About Sandy Spring Bank (NASDAQ:SASR)
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
Industry National commercial banks
Sub-IndustryRegional Banks
SectorFinance
SymbolNASDAQ:SASR
CUSIP80036310
Phone301-774-6400
Debt
Debt-to-Equity Ratio1.36%
Current Ratio1.07%
Quick Ratio1.07%
Price-To-Earnings
Trailing P/E Ratio14.95
Forward P/E Ratio12.63
P/E Growth1.01
Sales & Book Value
Annual Sales$246.04 million
Price / Sales5.78
Cash Flow$2.8928 per share
Price / Cash13.80
Book Value$23.50 per share
Price / Book1.70
Profitability
EPS (Most Recent Fiscal Year)$2.54
Net Income$53.20 million
Net Margins21.34%
Return on Equity13.15%
Return on Assets1.38%
Miscellaneous
Employees754
Outstanding Shares35,640,000
Sandy Spring Bank (NASDAQ:SASR) Frequently Asked Questions
What is Sandy Spring Bank's stock symbol?
Sandy Spring Bank trades on the NASDAQ under the ticker symbol "SASR."
How often does Sandy Spring Bank pay dividends? What is the dividend yield for Sandy Spring Bank?
Sandy Spring Bank declared a quarterly dividend on Wednesday, January 31st. Shareholders of record on Wednesday, February 14th will be paid a dividend of $0.26 per share on Wednesday, February 21st. This represents a $1.04 annualized dividend and a yield of 2.61%. The ex-dividend date is Tuesday, February 13th. View Sandy Spring Bank's Dividend History.
How were Sandy Spring Bank's earnings last quarter?
Sandy Spring Bank (NASDAQ:SASR) posted its quarterly earnings results on Thursday, April, 19th. The bank reported $0.80 EPS for the quarter, beating analysts' consensus estimates of $0.75 by $0.05. The bank earned $81.03 million during the quarter, compared to analyst estimates of $78.10 million. Sandy Spring Bank had a net margin of 21.34% and a return on equity of 13.15%. Sandy Spring Bank's revenue for the quarter was up 48.2% on a year-over-year basis. During the same quarter last year, the business earned $0.63 earnings per share. View Sandy Spring Bank's Earnings History.
What price target have analysts set for SASR?
4 analysts have issued 12 month price targets for Sandy Spring Bank's shares. Their predictions range from $44.00 to $50.00. On average, they expect Sandy Spring Bank's stock price to reach $46.3333 in the next twelve months. View Analyst Ratings for Sandy Spring Bank.
What are Wall Street analysts saying about Sandy Spring Bank stock?
Here are some recent quotes from research analysts about Sandy Spring Bank stock:
- 1. 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)
- 2. 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. " (3/28/2018)
Who are some of Sandy Spring Bank's key competitors?
Some companies that are related to Sandy Spring Bank include Community Bank, N.A. (CBU), Washington Federal (WAFD), Simmons First National (SFNC), FCB Financial (FCB), First Midwest Bancorp (FMBI), Old National Bancorp (ONB), Bank of Hope (HOPE), Cadence Bancorp (CADE), CenterState Bank (CSFL), First Merchants (FRME), Trustmark (TRMK), WesBanco (WSBC), First Financial Bank (FFBC), BancFirst (BANF), Northwest Bancshares (NWBI), NBT Bancorp (NBTB), WSFS Financial (WSFS) and Westamerica Bancorporation (WABC).
Who are Sandy Spring Bank's key executives?
Sandy Spring Bank'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 Bank been receiving favorable news coverage?
Media stories about SASR stock have trended somewhat positive recently, Accern Sentiment Analysis reports. The research group ranks the sentiment of press coverage by monitoring more than 20 million news and blog sources. Accern ranks coverage of public companies on a scale of negative one to one, with scores closest to one being the most favorable. Sandy Spring Bank earned a news impact score of 0.07 on Accern's scale. They also gave news headlines about the bank an impact score of 45.85 out of 100, indicating that recent press coverage is somewhat unlikely to have an effect on the company's share price in the immediate future.
How do I buy shares of Sandy Spring Bank?
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 Bank's stock price today?
One share of SASR stock can currently be purchased for approximately $39.92.
How big of a company is Sandy Spring Bank?
Sandy Spring Bank has a market capitalization of $1.42 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 Bank employs 754 workers across the globe.
