As Sandy Spring Bancorp (SASR) Valuation Declined, Holder Jcsd Capital Has Cut Its Holding; New Residental Investment (NRZ) Holder Penn Mutual Life Insurance Company Has Trimmed Its Position by $3.81 Million

Sandy Spring Bancorp, Inc. (NASDAQ:SASR) Logo

Penn Mutual Life Insurance Company decreased its stake in New Residental Investment (NRZ) by 28.11% based on its latest 2018Q2 regulatory filing with the SEC. Penn Mutual Life Insurance Company sold 224,000 shares as the company’s stock rose 1.16% with the market. The institutional investor held 573,000 shares of the real estate investment trusts company at the end of 2018Q2, valued at $10.03 million, down from 797,000 at the end of the previous reported quarter. Penn Mutual Life Insurance Company who had been investing in New Residental Investment for a number of months, seems to be less bullish one the $6.17 billion market cap company. The stock decreased 0.71% or $0.12 during the last trading session, reaching $16.9. About 3.27M shares traded or 17.36% up from the average. New Residential Investment Corp. (NYSE:NRZ) has risen 10.65% since December 8, 2017 and is uptrending. It has underperformed by 4.97% the S&P500.

Jcsd Capital Llc decreased its stake in Sandy Spring Bancorp Inc. (SASR) by 15.66% based on its latest 2018Q2 regulatory filing with the SEC. Jcsd Capital Llc sold 31,800 shares as the company’s stock declined 7.62% while stock markets rallied. The institutional investor held 171,236 shares of the finance company at the end of 2018Q2, valued at $7.02M, down from 203,036 at the end of the previous reported quarter. Jcsd Capital Llc who had been investing in Sandy Spring Bancorp Inc. for a number of months, seems to be less bullish one the $1.20 billion market cap company. The stock decreased 0.41% or $0.14 during the last trading session, reaching $33.85. About 87,945 shares traded. Sandy Spring Bancorp, Inc. (NASDAQ:SASR) has risen 1.20% since December 8, 2017 and is uptrending. It has underperformed by 14.42% the S&P500. Some Historical SASR News: 11/05/2018 – Ejf Capital Buys New 1.6% Position in Sandy Spring; 19/04/2018 – Sandy Spring Bancorp 1Q EPS 61c; 19/04/2018 – SANDY SPRING 1Q NET INTEREST MARGIN 3.58%; 03/04/2018 – Sandy Spring Closes Above 50-Day Moving Average: Technicals; 19/04/2018 – SANDY SPRING 1Q EPS 61C; 24/04/2018 – SANDY SPRING BANCORP INC SASR.O : KBW RAISES TO OUTPERFORM FROM MARKET PERFORM; 27/04/2018 – Sandy Spring Bank Employees to Plant 150 Trees in 2018; 26/04/2018 – Sandy Spring Bancorp Increases Quarterly Dividend; 22/04/2018 – DJ Sandy Spring Bancorp Inc, Inst Holders, 1Q 2018 (SASR); 19/04/2018 – SANDY SPRING BANCORP INC – QTRLY NET INTEREST INCOME $62.9 MLN $40.3 MLN

