Sandy Spring Bancorp Inc reports results for the quarter ended in June - Earnings Summary

Sandy Spring Bancorp

21/07/2022 14:32

* Sandy Spring Bancorp Inc  SASR.OQ  reported quarterly
adjusted
earnings of 93 cents​​ per share for the quarter ended in June.
The mean expectation of three analysts for the quarter was
for earnings of 95 cents per share.
    * Revenue fell 1.9% to $105.95 million from a year ago; 
analysts
expected $112.78 million. 
    * Sandy Spring Bancorp Inc's reported EPS for the quarter
was
$1.21​.
    * The mean earnings estimate of analysts had fallen by
about 1% in
the last three months.​ 
    * In the last 30 days there have been no earnings estimate
revisions by analysts covering the company. 
    * Sandy Spring Bancorp Inc shares had risen by 1.9% this
quarter and lost 17.2% so far this year.
    * The company reported quarterly net income of $54.61
million.
    * Wall Street's median 12-month price target for Sandy
Spring
Bancorp Inc is $55.00 
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 2 "strong buy" or "buy," 1
"hold" and no "sell" or "strong sell." 

This summary was machine generated July 21 at 01:32 p.m.  ​All
figures in US dollars unless otherwise stated.
 QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Jun. 30 2022      0.95           0.93           Missed
 Mar. 31 2022      0.95           0.96           Beat
 Dec. 31 2021      1.09           0.99           Missed
 Sep. 30 2021      1.10           1.20           Beat
 This summary was machine generated from Refinitiv data July 21
at 01:32 p.m