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

Company Overview

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.

Key Stats

• Today's Range: $37.22 to $38.14
• 50-Day Range: $30.44 to $38.51
• 52-Week Range: $19.52 to $39.06
• Volume: 281,530 shs
• Average Volume: 349,086 shs
• Market Capitalization: $1.71 billion
• P/E Ratio: 19.92
• Dividend Yield: 3.59%
• Price Target: $28.25
• Consensus Rating: Hold

Sandy Spring Bancorp Stock Analysis - MarketRank™

Sandy Spring Bancorp scored higher than 59% of companies evaluated by MarketBeat, and ranked 522nd out of 922 stocks in the finance sector. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

Analyst's Opinion

• Score: 1.0 / 5
• Analyst Rating: Hold

Consensus Rating

Sandy Spring Bancorp has received a consensus rating of Hold. The company's average rating score is 2.00, and is based on no buy ratings, 4 hold ratings, and no sell ratings.

Amount of Analyst Coverage

Sandy Spring Bancorp has received no research coverage in the past 90 days.

Earnings and Valuation

• Score: 3.1 / 5
• Proj. Earnings Growth: 39.46%

Earnings Growth

Earnings for Sandy Spring Bancorp are expected to grow by 39.46% in the coming year, from $1.85 to $2.58 per share.

Price to Earnings Ratio vs. the Market

The P/E ratio of Sandy Spring Bancorp is 19.92, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 126.57.

Price to Earnings Ratio vs. Sector

The P/E ratio of Sandy Spring Bancorp is 19.92, which means that it is trading at a less expensive P/E ratio than the Finance sector average P/E ratio of about 45.68.

Price to Book Value per Share Ratio

Sandy Spring Bancorp has a P/B Ratio of 1.05. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

Short Interest

• Score: 3.0 / 5
• Short Interest Level: Healthy

Percentage of Shares Shorted

2.14% of the float of Sandy Spring Bancorp has been sold short.

Short Interest Ratio / Days to Cover

Sandy Spring Bancorp has a short interest ratio ("days to cover") of 2, which is generally considered an acceptable ratio of short interest to trading volume.

Change versus previous month

Short interest in Sandy Spring Bancorp has recently increased by 5.50%, indicating that investor sentiment is decreasing significantly.

Dividend

• Score: 3.3 / 5
• Dividend Strength: Strong

Dividend Leadership

Sandy Spring Bancorp is a leading dividend payer. It pays a dividend yield of 3.67%, putting its dividend yield in the top 25% of dividend-paying stocks.

Dividend Growth

Sandy Spring Bancorp does not have a long track record of dividend growth.

Dividend Coverage

The dividend payout ratio of Sandy Spring Bancorp is 71.58%. This payout ratio is at a healthy, sustainable level, below 75%.

Dividend Sustainability

Based on earnings estimates, Sandy Spring Bancorp will have a dividend payout ratio of 52.71% next year. This indicates that Sandy Spring Bancorp will be able to sustain or increase its dividend.

Sustainability and ESG

• Score: N/A
• Environmental Score: N/A

Percentage of Shares Shorted

2.14% of the float of Sandy Spring Bancorp has been sold short.

Short Interest Ratio / Days to Cover

Sandy Spring Bancorp has a short interest ratio ("days to cover") of 2, which is generally considered an acceptable ratio of short interest to trading volume.

Change versus previous month

Short interest in Sandy Spring Bancorp has recently increased by 5.50%, indicating that investor sentiment is decreasing significantly.

News and Social Media

• Score: 2.4 / 5
• News Sentiment: 1.29

News Sentiment

Sandy Spring Bancorp has a news sentiment score of 1.29. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a higher news sentiment than the 0.81 average news sentiment score of Finance companies.

News Coverage This Week

MarketBeat has tracked 3 news articles for Sandy Spring Bancorp this week, compared to 3 articles on an average week.

