S&P 500   5,123.41
DOW   37,983.24
QQQ   438.27
Divisive? Not for moviegoers. ‘Civil War’ declares victory at box office.
Stock market today: Global markets are mixed as Middle East tensions escalate
Native American-led nonprofit says it bought 40 acres in the Black Hills of South Dakota
Tax Day reveals a major split in how Joe Biden and Donald Trump would govern
Biden administration agrees to provide $6.4 billion to Samsung for making computer chips in Texas
The IRS is quicker to answer the phone on this Tax Day
S&P 500   5,123.41
DOW   37,983.24
QQQ   438.27
Divisive? Not for moviegoers. ‘Civil War’ declares victory at box office.
Stock market today: Global markets are mixed as Middle East tensions escalate
Native American-led nonprofit says it bought 40 acres in the Black Hills of South Dakota
Tax Day reveals a major split in how Joe Biden and Donald Trump would govern
Biden administration agrees to provide $6.4 billion to Samsung for making computer chips in Texas
The IRS is quicker to answer the phone on this Tax Day
S&P 500   5,123.41
DOW   37,983.24
QQQ   438.27
Divisive? Not for moviegoers. ‘Civil War’ declares victory at box office.
Stock market today: Global markets are mixed as Middle East tensions escalate
Native American-led nonprofit says it bought 40 acres in the Black Hills of South Dakota
Tax Day reveals a major split in how Joe Biden and Donald Trump would govern
Biden administration agrees to provide $6.4 billion to Samsung for making computer chips in Texas
The IRS is quicker to answer the phone on this Tax Day
S&P 500   5,123.41
DOW   37,983.24
QQQ   438.27
Divisive? Not for moviegoers. ‘Civil War’ declares victory at box office.
Stock market today: Global markets are mixed as Middle East tensions escalate
Native American-led nonprofit says it bought 40 acres in the Black Hills of South Dakota
Tax Day reveals a major split in how Joe Biden and Donald Trump would govern
Biden administration agrees to provide $6.4 billion to Samsung for making computer chips in Texas
The IRS is quicker to answer the phone on this Tax Day

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

$20.30
-0.05 (-0.25%)
(As of 04/12/2024 08:52 PM ET)
Today's Range
$20.05
$20.36
50-Day Range
$20.30
$23.58
52-Week Range
$19.27
$27.90
Volume
357,600 shs
Average Volume
302,483 shs
Market Capitalization
$913.50 million
P/E Ratio
7.44
Dividend Yield
6.70%
Price Target
$24.00

Sandy Spring Bancorp MarketRank™ Stock Analysis

Analyst Rating
Hold
2.00 Rating Score
Upside/​Downside
18.2% Upside
$24.00 Price Target
Short Interest
Healthy
1.33% of Float Sold Short
Dividend Strength
Strong
Based on Four Factors
Sustainability
N/A
News Sentiment
1.60mentions of Sandy Spring Bancorp in the last 14 days
Based on 3 Articles This Week
Insider Trading
N/A
Proj. Earnings Growth
35.75%
From $2.07 to $2.81 Per Share

Overall MarketRank

New Rank-Based ScoringMarketRank is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.

4.27 out of 5 stars

Finance Sector

250th out of 853 stocks

National Commercial Banks Industry

42nd out of 82 stocks

SASR stock logo

About Sandy Spring Bancorp Stock (NASDAQ:SASR)

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 the United States. It 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 company provides investment management, financial planning, and wealth management services. Sandy Spring Bancorp, Inc. was founded in 1868 and is headquartered in Olney, Maryland.

SASR Stock Price History

SASR Stock News Headlines

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See More Headlines
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Company Calendar

Last Earnings
1/23/2024
Ex-Dividend for 2/21 Dividend
2/13/2024
Dividend Payable
2/21/2024
Today
4/15/2024
Next Earnings (Confirmed)
4/23/2024
Fiscal Year End
12/31/2024

Industry, Sector and Symbol

Sector
Finance
Industry
National commercial banks
Sub-Industry
Regional Banks
Current Symbol
NASDAQ:SASR
CUSIP
80036310
Employees
1,112
Year Founded
1868

Price Target and Rating

Average Stock Price Target
$24.00
High Stock Price Target
$27.00
Low Stock Price Target
$22.00
Potential Upside/Downside
+18.2%
Consensus Rating
Hold
Rating Score (0-4)
2.00
Research Coverage
4 Analysts

