About Sandy Spring Bancorp (NASDAQ:SASR)
Sandy Spring Bancorp, Inc. is the bank holding company for Sandy Spring Bank (the Bank). The Company operates through three segments: Community Banking, Insurance and Investment Management. The Company's Community Banking segment operates through Sandy Spring Bank and involves delivering a range of financial products and services, including various loan and deposit products to both individuals and businesses. The Insurance segment operates through Sandy Spring Insurance Corporation, a subsidiary of the Bank, and offers annuities as an alternative to traditional deposit accounts. The Investment Management segment operates through West Financial Services, Inc., a subsidiary of the Bank, which provides investment management and financial planning services. As of December 31, 2016, the Bank conducted commercial banking business through 44 community offices and six financial centers located in Central Maryland, Northern Virginia and Washington D.C.
Industry, Sector and Symbol
Industry National commercial banks
Sub-IndustryRegional Banks
SectorFinance
SymbolNASDAQ:SASR
CUSIP80036310
Phone301-774-6400
Debt
Debt-to-Equity Ratio1.36%
Current Ratio1.07%
Quick Ratio1.07%
Price-To-Earnings
Trailing P/E Ratio15.61
Forward P/E Ratio12.82
P/E Growth0.97
Sales & Book Value
Annual Sales$246.04 million
Price / Sales5.78
Cash Flow$3.0045 per share
Price / Cash13.27
Book Value$23.50 per share
Price / Book1.70
Profitability
EPS (Most Recent Fiscal Year)$2.54
Net Income$53.20 million
Net Margins21.63%
Return on Equity10.87%
Return on Assets1.14%
Miscellaneous
Employees754
Outstanding Shares35,640,000
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 Wednesday, January 31st. Investors of record on Wednesday, February 14th will be paid a dividend of $0.26 per share on Wednesday, February 21st. This represents a $1.04 dividend on an annualized basis and a yield of 2.61%. The ex-dividend date of this dividend is Tuesday, February 13th. View Sandy Spring Bancorp's Dividend History.
How were Sandy Spring Bancorp's earnings last quarter?
Sandy Spring Bancorp Inc. (NASDAQ:SASR) released its quarterly earnings data on Thursday, April, 19th. The bank reported $0.80 earnings per share for the quarter, beating analysts' consensus estimates of $0.75 by $0.05. The bank had revenue of $81.03 million for the quarter, compared to the consensus estimate of $78.10 million. Sandy Spring Bancorp had a return on equity of 10.87% and a net margin of 21.63%. The firm's quarterly revenue was up 48.2% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.63 earnings per share. View Sandy Spring Bancorp's Earnings History.
What price target have analysts set for SASR?
5 Wall Street analysts have issued 1 year price objectives for Sandy Spring Bancorp's stock. Their forecasts range from $40.00 to $50.00. On average, they anticipate Sandy Spring Bancorp's stock price to reach $44.75 in the next twelve months. 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. 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)
- 2. 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. " (3/28/2018)
Who are some of Sandy Spring Bancorp's key competitors?
Some companies that are related to Sandy Spring Bancorp include Washington Federal (WAFD), Community Bank, N.A. (CBU), Simmons First National (SFNC), Old National Bancorp (ONB), First Midwest Bancorp (FMBI), FCB Financial (FCB), Hope Bancorp (HOPE), Cadence Bancorp (CADE), CenterState Bank (CSFL), Trustmark (TRMK), First Merchants (FRME), WesBanco (WSBC), First Financial Bank (FFBC), BancFirst (BANF), Northwest Bancshares (NWBI), NBT Bancorp (NBTB), WSFS Financial (WSFS) and Westamerica Bancorporation (WABC).
Who are Sandy Spring Bancorp's key executives?
