Sandy Spring Bancorp, Inc. (SASR)
| Market Cap | 1.00B |
| Revenue (ttm) | 447.63M |
| Net Income (ttm) | 130.72M |
| Shares Out | 44.90M |
| EPS (ttm) | 2.91 |
| PE Ratio | 7.58 |
| Forward PE | 10.63 |
| Dividend | $1.36 (6.10%) |
| Ex-Dividend Date | Nov 7, 2023 |
| Volume | 26,789 |
| Open | 21.78 |
| Previous Close | 21.73 |
| Day's Range | 21.78 - 22.44 |
| 52-Week Range | 19.27 - 36.18 |
| Beta | 0.93 |
| Analysts | Hold |
| Price Target | 24.80 (+11.26%) |
| Earnings Date | Oct 24, 2023 |
About 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 Central Maryland, Northern Virginia, and Washington, D.C. It operates in two segments, Community Banking and Investment Management. The Community Banking segment offers financial products and services, including various loan and deposit products. Its loan products include commercial real estate loans, construction loans, and business loan... [Read more]
Financial Performance
In 2022, SASR's revenue was $479.65 million, a decrease of -16.16% compared to the previous year's $572.13 million. Earnings were $166.30 million, a decrease of -29.27%.
Financial StatementsAnalyst Forecast
According to 5 analysts, the average rating for SASR stock is "Hold." The 12-month stock price forecast is $24.8, which is an increase of 11.26% from the latest price.
News
Sandy Spring Bancorp Declares Quarterly Dividend
OLNEY, Md., Oct. 26, 2023 (GLOBE NEWSWIRE) -- Sandy Spring Bancorp, Inc., (Nasdaq- SASR), the parent company of Sandy Spring Bank, announced that the board of directors declared a quarterly common sto...
Sandy Spring Bancorp Reports Third Quarter Earnings of $20.7 Million
OLNEY, Md., Oct. 24, 2023 (GLOBE NEWSWIRE) -- Sandy Spring Bancorp, Inc. (Nasdaq-SASR), the parent company of Sandy Spring Bank, reported net income of $20.7 million ($0.46 per diluted common share) f...
Sandy Spring Bancorp, Inc. to Webcast Third Quarter Earnings Conference Call on October 24, 2023
OLNEY, Md., Oct. 03, 2023 (GLOBE NEWSWIRE) -- Sandy Spring Bancorp, Inc. (Nasdaq: SASR) will announce its third quarter earnings on Tuesday, October 24, 2023. The company will hold a conference call t...
Sandy Spring Bank Promotes S. Lynne Pulford to Lead New Consumer Banking Group
Appointment augments leadership team, strategies for technology innovation Appointment augments leadership team, strategies for technology innovation
Sandy Spring Bancorp Reports Second Quarter Earnings of $24.7 Million
OLNEY, Md., July 25, 2023 (GLOBE NEWSWIRE) -- Sandy Spring Bancorp, Inc. (Nasdaq-SASR), the parent company of Sandy Spring Bank, reported net income of $24.7 million ($0.55 per diluted common share) f...
Sandy Spring Bancorp, Inc. Announces Transition of LIBOR-based Securities to CME Term SOFR
OLNEY, Md., July 12, 2023 (GLOBE NEWSWIRE) -- Sandy Spring Bancorp, Inc. (Nasdaq – SASR) announced today that CME Term SOFR will be the replacement reference rate for certain fixed-to-floating rate de...
Sandy Spring Bancorp, Inc. to Webcast Second Quarter Earnings Conference Call on July 25, 2023
OLNEY, Md., July 03, 2023 (GLOBE NEWSWIRE) -- Sandy Spring Bancorp, Inc. (Nasdaq: SASR) will announce its second quarter earnings on Tuesday, July 25, 2023. The company will hold a conference call tha...
Sandy Spring Bank Chief Operations Officer Elected Chair of Maryland Bankers Association
OLNEY, Md., June 27, 2023 (GLOBE NEWSWIRE) -- Sandy Spring Bank, a subsidiary of Sandy Spring Bancorp, Inc. (Nasdaq: SASR), announced today that Ronda M. McDowell, Executive Vice President and Chief O...
