SASR Stock 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.
No risks detected for SASR from our risk checks.
Sandy Spring Bancorp Competitors
Price History & Performance
|Historical stock prices|
|Current Share Price||US$35.64|
|52 Week High||US$52.04|
|52 Week Low||US$35.54|
|1 Month Change||-8.38%|
|3 Month Change||-10.27%|
|1 Year Change||-22.22%|
|3 Year Change||7.00%|
|5 Year Change||-15.45%|
|Change since IPO||205.49%|
Recent News & Updates
Sandy Spring Bancorp declares $0.34 dividend
Sandy Spring Bancorp (NASDAQ:SASR) declares $0.34/share quarterly dividend, in line with previous. Forward yield 3.33% Payable Aug. 17; for shareholders of record Aug. 10; ex-div Aug. 9. See SASR Dividend Scorecard, Yield Chart, & Dividend Growth.
Sandy Spring Bancorp Non-GAAP EPS of $0.98 beats by $0.04, revenue of $141.2M beats by $12.55M
Sandy Spring Bancorp press release (NASDAQ:SASR): Q2 Non-GAAP EPS of $0.98 beats by $0.04. Revenue of $141.2M (+5.1% Y/Y) beats by $12.55M. “We have sustained robust commercial loan production for three consecutive quarters. Our teams are focused and strategic, our products and services are competitive, and we are maximizing our in-market presence to win new relationships,” said Daniel J. Schrider, President and CEO of Sandy Spring Bank. “Despite the economic concerns in the marketplace, the businesses we bank continue to grow and our pipeline remains strong. We are committed to supporting local businesses of all sizes and helping the Greater Washington region thrive.”
|SASR||US Banks||US Market|
Return vs Industry: SASR exceeded the US Banks industry which returned -23.8% over the past year.
Return vs Market: SASR underperformed the US Market which returned -20.3% over the past year.
|SASR Average Weekly Movement||3.2%|
|Banks Industry Average Movement||3.4%|
|Market Average Movement||6.9%|
|10% most volatile stocks in US Market||15.7%|
|10% least volatile stocks in US Market||2.8%|
Stable Share Price: SASR is less volatile than 75% of US stocks over the past 3 months, typically moving +/- 3% a week.
Volatility Over Time: SASR's weekly volatility (3%) has been stable over the past year.
About the Company
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. It operates through three segments: Community Banking, Insurance, and Investment Management. The Community Banking segment offers financial products and services, including various loan and deposit products.
Sandy Spring Bancorp Fundamentals Summary
|SASR fundamental statistics|
Is SASR overvalued?See Fair Value and valuation analysis
Earnings & Revenue
|SASR income statement (TTM)|
|Cost of Revenue||US$0|
Last Reported Earnings
Jun 30, 2022
Next Earnings Date
|Earnings per share (EPS)||4.49|
|Net Profit Margin||38.21%|
How did SASR perform over the long term?See historical performance and comparison
3.8%Current Dividend Yield
Is SASR undervalued compared to its fair value, analyst forecasts and its price relative to the market?
Valuation Score 5/6
Price-To-Earnings vs Peers
Price-To-Earnings vs Industry
Price-To-Earnings vs Fair Ratio
Below Fair Value
Significantly Below Fair Value
Key Valuation Metric
Which metric is best to use when looking at relative valuation for SASR?
Other financial metrics that can be useful for relative valuation.
|What is SASR's n/a Ratio?|
Price to Earnings Ratio vs Peers
How does SASR's PE Ratio compare to its peers?
|SASR PE Ratio vs Peers|
|Company||PE||Estimated Growth||Market Cap|
EFSC Enterprise Financial Services
FBK FB Financial
MCHB Mechanics Bank
TBK Triumph Bancorp
SASR Sandy Spring Bancorp
Price-To-Earnings vs Peers: SASR is good value based on its Price-To-Earnings Ratio (7.9x) compared to the peer average (10.5x).