Sandy Spring Bancorp's management team includes the folowing people:
- Robert L. Orndorff Jr., Independent Chairman of the Board (Age 60)
- Daniel J. Schrider, President, Chief Executive Officer, Director of the Company and the Bank (Age 52)
- Philip J. Mantua CPA, Chief Financial Officer, Executive Vice President of the Company and the Bank (Age 58)
- Ronald E. Kuykendall, Executive Vice President, General Counsel, Secretary of the Company and the Bank (Age 64)
- R. Louis Caceres, Executive Vice President of the Bank (Age 54)
- Ronda M. McDowell, Executive Vice President, Chief Credit Officer of the Bank (Age 52)
- Joseph J. O'Brien Jr., Executive Vice President - Commercial and Retail Banking of the Bank (Age 53)
- John D. Sadowski, Executive Vice President, Chief Information Officer of the Bank (Age 53)
- Mona Abutaleb, Independent Director (Age 54)
- Ralph F. Boyd Jr., Independent Director (Age 60)
Has Sandy Spring Bancorp been receiving favorable news coverage?
News articles about SASR stock have been trending somewhat positive on Friday, according to Accern. Accern identifies negative and positive media coverage by analyzing more than twenty million blog and news sources in real time. Accern ranks coverage of companies on a scale of negative one to one, with scores closest to one being the most favorable. Sandy Spring Bancorp earned a news sentiment score of 0.12 on Accern's scale. They also gave news coverage about the bank an impact score of 45.41 out of 100, indicating that recent media coverage is somewhat unlikely to have an effect on the stock's share price in the immediate future.
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 $39.87.
How big of a company is Sandy Spring Bancorp?
Sandy Spring Bancorp has a market capitalization of $1.37 billion and generates $246.04 million in revenue each year. The bank earns $53.20 million in net income (profit) each year or $2.54 on an earnings per share basis. Sandy Spring Bancorp employs 754 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 bank can be reached via phone at 301-774-6400 or via email at [email protected]
MarketBeat Community Rating for Sandy Spring Bancorp (SASR)
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.
Sandy Spring Bancorp (NASDAQ:SASR) Price Target and Consensus Rating
(How are Consensus Ratings Calculated?) MarketBeat calculates consensus analyst ratings for stocks using the most recent rating from each Wall Street analyst that has rated a stock within the last twelve months. Each analyst's rating is normalized to a standardized rating score of 1 (sell), 2 (hold), 3 (buy) or 4 (strong buy). Analyst consensus ratings scores are calculated using the mean average of the number of normalized sell, hold, buy and strong buy ratings from Wall Street analysts. Each stock's consensus analyst rating is derived from its calculated consensus ratings score (0-1.5 = Sell, 1.5-2.5 = Hold, 2.5-3.5 = Buy, >3.5 = Strong Buy). MarketBeat's consensus price targets are a mean average of the most recent available price targets set by each analyst that has set a price target for the stock in the last twelve months. MarketBeat's consensus ratings and consensus price targets may differ from those calculated by other firms due to differences in methodology and available data.
5 Wall Street analysts have issued ratings and price targets for Sandy Spring Bancorp in the last 12 months. Their average twelve-month price target is $44.75, suggesting that the stock has a possible upside of 12.24%. The high price target for SASR is $50.00 and the low price target for SASR is $40.00. There are currently 3 hold ratings and 2 buy ratings for the stock, resulting in a consensus rating of "Hold."
