| Snowflake Score | |
|---|---|
| Valuation | 6/6 |
| Future Growth | 0/6 |
| Past Performance | 2/6 |
| Financial Health | 6/6 |
| Dividends | 5/6 |
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.
Rewards
Risk Analysis
No risks detected for SASR from our risk checks.
Sandy Spring Bancorp Competitors
Price History & Performance
| Historical stock prices | |
|---|---|
| Current Share Price | US$40.51 |
| 52 Week High | US$52.04 |
| 52 Week Low | US$36.84 |
| Beta | 1 |
| 1 Month Change | 4.38% |
| 3 Month Change | 5.69% |
| 1 Year Change | -7.17% |
| 3 Year Change | 18.14% |
| 5 Year Change | 4.30% |
| Change since IPO | 247.23% |
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.”
Shareholder Returns
| SASR | US Banks | US Market | |
|---|---|---|---|
| 7D | -1.8% | 0.06% | 1.1% |
| 1Y | -7.2% | -14.7% | -13.0% |
Return vs Industry: SASR exceeded the US Banks industry which returned -14.1% over the past year.
Return vs Market: SASR exceeded the US Market which returned -12.9% over the past year.
Price Volatility
| SASR volatility | |
|---|---|
| SASR Average Weekly Movement | 3.3% |
| Banks Industry Average Movement | 3.7% |
| Market Average Movement | 7.9% |
| 10% most volatile stocks in US Market | 17.1% |
| 10% least volatile stocks in US Market | 3.2% |
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
| Founded | Employees | CEO | Website |
|---|---|---|---|
| 1868 | 1,099 | Dan Schrider | https://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. 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 | |
|---|---|
| Market Cap | US$1.81b |
| Earnings (TTM) | US$200.25m |
| Revenue (TTM) | US$524.01m |
9.0x
P/E Ratio1.2x
P/B RatioIs SASR overvalued?
See Fair Value and valuation analysisEarnings & Revenue
| SASR income statement (TTM) | |
|---|---|
| Revenue | US$524.01m |
| Cost of Revenue | US$0 |
| Gross Profit | US$524.01m |
| Other Expenses | US$323.75m |
| Earnings | US$200.25m |
Last Reported Earnings
Jun 30, 2022
Next Earnings Date
n/a
| Earnings per share (EPS) | 4.49 |
| Gross Margin | 100.00% |
| Net Profit Margin | 38.21% |
| Debt/Equity Ratio | 50.3% |
How did SASR perform over the long term?
See historical performance and comparisonDividends
3.4%
Current Dividend Yield30%
Payout RatioDoes SASR pay a reliable dividends?
See SASR dividend history and benchmarks| Sandy Spring Bancorp dividend dates | |
|---|---|
| Ex Dividend Date | Aug 09 2022 |
| Dividend Pay Date | Aug 17 2022 |
| Days until Ex dividend | 1 day |
| Days until Dividend pay date | 7 days |
Does SASR pay a reliable dividends?
See SASR dividend history and benchmarksValuation
Is SASR undervalued compared to its fair value, analyst forecasts and its price relative to the market?
Valuation Score
6/6Valuation Score 6/6
Price-To-Earnings vs Peers
Price-To-Earnings vs Industry
Price-To-Earnings vs Fair Ratio
Below Fair Value
Significantly Below Fair Value
Analyst Forecast
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? | |
|---|---|
| n/a Ratio | 0x |
| n/a | n/a |
| Market Cap | US$1.81b |
| Key Statistics | |
|---|---|
| Enterprise Value/Revenue | n/a |
| Enterprise Value/EBITDA | n/a |
| PEG Ratio | 6.2x |
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 |
|---|---|---|---|
| Peer Average | 11.8x | ||
TBK Triumph Bancorp | 14.7x | -10.2% | US$1.7b |
EFSC Enterprise Financial Services | 11.1x | 6.4% | US$1.7b |
FBK FB Financial | 13.5x | 16.4% | US$2.0b |
MCHB Mechanics Bank | 7.8x | n/a | US$1.6b |
SASR Sandy Spring Bancorp | 9x | 1.5% | US$1.8b |
Price-To-Earnings vs Peers: SASR is good value based on its Price-To-Earnings Ratio (9x) compared to the peer average (11.8x).
