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

$22.95
+0.22 (+0.97%)
(As of 11:33 AM ET)
Today's Range
$22.68
$22.98
50-Day Range
$20.60
$26.58
52-Week Range
$19.27
$27.90
Volume
25,297 shs
Average Volume
286,997 shs
Market Capitalization
$1.03 billion
P/E Ratio
8.41
Dividend Yield
5.93%
Price Target
$25.20

Sandy Spring Bancorp MarketRank™ Stock Analysis

Analyst Rating
Hold
2.00 Rating Score
Upside/​Downside
10.2% Upside
$25.20 Price Target
Short Interest
Healthy
1.86% of Float Sold Short
Dividend Strength
Strong
Based on Four Factors
Sustainability
N/A
News Sentiment
1.64mentions of Sandy Spring Bancorp in the last 14 days
Based on 4 Articles This Week
Insider Trading
N/A
Proj. Earnings Growth
21.05%
From $2.28 to $2.76 Per Share

Overall MarketRank

New Rank-Based ScoringMarketRank is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.

4.05 out of 5 stars

Finance Sector

285th out of 858 stocks

National Commercial Banks Industry

42nd out of 84 stocks

SASR stock logo

About Sandy Spring Bancorp Stock (NASDAQ:SASR)

Sandy Spring Bancorp, Inc. operates as the bank holding company for Sandy Spring Bank that provides commercial and retail banking, mortgage, private banking, and trust services to individuals and businesses in the United States. It offers financial products and services, including various loan and deposit products. Its loan products include commercial real estate loans, construction loans, and business loans; residential real estate loans; and consumer loans comprising home equity loans and lines, installment loans, and personal lines of credit. The company provides investment management, financial planning, and wealth management services. Sandy Spring Bancorp, Inc. was founded in 1868 and is headquartered in Olney, Maryland.

SASR Stock Price History

SASR Stock News Headlines

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See More Headlines
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Company Calendar

Last Earnings
1/23/2024
Ex-Dividend for 2/21 Dividend
2/13/2024
Dividend Payable
2/21/2024
Today
3/28/2024
Next Earnings (Estimated)
4/18/2024
Fiscal Year End
12/31/2024

Industry, Sector and Symbol

Sector
Finance
Industry
National commercial banks
Sub-Industry
Regional Banks
Current Symbol
NASDAQ:SASR
CUSIP
80036310
Employees
1,112
Year Founded
1868

Price Target and Rating

Average Stock Price Target
$25.20
High Stock Price Target
$30.00
Low Stock Price Target
$22.00
Potential Upside/Downside
+10.9%
Consensus Rating
Hold
Rating Score (0-4)
2.00
Research Coverage
5 Analysts

Profitability

Net Income
$122.84 million
Pretax Margin
23.30%

Debt

Sales & Book Value

Annual Sales
$704.60 million
Cash Flow
$3.63 per share
Book Value
$35.37 per share

Miscellaneous

Free Float
43,502,000
Market Cap
$1.02 billion
Optionable
Optionable
Beta
0.93

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Key Executives

  • Mr. Daniel J. Schrider (Age 60)
    Chairman, President & CEO
    Comp: $1.65M
  • Mr. Philip J. Mantua CPA (Age 66)
    Executive VP & CFO
    Comp: $798.25k
  • Mr. Ramiro Louis Caceres (Age 61)
    Executive VP & Chief Wealth Officer
    Comp: $841.2k
  • Mr. Joseph J. O'Brien Jr. (Age 60)
    Executive VP & Chief Banking Officer of Sandy Spring Bank
    Comp: $1.04M
  • Ms. Ronda M. McDowell (Age 59)
    Executive VP & COO of Sandy Spring Bank
  • Mr. Aaron Michael Kaslow (Age 59)
    Chief Administrative Officer, Executive VP & General Counsel
    Comp: $488.31k
  • Mr. Gary John Fernandes (Age 55)
    Executive VP & Chief Human Resources Officer
  • Mr. John D. Sadowski (Age 61)
    Chief Information Officer & EVP - Sandy Spring Bank
  • Mr. Kevin Slane (Age 64)
    Executive VP & Chief Risk Officer of Sandy Spring Bank
    Comp: $608.05k
  • Ms. Lynne Pulford
    Executive VP of the Consumer Banking Group

SASR Stock Analysis - Frequently Asked Questions

Should I buy or sell Sandy Spring Bancorp stock right now?

5 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Sandy Spring Bancorp in the last twelve months. There are currently 5 hold ratings for the stock. The consensus among Wall Street research 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.

What is Sandy Spring Bancorp's stock price target for 2024?

5 brokers have issued 1 year price objectives for Sandy Spring Bancorp's stock. Their SASR share price targets range from $22.00 to $30.00. On average, they expect the company's share price to reach $25.20 in the next twelve months. This suggests a possible upside of 10.2% from the stock's current price.
View analysts price targets for SASR
or view top-rated stocks among Wall Street analysts.

How have SASR shares performed in 2024?

Sandy Spring Bancorp's stock was trading at $27.24 at the start of the year. Since then, SASR stock has decreased by 16.0% and is now trading at $22.87.
View the best growth stocks for 2024 here
.

When is Sandy Spring Bancorp's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Thursday, April 18th 2024.
View our SASR earnings forecast
.

How were Sandy Spring Bancorp's earnings last quarter?

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

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 Wednesday, January 31st. Shareholders 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 yield of 5.95%. The ex-dividend date of this dividend is Tuesday, February 13th.
Read our dividend analysis for SASR
.

Is Sandy Spring Bancorp a good dividend stock?

Sandy Spring Bancorp (NASDAQ:SASR) pays an annual dividend of $1.36 per share and currently has a dividend yield of 6.24%. 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 49.28% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for SASR.

What ETFs hold Sandy Spring Bancorp's stock?

ETFs with the largest weight of Sandy Spring Bancorp (NASDAQ:SASR) stock in their portfolio include Invesco High Yield Equity Dividend Achievers ETF (PEY) and First Trust Small Cap Value AlphaDEX Fund (FYT).WBI Power Factor High Dividend ETF (WBIY).

What is Daniel J. Schrider's approval rating as Sandy Spring Bancorp's CEO?

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.

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 (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).

Who are Sandy Spring Bancorp's major shareholders?

Sandy Spring Bancorp's stock is owned by a variety of institutional and retail investors. Top institutional investors include Vanguard Group Inc. (5.95%), Vanguard Group Inc. (5.95%), Dimensional Fund Advisors LP (4.99%), Massachusetts Financial Services Co. MA (1.90%), Charles Schwab Investment Management Inc. (1.29%) and North Reef Capital Management LP (1.27%). Insiders that own company stock include Craig A Ruppert and Kenneth C Cook.
View institutional ownership trends
.

How do I buy shares of Sandy Spring Bancorp?

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.
Compare Top Brokerages Here.

This page (NASDAQ:SASR) was last updated on 3/28/2024 by MarketBeat.com Staff

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