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S&P 500   4,330.00
DOW   34,070.42
QQQ   357.86
3 Reasons this Tech Giant is Going Back to Highs
BREAKING: Tiny biotech successfully treats blindness (Ad)
3 Compelling Reasons to Start Buying Undervalued Amazon
5 Reasons Why Amprius is About to Take Flight 
The single greatest medical breakthrough of all time? (Ad)
Stock market today: Asian shares mixed after interest rates-driven sell-off on Wall Street
Analysts Recommend These Mining Stocks Before Metal Prices Rally
The single greatest medical breakthrough of all time? (Ad)
5 Sizzling Tech Companies on the Brink of Bullish Reversals
FedEx, Greenbrier rise; Cisco Systems, KB Home fall, Thursday, 9/21/2023
S&P 500   4,330.00
DOW   34,070.42
QQQ   357.86
3 Reasons this Tech Giant is Going Back to Highs
BREAKING: Tiny biotech successfully treats blindness (Ad)
3 Compelling Reasons to Start Buying Undervalued Amazon
5 Reasons Why Amprius is About to Take Flight 
The single greatest medical breakthrough of all time? (Ad)
Stock market today: Asian shares mixed after interest rates-driven sell-off on Wall Street
Analysts Recommend These Mining Stocks Before Metal Prices Rally
The single greatest medical breakthrough of all time? (Ad)
5 Sizzling Tech Companies on the Brink of Bullish Reversals
FedEx, Greenbrier rise; Cisco Systems, KB Home fall, Thursday, 9/21/2023
S&P 500   4,330.00
DOW   34,070.42
QQQ   357.86
3 Reasons this Tech Giant is Going Back to Highs
BREAKING: Tiny biotech successfully treats blindness (Ad)
3 Compelling Reasons to Start Buying Undervalued Amazon
5 Reasons Why Amprius is About to Take Flight 
The single greatest medical breakthrough of all time? (Ad)
Stock market today: Asian shares mixed after interest rates-driven sell-off on Wall Street
Analysts Recommend These Mining Stocks Before Metal Prices Rally
The single greatest medical breakthrough of all time? (Ad)
5 Sizzling Tech Companies on the Brink of Bullish Reversals
FedEx, Greenbrier rise; Cisco Systems, KB Home fall, Thursday, 9/21/2023
NASDAQ:SASR

Sandy Spring Bancorp (SASR) Stock Forecast, Price & News

$21.23
-0.28 (-1.30%)
(As of 09/21/2023 ET)
Compare
Today's Range
$21.11
$21.55
50-Day Range
$21.14
$25.34
52-Week Range
$19.47
$39.38
Volume
195,753 shs
Average Volume
195,014 shs
Market Capitalization
$952.38 million
P/E Ratio
6.63
Dividend Yield
6.41%
Price Target
$28.00

Sandy Spring Bancorp MarketRank™ Forecast

Analyst Rating
Hold
2.00 Rating Score
Upside/​Downside
31.9% Upside
$28.00 Price Target
Short Interest
Healthy
1.54% of Float Sold Short
Dividend Strength
Strong
Based on Four Factors
Sustainability
N/A
News Sentiment
1.17mentions of Sandy Spring Bancorp in the last 14 days
Based on 2 Articles This Week
Insider Trading
Acquiring Shares
$303,292 Bought Last Quarter
Proj. Earnings Growth
-14.88%
From $2.89 to $2.46 Per Share

Overall MarketRank

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

3.00 out of 5 stars

Finance Sector

83rd out of 822 stocks

National Commercial Banks Industry

22nd out of 80 stocks


SASR stock logo

About Sandy Spring Bancorp (NASDAQ:SASR) Stock

Sandy Spring Bancorp, Inc. operates as the bank holding company for Sandy Spring Bank that provides commercial and retail banking, mortgage, private banking, and trust services to individuals and businesses in Central Maryland, Northern Virginia, and Washington, D.C. It operates in two segments, Community Banking and Investment Management. The Community Banking segment offers financial products and services, including various loan and deposit products. Its loan products include commercial real estate loans, construction loans, and business loans; residential real estate loans; and consumer loans comprising home equity loans and lines, installment loans, and personal lines of credit. The Investment Management segment offers investment management and financial planning, including cash flow analysis, investment review, tax and retirement planning, insurance analysis, and estate planning to individuals, families, small businesses, and associations. The company also provides wealth management services. Sandy Spring Bancorp, Inc. was founded in 1868 and is headquartered in Olney, Maryland.