MarketBeat Follows

Only 2 people have added Sandy Spring Bancorp to their MarketBeat watchlist in the last 30 days. This is a decrease of -50% compared to the previous 30 days.

Company Ownership

• Score: 1.7 / 5
• Insider Trading: N/A

Insider Buying vs. Insider Selling

In the past three months, Sandy Spring Bancorp insiders have not sold or bought any company stock.

Percentage Held by Insiders

Only 3.40% of the stock of Sandy Spring Bancorp is held by insiders.

Percentage Held by Institutions

66.90% of the stock of Sandy Spring Bancorp is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

SASR Stock Analysis - Frequently Asked Questions

How have SASR shares performed this year?

Sandy Spring Bancorp's stock was trading at $27.24 at the beginning of 2024. Since then, SASR shares have increased by 39.0% and is now trading at $37.85.
View the best growth stocks for 2024 here.

How were Sandy Spring Bancorp's earnings last quarter?

Sandy Spring Bancorp, Inc. (NASDAQ:SASR) issued its quarterly earnings data on Monday, October, 21st. The bank reported $0.40 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.46 by $0.06. The bank earned $189.81 million during the quarter, compared to analysts' expectations of $101.60 million. Sandy Spring Bancorp had a trailing twelve-month return on equity of 5.71% and a net margin of 11.54%.

Who are Sandy Spring Bancorp's major shareholders?

Top institutional investors of Sandy Spring Bancorp include State Street Corp (3.09%), Geode Capital Management LLC (2.38%), Systematic Financial Management LP (2.27%) and Wellington Management Group LLP (1.82%).
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.

What other stocks do shareholders of Sandy Spring Bancorp own?

Based on aggregate information from My MarketBeat watchlists, some other companies that Sandy Spring Bancorp investors own include American Water Works (AWK), Waste Connections (WCN), DiamondRock Hospitality (DRH), AUO (AUOTY), The RMR Group (RMR), Humana (HUM) and Voyager Therapeutics (VYGR).

Company Calendar

• Last Earnings: 10/21/2024
• Ex-Dividend for 11/21 Dividend: 11/14/2024
• Dividend Payable: 11/21/2024
• Today: 11/22/2024
• Fiscal Year End: 12/31/2024
• Next Earnings (Estimated): 1/28/2025

Industry, Sector and Symbol

• Stock Exchange: NASDAQ
• Sector: Finance
• Industry: National commercial banks
• Sub-Industry: Regional Banks
• Current Symbol: NASDAQ:SASR
• CUSIP: 80036310
• CIK: 824410
• Web: www.sandyspringbank.com
• Phone: (301) 774-6400
• Fax: 301-774-8434
• Employees: 1,112
• Year Founded: 1868

Price Target and Rating

• Average Stock Price Target: $28.25
• High Stock Price Target: $33.00
• Low Stock Price Target: $25.00
• Potential Upside/Downside: -25.4%
• Consensus Rating: Hold
• Rating Score (0-4): 2.00
• Research Coverage: 4 Analysts

Profitability

• EPS (Most Recent Fiscal Year): $1.90
• Trailing P/E Ratio: 19.92
• Forward P/E Ratio: 20.46
• P/E Growth: N/A
• Net Income: $122.84 million
• Net Margins: 11.54%
• Pretax Margin: 15.45%
• Return on Equity: 5.71%
• Return on Assets: 0.65%

Debt

• Debt-to-Equity Ratio: 0.50
• Current Ratio: 1.02
• Quick Ratio: 1.02

Sales & Book Value

• Annual Sales: $394.67 million
• Price / Sales: 4.33
• Cash Flow: $3.56 per share
• Price / Cash Flow: 10.64
• Book Value: $36.09 per share
• Price / Book: 1.05

Miscellaneous

• Outstanding Shares: 45,136,000
• Free Float: 43,601,000
• Market Cap: $1.71 billion
• Optionable: Optionable
• Beta: 0.94