Sandy Spring Bancorp price target lowered to $27 from $28 at Stephens

Stephens lowered the firm’s price target on Sandy Spring Bancorp to $27 from $28 and keeps an Equal Weight rating on the shares after its Q1 results. A negative provision represented 44c per share delta to expectations and drove the EPS beat, the analyst tells investors in a research note. Funding challenges are persisting with a 48% annualized decline in non-interest bearing deposits, weighing on the net interest margins more than expected, the firm added.