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NASDAQ:SASRSandy Spring Bancorp Stock Price, Forecast & News

$26.03
+1.21 (+4.88 %)
(As of 06/3/2020 04:00 PM ET)
Add
Compare
Today's Range
$25.16
Now: $26.03
$26.61
50-Day Range
$20.07
MA: $22.91
$25.78
52-Week Range
$18.00
Now: $26.03
$38.45
Volume238,750 shs
Average Volume224,575 shs
Market Capitalization$1.22 billion
P/E Ratio9.68
Dividend Yield4.83%
Beta1.09
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.
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Sandy Spring Bancorp logo

Beat the Market (BTM) Rank

Analyst Opinion: 3.5Community Rank: 2.4Dividend Strength: 4.2Insider Behavior: 4.0Valuation: 2.5 5 -4 -3 -2 -1 -

Overall Beat the Market Rank

3.31 out of 5 stars


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$419.19 million
Cash Flow$3.89 per share
Book Value$31.80 per share

Profitability

Net Income$116.43 million

Miscellaneous

Employees910
Market Cap$1.22 billion
Next Earnings Date7/16/2020 (Estimated)
OptionableOptionable

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Sandy Spring Bancorp (NASDAQ:SASR) Frequently Asked Questions

How has Sandy Spring Bancorp's stock been impacted by COVID-19 (Coronavirus)?

Sandy Spring Bancorp's stock was trading at $25.43 on March 11th, 2020 when COVID-19 (Coronavirus) reached pandemic status according to the World Health Organization. Since then, SASR shares have increased by 2.4% and is now trading at $26.03. View which stocks have been most impacted by Coronavirus.

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

4 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Sandy Spring Bancorp in the last year. There are currently 4 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, July 16th 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 quarterly earnings data on Thursday, April, 23rd. The bank reported $0.28 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.65 by $0.37. The bank had revenue of $82.50 million for the quarter, compared to analyst estimates of $86.20 million. Sandy Spring Bancorp had a net margin of 23.10% and a return on equity of 8.59%. 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 declared a quarterly dividend on Friday, May 1st. Stockholders of record on Wednesday, May 13th will be paid a dividend of $0.30 per share on Wednesday, May 20th. This represents a $1.20 dividend on an annualized basis and a yield of 4.61%. The ex-dividend date of this dividend is Tuesday, May 12th. View Sandy Spring Bancorp's dividend history.

What price target have analysts set for SASR?

4 brokers have issued 12 month price targets for Sandy Spring Bancorp's shares. Their forecasts range from $32.00 to $38.00. On average, they expect Sandy Spring Bancorp's share price to reach $35.75 in the next year. This suggests a possible upside of 37.3% from the stock's current price. View analysts' price targets for Sandy Spring Bancorp.

Has Sandy Spring Bancorp been receiving favorable news coverage?

News stories about SASR stock have trended somewhat positive this week, according to InfoTrie Sentiment Analysis. The research firm identifies positive and negative media coverage by monitoring more than six thousand news and blog 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 0.9 on InfoTrie's scale. They also assigned headlines about the bank a news buzz of 0.0 out of 10, indicating that recent media coverage is extremely unlikely to have an effect on the stock's share price in the near term. View the latest news aboutSandy Spring Bancorp.

Who are some of Sandy Spring Bancorp's key 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), Exxon Mobil (XOM), Gilead Sciences (GILD), IBM (IBM), Steel Dynamics (STLD), Verizon Communications (VZ) 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 a number of retail and institutional investors. Top institutional investors include BlackRock Inc. (11.54%), State Street Corp (2.53%), Alliancebernstein L.P. (2.46%), Systematic Financial Management LP (2.16%), Banc Funds Co. LLC (1.78%) and Dalton Greiner Hartman Maher & Co. (1.59%). Company insiders that own Sandy Spring Bancorp stock include Aaron Michael Kaslow, James J Maiwurm, Joe Reeder, Joseph S Bracewell, Mark C Michael, Mark C Micklem, Mark E Friis, Pamela A Little, Ronda M Mcdowell and Shaza L Andersen. 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 Alliancebernstein L.P., Banc Funds Co. LLC, Martingale Asset Management L P, Nuveen Asset Management LLC, Thrivent Financial for Lutherans, Grantham Mayo Van Otterloo & Co. LLC, AQR Capital Management LLC, and Bessemer Group Inc.. View insider buying and selling activity for Sandy Spring Bancorp.

Which major investors are buying Sandy Spring Bancorp stock?

SASR stock was purchased by a variety of institutional investors in the last quarter, including JPMorgan Chase & Co., Massachusetts Financial Services Co. MA, Chartwell Investment Partners LLC, Penn Capital Management Co. Inc., Geode Capital Management LLC, Dynamic Technology Lab Private Ltd, Aperio Group LLC, and Keebeck Alpha LP. 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 $26.03.

How big of a company is Sandy Spring Bancorp?

Sandy Spring Bancorp has a market capitalization of $1.22 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 6/3/2020 by MarketBeat.com Staff

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