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

Sandy Spring Bancorp

24/10/2023 14:32

* Sandy Spring Bancorp Inc  SASR.OQ  reported quarterly
adjusted
earnings of 62 cents​​ per share for the quarter ended in
September. The mean expectation of four analysts for the quarter
was for earnings of 56 cents per share.
    * Revenue fell 24.7% to $85.08 million from a year ago;
analysts
expected $88.05 million. 
    * Sandy Spring Bancorp Inc's reported EPS for the quarter
was 46
cents​.
    * The mean earnings estimate of analysts had fallen by
about 16.5%
in the last three months.​ 
    * In the last 30 days, one analyst negatively revised an
earnings
estimate 
    * Sandy Spring Bancorp Inc shares had fallen by 7.7% this
quarter and lost 43.9% so far this year.
    * The company reported quarterly net income of $20.75
million.
    * Wall Street's median 12-month price target for Sandy
Spring
Bancorp Inc is $23.00 
    * The current average analyst rating on the shares is "hold"
and
the breakdown of recommendations is no "strong buy" or "buy," 4
"hold" and no "sell" or "strong sell." 

This summary was machine generated from LSEG Refinitiv data
October 24 at 01:32 p.m. UTC. ​All figures in US dollars unless
otherwise stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Sep. 30 2023      0.56           0.62           Beat
 Jun. 30 2023      0.66           0.55           Missed
 Mar. 31 2023      0.67           1.16           Beat
 Dec. 31 2022      0.92           0.79           Missed