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

4 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Sandy Spring Bancorp in the last year. There are currently 4 hold ratings 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.

4 brokers have issued 1 year price objectives for Sandy Spring Bancorp's stock. Their SASR share price targets range from $22.00 to $27.00. On average, they expect the company's share price to reach $24.00 in the next year. This suggests a possible upside of 15.6% 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 $27.24 at the beginning of the year. Since then, SASR shares have decreased by 23.8% and is now trading at $20.76.
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Sandy Spring Bancorp saw a drop in short interest during the month of March. As of March 31st, there was short interest totaling 574,200 shares, a drop of 28.8% from the March 15th total of 806,000 shares. Based on an average trading volume of 302,900 shares, the days-to-cover ratio is presently 1.9 days. Currently, 1.3% of the shares of the stock are sold short.
View Sandy Spring Bancorp's Short Interest.

The company is scheduled to release its next quarterly earnings announcement on Tuesday, April 23rd 2024.
View our SASR earnings forecast.

Sandy Spring Bancorp will be holding an earnings conference call on Tuesday, April 23rd at 2:00 PM Eastern. Interested parties can register for or listen to the call using this link or dial in at 866-813-9403 with passcode "131243".

Sandy Spring Bancorp, Inc. (NASDAQ:SASR) posted its quarterly earnings results on Tuesday, January, 23rd. The bank reported $0.60 earnings per share for the quarter, topping the consensus estimate of $0.51 by $0.09. The bank had revenue of $182.18 million for the quarter, compared to analysts' expectations of $101.53 million. Sandy Spring Bancorp had a net margin of 17.43% and a trailing twelve-month return on equity of 8.66%. During the same period in the prior year, the firm earned $0.79 EPS.

Sandy Spring Bancorp announced a quarterly dividend on Wednesday, January 31st. Stockholders of record on Wednesday, February 14th will be given a dividend of $0.34 per share on Wednesday, February 21st. This represents a $1.36 annualized dividend and a dividend yield of 6.55%. The ex-dividend date is Tuesday, February 13th.
Read our dividend analysis for SASR.

Sandy Spring Bancorp (NASDAQ:SASR) pays an annual dividend of $1.36 per share and currently has a dividend yield of 6.87%. SASR has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. The dividend payout ratio is 49.82%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, SASR will have a dividend payout ratio of 48.40% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for SASR.

ETFs with the largest weight of Sandy Spring Bancorp (NASDAQ:SASR) stock in their portfolio include SPDR SSGA US Small Cap Low Volatility Index ETF (SMLV).First Trust Small Cap Value AlphaDEX Fund (FYT).

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's stock is owned by a variety of retail and institutional investors. Top institutional shareholders include Congress Asset Management Co. MA (0.39%), Denali Advisors LLC (0.30%), Hennion & Walsh Asset Management Inc. (0.03%), SteelPeak Wealth LLC (0.02%) and Atlantic Union Bankshares Corp (0.02%). Insiders that own company stock include Craig A Ruppert and Kenneth C Cook.
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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 Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
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