| Today | 30 Days Ago | 90 Days Ago | 180 Days Ago |
| Consensus Rating: | Hold | Hold | Hold | Hold |
| Consensus Rating Score: | 2.40 | 2.40 | 2.25 | 2.00 |
| Ratings Breakdown: | 0 Sell Rating(s)
3 Hold Rating(s)
2 Buy Rating(s)
0 Strong Buy Rating(s) | 0 Sell Rating(s)
3 Hold Rating(s)
2 Buy Rating(s)
0 Strong Buy Rating(s) | 0 Sell Rating(s)
3 Hold Rating(s)
1 Buy Rating(s)
0 Strong Buy Rating(s) | 0 Sell Rating(s)
2 Hold Rating(s)
0 Buy Rating(s)
0 Strong Buy Rating(s) |
| Consensus Price Target: | $44.75 | $44.75 | $44.6667 | $40.00 |
| Price Target Upside: | 12.24% upside | 15.31% upside | 10.51% upside | 5.30% downside |
Sandy Spring Bancorp (NASDAQ:SASR) Consensus Price Target History
Sandy Spring Bancorp (NASDAQ:SASR) Analyst Ratings History
Show:
(Data available from 4/20/2016 forward)
Sandy Spring Bancorp (NASDAQ:SASR) Dividend Information
Sandy Spring Bancorp pays an annual dividend of $1.04 per share, with a dividend yield of 2.61%. SASR's most recent quarterly dividend payment was Wednesday, February 21. Sandy Spring Bancorp pays out 40.94% of its earnings out as a dividend.
| Most Recent Dividend: | 2/21/2018 |
| Annual Dividend: | $1.04 |
| Dividend Yield: | 2.61% |
| Payout Ratio: | 40.94% (Trailing 12 Months of Earnings)
33.44% (Based on This Year's Estimates)
29.71% (Based on Next Year's Estimates)
|
Sandy Spring Bancorp (NASDAQ:SASR) Dividend History by Quarter
| Announced | Period | Amount | Yield | Ex-Dividend Date | Record Date | Payable Date |
|---|
| 1/31/2018 | Quarterly | $0.26 | 2.68% | 2/13/2018 | 2/14/2018 | 2/21/2018 |
| 10/25/2017 | Quarterly | $0.26 | 2.51% | 11/7/2017 | 11/8/2017 | 11/15/2017 |
| 7/27/2017 | quarterly | $0.26 | 2.6% | 8/7/2017 | 8/9/2017 | 8/16/2017 |
| 4/27/2017 | quarterly | $0.26 | 2.36% | 5/8/2017 | 5/10/2017 | 5/17/2017 |
| 1/26/2017 | quarterly | $0.26 | 2.52% | 2/7/2017 | 2/9/2017 | 2/15/2017 |
| 10/27/2016 | quarterly | $0.26 | 3.31% | 11/7/2016 | 11/9/2016 | 11/16/2016 |
| 7/29/2016 | quarterly | $0.24 | 3.22% | 8/8/2016 | 8/10/2016 | 8/17/2016 |
| 4/29/2016 | quarterly | $0.24 | 3.36% | 5/9/2016 | 5/11/2016 | 5/18/2016 |
| 1/29/2016 | quarterly | $0.24 | 3.61% | 2/8/2016 | 2/10/2016 | 2/17/2016 |
| 10/30/2015 | quarterly | $0.24 | 3.49% | 11/6/2015 | 11/11/2015 | 11/18/2015 |
| 7/30/2015 | quarterly | $0.22 | 3.23% | 8/10/2015 | 8/12/2015 | 8/19/2015 |
| 5/1/2015 | quarterly | $0.22 | 3.38% | 5/11/2015 | 5/13/2015 | 5/20/2015 |
| 1/30/2015 | quarterly | $0.22 | 3.56% | 2/9/2015 | 2/11/2015 | 2/18/2015 |
| 10/30/2014 | quarterly | $0.20 | 3.1% | 11/10/2014 | 11/12/2014 | 11/19/2014 |
| 7/31/2014 | quarterly | $0.20 | 3.44% | 8/11/2014 | 8/13/2014 | 8/20/2014 |
| 5/1/2014 | quarterly | $0.18 | 3.05% | 5/12/2014 | 5/14/2014 | 5/21/2014 |
