Sandy Spring Bancorp Inc. (SASR) Reaches $42.75 After 4.00% Up Move, Last Week Home Capital Group (TSE:HCG) Coverage

April 21, 2017 - By Louis Casey

The stock of Sandy Spring Bancorp Inc. (NASDAQ:SASR) is a huge mover today! About 65,392 shares traded. Sandy Spring Bancorp Inc. (NASDAQ:SASR) has risen 38.53% since September 14, 2016 and is uptrending. It has outperformed by 27.70% the S&P500.The move comes after 6 months positive chart setup for the $1.08B company. It was reported on Apr, 21 by Barchart.com. We have $44.46 PT which if reached, will make NASDAQ:SASR worth $43.20M more.

Among 4 analysts covering Home Capital Group Inc. (TSE:HCG), 2 have Buy rating, 1 Sell and 1 Hold. Therefore 50% are positive. Home Capital Group Inc. had 24 analyst reports since July 28, 2015 according to SRatingsIntel. The stock of Home Capital Group Inc (TSE:HCG) has “Underperform” rating given on Thursday, November 5 by RBC Capital Markets. RBC Capital Markets downgraded it to “Underperform” rating and $28 target in Monday, January 9 report. RBC Capital Markets maintained Home Capital Group Inc (TSE:HCG) rating on Thursday, November 3. RBC Capital Markets has “Sector Perform” rating and $27 target. On Friday, October 28 the stock rating was maintained by Raymond James with “Outperform”. The firm has “Underperform” rating by RBC Capital Markets given on Tuesday, December 8. The stock of Home Capital Group Inc (TSE:HCG) has “Buy” rating given on Friday, January 22 by TD Securities. The firm earned “Sector Perform” rating on Thursday, November 3 by Scotia Capital. The firm earned “Sector Perform” rating on Friday, February 10 by Scotia Capital. On Friday, February 10 the stock rating was maintained by Raymond James with “Outperform”. The stock of Home Capital Group Inc (TSE:HCG) earned “Sector Outperform” rating by Scotia Capital on Friday, July 31. See Home Capital Group Inc (TSE:HCG) latest ratings:

10/02/2017 Broker: Raymond James Rating: Outperform New Target: $34.00 Maintain
10/02/2017 Broker: Scotia Capital Rating: Sector Perform New Target: $30.00 Maintain
09/01/2017 Broker: RBC Capital Markets Old Rating: Sector Perform New Rating: Underperform Old Target: $27.00 New Target: $28.00 Downgrade
03/11/2016 Broker: RBC Capital Markets Rating: Sector Perform New Target: $27.00 Maintain
03/11/2016 Broker: Scotia Capital Rating: Sector Perform New Target: $32.00 Maintain
03/11/2016 Broker: TD Securities Rating: Buy Old Target: $37.00 New Target: $33.00 Target Down
28/10/2016 Broker: Raymond James Rating: Outperform New Target: $35.00 Maintain

About 1.40M shares traded or 169.91% up from the average. Home Capital Group Inc (TSE:HCG) has declined 36.68% since September 14, 2016 and is downtrending. It has underperformed by 47.51% the S&P500.

Home Capital Group Inc is a Canada-based holding firm that operates through its subsidiary, Home Trust Company , which offers deposits, residential and non-residential commercial mortgage lending and consumer lending. The company has market cap of $1.01 billion. It offers deposits through brokers and financial planners, and through its direct-to-consumer deposit brand, Oaken Financial. It has a 5.36 P/E ratio. Home Trust, through its subsidiary, Home Bank, offers mortgage, deposit and personal banking products.

Since November 8, 2016, it had 0 buys, and 1 sale for $449,038 activity. CACERES R LOUIS sold $449,038 worth of stock or 14,200 shares.

Among 3 analysts covering Sandy Spring Bancorp (NASDAQ:SASR), 0 have Buy rating, 0 Sell and 3 Hold. Therefore 0 are positive. Sandy Spring Bancorp had 4 analyst reports since July 20, 2015 according to SRatingsIntel. The firm has “Sell” rating by Zacks given on Tuesday, August 25.

Investors sentiment increased to 1.94 in Q4 2016. Its up 0.34, from 1.6 in 2016Q3. It improved, as 8 investors sold Sandy Spring Bancorp Inc. shares while 28 reduced holdings. 29 funds opened positions while 41 raised stakes. 15.38 million shares or 1.06% less from 15.55 million shares in 2016Q3 were reported. Fmr Lc, a Massachusetts-based fund reported 7,806 shares. Mckinley Cap Ltd Liability Corporation Delaware reported 12,560 shares. Massachusetts-based State Street has invested 0% in Sandy Spring Bancorp Inc. (NASDAQ:SASR). Moreover, Great West Life Assurance Commerce Can has 0% invested in Sandy Spring Bancorp Inc. (NASDAQ:SASR) for 3,610 shares. Blackrock Institutional Trust Na holds 0.01% in Sandy Spring Bancorp Inc. (NASDAQ:SASR) or 903,245 shares. Zurcher Kantonalbank (Zurich Cantonalbank) owns 891 shares. Moreover, Virginia Retirement System Et Al has 0% invested in Sandy Spring Bancorp Inc. (NASDAQ:SASR) for 8,400 shares. Prudential Fincl Inc holds 0% in Sandy Spring Bancorp Inc. (NASDAQ:SASR) or 73,026 shares. Schwab Charles holds 88,885 shares. Bridgeway Cap Mgmt Inc accumulated 38,300 shares. Swiss National Bank & Trust owns 39,235 shares for 0% of their portfolio. Morgan Stanley reported 0% in Sandy Spring Bancorp Inc. (NASDAQ:SASR). Systematic Mngmt Lp holds 0.31% of its portfolio in Sandy Spring Bancorp Inc. (NASDAQ:SASR) for 495,305 shares. Price T Rowe Associate Md reported 559,290 shares. Citigroup Inc accumulated 38,375 shares.

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