Sandy Spring Bancorp, Inc. (SASR)

NASDAQ: SASR · IEX Real-Time Price · USD
22.29
+0.56 (2.58%)
Nov 29, 2023, 10:49 AM EST - Market open
2.58%
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]

Sector Financials
IPO Date Apr 17, 1996
Employees 1,134
Stock Exchange NASDAQ
Ticker Symbol SASR
Full Company Profile

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 Statements

Analyst 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.

Price Target
$24.8
(11.26% upside)
Analyst Consensus: Hold
Stock Forecasts

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...

4 weeks 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 weeks 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...

2 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

4 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...

4 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...

4 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...

5 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...

5 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) ...

7 months 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...

8 months ago - GlobeNewsWire

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.

8 months ago - MarketBeat

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.

9 months 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...

9 months 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...

9 months 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%

10 months 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...

11 months 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

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

1 year ago - GlobeNewsWire

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...

1 year ago - GlobeNewsWire

Sandy Spring Bancorp Sells Insurance Business

Bank Will Now Offer Insurance Through Hub International Bank Will Now Offer Insurance Through Hub International

1 year ago - GlobeNewsWire

Sandy Spring Bank Names Aaron Kaslow Chief Administrative Officer

Executive Vice President Assumes Expanded Leadership Role Executive Vice President Assumes Expanded Leadership Role

1 year ago - GlobeNewsWire