Sandy Spring Bancorp - SASR Stock Forecast, Price & News

3 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Sandy Spring Bancorp in the last twelve months. There are currently 2 hold ratings and 1 buy rating for the stock. The consensus among Wall Street 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.

3 Wall Street analysts have issued 12-month price objectives for Sandy Spring Bancorp's shares. Their SASR share price forecasts range from $35.00 to $39.00. On average, they predict the company's stock price to reach $37.67 in the next year. This suggests a possible upside of 40.7% from the stock's current price.
View analysts price targets for SASR or view top-rated stocks among Wall Street analysts.

Sandy Spring Bancorp's stock was trading at $35.23 on January 1st, 2023. Since then, SASR shares have decreased by 24.0% and is now trading at $26.77.
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The company is scheduled to release its next quarterly earnings announcement on Thursday, April 20th 2023.
View our SASR earnings forecast.

Sandy Spring Bancorp, Inc. (NASDAQ:SASR) released its quarterly earnings data on Thursday, January, 26th. The bank reported $0.79 earnings per share for the quarter, missing the consensus estimate of $0.93 by $0.14. The bank earned $159.60 million during the quarter, compared to the consensus estimate of $128.43 million. Sandy Spring Bancorp had a net margin of 28.54% and a trailing twelve-month return on equity of 10.65%. During the same period in the previous year, the company posted $1.05 EPS.

Sandy Spring Bancorp declared a quarterly dividend on Thursday, January 26th. Stockholders of record on Wednesday, February 8th will be paid a dividend of $0.34 per share on Wednesday, February 15th. This represents a $1.36 dividend on an annualized basis and a yield of 5.08%. The ex-dividend date of this dividend is Tuesday, February 7th.
Read our dividend analysis for SASR.

ETFs with the largest weight of Sandy Spring Bancorp (NASDAQ:SASR) stock in their portfolio include Invesco High Yield Equity Dividend Achievers ETF (PEY), VictoryShares US Small Cap High Div Volatility Wtd ETF (CSB), ProShares Russell 2000 Dividend Growers ETF (SMDV), First Trust NASDAQ ABA Community Bank Index Fund (QABA), First Trust Small Cap Value AlphaDEX Fund (FYT), SPDR S&P Regional Banking ETF (KRE), SPDR S&P Bank ETF (KBE) and WisdomTree U.S. SmallCap Fund (EES).

Sandy Spring Bancorp (NASDAQ:SASR) pays an annual dividend of $1.36 per share and currently has a dividend yield of 5.04%. 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 36.96%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, SASR will have a dividend payout ratio of 34.09% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for SASR.

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.

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).

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

Sandy Spring Bancorp's stock is owned by a number of retail and institutional investors. Top institutional shareholders include Dimensional Fund Advisors LP (5.62%), T. Rowe Price Investment Management Inc. (2.83%), Macquarie Group Ltd. (2.75%), Geode Capital Management LLC (1.90%), Alliancebernstein L.P. (1.79%) and Systematic Financial Management LP (1.65%). Insiders that own company stock include Daniel J Schrider, James J Maiwurm, Kenneth C Cook, Mark C Michael and Pamela A Little.
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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.
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One share of SASR stock can currently be purchased for approximately $26.77.

Sandy Spring Bancorp (NASDAQ:SASR) has a market capitalization of $1.20 billion and generates $495.26 million in revenue each year. The bank earns $166.30 million in net income (profit) each year or $3.68 on an earnings per share basis.

The company employs 1,169 workers across the globe.

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.