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 stock has decreased by 10.7% and is now trading at $22.71.
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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) issued its quarterly earnings data on Thursday, July, 23rd. The bank reported ($0.31) EPS for the quarter, missing the Thomson Reuters' consensus estimate of $0.42 by $0.73. The bank earned $124.44 million during 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 declared a quarterly dividend on Friday, July 31st. Stockholders of record on Wednesday, August 12th will be given a dividend of $0.30 per share on Wednesday, August 19th. This represents a $1.20 annualized dividend and a yield of 5.28%. The ex-dividend date is Tuesday, August 11th.
View Sandy Spring Bancorp's dividend history.

5 Wall Street analysts have issued 12 month price targets for Sandy Spring Bancorp's stock. Their forecasts range from $29.00 to $38.00. On average, they expect Sandy Spring Bancorp's stock price to reach $33.00 in the next year. This suggests a possible upside of 45.3% from the stock's current price.
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Media stories about SASR stock have trended somewhat negative this week, InfoTrie Sentiment reports. InfoTrie identifies positive and negative news coverage by monitoring more than six thousand news and blog sources in real time. The firm ranks coverage of public companies on a scale of -5 to 5, with scores nearest to five being the most favorable. Sandy Spring Bancorp earned a coverage optimism score of -1.0 on InfoTrie's scale. They also assigned news headlines about the bank a news buzz of 5.0 out of 10, meaning that recent news coverage is somewhat likely to have an effect on the company's share price in the near term.
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 a number of retail and institutional investors. Top institutional investors include Dalton Greiner Hartman Maher & Co. (1.20%), Chartwell Investment Partners LLC (1.00%), Wedge Capital Management L L P NC (0.38%), Congress Asset Management Co. MA (0.26%), Comerica Bank (0.11%) and First Trust Advisors LP (0.10%). 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, Lincoln National Corp, Grace & White Inc. NY, and Creative Planning.
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SASR stock was bought by a variety of institutional investors in the last quarter, including Chartwell Investment Partners LLC, Quadrant Private Wealth Management LLC, Kendall Capital Management, SG Americas Securities LLC, Arizona State Retirement System, Assenagon Asset Management S.A., Strategic Wealth Management Group LLC, and Wedge Capital Management L L P NC. 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 $22.71.

Sandy Spring Bancorp has a market capitalization of $1.07 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]