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

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$30.06 -1.56 (-4.93 %)
(As of 03/22/2019 04:00 PM ET)
Previous Close$31.62
Today's Range$29.85 - $31.42
52-Week Range$29.87 - $43.87
Volume115,474 shs
Average Volume128,130 shs
Market Capitalization$1.07 billion
P/E Ratio10.51
Dividend Yield3.52%
Beta0.79
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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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$3.0456 per share
Book Value$30.06 per share

Profitability

Net Income$100.86 million

Miscellaneous

Employees932
Market Cap$1.07 billion
Next Earnings Date4/18/2019 (Estimated)
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 dividend on an annualized basis and a yield of 3.73%. The ex-dividend date of this dividend 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 results on Thursday, January, 17th. The bank reported $0.72 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.79 by $0.07. The bank had revenue of $80.18 million for the quarter, compared to analysts' expectations of $81.94 million. Sandy Spring Bancorp had a return on equity of 10.00% 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?

5 Wall Street analysts have issued twelve-month target prices for Sandy Spring Bancorp's stock. Their predictions range from $35.00 to $44.00. On average, they anticipate Sandy Spring Bancorp's stock price to reach $38.75 in the next twelve months. This suggests a possible upside of 28.9% from the stock's current price. View Analyst Price Targets for Sandy Spring Bancorp.

What is the consensus analysts' recommendation for 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.

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?

Media headlines about SASR stock have trended positive on Friday, according to InfoTrie Sentiment. InfoTrie identifies negative and positive media coverage by monitoring more than six thousand news and blog sources in real time. The firm ranks coverage of public companies on a scale of negative five to positive five, with scores closest to five being the most favorable. Sandy Spring Bancorp earned a news impact score of 2.2 on InfoTrie's scale. They also assigned press coverage about the bank a news buzz of 9.0 out of 10, indicating that recent media coverage is extremely likely to have an effect on the company's share price in the near future.

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

What other stocks do shareholders of Sandy Spring Bancorp own?

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 a variety of 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 Norges Bank (1.31%). 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, Ronda M Mcdowell 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 bought by a variety of institutional investors in the last quarter, including Norges Bank, Dimensional Fund Advisors LP, Clover Partners L.P., Geode Capital Management LLC, Geode Capital Management LLC, Congress Asset Management Co. MA, BlackRock Inc. and Investment Counselors of Maryland LLC. Company insiders that have bought Sandy Spring Bancorp stock in the last two years include Mark C Michael, 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 $30.06.

How big of a company is Sandy Spring Bancorp?

Sandy Spring Bancorp has a market capitalization of $1.07 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 932 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:  180 (Vote Outperform)
Underperform Votes:  223 (Vote Underperform)
Total Votes:  403
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 3/22/2019 by MarketBeat.com Staff

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