NASDAQ:SASR

Sandy Spring Bancorp Stock Forecast, Price & News

$21.32

-0.63 (-2.87 %)

(As of 09/23/2020 12:00 AM ET)

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Today's Range

$21.30

Now: $21.32▼

$22.59

50-Day Range

$21.95

MA: $24.15▼

$25.65

52-Week Range

$18.00

Now: $21.32▼

$38.45

Volume188,766 shs

Average Volume235,219 shs

Market Capitalization$1.00 billion

P/E Ratio13.41

Dividend Yield5.47%

Beta1.07

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. The company operates in 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. This segment accepts deposits, such as demand, money market savings, regular savings, and time deposits. Its loan products include 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 and 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, 2018, it operated 55 community offices and 6 financial centers. Sandy Spring Bancorp, Inc. was founded in 1868 and is headquartered in Olney, Maryland.

Beat the Market (BTM) Rank^™

3.3 Analyst's Opinion

Consensus Rating
Sandy Spring Bancorp has received a consensus rating of Buy. The company's average rating score is 2.60, and is based on 3 buy ratings, 2 hold ratings, and no sell ratings.
Price Target Upside/Downside
According to analysts' consensus price target of $33.00, Sandy Spring Bancorp has a forecasted upside of 54.8% from its current price of $21.32.
Amount of Analyst Coverage
Sandy Spring Bancorp has only been the subject of 2 research reports in the past 90 days.

2.3 Community Rank

Outperform Votes
Sandy Spring Bancorp has received 279 “outperform” votes. (Add your “outperform” vote.)
Underperform Votes
Sandy Spring Bancorp has received 320 “underperform” votes. (Add your “underperform” vote.)
Community Sentiment
Sandy Spring Bancorp has received 53.42% “underperform” votes from our community.

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.

3.3 Dividend Strength

Dividend Leadership
Sandy Spring Bancorp is a leading dividend payer. It pays a dividend yield of 5.47%, putting its dividend yield in the top 25% of dividend-paying stocks.
Dividend Growth
Sandy Spring Bancorp has only been increasing its dividend for 2 years.
Dividend Coverage
The dividend payout ratio of Sandy Spring Bancorp is 36.59%. This payout ratio is at a healthy, sustainable level, below 75%.
Dividend Sustainability
Based on earnings estimates, Sandy Spring Bancorp will have a dividend payout ratio of 40.54% next year. This indicates that Sandy Spring Bancorp will be able to sustain or increase its dividend.

1.0 Company Ownership

Insider Buying vs. Insider Selling
In the past three months, Sandy Spring Bancorp insiders have not sold or bought any company stock.
Percentage Held by Insiders
Only 3.15% of the stock of Sandy Spring Bancorp is held by insiders.
Percentage Held by Institutions
62.41% of the stock of Sandy Spring Bancorp is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

3.8 Earnings and Valuation

Earnings Growth
Earnings for Sandy Spring Bancorp are expected to grow by 56.61% in the coming year, from $1.89 to $2.96 per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of Sandy Spring Bancorp is 13.41, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 18.04.
Price to Earnings Ratio vs. Sector
The P/E ratio of Sandy Spring Bancorp is 13.41, which means that it is trading at a less expensive P/E ratio than the Finance sector average P/E ratio of about 16.65.
Price to Earnings Growth Ratio
Sandy Spring Bancorp has a PEG Ratio of 3.16. PEG Ratios above 1 indicate that a company could be overvalued.
Price to Book Value per Share Ratio
Sandy Spring Bancorp has a P/B Ratio of 0.67. P/B Ratios below 1 indicate that a company could be undervalued with respect to its assets and liabilities.

Overall Beat the Market Rank^™

2.74 out of 5 stars

Industry, Sector and Symbol

Stock Exchange NASDAQ

Industry National commercial banks

Sub-IndustryRegional Banks

SectorFinance

Current SymbolNASDAQ:SASR

Previous Symbol

CUSIP80036310

CIK824410

Webwww.sandyspringbank.com

Phone301-774-6400

Debt

Debt-to-Equity Ratio0.49

Current Ratio0.99

Quick Ratio0.99

Price-To-Earnings

Trailing P/E Ratio13.41

Forward P/E Ratio11.28

P/E Growth3.16

Sales & Book Value

Annual Sales$419.19 million

Price / Sales2.39

Cash Flow$3.37 per share

Price / Cash Flow6.32

Book Value$31.80 per share

Price / Book0.67

Profitability

EPS (Most Recent Fiscal Year)$3.28

Net Income$116.43 million

Net Margins11.88%

Return on Equity6.35%

Return on Assets0.77%

Miscellaneous

Employees910

Outstanding Shares47,012,000

Market Cap$1.00 billion

Next Earnings Date10/15/2020 (Estimated)

OptionableOptionable

$21.32

-0.63 (-2.87 %)

(As of 09/23/2020 12:00 AM ET)

30 days | 90 days | 365 days | Advanced Chart

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Sandy Spring Bancorp (NASDAQ:SASR) Frequently Asked Questions

How has Sandy Spring Bancorp's stock price been impacted by COVID-19?