Price to Earnings Ratio vs Industry
How does SASR's PE Ratio compare vs other companies in the US Banks Industry?
Price-To-Earnings vs Industry: SASR is good value based on its Price-To-Earnings Ratio (7.9x) compared to the US Banks industry average (9.5x)
Price to Earnings Ratio vs Fair Ratio
What is SASR's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.
|Current PE Ratio||7.9x|
|Fair PE Ratio||11.7x|
Price-To-Earnings vs Fair Ratio: SASR is good value based on its Price-To-Earnings Ratio (7.9x) compared to the estimated Fair Price-To-Earnings Ratio (11.7x).
Share Price vs Fair Value
What is the Fair Price of SASR when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.
Below Fair Value: SASR ($35.64) is trading below our estimate of fair value ($60.7)
Significantly Below Fair Value: SASR is trading below fair value by more than 20%.
Analyst Price Targets
What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?
Analyst Forecast: Target price is more than 20% higher than the current share price, but there are not enough analysts covering the stock to determine statistical confidence in agreement.
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How is Sandy Spring Bancorp forecast to perform in the next 1 to 3 years based on estimates from 2 analysts?
Future Growth Score0/6
Future Growth Score 0/6
Earnings vs Savings Rate
Earnings vs Market
High Growth Earnings
Revenue vs Market
High Growth Revenue
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: SASR's forecast earnings growth (1.9% per year) is below the savings rate (1.9%).
Earnings vs Market: SASR's earnings (1.9% per year) are forecast to grow slower than the US market (14.8% per year).
High Growth Earnings: SASR's earnings are forecast to grow, but not significantly.
Revenue vs Market: SASR's revenue (5.7% per year) is forecast to grow slower than the US market (7.7% per year).
High Growth Revenue: SASR's revenue (5.7% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: SASR's Return on Equity is forecast to be low in 3 years time (11.9%).
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How has Sandy Spring Bancorp performed over the past 5 years?
Past Performance Score2/6
Past Performance Score 2/6
Growing Profit Margin
Earnings vs Industry
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: SASR has high quality earnings.
Growing Profit Margin: SASR's current net profit margins (38.2%) are lower than last year (41.2%).
Past Earnings Growth Analysis
Earnings Trend: SASR's earnings have grown significantly by 28.4% per year over the past 5 years.
Accelerating Growth: SASR's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.
Earnings vs Industry: SASR had negative earnings growth (-13.8%) over the past year, making it difficult to compare to the Banks industry average (8.7%).
Return on Equity
High ROE: SASR's Return on Equity (13.6%) is considered low.
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How is Sandy Spring Bancorp's financial position? (This company is analysed differently as a bank or financial institution)
Financial Health Score6/6
Financial Health Score 6/6
Allowance for Bad Loans
Low Risk Liabilities
Low Risk Deposits
Level of Bad Loans
Financial Position Analysis
Debt to Equity History and Analysis
Financial Institutions Analysis
Asset Level: SASR's Assets to Equity ratio (9x) is low.
Allowance for Bad Loans: SASR has a sufficient allowance for bad loans (261%).
Low Risk Liabilities: 93% of SASR's liabilities are made up of primarily low risk sources of funding.
Loan Level: SASR has an appropriate level of Loans to Assets ratio (80%).
Low Risk Deposits: SASR's Loans to Deposits ratio (97%) is appropriate.
Level of Bad Loans: SASR has an appropriate level of bad loans (0.4%).
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What is Sandy Spring Bancorp current dividend yield, its reliability and sustainability?
Dividend Score 5/6
Future Dividend Coverage
Current Dividend Yield
Dividend Yield vs Market
|Sandy Spring Bancorp Dividend Yield vs Market|
|Company (Sandy Spring Bancorp)||3.8%|
|Market Bottom 25% (US)||1.7%|
|Market Top 25% (US)||4.7%|
|Industry Average (Banks)||3.4%|
|Analyst forecast in 3 Years (Sandy Spring Bancorp)||3.9%|
Notable Dividend: SASR's dividend (3.82%) is higher than the bottom 25% of dividend payers in the US market (1.64%).