SASR Price History

SASR Stock News Headlines

Overlooked AI Stock Gets Urgent "Buy"
We issued our first "Buy" rating on Apple when it traded at the equivalent of 56 cents per share. It's up 32,571% since. And while Nvidia is up 3x this year… We called it back in 2011. And it has surged 97x (9,624% to be exact) since then. Now, our Weiss Ratings has issued a "Buy" on a stock that's leading the AI revolution in one of the most profitable industries.
Sandy Spring Bancorp: Undervalued Or Value Trap?
Buy This Stock for AI Tidal Wave (not NVDA)
The internet boom made more millionaires than any tech  - Microsoft’s CEO says AI has even more potential. Here’s the #1 stock to buy.
Q2 2023 Sandy Spring Bancorp Inc Earnings Call
An equity account
SASR - Sandy Spring Bancorp, Inc.
See More Headlines
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SASR Company Calendar

Last Earnings
7/25/2023
Ex-Dividend for 8/16 Dividend
8/08/2023
Dividend Payable
8/16/2023
Today
9/21/2023
Next Earnings (Estimated)
10/19/2023
Fiscal Year End
12/31/2023

Industry, Sector and Symbol

Industry
National commercial banks
Sub-Industry
Regional Banks
Sector
Finance
Current Symbol
NASDAQ:SASR
CUSIP
80036310
Employees
1,169
Year Founded
1868

Price Target and Rating

Average Stock Price Forecast
$28.00
High Stock Price Forecast
$30.00
Low Stock Price Forecast
$27.00
Forecasted Upside/Downside
+31.9%
Consensus Rating
Hold
Rating Score (0-4)
2.00
Research Coverage
3 Analysts

Profitability

Net Income
$166.30 million
Pretax Margin
29.69%

Debt

Sales & Book Value

Annual Sales
$582.69 million
Cash Flow
$3.85 per share
Book Value
$33.24 per share

Miscellaneous

Free Float
43,426,000
Market Cap
$952.38 million
Optionable
Optionable
Beta
0.94

Social Links

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Key Executives

  • Mr. Daniel J. Schrider (Age 59)
    Chairman, Pres & CEO
    Comp: $1.65M
  • Mr. Philip J. Mantua CPA (Age 65)
    CPA, Exec. VP & CFO
    Comp: $798.25k
  • Mr. Ramiro Louis Caceres (Age 60)
    Exec. VP & Chief Wealth Officer
    Comp: $841.2k
  • Mr. Joseph J. O'Brien Jr. (Age 59)
    Exec. VP & Chief Banking Officer of Sandy Spring Bank
    Comp: $1.04M
  • Ms. Ronda M. McDowell (Age 58)
    Exec. VP & COO of Sandy Spring Bank
  • Mr. Aaron Michael Kaslow (Age 58)
    Chief Admin. Officer, Exec. VP & Gen. Counsel
  • Mr. Gary John Fernandes (Age 54)
    Exec. VP & Chief HR Officer
  • Mr. John D. Sadowski (Age 60)
    Chief Information Officer & EVP - Sandy Spring Bank
  • Mr. Kevin Slane (Age 63)
    Exec. VP & Chief Risk Officer of Sandy Spring Bank
  • Ms. Lynne Pulford
    Exec. VP of the Consumer Banking Group













SASR Stock - Frequently Asked Questions

Should I buy or sell Sandy Spring Bancorp stock right now?

3 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Sandy Spring Bancorp in the last twelve months. There are currently 3 hold ratings for the stock. The consensus among Wall Street research analysts is that investors should "hold" SASR shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in SASR, but not buy additional shares or sell existing shares.
View SASR analyst ratings
or view top-rated stocks.

What is Sandy Spring Bancorp's stock price forecast for 2023?

3 brokerages have issued 12-month target prices for Sandy Spring Bancorp's shares. Their SASR share price forecasts range from $27.00 to $30.00. On average, they anticipate the company's share price to reach $28.00 in the next twelve months. This suggests a possible upside of 31.9% from the stock's current price.
View analysts price targets for SASR
or view top-rated stocks among Wall Street analysts.

How have SASR shares performed in 2023?

Sandy Spring Bancorp's stock was trading at $35.23 at the beginning of 2023. Since then, SASR stock has decreased by 39.7% and is now trading at $21.23.
View the best growth stocks for 2023 here
.

