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NASDAQ:SASR

Sandy Spring Bancorp - SASR Stock Forecast, Price & News

$26.19
-0.41 (-1.54%)
(As of 03/23/2023 04:32 PM ET)
Add
Compare
Today's Range
$26.15
$27.41
50-Day Range
$26.60
$35.59
52-Week Range
$26.05
$46.18
Volume
428,267 shs
Average Volume
320,294 shs
Market Capitalization
$1.17 billion
P/E Ratio
7.12
Dividend Yield
5.19%
Price Target
$37.67

Sandy Spring Bancorp MarketRank™ Forecast

Analyst Rating
Hold
2.33 Rating Score
Upside/​Downside
42.6% Upside
$37.67 Price Target
Short Interest
Bearish
3.79% of Float Sold Short
Dividend Strength
Strong
Based on Four Factors
Sustainability
N/A
News Sentiment
0.00mentions of Sandy Spring Bancorp in the last 14 days
Based on 2 Articles This Week
Insider Trading
N/A
Proj. Earnings Growth
20.54%
From $3.31 to $3.99 Per Share

Overall MarketRank

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

2.98 out of 5 stars

Finance Sector

146th out of 876 stocks

National Commercial Banks Industry

20th out of 85 stocks


SASR stock logo

About Sandy Spring Bancorp (NASDAQ:SASR) Stock

Sandy Spring Bancorp, Inc. is a bank holding company, which engages in the provision of commercial banking, retail banking, and trust services to individuals and businesses. It operates through the following segments: Community Banking, Insurance, and Investment Management. The Community Banking segment conducts its operations through Sandy Spring Bank and involves delivering financial products and services, including various loan and deposit products to both individuals and businesses. The Insurance segment includes operations through Sandy Spring Insurance Corp, a subsidiary of the bank, and offers annuities as an alternative to traditional deposit accounts. The Investment Management segment conducts its operations through West Financial Services, Inc., a subsidiary of the Bank. The company was founded in 1868 and is headquartered in Olney, MD.

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SASR Stock News Headlines

Sandy Spring Bancorp (NASDAQ:SASR) Downgraded by StockNews.com
Buy THIS stock before Taiwan is attacked
... If the United States goes to war with another nuclear armed superpower, this could have a devastating impact on your retirement portfolio. Now, even Taiwan's own foreign minister is saying that China is on the cusp of a full scale invasion. But the good news is, if China invades Taiwan, there is a way to protect yourself.
Sandy Spring Bancorp Squeezed By Weak Spreads
Buy THIS stock before Taiwan is attacked
... If the United States goes to war with another nuclear armed superpower, this could have a devastating impact on your retirement portfolio. Now, even Taiwan's own foreign minister is saying that China is on the cusp of a full scale invasion. But the good news is, if China invades Taiwan, there is a way to protect yourself.
Sandy Spring Bancorp: Dividend Insights
See More Headlines
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SASR Company Calendar

Last Earnings
1/26/2023
Ex-Dividend for 2/15 Dividend
2/07/2023
Dividend Payable
2/15/2023
Today
3/23/2023
Next Earnings (Estimated)
4/20/2023
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
$37.67
High Stock Price Forecast
$39.00
Low Stock Price Forecast
$35.00
Forecasted Upside/Downside
+41.2%
Consensus Rating
Hold
Rating Score (0-4)
2.33
Research Coverage
3 Analysts

Profitability

Net Income
$166.30 million
Pretax Margin
38.16%

Debt

Sales & Book Value

Annual Sales
$582.69 million
Cash Flow
$3.84 per share
Book Value
$33.24 per share

Miscellaneous

Free Float
43,244,000
Market Cap
$1.19 billion
Optionable
Optionable
Beta
0.94

Social Links


Key Executives

  • Daniel J. Schrider
    Chairman, President & Chief Executive Officer
  • Ronda M. Mcdowell
    Chief Operations Officer & Executive VP
  • Philip J. Mantua
    Chief Financial Officer & Executive Vice President
  • John D. Sadowski
    Chief Information Officer & Executive VP
  • Ramiro Louis Caceres
    Chief Wealth Officer & Executive Vice President













SASR Stock - Frequently Asked Questions

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

3 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Sandy Spring Bancorp in the last year. There are currently 2 hold ratings and 1 buy rating for the stock. The consensus among Wall Street equities 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 brokers have issued 12 month price targets for Sandy Spring Bancorp's shares. Their SASR share price forecasts range from $35.00 to $39.00. On average, they predict the company's stock price to reach $37.67 in the next year. This suggests a possible upside of 41.2% 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 start of the year. Since then, SASR stock has decreased by 24.3% and is now trading at $26.67.
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, April 20th 2023.
View our SASR earnings forecast
.

How were Sandy Spring Bancorp's earnings last quarter?

Sandy Spring Bancorp, Inc. (NASDAQ:SASR) released its quarterly earnings results on Thursday, January, 26th. The bank reported $0.79 EPS for the quarter, missing the consensus estimate of $0.93 by $0.14. The bank had revenue of $159.60 million for the quarter, compared to analyst estimates of $128.43 million. Sandy Spring Bancorp had a net margin of 28.54% and a trailing twelve-month return on equity of 10.65%. During the same period last year, the company earned $1.05 EPS.

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

Sandy Spring Bancorp announced a quarterly dividend on Thursday, January 26th. Stockholders of record on Wednesday, February 8th will be paid a dividend of $0.34 per share on Wednesday, February 15th. This represents a $1.36 dividend on an annualized basis and a yield of 5.10%. The ex-dividend date is Tuesday, February 7th.
Read our dividend analysis for SASR
.

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 5.08%. 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 36.96%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, SASR will have a dividend payout ratio of 34.09% 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 a number of retail and institutional investors. Top institutional investors include Dimensional Fund Advisors LP (5.62%), T. Rowe Price Investment Management Inc. (2.83%), Macquarie Group Ltd. (2.75%), Geode Capital Management LLC (1.90%), Alliancebernstein L.P. (1.79%) and Systematic Financial Management LP (1.65%). Insiders that own company stock include Daniel J Schrider, James J Maiwurm, Kenneth C Cook, Mark C Michael and Pamela A Little.
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 $26.67.

How much money does Sandy Spring Bancorp make?

Sandy Spring Bancorp (NASDAQ:SASR) has a market capitalization of $1.19 billion and generates $582.69 million in revenue each year. The bank earns $166.30 million in net income (profit) each year or $3.68 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 3/23/2023 by MarketBeat.com Staff