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. Since then, SASR shares have decreased by 16.2% and is now trading at $21.32.
View which stocks have been most impacted by COVID-19.

Do Wall Street analysts recommend investors buy shares of Sandy Spring Bancorp?

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."
View analyst ratings for Sandy Spring Bancorp.

When is Sandy Spring Bancorp's next earnings date?

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.

How were Sandy Spring Bancorp's earnings last quarter?

Sandy Spring Bancorp Inc. (NASDAQ:SASR) issued its earnings results on Thursday, July, 23rd. The bank reported ($0.31) earnings per share (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 net margin of 11.88% and a return on equity of 6.35%.
View Sandy Spring Bancorp's earnings history.

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, July 31st. Shareholders of record on Wednesday, August 12th will be paid a dividend of $0.30 per share on Wednesday, August 19th. This represents a $1.20 dividend on an annualized basis and a yield of 5.63%. The ex-dividend date of this dividend is Tuesday, August 11th.
View Sandy Spring Bancorp's dividend history.

What price target have analysts set for SASR?

5 brokers have issued 12 month price objectives for Sandy Spring Bancorp's shares. 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 54.8% from the stock's current price.
View analysts' price targets for Sandy Spring Bancorp.

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

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), SVB Financial Group (SIVB), M&T Bank (MTB), KeyCorp (KEY), Regions Financial (RF), Huntington Bancshares (HBAN), Commerce Bancshares (CBSH), Zions Bancorporation NA (ZION), Prosperity Bancshares (PB), Signature Bank (SBNY), East West Bancorp (EWBC) and Cullen/Frost Bankers (CFR).
View all competitors.

What other stocks do shareholders of Sandy Spring Bancorp own?

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), Abbott Laboratories (ABT), Ford Motor (F), Gilead Sciences (GILD), IBM (IBM), Steel Dynamics (STLD) and AbbVie (ABBV).

Who are Sandy Spring Bancorp's key executives?

Sandy Spring Bancorp's management team includes the following people:

Mr. Daniel J. Schrider, Pres, CEO & Non-Independent Director (Age 55)
Mr. Philip J. Mantua, Exec. VP & CFO (Age 61)
Mr. Ramiro Louis Caceres, Exec. VP of Wealth Management, Insurance, Mortgage & Private Banking (Age 56)
Mr. Joseph J. O'Brien Jr., Exec. VP & Chief Banking Officer (Age 55)
Mr. Kevin Slane, Exec. VP & Chief Risk Officer (Age 59)

What is Sandy Spring Bancorp's stock symbol?

Sandy Spring Bancorp trades on the NASDAQ under the ticker symbol "SASR."

Who are Sandy Spring Bancorp's major shareholders?

Sandy Spring Bancorp's stock is owned by many different institutional and retail investors. Top institutional shareholders include Vanguard Group Inc. (5.28%), Macquarie Group Ltd. (1.67%), Banc Funds Co. LLC (1.38%), Goldman Sachs Group Inc. (1.20%), Dalton Greiner Hartman Maher & Co. (1.20%) and Chartwell Investment Partners LLC (1.00%). 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.

Which major investors are selling Sandy Spring Bancorp stock?

SASR stock was sold by a variety of institutional investors in the last quarter, including Goldman Sachs Group Inc., Bank of Montreal Can, First Trust Advisors LP, Evermay Wealth Management LLC, Two Sigma Advisers LP, US Bancorp DE, Lincoln National Corp, and LSV Asset Management.
View insider buying and selling activity for Sandy Spring Bancorp.

Which major investors are buying Sandy Spring Bancorp stock?

SASR stock was acquired by a variety of institutional investors in the last quarter, including Vanguard Group Inc., Macquarie Group Ltd., Charles Schwab Investment Management Inc., Sei Investments Co., Commonwealth Equity Services LLC, William Blair Investment Management LLC, Banc Funds Co. LLC, and Swiss National Bank. 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.

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, Robinhood, Fidelity, and Charles Schwab.

What is Sandy Spring Bancorp's stock price today?

One share of SASR stock can currently be purchased for approximately $21.32.

How big of a company is Sandy Spring Bancorp?

Sandy Spring Bancorp has a market capitalization of $1.00 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.

What is Sandy Spring Bancorp's official website?

The official website for Sandy Spring Bancorp is 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]

This page was last updated on 9/24/2020 by MarketBeat.com Staff

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