| 1/30/2014 | quarterly | $0.18 | 2.88% | 2/10/2014 | 2/12/2014 | 2/19/2014 |
| 10/31/2013 | quarterly | $0.18 | 2.94% | 11/8/2013 | 11/13/2013 | 11/20/2013 |
| 8/1/2013 | quarterly | $0.16 | 2.58% | 8/12/2013 | 8/14/2013 | 8/21/2013 |
| 4/25/2013 | quarterly | $0.16 | 3.17% | 5/6/2013 | 5/8/2013 | 5/15/2013 |
| 1/31/2013 | quarterly | $0.14 | 2.77% | 2/11/2013 | 2/13/2013 | 2/20/2013 |
(Data available from 1/1/2013 forward)
Sandy Spring Bancorp (NASDAQ SASR) Insider Trading and Institutional Ownership History
Insider Ownership Percentage: 3.31%
Institutional Ownership Percentage: 73.40%
Sandy Spring Bancorp (NASDAQ SASR) Insider Trading History
| Transaction Date | Insider Name | Title | Buy/Sell | Number of Shares | Average Share Price | Total Transaction | Shares Held After Transaction | Details |
|---|
| 3/5/2018 | Joseph S Bracewell | Director | Sell | 50,000 | $39.21 | $1,960,500.00 | 42,173 |  |
| 2/27/2018 | Joseph S Bracewell | Director | Sell | 20,700 | $39.41 | $815,787.00 | 134,473 | |
| 2/22/2018 | Joseph S Bracewell | Director | Sell | 600 | $39.60 | $23,760.00 | 143,873 | |
| 2/16/2018 | Joseph S Bracewell | Director | Sell | 10,000 | $39.09 | $390,900.00 | 144,473 | |
| 2/5/2018 | Mona Abutaleb Stephenson | Director | Buy | 600 | $37.82 | $22,692.00 | 948 | |
| 1/30/2018 | Ronda M Mcdowell | EVP | Sell | 1,872 | $37.95 | $71,042.40 | 5,090 | |
| 1/25/2018 | Joe Reeder | Director | Sell | 1,538 | $38.63 | $59,412.94 | 154,473 | |
| 1/22/2018 | Shaza L Andersen | Director | Sell | 8,546 | $39.64 | $338,763.44 | 77,344 | |
| 11/8/2016 | R Louis Caceres | Insider | Sell | 14,200 | $31.62 | $449,004.00 | 17,299 | |
| 5/31/2016 | James J Maiwurm | Director | Buy | 258 | $29.04 | $7,492.32 | 1,258 | |
| 5/14/2015 | Ronda M Mcdowell | EVP | Sell | 1,781 | $26.21 | $46,680.01 | | |
| 8/1/2014 | Mark E Friis | Director | Buy | 2,500 | $23.17 | $57,925.00 | | |
| 11/12/2012 | Mei Xu | Director | Buy | 1,000 | $17.86 | $17,860.00 | | |
| 11/1/2012 | Robert E Jr. Henel | Director | Buy | 1,440 | $19.15 | $27,576.00 | | |
(Data available from 1/1/2013 forward)
Sandy Spring Bancorp (NASDAQ SASR) News Headlines
| Source: |
|
| Date | Headline |
|---|
 | Sandy Spring Bancorp's (SASR) Hold Rating Reiterated at Boenning Scattergood
www.americanbankingnews.com - April 20 at 10:25 AM |
 | Sandy Spring Bancorp's (SASR) CEO Daniel Schrider on Q1 2018 Results - Earnings Call Transcript
seekingalpha.com - April 20 at 9:37 AM |
 | Sandy Spring Bancorp, Inc. to Host Earnings Call
finance.yahoo.com - April 19 at 4:40 PM |
| Sandy Spring Bancorp beats by $0.06, beats on net interest income
seekingalpha.com - April 19 at 9:27 AM |
| Sandy Spring Bancorp: 1Q Earnings Snapshot
finance.yahoo.com - April 19 at 9:27 AM |
| Is Sandy Spring Bancorp Inc (NASDAQ:SASR) Undervalued?
