NASDAQ:SASRSandy Spring Bancorp Stock Price, Forecast & News

Sandy Spring Bancorp's stock was trading at $25.43 on March 11th, 2020 when COVID-19 reached pandemic status according to the World Health Organization (WHO). Since then, SASR shares have decreased by 4.1% and is now trading at $24.38.
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5 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Sandy Spring Bancorp in the last year. There are currently 2 hold ratings and 3 buy ratings for the stock, resulting in a consensus recommendation of "Buy."
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Sandy Spring Bancorp is scheduled to release its next quarterly earnings announcement on Thursday, October 15th 2020.
View our earnings forecast for Sandy Spring Bancorp.

Sandy Spring Bancorp Inc. (NASDAQ:SASR) announced its quarterly earnings data on Thursday, July, 23rd. The bank reported ($0.31) earnings per share for the quarter, missing analysts' consensus estimates of $0.42 by $0.73. The bank had revenue of $124.44 million for the quarter, compared to analysts' expectations of $104.50 million. Sandy Spring Bancorp had a return on equity of 6.71% and a net margin of 11.88%.
View Sandy Spring Bancorp's earnings history.

Sandy Spring Bancorp announced a quarterly dividend on Friday, July 31st. Shareholders of record on Wednesday, August 12th will be paid a dividend of $0.30 per share on Wednesday, August 19th. This represents a $1.20 annualized dividend and a dividend yield of 4.92%. The ex-dividend date of this dividend is Tuesday, August 11th.
View Sandy Spring Bancorp's dividend history.

5 equities research analysts have issued 12 month target prices for Sandy Spring Bancorp's stock. Their forecasts range from $29.00 to $38.00. On average, they expect Sandy Spring Bancorp's share price to reach $33.00 in the next year. This suggests a possible upside of 35.4% from the stock's current price.
View analysts' price targets for Sandy Spring Bancorp.

News stories about SASR stock have trended negative this week, InfoTrie reports. The research firm identifies negative and positive news coverage by monitoring more than six thousand blog and news sources. The firm ranks coverage of public companies on a scale of negative five to positive five, with scores nearest to five being the most favorable. Sandy Spring Bancorp earned a news sentiment score of -2.0 on InfoTrie's scale. They also gave press coverage about the bank a news buzz of 0.0 out of 10, meaning that recent news coverage is extremely unlikely to have an effect on the company's share price in the near future.
View the latest news about Sandy Spring Bancorp.

Some companies that are related to Sandy Spring Bancorp include Truist Financial (TFC), PNC Financial Services Group (PNC), First Republic Bank (FRC), Fifth Third Bancorp (FITB), M&T Bank (MTB), KeyCorp (KEY), SVB Financial Group (SIVB), Regions Financial (RF), Huntington Bancshares (HBAN), Commerce Bancshares (CBSH), Signature Bank (SBNY), Zions Bancorporation NA (ZION), Prosperity Bancshares (PB), East West Bancorp (EWBC) and Cullen/Frost Bankers (CFR).
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Based on aggregate information from My MarketBeat watchlists, some companies that other Sandy Spring Bancorp investors own include Pinnacle Financial Partners (PNFP), Energy Transfer LP Unit (ET), Pfizer (PFE), AT&T (T), Exxon Mobil (XOM), Gilead Sciences (GILD), IBM (IBM), Steel Dynamics (STLD), Verizon Communications (VZ) and AbbVie (ABBV).

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

Sandy Spring Bancorp's stock is owned by many different institutional and retail investors. Top institutional investors include Dalton Greiner Hartman Maher & Co. (1.20%), Chartwell Investment Partners LLC (1.00%), LSV Asset Management (0.77%), Wedge Capital Management L L P NC (0.38%), Congress Asset Management Co. MA (0.26%) and Lafayette Investments Inc. (0.22%). Company insiders that own Sandy Spring Bancorp stock include Aaron Michael Kaslow, James J Maiwurm, Joe Reeder, Mark C Michael, Mark C Micklem, Mark E Friis, Pamela A Little and Ronda M Mcdowell.
View institutional ownership trends for Sandy Spring Bancorp.

SASR stock was sold by a variety of institutional investors in the last quarter, including First Trust Advisors LP, Evermay Wealth Management LLC, US Bancorp DE, Lincoln National Corp, LSV Asset Management, Grace & White Inc. NY, Creative Planning, and Lafayette Investments Inc..
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SASR stock was bought by a variety of institutional investors in the last quarter, including Swiss National Bank, Chartwell Investment Partners LLC, Quadrant Private Wealth Management LLC, Kendall Capital Management, SG Americas Securities LLC, Farr Miller & Washington LLC DC, New York State Common Retirement Fund, and Arizona State Retirement System. Company insiders that have bought Sandy Spring Bancorp stock in the last two years include Aaron Michael Kaslow, James J Maiwurm, Joe Reeder, Mark C Michael, Mark C Micklem, Mark E Friis, and Pamela A Little.
View insider buying and selling activity for 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, Robinhood, Fidelity, and Charles Schwab.

One share of SASR stock can currently be purchased for approximately $24.38.

Sandy Spring Bancorp has a market capitalization of $1.15 billion and generates $419.19 million in revenue each year. The bank earns $116.43 million in net income (profit) each year or $3.28 on an earnings per share basis. Sandy Spring Bancorp employs 910 workers across the globe.

The official website for Sandy Spring Bancorp is www.sandyspringbank.com.

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]