23rd July 2020, before market open.
Analysts surveyed by Thomson Reuters are predicting, SASR to report 2Q20 income of $ 0.06 per share.
For the full year, analysts anticipate top line of $ 388.03 million, while looking forward to income of $ 1.87 per share bottom line.
Previous Quarter Performance
Sandy Spring Bancorp, Inc. unfold income for the first quarter of $ 0.28 per share, from the revenue of $ 64.33 million. The quarterly earnings contracted 67.06 percent while revenues dropped 3.63 percent compared with the same quarter last year.
Street analysts expected Sandy Spring Bancorp, Inc. to report income of $ 0.65 per share on revenue of $ 67.30 million for the first quarter. The bottom line results missed street analysts by $ 0.37 or 56.92 percent, at the same time, top line results fell short of analysts by $ 2.97 million or 4.41 percent.
Historical Earnings Performance
wpDataChart with provided ID not found! wpDataTable with provided ID not found!Click Here For More Historical Earnings Of Sandy Spring Bancorp, Inc.
Stock Performance
According to the previous trading day, closing price of SASR was $ 23.34, representing a 29.67 % increase from the 52 week low of $ 18.00 and a 39.3 % decrease over the 52 week high of $ 38.45.
The company has a market capital of $ 1.10 billion and is part of the Financial Services sector and Banks – Regional – US industry.
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Recent Stock Dividend Announcement
The board of directors has authorized quarterly dividend of $ 0.30 per share on April 30, 2020. The dividend were payable on May 30, 2020 to holders of record as of the close of business on May 13, 2020 and ex-dividend date on May 12, 2020.
Conference Call
Sandy Spring Bancorp, Inc. will be hosting a conference call at 2:00 PM eastern time on 23rd July 2020, to discuss its 2Q20 financial results with the investment community. A live webcast with presentations will be available on the Internet by visiting the Company website www.sandyspringbank.com
Sandy Spring Bancorp, Inc. operates as the bank holding company for Sandy Spring Bank that provides commercial banking services to individuals and businesses in central Maryland, Northern Virginia, and Washington D.C. The company operates in three segments: Community Banking, Insurance, and Investment Management.
