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
Current SymbolNASDAQ:SASR
Previous Symbol
CUSIP80036310
Phone301-774-6400
Debt
Debt-to-Equity Ratio0.87
Current Ratio1.06
Quick Ratio1.08
Price-To-Earnings
Trailing P/E Ratio14.15
Forward P/E Ratio11.39
P/E Growth1.02
Sales & Book Value
Annual Sales$246.04 million
Price / Sales5.20
Cash Flow$2.9197 per share
Price / Cash12.33
Book Value$29.36 per share
Price / Book1.23
Profitability
EPS (Most Recent Fiscal Year)$2.54
Net Income$53.20 million
Net Margins23.98%
Return on Equity10.48%
Return on Assets1.29%
Miscellaneous
Employees754
Outstanding Shares35,520,000
Market Cap$1.27 billion
OptionableOptionable
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 declared a quarterly dividend on Wednesday, October 31st. Shareholders of record on Wednesday, November 14th will be paid a dividend of $0.28 per share on Wednesday, November 21st. This represents a $1.12 annualized dividend and a dividend yield of 3.11%. The ex-dividend date of this dividend is Tuesday, November 13th. View Sandy Spring Bancorp's Dividend History.
How were Sandy Spring Bancorp's earnings last quarter?
Sandy Spring Bancorp Inc. (NASDAQ:SASR) posted its quarterly earnings data on Thursday, October, 18th. The bank reported $0.78 earnings per share for the quarter, missing the consensus estimate of $0.80 by $0.02. The bank earned $82.62 million during the quarter, compared to analyst estimates of $82.74 million. Sandy Spring Bancorp had a return on equity of 10.48% and a net margin of 23.98%. During the same quarter in the prior year, the company posted $0.62 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?
6 analysts have issued 1-year price targets for Sandy Spring Bancorp's stock. Their predictions range from $44.00 to $50.00. On average, they expect Sandy Spring Bancorp's share price to reach $46.00 in the next year. This suggests a possible upside of 27.8% from the stock's current price. View Analyst Price Targets for Sandy Spring Bancorp.
What is the consensus analysts' recommendation for Sandy Spring Bancorp?
6 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 5 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. " (10/23/2018)
- 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)
Has Sandy Spring Bancorp been receiving favorable news coverage?
Media headlines about SASR stock have trended somewhat negative this week, InfoTrie reports. InfoTrie identifies positive and negative media coverage by analyzing more than six thousand blog and news sources in real-time. The firm ranks coverage of publicly-traded companies on a scale of negative five to positive five, with scores closest to five being the most favorable. Sandy Spring Bancorp earned a news sentiment score of -1.4 on InfoTrie's scale. They also assigned news stories about the bank a news buzz of 3.0 out of 10, meaning that recent media coverage is unlikely to have an impact on the company's share price in the near term.
Who are some of Sandy Spring Bancorp's key competitors?
Some companies that are related to Sandy Spring Bancorp include Akbank T.A.S. (AKBTY), PacWest Bancorp (PACW), CIT Group (CIT), Synovus Financial (SNV), Sterling Bancorp (STL), Pinnacle Financial Partners (PNFP), F.N.B. (FNB), MB Financial (MBFI), TCF Financial (TCF), UMB Financial (UMBF), Community Bank System (CBU), Fulton Financial (FULT), Old National Bancorp (ONB), First Financial Bancorp (FFBC) and Simmons First National (SFNC).
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)
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 investors include BlackRock Inc. (7.47%), Dimensional Fund Advisors LP (6.71%), Renaissance Technologies LLC (2.69%), Alliancebernstein L.P. (2.37%), Banc Funds Co. LLC (2.34%) and Dalton Greiner Hartman Maher & Co. (2.12%). Company insiders that own Sandy Spring Bancorp stock include Joe Reeder, Joseph S Bracewell, Mark C Michael, Mona Abutaleb Stephenson, Ronda M Mcdowell and Shaza L Andersen. View Institutional Ownership Trends for Sandy Spring Bancorp.
Which major investors are selling Sandy Spring Bancorp stock?
SASR stock was sold by a variety of institutional investors in the last quarter, including BlackRock Inc., Banc Funds Co. LLC, William Blair Investment Management LLC, Systematic Financial Management LP, Wells Fargo & Company MN, FineMark National Bank & Trust, Citadel Advisors LLC and Chevy Chase Trust Holdings Inc.. 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 major investors are buying Sandy Spring Bancorp stock?
SASR stock was purchased by a variety of institutional investors in the last quarter, including Chartwell Investment Partners LLC, Alliancebernstein L.P., Investment Counselors of Maryland LLC, Rothschild & Co. Asset Management US Inc., Dimensional Fund Advisors LP, Massachusetts Financial Services Co. MA, Bridgeway Capital Management Inc. and Dalton Greiner Hartman Maher & Co.. 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 $36.00.
How big of a company is Sandy Spring Bancorp?
Sandy Spring Bancorp has a market capitalization of $1.27 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.
What is Sandy Spring Bancorp's official website?
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.
