Sandy Spring Bancorp, Inc. (NASDAQ:SASR) is set to announce third quarter earning results on Thursday 22nd October 2020, before market open.
Analysts surveyed by Thomson Reuters are predicting, SASR to report 3Q20 income of $ 0.71 per share from revenue of $ 99.21 million.
For the full year, analysts anticipate top line of $ 369.94 million, while looking forward to income of $ 1.51 per share bottom line.
Previous Quarter Performance
Sandy Spring Bancorp, Inc. posted income for the second quarter of $ 0.88 per share, from the revenue of $ 101.51 million. The quarterly earnings swell 11.39 percent while revenues swell 51.98 percent compared with the same quarter last year. The top line results outshined analysts by $ 3.08 million or 3.13 percent.
Stock Performance
Shares of Sandy Spring Bancorp, Inc. traded up $ 0.32 or 1.28 percent on Wednesday, reaching $ 25.38 with volume of 60.80 thousand shares. The stock opened positive for the day at $ 25.15, after closing the previous day trading at $ 25.06.
According to the previous trading day, closing price of $ 25.06, representing a 39.22 % increase from the 52 week low of $ 18.00 and a 34.82 % decrease over the 52 week high of $ 38.45.
The company has a market capital of $ 1.20 billion and is part of the Financial Services sector and Banks – Regional – US industry.
Conference Call
Sandy Spring Bancorp, Inc. will be hosting a conference call at 2:00 PM eastern time on 22nd October 2020, to discuss its 3Q20 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.
