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NASDAQ:SASR

Sandy Spring Bancorp (SASR) Stock Forecast, Price & News

$20.74
-0.62 (-2.90%)
(As of 11:21 AM ET)
Compare
Today's Range
$20.60
$21.44
50-Day Range
$19.84
$27.15
52-Week Range
$19.47
$42.70
Volume
32,813 shs
Average Volume
321,931 shs
Market Capitalization
$929.77 million
P/E Ratio
5.37
Dividend Yield
6.56%
Price Target
$28.00

Sandy Spring Bancorp MarketRank™ Forecast

Analyst Rating
Hold
2.25 Rating Score
Upside/​Downside
31.1% Upside
$28.00 Price Target
Short Interest
Healthy
3.46% of Float Sold Short
Dividend Strength
Strong
Based on Four Factors
Sustainability
N/A
News Sentiment
1.06mentions of Sandy Spring Bancorp in the last 14 days
Based on 5 Articles This Week
Insider Trading
N/A
Proj. Earnings Growth
-6.29%
From $3.34 to $3.13 Per Share

Overall MarketRank

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

2.91 out of 5 stars

Finance Sector

187th out of 901 stocks

National Commercial Banks Industry

30th out of 85 stocks


SASR stock logo

About Sandy Spring Bancorp (NASDAQ:SASR) Stock

Sandy Spring Bancorp, Inc. is a bank holding company, which engages in the provision of commercial banking, retail banking, and trust services to individuals and businesses. It operates through the following segments: Community Banking, Insurance, and Investment Management. The Community Banking segment conducts its operations through Sandy Spring Bank and involves delivering financial products and services, including various loan and deposit products to both individuals and businesses. The Insurance segment includes operations through Sandy Spring Insurance Corp, a subsidiary of the bank, and offers annuities as an alternative to traditional deposit accounts. The Investment Management segment conducts its operations through West Financial Services, Inc., a subsidiary of the Bank. The company was founded in 1868 and is headquartered in Olney, MD.

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SASR Stock News Headlines

AI Getting Close to Thinking Like Humans
Technology experts working with neuroscientists have created the world's first Artificial Intelligence Network Operating System. AI can now process information like the human brain and understand the world the way humans do.
AI Getting Close to Thinking Like Humans
Technology experts working with neuroscientists have created the world's first Artificial Intelligence Network Operating System. AI can now process information like the human brain and understand the world the way humans do.
Sandy Spring Bancorp (NASDAQ:SASR) Price Target Cut to $27.00
Sandy Spring Bancorp (SASR) Receives a Hold from KBW
Q1 2023 Sandy Spring Bancorp Inc Earnings Call
Recap: Sandy Spring Bancorp Q1 Earnings
See More Headlines
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SASR Company Calendar

Last Earnings
1/26/2023
Ex-Dividend for 5/17 Dividend
5/09/2023
Dividend Payable
5/17/2023
Today
5/30/2023
Next Earnings (Estimated)
7/20/2023
Fiscal Year End
12/31/2023

Industry, Sector and Symbol

Industry
National commercial banks
Sub-Industry
Regional Banks
Sector
Finance
Current Symbol
NASDAQ:SASR
CUSIP
80036310
Employees
1,169
Year Founded
1868

Price Target and Rating

Average Stock Price Forecast
$28.00
High Stock Price Forecast
$30.00
Low Stock Price Forecast
$27.00
Forecasted Upside/Downside
+31.1%
Consensus Rating
Hold
Rating Score (0-4)
2.25
Research Coverage
4 Analysts

Profitability

Net Income
$166.30 million
Pretax Margin
37.31%

Debt

Sales & Book Value

Annual Sales
$582.69 million
Cash Flow
$3.85 per share
Book Value
$33.24 per share

Miscellaneous

Free Float
43,400,000
Market Cap
$957.57 million
Optionable
Optionable
Beta
0.91

Social Links


Key Executives

  • Daniel J. Schrider
    Chairman, President & Chief Executive Officer
  • Ronda M. Mcdowell
    Chief Operations Officer & Executive VP
  • Philip J. Mantua
    Chief Financial Officer & Executive Vice President
  • John D. Sadowski
    Chief Information Officer & Executive VP
  • Ramiro Louis Caceres
    Chief Wealth Officer & Executive Vice President













SASR Stock - Frequently Asked Questions

Should I buy or sell Sandy Spring Bancorp stock right now?