High Dividend: SASR's dividend (3.82%) is low compared to the top 25% of dividend payers in the US market (4.61%).
Stability and Growth of Payments
Stable Dividend: SASR's dividends per share have been stable in the past 10 years.
Growing Dividend: SASR's dividend payments have increased over the past 10 years.
Current Payout to Shareholders
Earnings Coverage: With its reasonably low payout ratio (30.1%), SASR's dividend payments are well covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: SASR's dividends in 3 years are forecast to be well covered by earnings (32.2% payout ratio).
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How experienced are the management team and are they aligned to shareholders interests?
Average management tenure
Dan Schrider (58 yo)
Mr. Daniel J. Schrider, also known as Dan, has been the President and Chief Executive Officer at Sandy Spring Bancorp Inc. and Sandy Spring Bank, Inc. since March 26, 2008 and January 1, 2009 respectively...
CEO Compensation Analysis
|Dan Schrider's Compensation vs Sandy Spring Bancorp Earnings|
|Date||Total Comp.||Salary||Company Earnings|
|Jun 30 2022||n/a||n/a|
|Mar 31 2022||n/a||n/a|
|Dec 31 2021||US$3m||US$842k|
|Sep 30 2021||n/a||n/a|
|Jun 30 2021||n/a||n/a|
|Mar 31 2021||n/a||n/a|
|Dec 31 2020||US$2m||US$805k|
|Sep 30 2020||n/a||n/a|
|Jun 30 2020||n/a||n/a|
|Mar 31 2020||n/a||n/a|
|Dec 31 2019||US$2m||US$743k|
|Sep 30 2019||n/a||n/a|
|Jun 30 2019||n/a||n/a|
|Mar 31 2019||n/a||n/a|
|Dec 31 2018||US$2m||US$694k|
|Sep 30 2018||n/a||n/a|
|Jun 30 2018||n/a||n/a|
|Mar 31 2018||n/a||n/a|
|Dec 31 2017||US$1m||US$605k|
|Sep 30 2017||n/a||n/a|
|Jun 30 2017||n/a||n/a|
|Mar 31 2017||n/a||n/a|
|Dec 31 2016||US$1m||US$595k|
|Sep 30 2016||n/a||n/a|
|Jun 30 2016||n/a||n/a|
|Mar 31 2016||n/a||n/a|
|Dec 31 2015||US$1m||US$601k|
Compensation vs Market: Dan's total compensation ($USD2.65M) is below average for companies of similar size in the US market ($USD5.56M).
Compensation vs Earnings: Dan's compensation has been consistent with company performance over the past year.
Experienced Management: SASR's management team is seasoned and experienced (8.8 years average tenure).
Experienced Board: SASR's board of directors are considered experienced (8.5 years average tenure).
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.
Recent Insider Transactions
|16 May 22||BuyUS$96,085||Craig Ruppert||Individual||2,500||US$38.43|
|Owner Type||Number of Shares||Ownership Percentage|
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
|Ownership||Name||Shares||Current Value||Change %||Portfolio %|
Sandy Spring Bancorp, Inc.'s employee growth, exchange listings and data sources
- Name: Sandy Spring Bancorp, Inc.
- Ticker: SASR
- Exchange: NasdaqGS
- Founded: 1868
- Industry: Regional Banks
- Sector: Banks
- Implied Market Cap: US$1.591b
- Shares outstanding: 44.64m
- Website: https://www.sandyspringbank.com
Number of Employees
- Sandy Spring Bancorp, Inc.
- 17801 Georgia Avenue
- United States
|Ticker||Exchange||Primary Security||Security Type||Country||Currency||Listed on|
|SASR||NasdaqGS (Nasdaq Global Select)||Yes||Common Stock||US||USD||Dec 1995|
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2022/09/29 00:00|
|End of Day Share Price||2022/09/29 00:00|
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.