Profitability

Net Income
$122.84 million
Pretax Margin
23.30%

Debt

Sales & Book Value

Annual Sales
$704.60 million
Cash Flow
$3.48 per share
Book Value
$35.37 per share

Miscellaneous

Free Float
43,556,000
Market Cap
$913.50 million
Optionable
Optionable
Beta
0.94

Social Links

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Key Executives

  • Mr. Daniel J. Schrider (Age 60)
    Chairman, President & CEO
    Comp: $1.65M
  • Mr. Philip J. Mantua CPA (Age 66)
    Executive VP & CFO
    Comp: $798.25k
  • Mr. Ramiro Louis Caceres (Age 61)
    Executive VP & Chief Wealth Officer
    Comp: $841.2k
  • Mr. Joseph J. O'Brien Jr. (Age 60)
    Executive VP & Chief Banking Officer of Sandy Spring Bank
    Comp: $1.04M
  • Ms. Ronda M. McDowell (Age 59)
    Executive VP & COO of Sandy Spring Bank
  • Mr. Aaron Michael Kaslow (Age 59)
    Chief Administrative Officer, Executive VP & General Counsel
    Comp: $488.31k
  • Mr. Gary John Fernandes (Age 55)
    Executive VP & Chief Human Resources Officer
  • Mr. John D. Sadowski (Age 61)
    Chief Information Officer & EVP - Sandy Spring Bank
  • Mr. Kevin Slane (Age 64)
    Executive VP & Chief Risk Officer of Sandy Spring Bank
    Comp: $608.05k
  • Ms. Lynne Pulford
    Executive VP of the Consumer Banking Group

SASR Stock Analysis - Frequently Asked Questions

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

4 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Sandy Spring Bancorp in the last year. There are currently 4 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 target for 2024?

4 analysts have issued 12 month target prices for Sandy Spring Bancorp's shares. Their SASR share price targets range from $22.00 to $27.00. On average, they predict the company's share price to reach $24.00 in the next year. This suggests a possible upside of 18.2% 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 2024?

Sandy Spring Bancorp's stock was trading at $27.24 at the beginning of 2024. Since then, SASR stock has decreased by 25.5% and is now trading at $20.30.
View the best growth stocks for 2024 here
.

Are investors shorting Sandy Spring Bancorp?

Sandy Spring Bancorp saw a decline in short interest in the month of March. As of March 31st, there was short interest totaling 574,200 shares, a decline of 28.8% from the March 15th total of 806,000 shares. Based on an average trading volume of 302,900 shares, the days-to-cover ratio is presently 1.9 days. Approximately 1.3% of the shares of the company are short sold.
View Sandy Spring Bancorp's Short Interest
.

When is Sandy Spring Bancorp's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Tuesday, April 23rd 2024.
View our SASR earnings forecast
.

How can I listen to Sandy Spring Bancorp's earnings call?

Sandy Spring Bancorp will be holding an earnings conference call on Tuesday, April 23rd at 2:00 PM Eastern. Interested parties can register for or listen to the call using this link or dial in at 866-813-9403 with passcode "131243".

How were Sandy Spring Bancorp's earnings last quarter?

Sandy Spring Bancorp, Inc. (NASDAQ:SASR) posted its quarterly earnings data on Tuesday, January, 23rd. The bank reported $0.60 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.51 by $0.09. The bank earned $182.18 million during the quarter, compared to the consensus estimate of $101.53 million. Sandy Spring Bancorp had a net margin of 17.43% and a trailing twelve-month return on equity of 8.66%. During the same quarter in the prior year, the company earned $0.79 earnings per share.

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, January 31st. Stockholders of record on Wednesday, February 14th will be paid a dividend of $0.34 per share on Wednesday, February 21st. This represents a $1.36 annualized dividend and a dividend yield of 6.70%. The ex-dividend date is Tuesday, February 13th.
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 6.70%. SASR has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. The dividend payout ratio is 49.82%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, SASR will have a dividend payout ratio of 48.40% next year. This indicates that the company will be able to sustain or increase its dividend.
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 SPDR SSGA US Small Cap Low Volatility Index ETF (SMLV).First Trust Small Cap Value AlphaDEX Fund (FYT).

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).

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 Congress Asset Management Co. MA (0.39%). Insiders that own company stock include Craig A Ruppert 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 Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

This page (NASDAQ:SASR) was last updated on 4/15/2024 by MarketBeat.com Staff

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