Investors sentiment decreased to 1.25 in 2018 Q2. Its down 1.21, from 2.46 in 2018Q1. It worsened, as 12 investors sold SASR shares while 48 reduced holdings. 20 funds opened positions while 55 raised stakes. 23.24 million shares or 2.84% more from 22.60 million shares in 2018Q1 were reported. Jpmorgan Chase Company, a New York-based fund reported 27,060 shares. Bogle Inv Mngmt Lp De has invested 0.02% in Sandy Spring Bancorp, Inc. (NASDAQ:SASR). Teacher Retirement System Of Texas owns 6,833 shares or 0% of their US portfolio. Washington Trust stated it has 0% in Sandy Spring Bancorp, Inc. (NASDAQ:SASR). Moreover, Bnp Paribas Arbitrage has 0% invested in Sandy Spring Bancorp, Inc. (NASDAQ:SASR). Trexquant Inv LP holds 8,465 shares or 0.02% of its portfolio. Hsbc Public Limited Company reported 0% of its portfolio in Sandy Spring Bancorp, Inc. (NASDAQ:SASR). 3,904 were accumulated by Great West Life Assurance Company Can. First Manhattan has 0% invested in Sandy Spring Bancorp, Inc. (NASDAQ:SASR). Chevy Chase Tru reported 33,973 shares. Northern Trust Corp accumulated 673,846 shares. 11,193 are owned by Legal General Gru Public Limited Com. Penn Capital Management Co Incorporated owns 84,557 shares for 0.26% of their portfolio. Advisory Service Net Limited Liability Co reported 600 shares or 0% of all its holdings. Bluemountain Capital Mngmt Ltd Llc owns 31,283 shares for 0.02% of their portfolio.

More notable recent Sandy Spring Bancorp, Inc. (NASDAQ:SASR) news were published by: Globenewswire.com which released: “Sandy Spring Bank Appoints Chief Risk Officer – GlobeNewswire” on July 12, 2018, also Globenewswire.com with their article: “Sandy Spring Bancorp, Inc. Completes Acquisition of WashingtonFirst Bankshares, Inc. – GlobeNewswire” published on January 02, 2018, Globenewswire.com published: “Sandy Spring Bank Announcement Event, April 11, 2018 Nasdaq:SASR – GlobeNewswire” on April 09, 2018. More interesting news about Sandy Spring Bancorp, Inc. (NASDAQ:SASR) were released by: Nasdaq.com and their article: “Sandy Spring Bancorp, Inc. (SASR) Ex-Dividend Date Scheduled for November 13, 2018 – Nasdaq” published on November 12, 2018 as well as Globenewswire.com‘s news article titled: “Sandy Spring Bank Appoints New Treasurer Nasdaq:SASR – GlobeNewswire” with publication date: October 11, 2018.

Among 8 analysts covering Sandy Spring Bancorp (NASDAQ:SASR), 5 have Buy rating, 0 Sell and 3 Hold. Therefore 63% are positive. Sandy Spring Bancorp had 16 analyst reports since July 20, 2015 according to SRatingsIntel. The stock has “Hold” rating by Keefe Bruyette & Woods on Friday, January 19. As per Tuesday, April 24, the company rating was upgraded by Keefe Bruyette & Woods. The stock of Sandy Spring Bancorp, Inc. (NASDAQ:SASR) has “Sell” rating given on Tuesday, August 25 by Zacks. The rating was maintained by Robert W. Baird on Wednesday, January 10 with “Hold”. Stephens upgraded Sandy Spring Bancorp, Inc. (NASDAQ:SASR) on Thursday, February 22 to “Overweight” rating. Sandler O’Neill maintained it with “Hold” rating and $44.0 target in Friday, January 12 report. The firm earned “Hold” rating on Thursday, December 21 by Keefe Bruyette & Woods. Robert W. Baird upgraded Sandy Spring Bancorp, Inc. (NASDAQ:SASR) on Friday, October 19 to “Outperform” rating. Sandler O’Neill upgraded Sandy Spring Bancorp, Inc. (NASDAQ:SASR) on Tuesday, June 26 to “Buy” rating. The company was upgraded on Monday, November 19 by Boenning \u0026 Scattergood.

Analysts await Sandy Spring Bancorp, Inc. (NASDAQ:SASR) to report earnings on January, 17. They expect $0.79 EPS, up 23.44% or $0.15 from last year’s $0.64 per share. SASR’s profit will be $28.05M for 10.71 P/E if the $0.79 EPS becomes a reality. After $0.76 actual EPS reported by Sandy Spring Bancorp, Inc. for the previous quarter, Wall Street now forecasts 3.95% EPS growth.