finance.yahoo.com - April 19 at 9:27 AM |
| Sandy Spring Bancorp (SASR) Issues Earnings Results
www.americanbankingnews.com - April 19 at 8:47 AM |
| Sandy Spring Bancorp Inc. (SASR) Receives Consensus Recommendation of "Hold" from Brokerages
www.americanbankingnews.com - April 18 at 11:28 AM |
| Sandy Spring Bancorp (SASR) Upgraded by Zacks Investment Research to Buy
www.americanbankingnews.com - April 16 at 2:58 PM |
| Sandy Spring Bancorp (SASR) Set to Announce Earnings on Wednesday
www.americanbankingnews.com - April 11 at 1:18 AM |
| Sandy Spring Bank Announcement Event, April 11, 2018
finance.yahoo.com - April 9 at 4:27 PM |
| Sandy Spring Bancorp (SASR) Stock Rating Upgraded by ValuEngine
www.americanbankingnews.com - April 8 at 10:47 AM |
| $80.21 Million in Sales Expected for Sandy Spring Bancorp Inc. (SASR) This Quarter
www.americanbankingnews.com - April 7 at 5:07 AM |
| Zacks Investment Research Downgrades Sandy Spring Bancorp (SASR) to Sell
www.americanbankingnews.com - April 5 at 4:36 PM |
 | Sandy Spring Bancorp, Inc. to Webcast First Quarter Earnings Conference Call on April 19, 2018
feeds.benzinga.com - April 5 at 7:55 AM |
| Analysts Expect Sandy Spring Bancorp Inc. (SASR) to Post $0.75 Earnings Per Share
www.americanbankingnews.com - April 5 at 3:06 AM |
| Can Sandy Spring Bancorp Inc’s (NASDAQ:SASR) ROE Continue To Surpass The Industry Average?
finance.yahoo.com - March 31 at 9:21 AM |
| BidaskClub Upgrades Sandy Spring Bancorp (SASR) to Hold
www.americanbankingnews.com - March 30 at 10:02 PM |
| Sandy Spring Bancorp (SASR) Now Covered by Gabelli
www.americanbankingnews.com - March 30 at 12:34 PM |
| Sandy Spring Bancorp (SASR) Cut to Sell at BidaskClub
www.americanbankingnews.com - March 29 at 3:36 PM |
| Sandy Spring Bancorp (SASR) Upgraded to Hold at BidaskClub
www.americanbankingnews.com - March 29 at 11:29 AM |
| Zacks Investment Research Upgrades Sandy Spring Bancorp (SASR) to "Hold"
www.americanbankingnews.com - March 28 at 10:51 AM |
| Sandy Spring Bancorp (SASR) Stock Rating Upgraded by BidaskClub
www.americanbankingnews.com - March 24 at 2:26 PM |
| Sandy Spring Bancorp Inc. (SASR) Receives Average Recommendation of "Hold" from Brokerages
www.americanbankingnews.com - March 24 at 12:26 PM |
| Brokerages Expect Sandy Spring Bancorp Inc. (SASR) to Post $0.75 Earnings Per Share
www.americanbankingnews.com - March 19 at 1:18 AM |
| Sandy Spring Bancorp (SASR) Lowered to "Sell" at Zacks Investment Research
www.americanbankingnews.com - March 14 at 10:50 PM |
| Why These Fundamentals Make Sandy Spring Bancorp Inc’s (NASDAQ:SASR) More Attractive
finance.yahoo.com - March 13 at 6:21 PM |
| Sandy Spring Bancorp Inc. (SASR) Director Joseph S. Bracewell Sells 50,000 Shares
www.americanbankingnews.com - March 6 at 6:14 PM |
| Sandy Spring Bancorp: Better Late Than Never
seekingalpha.com - March 5 at 9:39 AM |
| Sandy Spring Bancorp Inc. (SASR) is Banc Funds Co. LLC's 10th Largest Position
