Initiated Neutral X

SASR Sandy Spring Banc

Janney

$25

Downgrades Buy Neutral X

SASR Sandy Spring Banc

DA Davidson

$28 $22

Initiated Equal-Weight X

SASR Sandy Spring Banc

Stephens

$28

Resumed Neutral X

SASR Sandy Spring Banc

Piper Sandler

$39

Downgrades Outperform Mkt Perform X

SASR Sandy Spring Banc

Keefe Bruyette

$53 $50

Initiated Buy X

SASR Sandy Spring Banc

DA Davidson

$61

Upgrades Neutral Overweight X

SASR Sandy Spring Banc

Piper Sandler

$34 $41

Downgrades Outperform Mkt Perform X

SASR Sandy Spring Banc

Keefe Bruyette

Downgrades Buy Hold X

SASR Sandy Spring Banc

Sandler O’Neill

Upgrades Neutral Outperform X

SASR Sandy Spring Banc

Boenning & Scattergood

Upgrades Neutral Outperform X

SASR Sandy Spring Banc

Robert W. Baird

Upgrades Hold Buy X

SASR Sandy Spring Banc

Sandler O’Neill

Upgrades Mkt Perform Outperform X

SASR Sandy Spring Banc

Keefe Bruyette

Upgrades Eq-Weight Overweight X

SASR Sandy Spring Banc

Stephens

SASR  Sandy Spring Bancorp, Inc.

Sandy Spring Bancorp, Inc. is the bank holding company for Sandy Spring Bank (the Bank). The Company operates through three segments: Community Banking, Insurance and Investment Management. The Company's Community Banking segment operates through Sandy Spring Bank and involves delivering a range of financial products and services, including various loan and deposit products to both individuals and businesses. The Insurance segment operates through Sandy Spring Insurance Corporation, a subsidiary of the Bank, and offers annuities as an alternative to traditional deposit accounts. The Investment Management segment operates through West Financial Services, Inc., a subsidiary of the Bank, which provides investment management and financial planning services. As of December 31, 2016, the Bank conducted commercial banking business through 44 community offices and six financial centers located in Central Maryland, Northern Virginia and Washington DC