Since June 5, 2018, it had 0 insider buys, and 14 sales for $884,440 activity. Another trade for 10,000 shares valued at $433,706 was sold by Andersen Shaza L. 32,173 shares were sold by BRACEWELL JOSEPH S, worth $1.39M on Wednesday, June 6.

Investors sentiment decreased to 1.15 in 2018 Q2. Its down 0.82, from 1.97 in 2018Q1. It worsened, as 29 investors sold NRZ shares while 78 reduced holdings. 47 funds opened positions while 76 raised stakes. 157.86 million shares or 3.52% more from 152.50 million shares in 2018Q1 were reported. Raymond James & holds 0.01% of its portfolio in New Residential Investment Corp. (NYSE:NRZ) for 237,962 shares. Canada Pension Plan Investment Board invested in 243,500 shares. Deutsche Bancorporation Ag holds 1.42M shares. Schwab Charles Inv Inc accumulated 2.28M shares. Advsr Cap Mgmt holds 1.05% in New Residential Investment Corp. (NYSE:NRZ) or 874,669 shares. Quantitative Inv Management Ltd Liability owns 0.1% invested in New Residential Investment Corp. (NYSE:NRZ) for 267,200 shares. Checchi Capital Advisers accumulated 75,706 shares or 0.17% of the stock. Exane Derivatives reported 1 shares. Suntrust Banks stated it has 42,236 shares or 0% of all its holdings. Moreover, Geode Capital Mgmt Llc has 0.02% invested in New Residential Investment Corp. (NYSE:NRZ) for 4.09M shares. Moreover, Advisors Asset has 0.2% invested in New Residential Investment Corp. (NYSE:NRZ) for 927,110 shares. Sageworth Tru Co holds 0% of its portfolio in New Residential Investment Corp. (NYSE:NRZ) for 1,000 shares. 44,950 were accumulated by Wellington Shields Cap Mgmt Ltd Liability. Utah Retirement stated it has 0.02% in New Residential Investment Corp. (NYSE:NRZ). Menlo Advisors Ltd Liability has 1.83% invested in New Residential Investment Corp. (NYSE:NRZ) for 142,235 shares.

Penn Mutual Life Insurance Company, which manages about $125.20 million US Long portfolio, upped its stake in Snap Inc by 125,000 shares to 184,000 shares, valued at $2.40M in 2018Q2, according to the filing.

Analysts await New Residential Investment Corp. (NYSE:NRZ) to report earnings on February, 12. They expect $0.55 earnings per share, down 9.84% or $0.06 from last year’s $0.61 per share. NRZ’s profit will be $200.93 million for 7.68 P/E if the $0.55 EPS becomes a reality. After $0.63 actual earnings per share reported by New Residential Investment Corp. for the previous quarter, Wall Street now forecasts -12.70% negative EPS growth.

More notable recent New Residential Investment Corp. (NYSE:NRZ) news were published by: Seekingalpha.com which released: “This 11.4%-Yielding Top-Shelf Mortgage REIT Is A Strong Buy On The Drop – Seeking Alpha” on July 02, 2018, also Seekingalpha.com with their article: “New Residential Investment Corp. (NRZ) CEO Michael Nierenberg on Q2 2018 Results – Earnings Call Transcript – Seeking Alpha” published on July 26, 2018, Seekingalpha.com published: “A Unique mREIT Offers A Unique Buying Opportunity – Seeking Alpha” on May 25, 2018. More interesting news about New Residential Investment Corp. (NYSE:NRZ) were released by: Seekingalpha.com and their article: “12%+ Yielder, Hedged To Higher Rates, With Upside Although Risks Remain – Seeking Alpha” published on March 02, 2018 as well as Seekingalpha.com‘s news article titled: “Why Smart Income Investors Should Buy The Drop Of This Top-Shelf 11.3%-Yielding Mortgage REIT – Seeking Alpha” with publication date: July 30, 2018.

Sandy Spring Bancorp, Inc. (NASDAQ:SASR) Institutional Positions Chart

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