Sandy Spring Bancorp, Inc. (SASR)

NASDAQ: SASR · IEX Real-Time Price · USD
23.00
+0.27 (1.19%)
Mar 28, 2024, 12:57 PM EDT - Market open
1.19%
Market Cap 1.02B
Revenue (ttm) 439.19M
Net Income (ttm) 122.84M
Shares Out 44.94M
EPS (ttm) 2.73
PE Ratio 8.41
Forward PE 10.96
Dividend $1.36 (5.92%)
Ex-Dividend Date Feb 13, 2024
Volume 46,364
Open 22.69
Previous Close 22.73
Day's Range 22.54 - 23.02
52-Week Range 19.27 - 27.90
Beta 0.92
Analysts Hold
Price Target 24.60 (+7.05%)
Earnings Date Apr 18, 2024

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 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... [Read more]

Sector Financials
IPO Date Apr 17, 1996
Employees 1,112
Stock Exchange NASDAQ
Ticker Symbol SASR
Full Company Profile

Financial Performance

In 2023, SASR's revenue was $439.19 million, a decrease of -8.44% compared to the previous year's $479.65 million. Earnings were $122.84 million, a decrease of -26.13%.

Financial Statements

Analyst Forecast

According to 6 analysts, the average rating for SASR stock is "Hold." The 12-month stock price forecast is $24.6, which is an increase of 7.05% from the latest price.

Price Target
$24.6
(7.05% upside)
Analyst Consensus: Hold
Stock Forecasts

News

Sandy Spring Bank Senior Vice President Elected President of Mortgage Trade Association

OLNEY, Md., March 11, 2024 (GLOBE NEWSWIRE) -- Sandy Spring Bank is pleased to announce that Malcolm Hollensteiner, Senior Vice President and Head of Residential Home Loan Production has been named th...

17 days ago - GlobeNewsWire

Sandy Spring Bank Donates $50,000 to Local Food Banks to Support Access to Nutritious Food

OLNEY, Md., March 06, 2024 (GLOBE NEWSWIRE) -- Sandy Spring Bank today announced a $50,000 donation to help combat hunger in the Greater Washington Region. Bank leaders presented checks of $25,000 eac...

21 days ago - GlobeNewsWire

Sandy Spring Bancorp Declares Quarterly Dividend

OLNEY, Md., Feb. 01, 2024 (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...

2 months ago - GlobeNewsWire

Sandy Spring Bancorp Reports Fourth Quarter Earnings of $26.1 Million

OLNEY, Md., Jan. 23, 2024 (GLOBE NEWSWIRE) -- Sandy Spring Bancorp, Inc. (Nasdaq-SASR), the parent company of Sandy Spring Bank, reported net income of $26.1 million ($0.58 per diluted common share) f...

2 months ago - GlobeNewsWire

Sandy Spring Bancorp, Inc. to Webcast Fourth Quarter Earnings Conference Call on January 23, 2024

OLNEY, Md., Jan. 09, 2024 (GLOBE NEWSWIRE) -- Sandy Spring Bancorp, Inc. (Nasdaq: SASR) will announce its fourth quarter earnings on Tuesday, January 23, 2024. The company will hold a conference call ...

2 months ago - GlobeNewsWire

Sandy Spring Bank Opens One Loudoun Location

OLNEY, Md., Dec. 05, 2023 (GLOBE NEWSWIRE) -- Sandy Spring Bank has opened a new, full-service branch located at One Loudoun in Ashburn to serve residents and businesses of Northern Virginia.

4 months ago - GlobeNewsWire

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...

5 months ago - GlobeNewsWire

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...

6 months ago - GlobeNewsWire

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

8 months ago - GlobeNewsWire

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...

8 months ago - GlobeNewsWire

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...

9 months ago - GlobeNewsWire

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...

9 months ago - GlobeNewsWire

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...

9 months ago - GlobeNewsWire

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) ...

1 year ago - GlobeNewsWire

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...

1 year ago - GlobeNewsWire

20 banks that are sitting on huge potential securities losses—as was SVB

Silicon Valley Bank has failed following a run on deposits, after its parent company's share price crashed a record 60% on Thursday.

1 year ago - Market Watch

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...

1 year ago - Market Watch

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...

1 year ago - GlobeNewsWire

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%

1 year ago - GlobeNewsWire

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...

1 year ago - GlobeNewsWire

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

1 year ago - GlobeNewsWire

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

1 year ago - GlobeNewsWire

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

1 year ago - GlobeNewsWire

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

1 year ago - GlobeNewsWire

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 ...

1 year ago - GlobeNewsWire