4 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Sandy Spring Bancorp in the last twelve months. There are currently 3 hold ratings and 1 buy rating for the stock. The consensus among Wall Street research analysts is that investors should "hold" SASR shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in SASR, but not buy additional shares or sell existing shares.
View SASR analyst ratings
or view top-rated stocks.

What is Sandy Spring Bancorp's stock price forecast for 2023?

4 equities research analysts have issued 12 month price targets for Sandy Spring Bancorp's stock. Their SASR share price forecasts range from $27.00 to $30.00. On average, they anticipate the company's stock price to reach $28.00 in the next year. This suggests a possible upside of 31.1% from the stock's current price.
View analysts price targets for SASR
or view top-rated stocks among Wall Street analysts.

How have SASR shares performed in 2023?

Sandy Spring Bancorp's stock was trading at $35.23 at the beginning of the year. Since then, SASR stock has decreased by 39.4% and is now trading at $21.36.
View the best growth stocks for 2023 here
.

When is Sandy Spring Bancorp's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Thursday, July 20th 2023.
View our SASR earnings forecast
.

How were Sandy Spring Bancorp's earnings last quarter?

Sandy Spring Bancorp, Inc. (NASDAQ:SASR) posted its earnings results on Thursday, January, 26th. The bank reported $0.79 EPS for the quarter, missing analysts' consensus estimates of $0.93 by $0.14. The bank had revenue of $159.60 million for the quarter, compared to the consensus estimate of $128.43 million. Sandy Spring Bancorp had a net margin of 27.85% and a trailing twelve-month return on equity of 11.05%. During the same period last year, the business earned $1.05 earnings per share.

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 Thursday, April 27th. Investors of record on Wednesday, May 10th will be given a dividend of $0.34 per share on Wednesday, May 17th. This represents a $1.36 dividend on an annualized basis and a yield of 6.37%. The ex-dividend date of this dividend is Tuesday, May 9th.
Read our dividend analysis for SASR
.

Is Sandy Spring Bancorp a good dividend stock?

Sandy Spring Bancorp (NASDAQ:SASR) pays an annual dividend of $1.36 per share and currently has a dividend yield of 6.36%. SASR has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. The company has been increasing its dividend for 12 consecutive years, indicating the company has a strong committment to maintain and grow its dividend. The dividend payout ratio is 35.23%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, SASR will have a dividend payout ratio of 43.45% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for SASR.

What is Daniel J. Schrider's approval rating as Sandy Spring Bancorp's CEO?

28 employees have rated Sandy Spring Bancorp Chief Executive Officer Daniel J. Schrider on Glassdoor.com. Daniel J. Schrider has an approval rating of 82% among the company's employees.

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 (ET), Pfizer (PFE), AT&T (T), Ford Motor (F), International Business Machines (IBM), Steel Dynamics (STLD), AbbVie (ABBV), Abbott Laboratories (ABT) and Canadian Natural Resources (CNQ).

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 retail and institutional investors. Top institutional investors include BlackRock Inc. (8.73%), Dimensional Fund Advisors LP (5.88%), State Street Corp (3.45%), Macquarie Group Ltd. (2.75%), Geode Capital Management LLC (1.97%) and Systematic Financial Management LP (1.47%). Insiders that own company stock include Daniel J Schrider and Kenneth C Cook.
View institutional ownership trends
.

How do I buy shares of Sandy Spring Bancorp?

Shares of SASR stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
Compare Top Brokerages Here.

What is Sandy Spring Bancorp's stock price today?

One share of SASR stock can currently be purchased for approximately $21.36.

How much money does Sandy Spring Bancorp make?

Sandy Spring Bancorp (NASDAQ:SASR) has a market capitalization of $957.57 million and generates $582.69 million in revenue each year. The bank earns $166.30 million in net income (profit) each year or $3.86 on an earnings per share basis.

How many employees does Sandy Spring Bancorp have?

The company employs 1,169 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 official website for the company is www.sandyspringbank.com. The bank can be reached via phone at (301) 774-6400, via email at ir@sandyspringbank.com, or via fax at 301-774-8434.

This page (NASDAQ:SASR) was last updated on 5/31/2023 by MarketBeat.com Staff

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