How can I contact Sandy Spring Bank?
Sandy Spring Bank'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 Bank (SASR)
MarketBeat's community ratings are surveys of what our community members think about Sandy Spring Bank 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.
Sandy Spring Bank (NASDAQ:SASR) Price Target and Consensus Rating
(How are Consensus Ratings Calculated?) MarketBeat calculates consensus analyst ratings for stocks using the most recent rating from each Wall Street analyst that has rated a stock within the last twelve months. Each analyst's rating is normalized to a standardized rating score of 1 (sell), 2 (hold), 3 (buy) or 4 (strong buy). Analyst consensus ratings scores are calculated using the mean average of the number of normalized sell, hold, buy and strong buy ratings from Wall Street analysts. Each stock's consensus analyst rating is derived from its calculated consensus ratings score (0-1.5 = Sell, 1.5-2.5 = Hold, 2.5-3.5 = Buy, >3.5 = Strong Buy). MarketBeat's consensus price targets are a mean average of the most recent available price targets set by each analyst that has set a price target for the stock in the last twelve months. MarketBeat's consensus ratings and consensus price targets may differ from those calculated by other firms due to differences in methodology and available data.
4 Wall Street analysts have issued ratings and price targets for Sandy Spring Bank in the last 12 months. Their average twelve-month price target is $46.3333, suggesting that the stock has a possible upside of 16.07%. The high price target for SASR is $50.00 and the low price target for SASR is $44.00. There are currently 2 hold ratings and 2 buy ratings for the stock, resulting in a consensus rating of "Buy."
| Today | 30 Days Ago | 90 Days Ago | 180 Days Ago |
| Consensus Rating: | Buy | Hold | Hold | Hold |
| Consensus Rating Score: | 2.50 | 2.40 | 2.25 | 2.00 |
| Ratings Breakdown: | 0 Sell Rating(s)
2 Hold Rating(s)
2 Buy Rating(s)
0 Strong Buy Rating(s) | 0 Sell Rating(s)
3 Hold Rating(s)
2 Buy Rating(s)
0 Strong Buy Rating(s) | 0 Sell Rating(s)
3 Hold Rating(s)
1 Buy Rating(s)
0 Strong Buy Rating(s) | 0 Sell Rating(s)
2 Hold Rating(s)
0 Buy Rating(s)
0 Strong Buy Rating(s) |
| Consensus Price Target: | $46.3333 | $44.75 | $44.6667 | $40.00 |
| Price Target Upside: | 16.07% upside | 15.31% upside | 10.51% upside | 5.30% downside |
Sandy Spring Bank (NASDAQ:SASR) Consensus Price Target History
Sandy Spring Bank (NASDAQ:SASR) Analyst Ratings History
Show:
(Data available from 4/22/2016 forward)
Sandy Spring Bank (NASDAQ:SASR) Dividend Information
Sandy Spring Bank pays an annual dividend of $1.04 per share, with a dividend yield of 2.61%. SASR's most recent quarterly dividend payment was Wednesday, February 21. Sandy Spring Bank pays out 40.94% of its earnings out as a dividend.
| Most Recent Dividend: | 2/21/2018 |
| Annual Dividend: | $1.04 |
| Dividend Yield: | 2.61% |