When is Sandy Spring Bancorp's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Thursday, October 19th 2023.
View our SASR earnings forecast
.

How were Sandy Spring Bancorp's earnings last quarter?

Sandy Spring Bancorp, Inc. (NASDAQ:SASR) released its earnings results on Tuesday, July, 25th. The bank reported $0.60 EPS for the quarter, missing the consensus estimate of $0.69 by $0.09. The bank had revenue of $175.33 million for the quarter, compared to the consensus estimate of $110.41 million. Sandy Spring Bancorp had a trailing twelve-month return on equity of 9.87% and a net margin of 22.10%. During the same quarter in the prior year, the firm posted $0.95 earnings per share.

How often does Sandy Spring Bancorp pay dividends? What is the dividend yield for Sandy Spring Bancorp?

Sandy Spring Bancorp declared a quarterly dividend on Thursday, July 27th. Stockholders of record on Wednesday, August 9th will be given a dividend of $0.34 per share on Wednesday, August 16th. This represents a $1.36 dividend on an annualized basis and a yield of 6.41%. The ex-dividend date is Tuesday, August 8th.
Read our dividend analysis for SASR
.

What ETFs hold Sandy Spring Bancorp's stock?

ETFs with the largest weight of Sandy Spring Bancorp (NASDAQ:SASR) stock in their portfolio include Invesco High Yield Equity Dividend Achievers ETF (PEY) and First Trust Small Cap Value AlphaDEX Fund (FYT).WBI Power Factor High Dividend ETF (WBIY).

Is Sandy Spring Bancorp a good dividend stock?

Sandy Spring Bancorp (NASDAQ:SASR) pays an annual dividend of $1.36 per share and currently has a dividend yield of 6.39%. SASR has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. The company has been increasing its dividend for 12 consecutive years, indicating the company has a strong committment to maintain and grow its dividend. The dividend payout ratio is 42.50%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, SASR will have a dividend payout ratio of 55.28% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for SASR.

What is Daniel J. Schrider's approval rating as Sandy Spring Bancorp's CEO?

28 employees have rated Sandy Spring Bancorp Chief Executive Officer Daniel J. Schrider on Glassdoor.com. Daniel J. Schrider has an approval rating of 82% among the company's employees.

What other stocks do shareholders of Sandy Spring Bancorp own?

Based on aggregate information from My MarketBeat watchlists, some companies that other Sandy Spring Bancorp investors own include Pinnacle Financial Partners (PNFP), Energy Transfer (ET), Pfizer (PFE), AT&T (T), Ford Motor (F), International Business Machines (IBM), Steel Dynamics (STLD), AbbVie (ABBV), Abbott Laboratories (ABT) and Canadian Natural Resources (CNQ).

What is Sandy Spring Bancorp's stock symbol?

Sandy Spring Bancorp trades on the NASDAQ under the ticker symbol "SASR."

Who are Sandy Spring Bancorp's major shareholders?

Sandy Spring Bancorp's stock is owned by many different retail and institutional investors. Top institutional shareholders include BlackRock Inc. (8.99%), Dimensional Fund Advisors LP (5.26%), State Street Corp (3.18%), Westwood Holdings Group Inc. (2.29%), Geode Capital Management LLC (2.05%) and Northern Trust Corp (1.16%). Insiders that own company stock include Craig A Ruppert, Daniel J Schrider and Kenneth C Cook.
View institutional ownership trends
.

How do I buy shares of Sandy Spring Bancorp?

Shares of SASR stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
Compare Top Brokerages Here.

What is Sandy Spring Bancorp's stock price today?

One share of SASR stock can currently be purchased for approximately $21.23.

How much money does Sandy Spring Bancorp make?

Sandy Spring Bancorp (NASDAQ:SASR) has a market capitalization of $952.38 million and generates $582.69 million in revenue each year. The bank earns $166.30 million in net income (profit) each year or $3.20 on an earnings per share basis.

How many employees does Sandy Spring Bancorp have?

The company employs 1,169 workers across the globe.

How can I contact Sandy Spring Bancorp?

Sandy Spring Bancorp's mailing address is 17801 GEORGIA AVE, OLNEY MD, 20832. The official website for the company is www.sandyspringbank.com. The bank can be reached via phone at (301) 774-6400, via email at ir@sandyspringbank.com, or via fax at 301-774-8434.

This page (NASDAQ:SASR) was last updated on 9/22/2023 by MarketBeat.com Staff

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