Dalton Greiner Hartman Maher Co Lowers stake in Sandy Spring Bancorp (SASR)

Sandy Spring Bancorp (SASR) : Dalton Greiner Hartman Maher Co reduced its stake in Sandy Spring Bancorp by 15.29% during the most recent quarter end. The investment management company now holds a total of 585,386 shares of Sandy Spring Bancorp which is valued at $17,403,526 after selling 105,678 shares in Sandy Spring Bancorp , the firm said in a disclosure report filed with the SEC on Oct 13, 2016.Sandy Spring Bancorp makes up approximately 1.15% of Dalton Greiner Hartman Maher Co’s portfolio.

Other Hedge Funds, Including , Legal General Group Plc reduced its stake in SASR by selling 1,054 shares or 18.88% in the most recent quarter. The Hedge Fund company now holds 4,528 shares of SASR which is valued at $138,240.Advisory Services Network reduced its stake in SASR by selling 145 shares or 5.94% in the most recent quarter. The Hedge Fund company now holds 2,296 shares of SASR which is valued at $70,097. Sandy Spring Bancorp makes up approx 0.01% of Advisory Services Network’s portfolio.Bnp Paribas Arbitrage Sa boosted its stake in SASR in the latest quarter, The investment management firm added 712 additional shares and now holds a total of 1,621 shares of Sandy Spring Bancorp which is valued at $49,748.

Sandy Spring Bancorp closed down -0.4 points or -1.29% at $30.53 with 35,939 shares getting traded on Tuesday. Post opening the session at $31.03, the shares hit an intraday low of $30.38 and an intraday high of $31.09 and the price fluctuated in this range throughout the day.Shares ended Tuesday session in Red.

On the company’s financial health, Sandy Spring Bancorp reported $0.44 EPS for the quarter, missing the analyst consensus estimate by $ -0.01 based on the information available during the earnings call on Jul 21, 2016. Analyst had a consensus of $0.45.Analysts expectations of $ 49.30.During the same quarter in the previous year, the company posted $0.42 EPS.

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.

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