Sandy Spring Bancorp, Inc. operates as the bank holding company for Sandy Spring Bank that provides commercial banking services to individuals and businesses in central Maryland, Northern Virginia, and Washington D.C. markets. It operates through three segments: Community Banking, Insurance, and Investment Management. The Community Banking segment provides financial products and services, including various loan and deposit products to individuals and businesses. Its deposit products include demand, money market savings, regular savings, and time deposits. This segment's loan portfolio comprises residential real estate loans; commercial real estate loans, commercial construction loans, and other commercial loans; and consumer loans comprising home equity loans and lines, installment loans, and personal lines of credit. The Insurance segment provides general insurance agency services and annuities. The Investment Management segment provides comprehensive investment management and financial planning to individuals, families, small businesses, and associations, including cash flow analysis, investment review, tax planning, retirement planning, insurance analysis, and estate planning. The company also provides mortgage banking, equipment leasing, personal trust, and wealth management services. As of December 31, 2017, it operated 42 community offices and 6 financial centers. The company was founded in 1868 and is headquartered in Olney, Maryland.
Industry, Sector and Symbol
Stock Exchange NASDAQ
Industry National commercial banks
Sub-IndustryRegional Banks
SectorFinance
SymbolNASDAQ:SASR
CUSIP80036310
Phone301-774-6400
Debt
Debt-to-Equity Ratio1.07
Current Ratio1.09
Quick Ratio1.08
Price-To-Earnings
Trailing P/E Ratio15.46
Forward P/E Ratio12.47
P/E Growth1.12
Sales & Book Value
Annual Sales$246.04 million
Price / Sales5.67
Cash Flow$2.9147 per share
Price / Cash13.48
Book Value$23.50 per share
Price / Book1.67
Profitability
EPS (Most Recent Fiscal Year)$2.54
Net Income$53.20 million
Net Margins22.29%
Return on Equity10.53%
Return on Assets1.24%
Miscellaneous
Employees754
Outstanding Shares35,520,000
Market Cap$1.39 billion
Sandy Spring Bancorp (NASDAQ:SASR) Frequently Asked Questions
What is Sandy Spring Bancorp's stock symbol?
Sandy Spring Bancorp trades on the NASDAQ under the ticker symbol "SASR."
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 Wednesday, July 25th. Stockholders of record on Wednesday, August 8th will be given a dividend of $0.28 per share on Wednesday, August 15th. This represents a $1.12 dividend on an annualized basis and a dividend yield of 2.85%. The ex-dividend date is Tuesday, August 7th. View Sandy Spring Bancorp's Dividend History.
How were Sandy Spring Bancorp's earnings last quarter?
Sandy Spring Bancorp Inc. (NASDAQ:SASR) announced its quarterly earnings data on Thursday, July, 19th. The bank reported $0.68 EPS for the quarter, missing analysts' consensus estimates of $0.80 by $0.12. The bank had revenue of $79.86 million for the quarter, compared to analyst estimates of $81.12 million. Sandy Spring Bancorp had a net margin of 22.29% and a return on equity of 10.53%. Sandy Spring Bancorp's revenue for the quarter was up 41.3% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.61 EPS. View Sandy Spring Bancorp's Earnings History.
When is Sandy Spring Bancorp's next earnings date?
What price target have analysts set for SASR?
5 brokerages have issued 1 year target prices for Sandy Spring Bancorp's shares. Their predictions range from $44.00 to $50.00. On average, they anticipate Sandy Spring Bancorp's share price to reach $46.50 in the next twelve months. This suggests a possible upside of 18.2% from the stock's current price. View Analyst Price Targets for Sandy Spring Bancorp.
What is the consensus analysts' recommendation for Sandy Spring Bancorp?
5 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Sandy Spring Bancorp in the last year. There are currently 1 hold rating and 4 buy ratings for the stock, resulting in a consensus recommendation of "Buy." View Analyst Ratings for Sandy Spring Bancorp.
What are Wall Street analysts saying about Sandy Spring Bancorp stock?
Here are some recent quotes from research analysts about Sandy Spring Bancorp stock:
- 1. According to Zacks Investment Research, "SANDY SPRING is a bank holding company for Sandy Spring National Bank of Maryland. The bank is community oriented, and conducts a full-service commercial banking business through community offices located in Montgomery, Howard, Prince George's and Anne Arundel counties in Maryland. " (7/24/2018)
- 2. Boenning Scattergood analysts commented, "Solid growth in loans (up 2.8% linked-quarter) and deposits (up 2.8%), strong growth in net interest income (up 5.8%); the net interest margin (NIM) was up 9bps, and credit quality was stable at a very solid level. We are maintaining our 2018 EPS estimate of $1.63. Our price target of $28 equates to 17.2x (vs. peers at 14.6x) our 2018 EPS estimate. We believe that TSC deserves a significant premium to peers based on its multiple above-peer attributes (see below). We regard TSC’s favorable capital position as a major differentiator that is undervalued by investors." (4/20/2018)
Who are some of Sandy Spring Bancorp's key competitors?