Sandy Spring Bancorp Reports First Quarter Earnings of $51.3 Million
OLNEY, Md., April 20, 2023 (GLOBE NEWSWIRE) -- Sandy Spring Bancorp, Inc. (Nasdaq-SASR), the parent company of Sandy Spring Bank, reported net income of $51.3 million ($1.14 per diluted common share) ...
Sandy Spring Bancorp, Inc. to Webcast First Quarter Earnings Conference Call on April 20, 2023
OLNEY, Md., April 06, 2023 (GLOBE NEWSWIRE) -- Sandy Spring Bancorp, Inc. (Nasdaq: SASR) will announce its first quarter earnings on Thursday, April 20, 2023. The company will hold a conference call t...
If Safety is Your Concern, Then Take a Look at Sandy Spring Bank
The market has been selling off bank stocks on fears of contagion stemming from the Silicon Valley Bank implosion and Signature Bank insolvency. Regional banks were the victims of panic selling.
10 banks that may face trouble in the wake of the SVB Financial Group debacle
As interest rates have risen, many banks have become more profitable because the spreads between what they earn on loans and investments and what they pay for funding has widened. But there are always...
Noha Galal Joins Sandy Spring Bank as Senior Vice President and Middle Market Team Leader for Corporate and Institutional Banking Division
New position to lead bank strategies supporting the region's critical middle market and corporate sectors New position to lead bank strategies supporting the region's critical middle market and corpor...
Sandy Spring Bancorp Reports Fourth Quarter Earnings of $34.0 Million
Company's Year Over Year Loan Growth Exceeds 14% Company's Year Over Year Loan Growth Exceeds 14%
Sandy Spring Bancorp, Inc. to Webcast Fourth Quarter Earnings Conference Call on January 26, 2023
OLNEY, Md., Jan. 05, 2023 (GLOBE NEWSWIRE) -- Sandy Spring Bancorp, Inc. (Nasdaq: SASR) will announce its fourth quarter earnings on Thursday, January 26, 2023. The company will hold a conference call...
Sandy Spring Bank Eliminates Non-Sufficient Funds Fees, Revises Overdraft Policies for All Personal Deposit Products
Decision part of comprehensive strategy to make banking easier and more affordable Decision part of comprehensive strategy to make banking easier and more affordable
Sandy Spring Bancorp, Inc. President and CEO Daniel J. Schrider to Add Chair Role
Current Chair Robert L. Orndorff to Become Lead Independent Director Current Chair Robert L. Orndorff to Become Lead Independent Director
Sandy Spring Bancorp, Inc. Announces Retirement of Kenneth C. Cook, Commercial Banking President
Cook to Join Board of Directors Cook to Join Board of Directors
Sandy Spring Bancorp Reports Quarterly Earnings of $33.6 Million
Company Achieves 10% Year over Year Organic Growth Company Achieves 10% Year over Year Organic Growth
Sandy Spring Bancorp, Inc. to Webcast Third Quarter Earnings Conference Call on October 20, 2022
OLNEY, Md., Oct. 06, 2022 (GLOBE NEWSWIRE) -- Sandy Spring Bancorp, Inc. (Nasdaq: SASR) will announce its third quarter earnings on Thursday, October 20, 2022. The company will hold a conference call ...
Sandy Spring Bancorp Reports Quarterly Earnings of $54.8 Million
Company Generates 17% Year over Year Organic Loan Growth Company Generates 17% Year over Year Organic Loan Growth
Sandy Spring Bancorp, Inc. to Webcast Second Quarter Earnings Conference Call on July 21, 2022
OLNEY, Md., July 07, 2022 (GLOBE NEWSWIRE) -- Sandy Spring Bancorp, Inc. (Nasdaq: SASR) will announce its second quarter earnings on Thursday, July 21, 2022. The company will hold a conference call th...
Sandy Spring Bancorp Sells Insurance Business
Bank Will Now Offer Insurance Through Hub International Bank Will Now Offer Insurance Through Hub International
Sandy Spring Bank Names Aaron Kaslow Chief Administrative Officer
Executive Vice President Assumes Expanded Leadership Role Executive Vice President Assumes Expanded Leadership Role