www.americanbankingnews.com - March 2 at 4:43 AM |
| $0.75 EPS Expected for Sandy Spring Bancorp Inc. (SASR) This Quarter
www.americanbankingnews.com - March 1 at 11:06 PM |
| Sandy Spring Bancorp Inc. (SASR) Director Sells $815,787.00 in Stock
www.americanbankingnews.com - February 28 at 12:28 PM |
| Sandy Spring Bancorp Inc. (SASR) Receives Average Rating of "Hold" from Brokerages
www.americanbankingnews.com - February 27 at 12:32 PM |
| Citadel Advisors LLC Grows Holdings in Sandy Spring Bancorp Inc. (SASR)
www.americanbankingnews.com - February 27 at 5:48 AM |
| Sandy Spring Bancorp Inc. (SASR) Director Joseph S. Bracewell Sells 600 Shares
www.americanbankingnews.com - February 26 at 7:10 PM |
| American Century Companies Inc. Cuts Stake in Sandy Spring Bancorp Inc. (SASR)
www.americanbankingnews.com - February 26 at 4:26 AM |
| Zacks Investment Research Downgrades Sandy Spring Bancorp (SASR) to Hold
www.americanbankingnews.com - February 25 at 7:42 PM |
| Sandy Spring Bancorp (SASR) Stock Rating Upgraded by Stephens
www.americanbankingnews.com - February 23 at 12:46 AM |
| Bryn Mawr Bank (BMTC) versus Sandy Spring Bancorp (SASR) Critical Survey
www.americanbankingnews.com - February 21 at 5:07 AM |
| Insider Selling: Sandy Spring Bancorp Inc. (SASR) Director Sells 10,000 Shares of Stock
www.americanbankingnews.com - February 20 at 12:16 PM |
| Sandy Spring Bancorp Inc. (SASR) Expected to Post Quarterly Sales of $80.21 Million
www.americanbankingnews.com - February 15 at 5:48 AM |
| Sandy Spring Bancorp Inc. (SASR) Declares $0.26 Quarterly Dividend
www.americanbankingnews.com - February 8 at 10:24 AM |
 | BRIEF-Sandy Spring Bancorp Files For Potential Mixed Shelf Offering
www.reuters.com - February 8 at 8:54 AM |
| Sandy Spring Bancorp Inc (NASDAQ:SASR): Ex-Dividend Is Coming In 6 Days, Should You Buy?
finance.yahoo.com - February 7 at 9:13 AM |
| Insider Buying: Sandy Spring Bancorp Inc. (SASR) Director Buys 600 Shares of Stock
www.americanbankingnews.com - February 5 at 7:16 PM |
| Sandy Spring Bancorp Inc. (SASR) Given Average Recommendation of "Hold" by Brokerages
www.americanbankingnews.com - February 2 at 11:16 AM |
| Sandy Spring Bancorp Inc. (SASR) EVP Ronda M. Mcdowell Sells 1,872 Shares
www.americanbankingnews.com - February 1 at 6:28 PM |
 | Sandy Spring Bancorp (SASR) Declares $0.26 Quarterly Dividend; 2.7% Yield
www.streetinsider.com - February 1 at 4:24 PM |
| Sandy Spring Bancorp (SASR) Stock Rating Lowered by BidaskClub
www.americanbankingnews.com - January 28 at 7:22 AM |
| Short Interest in Sandy Spring Bancorp Inc. (SASR) Decreases By 73.7%
www.americanbankingnews.com - January 27 at 2:10 AM |
Sandy Spring Bancorp (NASDAQ:SASR) SEC Filings
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Sandy Spring Bancorp (NASDAQ:SASR) Income Statement, Balance Sheet and Cash Flow Statement
Sandy Spring Bancorp (NASDAQ SASR) Stock Chart for Friday, April, 20, 2018
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