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 Ratio1.03
Current Ratio1.08
Quick Ratio1.07
Price-To-Earnings
Trailing P/E Ratio16.67
Forward P/E Ratio12.71
P/E Growth1.13
Sales & Book Value
Annual Sales$246.04 million
Price / Sales6.11
Cash Flow$2.9281 per share
Price / Cash14.46
Book Value$23.50 per share
Price / Book1.80
Profitability
EPS (Most Recent Fiscal Year)$2.54
Net Income$53.20 million
Net Margins21.34%
Return on Equity10.94%
Return on Assets1.23%
Miscellaneous
Employees754
Outstanding Shares35,510,000
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 announced a quarterly dividend on Friday, April 27th. Stockholders of record on Wednesday, May 9th will be given a dividend of $0.28 per share on Wednesday, May 16th. This represents a $1.12 annualized dividend and a dividend yield of 2.65%. The ex-dividend date is Tuesday, May 8th. This is an increase from Sandy Spring Bancorp's previous quarterly dividend of $0.26. View Sandy Spring Bancorp's Dividend History.
How were Sandy Spring Bancorp's earnings last quarter?
Sandy Spring Bancorp Inc. (NASDAQ:SASR) released its earnings results on Thursday, April, 19th. The bank reported $0.80 earnings per share (EPS) for the quarter, beating the Zacks' consensus estimate 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 Bancorp had a return on equity of 10.94% and a net margin of 21.34%. Sandy Spring Bancorp's quarterly revenue was up 48.2% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.63 earnings per share. View Sandy Spring Bancorp's Earnings History.
When is Sandy Spring Bancorp's next earnings date?
What price target have analysts set for SASR?
5 equities research analysts have issued 1-year price targets for Sandy Spring Bancorp's shares. Their predictions range from $44.00 to $50.00. On average, they expect Sandy Spring Bancorp's stock price to reach $46.50 in the next twelve months. 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. " (4/25/2018)
- 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)
Who are some of Sandy Spring Bancorp's key competitors?
Some companies that are related to Sandy Spring Bancorp include Sterling Bancorp (STL), Pinnacle Financial Partners (PNFP), F.N.B. (FNB), TCF Financial (TCF), Valley National Bancorp (VLY), MB Financial (MBFI), UMB Financial (UMBF), First Financial Bancorp (FFBC), Community Bank System (CBU), Fulton Financial (FULT), Simmons First National (SFNC), Old National Bancorp (ONB), FCB Financial (FCB), Washington Federal (WAFD) and First Midwest Bancorp (FMBI).
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)
Has Sandy Spring Bancorp been receiving favorable news coverage?
Media coverage about SASR stock has been trending somewhat positive this week, according to Accern Sentiment. The research group identifies negative and positive news coverage by monitoring more than twenty million blog and news sources. Accern ranks coverage of public companies on a scale of -1 to 1, with scores closest to one being the most favorable. Sandy Spring Bancorp earned a media sentiment score of 0.17 on Accern's scale. They also gave news headlines about the bank an impact score of 47.14 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the company's share price in the near term.
Who are Sandy Spring Bancorp's major shareholders?
Sandy Spring Bancorp's stock is owned by a number of of retail and institutional investors. Top institutional investors include BlackRock Inc. (7.38%), Dimensional Fund Advisors LP (5.56%), Banc Funds Co. LLC (2.75%), Dalton Greiner Hartman Maher & Co. (1.92%), Northern Trust Corp (1.81%) and Endicott Management Co. (1.71%). Company insiders that own Sandy Spring Bancorp stock include Joe Reeder, Joseph S Bracewell, Mark C Michael, Mona Abutaleb Stephenson, R Louis Caceres, Ronda M Mcdowell and Shaza L Andersen. View Institutional Ownership Trends for Sandy Spring Bancorp.
Which institutional investors are selling Sandy Spring Bancorp stock?
SASR stock was sold by a variety of institutional investors in the last quarter, including Millennium Management LLC, The Manufacturers Life Insurance Company , Thrivent Financial for Lutherans, Lincoln National Corp, Citadel Advisors LLC, JPMorgan Chase & Co., BNP Paribas Arbitrage SA and Prudential Financial 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 institutional investors are buying Sandy Spring Bancorp stock?
SASR stock was bought by a variety of institutional investors in the last quarter, including Endicott Management Co., EJF Capital LLC, BlackRock Inc., Banc Funds Co. LLC, Maltese Capital Management LLC, JCSD Capital LLC, Dimensional Fund Advisors LP and Pinnacle Associates Ltd.. 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 $42.34.
How big of a company is Sandy Spring Bancorp?
Sandy Spring Bancorp has a market capitalization of $1.49 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.
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 (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.
