Grab This Deal Even Lower Than Director Ruppert 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 May 16, Sandy Spring Bancorp Inc’s Director, Craig A. Ruppert, invested $96,085.25 into 2,500 shares of SASR, for a cost per share of $38.43. 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.

In trading on Thursday, bargain hunters could buy shares of Sandy Spring Bancorp Inc (Symbol: SASR) and achieve a cost basis even cheaper than Ruppert, with shares changing hands as low as $38.23 per share. Sandy Spring Bancorp Inc shares are currently trading down about 2.6% on the day. The chart below shows the one year performance of SASR shares, versus its 200 day moving average:

Looking at the chart above, SASR’s low point in its 52 week range is $37.6119 per share, with $52.04 as the 52 week high point — that compares with a last trade of $38.17. By comparison, below is a table showing the prices at which SASR insider buying was recorded over the last six months:

Purchased Insider Title Shares Price/Share Value
05/16/2022 Craig A. Ruppert Director 2,500 $38.43 $96,085.25

The current annualized dividend paid by Sandy Spring Bancorp Inc is $1.36/share, currently paid in quarterly installments, and its most recent dividend ex-date was on 05/10/2022. 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. 3.5% annualized yield is likely to continue.


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Click here to find out which 9 other dividend bargains you can buy cheaper than insiders »

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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