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SASR

Sandy Spring BancorpNasdaqGS:SASR Stock Report

Market Cap

US$2.2b

7D

-0.6%

1Y

90.1%

Updated

16 Oct, 2021

Data

Company Financials +
SASR fundamental analysis
Snowflake Score
Valuation4/6
Future Growth0/6
Past Performance5/6
Financial Health6/6
Dividends5/6

SASR 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.

Sandy Spring Bancorp Competitors

Price History & Performance

Summary of all time highs, changes and price drops for Sandy Spring Bancorp
Historical stock prices
Current Share PriceUS$47.32
52 Week HighUS$23.80
52 Week LowUS$48.26
Beta1.1
1 Month Change11.08%
3 Month Change11.71%
1 Year Change90.08%
3 Year Change27.96%
5 Year Change51.86%
Change since IPO305.60%

Recent News & Updates

Sep 13
Should You Be Adding Sandy Spring Bancorp (NASDAQ:SASR) To Your Watchlist Today?

Should You Be Adding Sandy Spring Bancorp (NASDAQ:SASR) To Your Watchlist Today?

For beginners, it can seem like a good idea (and an exciting prospect) to buy a company that tells a good story to...

Shareholder Returns

SASRUS BanksUS Market
7D-0.6%0.1%2.0%
1Y90.1%74.7%27.6%

Return vs Industry: SASR exceeded the US Banks industry which returned 74.7% over the past year.

Return vs Market: SASR exceeded the US Market which returned 27.6% over the past year.

Price Volatility

Is SASR's price volatile compared to industry and market?
SASR volatility
SASR Beta1.1
Industry Beta1.32
Market Beta1

Stable Share Price: SASR is not significantly more volatile than the rest of US stocks over the past 3 months, typically moving +/- 4% a week.

Volatility Over Time: SASR's weekly volatility (4%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
18681,139Dan Schriderhttps://www.sandyspringbank.com

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. The company 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

How do Sandy Spring Bancorp's earnings and revenue compare to its market cap?
SASR fundamental statistics
Market CapUS$2.23b
Earnings (TTM)US$233.10m
Revenue (TTM)US$563.20m

9.6x

P/E Ratio

1.4x

P/B Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
SASR income statement (TTM)
RevenueUS$563.20m
Cost of RevenueUS$0
Gross ProfitUS$563.20m
ExpensesUS$330.11m
EarningsUS$233.10m

Last Reported Earnings

Jun 30, 2021

Next Earnings Date

Oct 21, 2021

Earnings per share (EPS)4.94
Gross Margin100.00%
Net Profit Margin41.39%
Debt/Equity Ratio24.0%

How did SASR perform over the long term?

See historical performance and comparison

Dividends

2.7%

Current Dividend Yield

25%

Payout Ratio

Valuation

Is Sandy Spring Bancorp undervalued compared to its fair value and its price relative to the market?

28.0%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: SASR ($47.32) is trading below our estimate of fair value ($66.15)

Significantly Below Fair Value: SASR is trading below fair value by more than 20%.


Price To Earnings Ratio

PE vs Industry: SASR is good value based on its PE Ratio (9.6x) compared to the US Banks industry average (11.3x).

PE vs Market: SASR is good value based on its PE Ratio (9.6x) compared to the US market (18.2x).


Price to Earnings Growth Ratio

PEG Ratio: SASR's earnings are forecast to decline next year, so we can't calculate its PEG ratio.


Price to Book Ratio

PB vs Industry: SASR is overvalued based on its PB Ratio (1.4x) compared to the US Banks industry average (1.1x).


Future Growth

How is Sandy Spring Bancorp forecast to perform in the next 1 to 3 years based on estimates from 4 analysts?

-14.1%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: SASR's earnings are forecast to decline over the next 3 years (-14.1% per year).

Earnings vs Market: SASR's earnings are forecast to decline over the next 3 years (-14.1% per year).

High Growth Earnings: SASR's earnings are forecast to decline over the next 3 years.

Revenue vs Market: SASR's revenue (0.6% per year) is forecast to grow slower than the US market (9.9% per year).

High Growth Revenue: SASR's revenue (0.6% 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 (12.3%).


Past Performance

How has Sandy Spring Bancorp performed over the past 5 years?

24.4%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: SASR has high quality earnings.

Growing Profit Margin: SASR's current net profit margins (41.4%) are higher than last year (18.3%).


Past Earnings Growth Analysis

Earnings Trend: SASR's earnings have grown significantly by 24.4% per year over the past 5 years.

Accelerating Growth: SASR's earnings growth over the past year (337.3%) exceeds its 5-year average (24.4% per year).

Earnings vs Industry: SASR earnings growth over the past year (337.3%) exceeded the Banks industry 36%.


Return on Equity

High ROE: SASR's Return on Equity (15%) is considered low.


Financial Health

How is Sandy Spring Bancorp's financial position? (This company is analysed differently as a bank or financial institution)


Financial Position Analysis


Debt to Equity History and Analysis


Balance Sheet


Financial Institutions Analysis

Asset Level: SASR's Assets to Equity ratio (8.3x) is low.

Allowance for Bad Loans: SASR has a sufficient allowance for bad loans (131%).

Low Risk Liabilities: 96% 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 (77%).

Low Risk Deposits: SASR's Loans to Deposits ratio (92%) is appropriate.

Level of Bad Loans: SASR has an appropriate level of bad loans (0.9%).


Dividend

What is Sandy Spring Bancorp current dividend yield, its reliability and sustainability?

2.70%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: SASR's dividend (2.7%) is higher than the bottom 25% of dividend payers in the US market (1.29%).

High Dividend: SASR's dividend (2.7%) is low compared to the top 25% of dividend payers in the US market (3.49%).


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

Dividend Coverage: With its reasonably low payout ratio (25.3%), 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 (33.7% payout ratio).


Next Steps

Management

How experienced are the management team and are they aligned to shareholders interests?

7.9yrs

Average management tenure


CEO

Dan Schrider (57 yo)

12.75yrs

Tenure

US$2,376,999

Compensation

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

Compensation vs Market: Dan's total compensation ($USD2.38M) is below average for companies of similar size in the US market ($USD3.56M).

Compensation vs Earnings: Dan's compensation has increased by more than 20% in the past year.


Leadership Team

Experienced Management: SASR's management team is seasoned and experienced (7.9 years average tenure).


Board Members

Experienced Board: SASR's board of directors are considered experienced (6 years average tenure).


Ownership

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

Ownership Breakdown

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.


Top Shareholders

Company Information

Sandy Spring Bancorp, Inc.'s employee growth, exchange listings and data sources


Key Information

  • Name: Sandy Spring Bancorp, Inc.
  • Ticker: SASR
  • Exchange: NasdaqGS
  • Founded: 1868
  • Industry: Regional Banks
  • Sector: Banks
  • Market Cap: US$2.235b
  • Shares outstanding: 47.23m
  • Website: https://www.sandyspringbank.com

Number of Employees


Location

  • Sandy Spring Bancorp, Inc.
  • 17801 Georgia Avenue
  • Olney
  • Maryland
  • 20832
  • United States

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/10/16 22:26
End of Day Share Price2021/10/15 00:00
Earnings2021/06/30
Annual Earnings2020/12/31


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.