Sandy Spring Bancorp (SASR) Releases Earnings Results, Misses Expectations By $-0.01 EPS

Sandy Spring Bancorp (SASR) reported quarterly earnings results on Thursday, Jul-21-2016. The company reported $0.44 earnings per share for the quarter, missing the analyst consensus estimate by $-0.01. Analysts had a consensus of $0.45. Analysts expectations of $49.30 million. During the same quarter in the previous year, the company posted $0.42 EPS.

Sandy Spring Bancorp closed down -0.06 points or -0.20% at $30.24 with 39,094 shares getting traded on Wednesday. Post opening the session at $30.44, the shares hit an intraday low of $30.0925 and an intraday high of $30.44 and the price fluctuated in this range throughout the day.Shares ended Wednesday session in Red.

In a different news, on May 31, 2016, James J Maiwurm (director) purchased 258 shares at $29.04 per share price. According to the SEC, on Aug 5, 2015, John D Sadowski (EVP, Chief Information Officer) sold 1,257 shares at $27.50 per share price. On May 28, 2015, Pamela A Little (director) purchased 837 shares at $26.28 per share price, according to the Form-4 filing with the securities and exchange commission.

Sandy Spring Bancorp Inc. is the bank holding company for Sandy Spring Bank (the Bank). The Company operates through three business segments Community Banking Insurance and Investment Management. The Company’s Community Banking segment operates through Sandy Spring Bank and involves delivering a range of financial products and services including various loan and deposit products to both individuals and businesses. The Insurance segment operates through Sandy Spring Insurance Corporation a subsidiary of the Bank and offers annuities as an alternative to traditional deposit accounts. The Investment Management segment operates through West Financial Services Inc. a subsidiary of the Bank which provides investment management and financial planning services. The Bank’s product portfolio includes loan and lease products deposit activities treasury activities and borrowing activities. The Bank operates around 44 community offices located in Central Maryland and Northern Virginia.

Sandy Spring Bancorp

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