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 (9x) compared to the US Banks industry average (9.8x)
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.
| Fair Ratio | |
|---|---|
| Current PE Ratio | 9x |
| Fair PE Ratio | 11.7x |
Price-To-Earnings vs Fair Ratio: SASR is good value based on its Price-To-Earnings Ratio (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 ($40.51) is trading below our estimate of fair value ($60.54)
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 and analysts are within a statistically confident range of agreement.
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Future Growth
How is Sandy Spring Bancorp forecast to perform in the next 1 to 3 years based on estimates from 3 analysts?
Future Growth Score
0/6Future Growth Score 0/6
Earnings vs Savings Rate
Earnings vs Market
High Growth Earnings
Revenue vs Market
High Growth Revenue
Future ROE
1.5%
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: SASR's forecast earnings growth (1.5% per year) is below the savings rate (1.9%).
Earnings vs Market: SASR's earnings (1.5% per year) are forecast to grow slower than the US market (12.8% 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 (8% 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 (11.8%).
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Past Performance
How has Sandy Spring Bancorp performed over the past 5 years?
Past Performance Score
2/6Past Performance Score 2/6
Quality Earnings
Growing Profit Margin
Earnings Trend
Accelerating Growth
Earnings vs Industry
High ROE
28.4%
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: SASR has high quality earnings.
Growing Profit Margin: SASR's current net profit margins (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 (10.1%).
Return on Equity
High ROE: SASR's Return on Equity (13.6%) is considered low.
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Financial Health
How is Sandy Spring Bancorp's financial position? (This company is analysed differently as a bank or financial institution)
Financial Health Score
6/6Financial Health Score 6/6
Asset Level
Allowance for Bad Loans
Low Risk Liabilities
Loan Level
Low Risk Deposits
Level of Bad Loans
Financial Position Analysis
Debt to Equity History and Analysis
Balance Sheet
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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Dividend
What is Sandy Spring Bancorp current dividend yield, its reliability and sustainability?
Dividend Score
5/6Dividend Score 5/6
Notable Dividend
High Dividend
Stable Dividend
Growing Dividend
Earnings Coverage
Future Dividend Coverage
3.36%
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: SASR's dividend (3.36%) is higher than the bottom 25% of dividend payers in the US market (1.52%).
High Dividend: SASR's dividend (3.36%) is low compared to the top 25% of dividend payers in the US market (4.1%).
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 (32.5% payout ratio).
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Management
How experienced are the management team and are they aligned to shareholders interests?
8.8yrs
Average management tenure
CEO
Dan Schrider (58 yo)
14.42yrs
Tenure
US$2,645,831
Compensation
Mr. Daniel J. Schrider, also known as Dan, has been the President and Chief Executive Officer at Sandy Spring Bancorp Inc. and Sandy Spring Bank, Inc. since March 26, 2008 and January 1, 2009 respectively...
CEO Compensation Analysis
Compensation vs Market: Dan's total compensation ($USD2.65M) is below average for companies of similar size in the US market ($USD5.43M).
Compensation vs Earnings: Dan's compensation has been consistent with company performance over the past year.
Leadership Team
Experienced Management: SASR's management team is seasoned and experienced (8.8 years average tenure).
Board Members
Experienced Board: SASR's board of directors are considered experienced (8.4 years average tenure).
Ownership
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: SASR 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
- Implied Market Cap: US$1.809b
- Shares outstanding: 44.64m
- 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
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2022/08/08 00:00 |
| End of Day Share Price | 2022/08/08 00:00 |
| Earnings | 2022/06/30 |
| Annual Earnings | 2021/12/31 |
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.