NASDAQ:SASR - Sandy Spring Bancorp Stock Price, News, & Analysis

Sign in or create an account to add this stock to your watchlist.
$34.02 +0.22 (+0.65 %)
(As of 02/19/2019 12:38 PM ET)
Previous Close$33.80
Today's Range$33.75 - $34.02
52-Week Range$29.87 - $43.87
Volume2,960 shs
Average Volume126,234 shs
Market Capitalization$1.21 billion
P/E Ratio11.87
Dividend Yield3.41%
Beta0.72
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.

Receive SASR News and Ratings via Email

Sign-up to receive the latest news and ratings for SASR and its competitors with MarketBeat's FREE daily newsletter.

Industry, Sector and Symbol

Industry National commercial banks
Sub-IndustryRegional Banks
SectorFinance
Current SymbolNASDAQ:SASR
CUSIP80036310
Phone301-774-6400

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$385.13 million
Cash Flow$2.9557 per share
Book Value$23.50 per share

Profitability

Net Income$100.86 million

Miscellaneous

Employees754
Market Cap$1.21 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 announced a quarterly dividend on Friday, February 1st. Investors of record on Wednesday, February 13th will be given a dividend of $0.28 per share on Wednesday, February 20th. This represents a $1.12 annualized dividend and a yield of 3.29%. The ex-dividend date is Tuesday, February 12th. 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, January, 17th. The bank reported $0.72 earnings per share for the quarter, missing the Zacks' consensus estimate of $0.79 by $0.07. The bank earned $80.18 million during the quarter, compared to analysts' expectations of $81.94 million. Sandy Spring Bancorp had a return on equity of 10.10% and a net margin of 26.19%. During the same quarter last year, the company earned $0.34 EPS. View Sandy Spring Bancorp's Earnings History.

When is Sandy Spring Bancorp's next earnings date?

Sandy Spring Bancorp is scheduled to release their next quarterly earnings announcement on Thursday, April 18th 2019. View Earnings Estimates for Sandy Spring Bancorp.

What price target have analysts set for SASR?

6 equities research analysts have issued 12-month price targets for Sandy Spring Bancorp's shares. Their predictions range from $35.00 to $45.00. On average, they expect Sandy Spring Bancorp's stock price to reach $40.00 in the next year. This suggests a possible upside of 17.6% 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 2 hold ratings and 4 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. " (1/15/2019)
  • 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?

News headlines about SASR stock have trended negative this week, InfoTrie Sentiment Analysis reports. InfoTrie identifies positive and negative media coverage by reviewing more than six thousand blog and news sources in real time. The firm ranks coverage of companies on a scale of -5 to 5, with scores closest to five being the most favorable. Sandy Spring Bancorp earned a media sentiment score of -2.8 on InfoTrie's scale. They also assigned news coverage about the bank a news buzz of 10.0 out of 10, indicating that recent media coverage is extremely likely to have an impact on the stock's share price in the near future.

Who are some of Sandy Spring Bancorp's key competitors?

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 55)
  • Mr. Philip J. Mantua, Exec. VP & CFO (Age 61)
  • Mr. Ronald E. Kuykendall, Exec. VP, Gen. Counsel & Sec. (Age 66)
  • Mr. Ramiro Louis Caceres, Exec. VP of Wealth Management, Insurance, Mortgage & Private Banking (Age 56)
  • Mr. Joseph J. O'Brien Jr., Exec. VP of Commercial & Retail and Chief Banking Officer (Age 55)

Who are Sandy Spring Bancorp's major shareholders?

Sandy Spring Bancorp's stock is owned by many different of institutional and retail investors. Top institutional shareholders include BlackRock Inc. (7.56%), Dimensional Fund Advisors LP (7.10%), Dalton Greiner Hartman Maher & Co. (2.07%), Northern Trust Corp (1.88%), Investment Counselors of Maryland LLC (1.49%) and Geode Capital Management LLC (1.14%). Company insiders that own Sandy Spring Bancorp stock include Joe Reeder, Joseph S Bracewell, Mark C Michael, Mark E Friis, Mona Abutaleb Stephenson, 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, Massachusetts Financial Services Co. MA, JCSD Capital LLC, EJF Capital LLC, Principal Financial Group Inc., Wedge Capital Management L L P NC, Dalton Greiner Hartman Maher & Co. and Pinnacle Associates Ltd.. Company insiders that have sold Sandy Spring Bancorp company stock in the last year include Joseph S Bracewell, Mark C Michael 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 purchased by a variety of institutional investors in the last quarter, including Dimensional Fund Advisors LP, Clover Partners L.P., Geode Capital Management LLC, Congress Asset Management Co. MA, BlackRock Inc., Investment Counselors of Maryland LLC, Sargent Investment Group LLC and Thrivent Financial for Lutherans. Company insiders that have bought Sandy Spring Bancorp stock in the last two years include Mark E Friis and Mona Abutaleb Stephenson. 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 $34.02.

How big of a company is Sandy Spring Bancorp?

Sandy Spring Bancorp has a market capitalization of $1.21 billion and generates $385.13 million in revenue each year. The bank earns $100.86 million in net income (profit) each year or $2.86 on an earnings per share basis. Sandy Spring Bancorp employs 754 workers across the globe.

What is Sandy Spring Bancorp's official website?

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

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)

Community Ranking:  2.2 out of 5 (star star)
Outperform Votes:  175 (Vote Outperform)
Underperform Votes:  217 (Vote Underperform)
Total Votes:  392
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.
This page was last updated on 2/19/2019 by MarketBeat.com Staff

Enter your email address below to receive a concise daily summary of analysts' upgrades, downgrades and new coverage with MarketBeat.com's FREE daily email newsletter.

Yahoo Gemini Pixel