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

Sandy Spring Bancorp

20/10/2022 14:31

* Sandy Spring Bancorp Inc  SASR.OQ  reported quarterly
adjusted
earnings of 77 cents​​ per share for the quarter ended in
September. The mean expectation of three analysts for the
quarter was for earnings of 99 cents per share.
    * Revenue rose 6% to $112.96 million from a year ago;
analysts
expected $113.96 million. 
    * Sandy Spring Bancorp Inc's reported EPS for the quarter
was 75
cents​.
    * The mean earnings estimate of analysts had risen by
about 1.8%
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 8.5% this
quarter and lost 20.5% so far this year.
    * The company reported quarterly net income of $33.58
million.
    * Wall Street's median 12-month price target for Sandy
Spring
Bancorp Inc is $46.00 
    * 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 from Refinitiv data October
20 at 01:31 p.m.  ​All figures in US dollars unless otherwise
stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Sep. 30 2022      0.99           0.77           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