Bag This Bargain Even Cheaper Than Director Friis Did

There's an old saying on Wall Street about insider buying: there are many possible reasons to sell a stock, but only one reason to buy. Back on August 1, Sandy Spring Bancorp Inc's Director, Mark E. Friis, invested $57,925.00 into 2,500 shares of SASR, for a cost per share of $23.17. Bargain hunters tend to pay particular attention to insider buys like this one, because presumably the only reason an insider would take their hard-earned cash and use it to buy stock of their company in the open market, is that they expect to make money.

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In trading on Tuesday, bargain hunters could buy shares of Sandy Spring Bancorp Inc ( SASR) and achieve a cost basis even cheaper than Friis, with shares changing hands as low as $23.16 per share. It should be noted that Friis has collected $0.20/share in dividends since the time of their purchase, so they are currently up 0.8% on their purchase from a total return basis. Sandy Spring Bancorp Inc shares are currently trading down about 1.5% on the day. The chart below shows the one year performance of SASR shares, versus its 200 day moving average:

Sandy Spring Bancorp Inc Chart

Looking at the chart above, SASR's low point in its 52 week range is $22.16 per share, with $29.45 as the 52 week high point — that compares with a last trade of $23.16. By comparison, below is a table showing the prices at which insider buying was recorded over the last six months:

Purchased Insider Title Shares Price/Share Value
08/01/2014 Mark E. Friis Director 2,500 $23.17 $57,925.00

The current annualized dividend paid by Sandy Spring Bancorp Inc is $0.80/share, currently paid in quarterly installments, and its most recent dividend ex-date was on 08/11/2014. Below is a long-term dividend history chart for SASR, which can be of good help in judging whether the most recent dividend with approx. 3.4% annualized yield is likely to continue.

SASR+Dividend+History+Chart

According to the ETF Finder at ETF Channel, SASR makes up 127.75% of the WisdomTree SmallCap Earnings Fund ETF ( EES) which is trading lower by about 1.1% on the day Tuesday.

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