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

Sandy Spring Bancorp

20/04/2023 14:32

* Sandy Spring Bancorp Inc  SASR.OQ  reported quarterly
adjusted
earnings of $1.16​​ per share for the quarter ended in March.
The mean expectation of four analysts for the quarter was
for earnings of 67 cents per share.
    * Revenue fell 4.1% to $97.30 million from a year ago;
analysts
expected $102.63 million. 
    * Sandy Spring Bancorp Inc's reported EPS for the quarter
was
$1.14​.
    * The mean earnings estimate of analysts had fallen by
about 20.7%
in the last three months.​ 
    * In the last 30 days, three analysts negatively revised
earnings
estimates 
    * Sandy Spring Bancorp Inc shares had fallen by 8.0% this
quarter and lost 32.2% so far this year.
    * The company reported quarterly net income of $51.08
million.
    * Wall Street's median 12-month price target for Sandy
Spring
Bancorp Inc is $30.50 
    * The current average analyst rating on the shares is "hold"
and
the breakdown of recommendations is 1 "strong buy" or "buy," 3
"hold" and no "sell" or "strong sell." 

This summary was machine generated from LSEG Refinitiv data
April 20 at 01:32 p.m. UTC. ​All figures in US dollars unless
otherwise stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Mar. 31 2023      0.67           1.16           Beat
 Dec. 31 2022      0.92           0.79           Missed
 Sep. 30 2022      0.99           0.77           Missed
 Jun. 30 2022      0.95           0.93           Missed