Can Sandy Spring Bancorp, Inc. (SASR)’s Tomorrow be Different? The Stock Formed a Double Bottom Chart Pattern

February 15, 2018 - By Maria Brooks

Investors sentiment decreased to 1.44 in Q3 2017. Its down 0.39, from 1.83 in 2017Q2. It is negative, as 14 investors sold Sandy Spring Bancorp, Inc. shares while 31 reduced holdings. 23 funds opened positions while 42 raised stakes. 16.21 million shares or 3.18% more from 15.71 million shares in 2017Q2 were reported.
D E Shaw Com Incorporated reported 19,031 shares stake. Sg Americas Limited Co owns 0% invested in Sandy Spring Bancorp, Inc. (NASDAQ:SASR) for 6,304 shares. Nationwide Fund Advisors holds 0% in Sandy Spring Bancorp, Inc. (NASDAQ:SASR) or 16,263 shares. Federated Investors Inc Pa, Pennsylvania-based fund reported 19,264 shares. Tower Rech Ltd Liability Company (Trc) stated it has 0.01% of its portfolio in Sandy Spring Bancorp, Inc. (NASDAQ:SASR). Cwm Ltd Llc stated it has 983 shares or 0% of all its holdings. Retail Bank Of America De invested 0% in Sandy Spring Bancorp, Inc. (NASDAQ:SASR). Banc Funds Com Limited Liability has 1.51% invested in Sandy Spring Bancorp, Inc. (NASDAQ:SASR). Price T Rowe Associate Incorporated Md reported 164,796 shares. 187,360 were reported by Columbia Wanger Asset Ltd Liability Corp. Northern Trust invested 0.01% in Sandy Spring Bancorp, Inc. (NASDAQ:SASR). Bessemer Group Incorporated invested in 11,668 shares or 0% of the stock. Meeder Asset Mgmt Inc owns 949 shares. Prudential Financial Inc reported 85,088 shares or 0.01% of all its holdings. Wells Fargo And Communications Mn owns 0% invested in Sandy Spring Bancorp, Inc. (NASDAQ:SASR) for 71,244 shares.

Since January 22, 2018, it had 2 buys, and 5 selling transactions for $1.24 million activity. Stephenson Mona Abutaleb bought $22,693 worth of Sandy Spring Bancorp, Inc. (NASDAQ:SASR) on Monday, February 5. BRACEWELL JOSEPH S had sold 12,047 shares worth $476,660. 1,538 shares were sold by REEDER JOE, worth $59,408. The insider Andersen Shaza L sold 8,546 shares worth $338,739. Another trade for 1,872 shares valued at $71,034 was sold by McDowell Ronda M.

The chart of Sandy Spring Bancorp, Inc. (SASR) shows a double bottom with $36.30 target or 6.00 % below today’s $38.62 share price. The 9 months chart pattern indicates high risk for the $1.37 billion company. It was reported on Feb, 15 by If the $36.30 price target is reached, the company will be worth $82.14 million less. Double bottoms are rare but powerful chart patterns.

The stock increased 0.76% or $0.29 during the last trading session, reaching $38.62. About 82,861 shares traded. Sandy Spring Bancorp, Inc. (NASDAQ:SASR) has risen 42.32% since February 15, 2017 and is uptrending. It has outperformed by 25.62% the S&P500.

Sandy Spring Bancorp, Inc. (NASDAQ:SASR) Ratings Coverage

Among 6 analysts covering Sandy Spring Bancorp (NASDAQ:SASR), 0 have Buy rating, 0 Sell and 6 Hold. Therefore 0 are positive. Sandy Spring Bancorp had 11 analyst reports since July 20, 2015 according to SRatingsIntel. Sandler O’Neill maintained Sandy Spring Bancorp, Inc. (NASDAQ:SASR) on Friday, January 12 with “Hold” rating. Zacks upgraded the stock to “Sell” rating in Tuesday, August 25 report. The firm earned “Hold” rating on Thursday, October 19 by Robert W. Baird. As per Tuesday, October 3, the company rating was maintained by Keefe Bruyette & Woods. Keefe Bruyette & Woods maintained the stock with “Hold” rating in Friday, January 19 report. The firm has “Hold” rating by Keefe Bruyette & Woods given on Thursday, December 21. The stock has “Hold” rating by Robert W. Baird on Wednesday, January 10.

More notable recent Sandy Spring Bancorp, Inc. (NASDAQ:SASR) news were published by: which released: “Sandy Spring Bancorp’s (SASR) CEO Daniel Schrider on Q4 2017 Results …” on January 18, 2018, also with their article: “Featured Stocks In January’s Dividend Growth Model Portfolio” published on February 02, 2018, published: “Sandy Spring Bancorp Reports Net Income of $8.3 Million for the Fourth Quarter” on January 18, 2018. More interesting news about Sandy Spring Bancorp, Inc. (NASDAQ:SASR) were released by: and their article: “Sandy Spring Bancorp Declares Quarterly Dividend” published on February 01, 2018 as well as‘s news article titled: “Sandy Spring Bancorp, Inc. and WashingtonFirst Bankshares, Inc. Receive …” with publication date: October 18, 2017.

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