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Stock Market & Financial Investment News

News Breaks
July 18, 2014
08:59 EDTSASRSandy Spring Bancorp upgraded at RW Baird
As previously reported, Baird upgraded Sandy Spring Bancorp to Outperform from Neutral citing a compelling risk/reward due to a discounted valuation relative to peers. The firm has a $27 price target on the stock.
News For SASR From The Last 14 Days
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October 16, 2014
08:34 EDTSASRSandy Spring Bancorp reports Q3 EPS 44c, consensus 44c
Reports net income for the nine months ended September 30, 2014 was $29.1M. Reports Q3 provision for loan and lease losses was a credit of $0.2M. The credit quality of the loan portfolio continues to exhibit stability while outstanding loans continued to grow significantly over the prior year. Reports Q3 net interest margin was 3.42% The prior year's margin was positively affected by loan recoveries on commercial loans. Exclusive of those recoveries, the net interest margin for the third quarter of 2013 would have been 3.49%. Reports Nnon-interest income increased 12% for the quarter compared to the prior year quarter due to significant increases in income from insurance and wealth management activities.

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