Some companies that are related to Sandy Spring Bancorp include Sterling Bancorp (STL), Pinnacle Financial Partners (PNFP), Akbank T.A.S. (AKBTY), TCF Financial (TCF), F.N.B. (FNB), MB Financial (MBFI), Valley National Bancorp (VLY), UMB Financial (UMBF), Community Bank System (CBU), Fulton Financial (FULT), First Financial Bancorp (FFBC), Old National Bancorp (ONB), Washington Federal (WAFD), Simmons First National (SFNC) and First Midwest Bancorp (FMBI).
Who are Sandy Spring Bancorp's key executives?
Sandy Spring Bancorp's management team includes the folowing people:
- Mr. Daniel J. Schrider, Pres, CEO & Non-Independent Director (Age 54)
- Mr. Philip J. Mantua, Exec. VP & CFO (Age 60)
- Mr. Ronald E. Kuykendall, Exec. VP, Gen. Counsel & Sec. (Age 65)
- Mr. Ramiro Louis Caceres, Exec. VP of Wealth Management, Insurance, Mortgage & Private Banking (Age 55)
- Mr. Joseph J. O'Brien Jr., Exec. VP of Commercial & Retail and Chief Banking Officer (Age 54)
Has Sandy Spring Bancorp been receiving favorable news coverage?
News articles about SASR stock have been trending somewhat positive recently, Accern reports. Accern ranks the sentiment of news coverage by reviewing more than twenty million news and blog sources. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Sandy Spring Bancorp earned a coverage optimism score of 0.18 on Accern's scale. They also assigned news articles about the bank an impact score of 47.59 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the stock's share price in the immediate future. View Recent Headlines for Sandy Spring Bancorp.
Who are Sandy Spring Bancorp's major shareholders?
Sandy Spring Bancorp's stock is owned by a variety of of retail and institutional investors. Top institutional shareholders include BlackRock Inc. (8.13%), Dimensional Fund Advisors LP (6.32%), Renaissance Technologies LLC (2.62%), Dalton Greiner Hartman Maher & Co. (2.01%), Systematic Financial Management LP (1.74%) and Millennium Management LLC (1.52%). Company insiders that own Sandy Spring Bancorp stock include Joe Reeder, Joseph S Bracewell, Mark C Michael, Mona Abutaleb Stephenson, R Louis Caceres, Ronda M Mcdowell and Shaza L Andersen. View Institutional Ownership Trends for Sandy Spring Bancorp.
Which institutional investors are selling Sandy Spring Bancorp stock?
SASR stock was sold by a variety of institutional investors in the last quarter, including EJF Capital LLC, JCSD Capital LLC, Schwab Charles Investment Management Inc., Russell Investments Group Ltd., Grace & White Inc. NY, Zebra Capital Management LLC, California Public Employees Retirement System and Bank of America Corp DE. Company insiders that have sold Sandy Spring Bancorp company stock in the last year include Joe Reeder, Joseph S Bracewell, Mark C Michael, Ronda M Mcdowell and Shaza L Andersen. View Insider Buying and Selling for Sandy Spring Bancorp.
Which institutional investors are buying Sandy Spring Bancorp stock?
SASR stock was bought by a variety of institutional investors in the last quarter, including Millennium Management LLC, Dimensional Fund Advisors LP, BlackRock Inc., Wedge Capital Management L L P NC, Renaissance Technologies LLC, Investment Counselors of Maryland LLC, Sandy Spring Bank and Systematic Financial Management LP. View Insider Buying and Selling for Sandy Spring Bancorp.
How do I buy shares of Sandy Spring Bancorp?
Shares of SASR can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Scottrade, Fidelity and Charles Schwab.
What is Sandy Spring Bancorp's stock price today?
One share of SASR stock can currently be purchased for approximately $39.33.
How big of a company is Sandy Spring Bancorp?
Sandy Spring Bancorp has a market capitalization of $1.39 billion and generates $246.04 million in revenue each year. The bank earns $53.20 million in net income (profit) each year or $2.54 on an earnings per share basis. Sandy Spring Bancorp employs 754 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 bank can be reached via phone at 301-774-6400 or via email at [email protected]
MarketBeat Community Rating for Sandy Spring Bancorp (NASDAQ SASR)
MarketBeat's community ratings are surveys of what our community members think about Sandy Spring Bancorp and other stocks. Vote "Outperform" if you believe SASR will outperform the S&P 500 over the long term. Vote "Underperform" if you believe SASR will underperform the S&P 500 over the long term. You may vote once every thirty days.