| Payout Ratio: | 40.94% (Trailing 12 Months of Earnings)
32.91% (Based on This Year's Estimates)
29.71% (Based on Next Year's Estimates)
|
Sandy Spring Bank (NASDAQ:SASR) Dividend History by Quarter
| Announced | Period | Amount | Yield | Ex-Dividend Date | Record Date | Payable Date |
|---|
| 1/31/2018 | Quarterly | $0.26 | 2.68% | 2/13/2018 | 2/14/2018 | 2/21/2018 |
| 10/25/2017 | Quarterly | $0.26 | 2.51% | 11/7/2017 | 11/8/2017 | 11/15/2017 |
| 7/27/2017 | quarterly | $0.26 | 2.6% | 8/7/2017 | 8/9/2017 | 8/16/2017 |
| 4/27/2017 | quarterly | $0.26 | 2.36% | 5/8/2017 | 5/10/2017 | 5/17/2017 |
| 1/26/2017 | quarterly | $0.26 | 2.52% | 2/7/2017 | 2/9/2017 | 2/15/2017 |
| 10/27/2016 | quarterly | $0.26 | 3.31% | 11/7/2016 | 11/9/2016 | 11/16/2016 |
| 7/29/2016 | quarterly | $0.24 | 3.22% | 8/8/2016 | 8/10/2016 | 8/17/2016 |
| 4/29/2016 | quarterly | $0.24 | 3.36% | 5/9/2016 | 5/11/2016 | 5/18/2016 |
| 1/29/2016 | quarterly | $0.24 | 3.61% | 2/8/2016 | 2/10/2016 | 2/17/2016 |
| 10/30/2015 | quarterly | $0.24 | 3.49% | 11/6/2015 | 11/11/2015 | 11/18/2015 |
| 7/30/2015 | quarterly | $0.22 | 3.23% | 8/10/2015 | 8/12/2015 | 8/19/2015 |
| 5/1/2015 | quarterly | $0.22 | 3.38% | 5/11/2015 | 5/13/2015 | 5/20/2015 |
| 1/30/2015 | quarterly | $0.22 | 3.56% | 2/9/2015 | 2/11/2015 | 2/18/2015 |
| 10/30/2014 | quarterly | $0.20 | 3.1% | 11/10/2014 | 11/12/2014 | 11/19/2014 |
| 7/31/2014 | quarterly | $0.20 | 3.44% | 8/11/2014 | 8/13/2014 | 8/20/2014 |
| 5/1/2014 | quarterly | $0.18 | 3.05% | 5/12/2014 | 5/14/2014 | 5/21/2014 |
| 1/30/2014 | quarterly | $0.18 | 2.88% | 2/10/2014 | 2/12/2014 | 2/19/2014 |
| 10/31/2013 | quarterly | $0.18 | 2.94% | 11/8/2013 | 11/13/2013 | 11/20/2013 |
| 8/1/2013 | quarterly | $0.16 | 2.58% | 8/12/2013 | 8/14/2013 | 8/21/2013 |
| 4/25/2013 | quarterly | $0.16 | 3.17% | 5/6/2013 | 5/8/2013 | 5/15/2013 |
| 1/31/2013 | quarterly | $0.14 | 2.77% | 2/11/2013 | 2/13/2013 | 2/20/2013 |
(Data available from 1/1/2013 forward)
Sandy Spring Bank (NASDAQ SASR) Insider Trading and Institutional Ownership History
Insider Ownership Percentage: 3.31%
Institutional Ownership Percentage: 73.40%
Sandy Spring Bank (NASDAQ SASR) Insider Trading History
| Transaction Date | Insider Name | Title | Buy/Sell | Number of Shares | Average Share Price | Total Transaction | Shares Held After Transaction | Details |
|---|
| 3/5/2018 | Joseph S Bracewell | Director | Sell | 50,000 | $39.21 | $1,960,500.00 | 42,173 |  |
| 2/27/2018 | Joseph S Bracewell | Director | Sell | 20,700 | $39.41 | $815,787.00 | 134,473 | |
| 2/22/2018 | Joseph S Bracewell | Director | Sell | 600 | $39.60 | $23,760.00 | 143,873 | |
| 2/16/2018 | Joseph S Bracewell | Director | Sell | 10,000 | $39.09 | $390,900.00 | 144,473 | |
| 2/5/2018 | Mona Abutaleb Stephenson | Director | Buy | 600 | $37.82 | $22,692.00 | 948 | |
| 1/30/2018 | Ronda M Mcdowell | EVP | Sell | 1,872 | $37.95 | $71,042.40 | 5,090 | |
| 1/25/2018 | Joe Reeder | Director | Sell | 1,538 | $38.63 | $59,412.94 | 154,473 | |
| 1/22/2018 | Shaza L Andersen | Director | Sell | 8,546 | $39.64 | $338,763.44 | 77,344 | |
| 11/8/2016 | R Louis Caceres | Insider | Sell | 14,200 | $31.62 | $449,004.00 | 17,299 | |
| 5/31/2016 | James J Maiwurm | Director | Buy | 258 | $29.04 | $7,492.32 | 1,258 | |
| 5/14/2015 | Ronda M Mcdowell | EVP | Sell | 1,781 | $26.21 | $46,680.01 | | |
| 8/1/2014 | Mark E Friis | Director | Buy | 2,500 | $23.17 | $57,925.00 | | |
| 11/12/2012 | Mei Xu | Director | Buy | 1,000 | $17.86 | $17,860.00 | | |
| 11/1/2012 | Robert E Jr. Henel | Director | Buy | 1,440 | $19.15 | $27,576.00 | | |
(Data available from 1/1/2013 forward)
Sandy Spring Bank (NASDAQ SASR) News Headlines
| Source: |
|
| Date | Headline |
|---|
 | Brokerages Expect Sandy Spring Bancorp Inc. (SASR) Will Announce Earnings of $0.76 Per Share
www.americanbankingnews.com - April 22 at 1:18 AM |
 | PenFed foundation takes a page from the venture capital playbook
finance.yahoo.com - April 20 at 4:31 PM |
| Sandy Spring Bancorp's (SASR) Hold Rating Reiterated at Boenning Scattergood
www.americanbankingnews.com - April 20 at 10:25 AM |
 | Sandy Spring Bancorp's (SASR) CEO Daniel Schrider on Q1 2018 Results - Earnings Call Transcript
seekingalpha.com - April 20 at 9:37 AM |
| Sandy Spring Bancorp, Inc. to Host Earnings Call
finance.yahoo.com - April 19 at 4:40 PM |
| Sandy Spring Bancorp beats by $0.06, beats on net interest income
seekingalpha.com - April 19 at 9:27 AM |
| Sandy Spring Bancorp: 1Q Earnings Snapshot
finance.yahoo.com - April 19 at 9:27 AM |
| Is Sandy Spring Bancorp Inc (NASDAQ:SASR) Undervalued?
finance.yahoo.com - April 19 at 9:27 AM |
| Sandy Spring Bancorp (SASR) Issues Earnings Results
www.americanbankingnews.com - April 19 at 8:47 AM |
| Sandy Spring Bancorp Inc. (SASR) Receives Consensus Recommendation of "Hold" from Brokerages
www.americanbankingnews.com - April 18 at 11:28 AM |
| Sandy Spring Bancorp (SASR) Upgraded by Zacks Investment Research to Buy
www.americanbankingnews.com - April 16 at 2:58 PM |
| Sandy Spring Bancorp (SASR) Set to Announce Earnings on Wednesday
www.americanbankingnews.com - April 11 at 1:18 AM |
| Sandy Spring Bank Announcement Event, April 11, 2018
finance.yahoo.com - April 9 at 4:27 PM |
| Sandy Spring Bancorp (SASR) Stock Rating Upgraded by ValuEngine
www.americanbankingnews.com - April 8 at 10:47 AM |
| $80.21 Million in Sales Expected for Sandy Spring Bancorp Inc. (SASR) This Quarter
www.americanbankingnews.com - April 7 at 5:07 AM |
| Zacks Investment Research Downgrades Sandy Spring Bancorp (SASR) to Sell
www.americanbankingnews.com - April 5 at 4:36 PM |
 | Sandy Spring Bancorp, Inc. to Webcast First Quarter Earnings Conference Call on April 19, 2018
feeds.benzinga.com - April 5 at 7:55 AM |
| Analysts Expect Sandy Spring Bancorp Inc. (SASR) to Post $0.75 Earnings Per Share
www.americanbankingnews.com - April 5 at 3:06 AM |
| Can Sandy Spring Bancorp Inc’s (NASDAQ:SASR) ROE Continue To Surpass The Industry Average?
finance.yahoo.com - March 31 at 9:21 AM |
| BidaskClub Upgrades Sandy Spring Bancorp (SASR) to Hold
www.americanbankingnews.com - March 30 at 10:02 PM |
| Sandy Spring Bancorp (SASR) Now Covered by Gabelli
www.americanbankingnews.com - March 30 at 12:34 PM |
| Sandy Spring Bancorp (SASR) Cut to Sell at BidaskClub
www.americanbankingnews.com - March 29 at 3:36 PM |
| Sandy Spring Bancorp (SASR) Upgraded to Hold at BidaskClub
www.americanbankingnews.com - March 29 at 11:29 AM |
| Zacks Investment Research Upgrades Sandy Spring Bancorp (SASR) to "Hold"
www.americanbankingnews.com - March 28 at 10:51 AM |
| Sandy Spring Bancorp (SASR) Stock Rating Upgraded by BidaskClub
www.americanbankingnews.com - March 24 at 2:26 PM |
| Sandy Spring Bancorp Inc. (SASR) Receives Average Recommendation of "Hold" from Brokerages
www.americanbankingnews.com - March 24 at 12:26 PM |
| Brokerages Expect Sandy Spring Bancorp Inc. (SASR) to Post $0.75 Earnings Per Share
www.americanbankingnews.com - March 19 at 1:18 AM |
| Sandy Spring Bancorp (SASR) Lowered to "Sell" at Zacks Investment Research
www.americanbankingnews.com - March 14 at 10:50 PM |
| Why These Fundamentals Make Sandy Spring Bancorp Inc’s (NASDAQ:SASR) More Attractive
finance.yahoo.com - March 13 at 6:21 PM |
| Sandy Spring Bancorp Inc. (SASR) Director Joseph S. Bracewell Sells 50,000 Shares
www.americanbankingnews.com - March 6 at 6:14 PM |
| Sandy Spring Bancorp: Better Late Than Never
seekingalpha.com - March 5 at 9:39 AM |
| Sandy Spring Bancorp Inc. (SASR) is Banc Funds Co. LLC's 10th Largest Position
www.americanbankingnews.com - March 2 at 4:43 AM |
| $0.75 EPS Expected for Sandy Spring Bancorp Inc. (SASR) This Quarter
www.americanbankingnews.com - March 1 at 11:06 PM |
| Sandy Spring Bancorp Inc. (SASR) Director Sells $815,787.00 in Stock
www.americanbankingnews.com - February 28 at 12:28 PM |
| Sandy Spring Bancorp Inc. (SASR) Receives Average Rating of "Hold" from Brokerages
www.americanbankingnews.com - February 27 at 12:32 PM |
| Citadel Advisors LLC Grows Holdings in Sandy Spring Bancorp Inc. (SASR)
www.americanbankingnews.com - February 27 at 5:48 AM |
| Sandy Spring Bancorp Inc. (SASR) Director Joseph S. Bracewell Sells 600 Shares
www.americanbankingnews.com - February 26 at 7:10 PM |
| American Century Companies Inc. Cuts Stake in Sandy Spring Bancorp Inc. (SASR)
www.americanbankingnews.com - February 26 at 4:26 AM |
| Zacks Investment Research Downgrades Sandy Spring Bancorp (SASR) to Hold
www.americanbankingnews.com - February 25 at 7:42 PM |
| Sandy Spring Bancorp (SASR) Stock Rating Upgraded by Stephens
www.americanbankingnews.com - February 23 at 12:46 AM |
| Bryn Mawr Bank (BMTC) versus Sandy Spring Bancorp (SASR) Critical Survey
www.americanbankingnews.com - February 21 at 5:07 AM |
| Insider Selling: Sandy Spring Bancorp Inc. (SASR) Director Sells 10,000 Shares of Stock
www.americanbankingnews.com - February 20 at 12:16 PM |
| Sandy Spring Bancorp Inc. (SASR) Expected to Post Quarterly Sales of $80.21 Million
www.americanbankingnews.com - February 15 at 5:48 AM |
| Sandy Spring Bancorp Inc. (SASR) Declares $0.26 Quarterly Dividend
www.americanbankingnews.com - February 8 at 10:24 AM |
 | BRIEF-Sandy Spring Bancorp Files For Potential Mixed Shelf Offering
www.reuters.com - February 8 at 8:54 AM |
| Sandy Spring Bancorp Inc (NASDAQ:SASR): Ex-Dividend Is Coming In 6 Days, Should You Buy?
finance.yahoo.com - February 7 at 9:13 AM |
| Insider Buying: Sandy Spring Bancorp Inc. (SASR) Director Buys 600 Shares of Stock
www.americanbankingnews.com - February 5 at 7:16 PM |
| Sandy Spring Bancorp Inc. (SASR) Given Average Recommendation of "Hold" by Brokerages
www.americanbankingnews.com - February 2 at 11:16 AM |
| Sandy Spring Bancorp Inc. (SASR) EVP Ronda M. Mcdowell Sells 1,872 Shares
www.americanbankingnews.com - February 1 at 6:28 PM |
 | Sandy Spring Bancorp (SASR) Declares $0.26 Quarterly Dividend; 2.7% Yield
www.streetinsider.com - February 1 at 4:24 PM |
Sandy Spring Bank (NASDAQ:SASR) SEC Filings
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Sandy Spring Bank (NASDAQ:SASR) Income Statement, Balance Sheet and Cash Flow Statement
Sandy Spring Bank (NASDAQ SASR) Stock Chart for Sunday, April, 22, 2018
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