Sandy Spring Bancorp, Inc. operates as the bank holding company for Sandy Spring Bank that provides commercial banking services to individuals and businesses in central Maryland, Northern Virginia, and Washington D.C.
Very undervalued with flawless balance sheet and pays a dividend.
Share Price & News
How has Sandy Spring Bancorp's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: SASR's share price has been volatile over the past 3 months.
7 Day Return
1 Year Return
Return vs Industry: SASR underperformed the US Banks industry which returned -27.8% over the past year.
Return vs Market: SASR underperformed the US Market which returned -10.7% over the past year.
Price Volatility Vs. Market
How volatile is Sandy Spring Bancorp's share price compared to the market and industry in the last 5 years?
Simply Wall St News
2 weeks ago | Simply Wall StIndependent Director Craig Ruppert Just Bought Shares In Sandy Spring Bancorp, Inc. (NASDAQ:SASR)
2 weeks ago | Simply Wall StWhat Is Sandy Spring Bancorp's (NASDAQ:SASR) P/E Ratio After Its Share Price Tanked?
4 weeks ago | Simply Wall StTrade Alert: Mark Micklem At Sandy Spring Bancorp, Inc. (NASDAQ:SASR), Has Just Spent US$125k Buying Shares
Is Sandy Spring Bancorp undervalued compared to its fair value and its price relative to the market?
Undervalued compared to fair value
Share Price vs. Fair Value
Below Fair Value: SASR ($22.61) is trading below our estimate of fair value ($32.98)
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 (7x) compared to the Banks industry average (8.9x).
PE vs Market: SASR is good value based on its PE Ratio (7x) compared to the US market (13.1x).
Price to Earnings Growth Ratio
PEG Ratio: SASR is good value based on its PEG Ratio (0.4x)
Price to Book Ratio
PB vs Industry: SASR is good value based on its PB Ratio (0.7x) compared to the US Banks industry average (0.8x).
How is Sandy Spring Bancorp forecast to perform in the next 1 to 3 years based on estimates from 3 analysts?
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: SASR's forecast earnings growth (17.5% per year) is above the savings rate (1.7%).
Earnings vs Market: SASR's earnings (17.5% per year) are forecast to grow faster than the US market (12.3% per year).
High Growth Earnings: SASR's earnings are forecast to grow, but not significantly.
Revenue vs Market: SASR's revenue (10.6% per year) is forecast to grow faster than the US market (7.2% per year).
High Growth Revenue: SASR's revenue (10.6% 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 (9.7%).
How has Sandy Spring Bancorp performed over the past 5 years?
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: SASR has high quality earnings.
Growing Profit Margin: SASR's current net profit margins (35.1%) are higher than last year (32.4%).
Past Earnings Growth Analysis
Earnings Trend: SASR's earnings have grown significantly by 25.2% per year over the past 5 years.
Accelerating Growth: SASR's earnings growth over the past year (15.4%) is below its 5-year average (25.2% per year).
Earnings vs Industry: SASR earnings growth over the past year (15.4%) exceeded the Banks industry 10.9%.
Return on Equity
High ROE: SASR's Return on Equity (10.3%) is considered low.
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
Inventory Level: SASR has a low level of unsold assets or inventory.
Debt Coverage by Assets: SASR's debt is not covered by short term assets (assets are 0.2x debt).
Financial Institutions Analysis
Asset Level: SASR's level of assets compared to its equity is low.
Allowance for Bad Loans: SASR has a sufficient allowance for bad loans.
Low Risk Liabilities: SASR's liabilities are made up of primarily low risk sources of funding.
Loan Level: SASR has an acceptable proportion of non-loan assets held.
Low Risk Deposits: SASR's loans are broadly funded by customer deposits.
Level of Bad Loans: SASR has an appropriate level of bad loans (0.62%)
What is Sandy Spring Bancorp's current dividend yield, its reliability and sustainability?
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: SASR's dividend (5.31%) is higher than the bottom 25% of dividend payers in the US market (1.95%).
High Dividend: SASR's dividend (5.31%) is low compared to the top 25% of dividend payers in the US market (5.37%).
Stability and Growth of Payments
Stable Dividend: SASR's dividend payments have been volatile 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 (36.3%), 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 (33.8% payout ratio).
How experienced are the management team and are they aligned to shareholders interests?
Average management tenure
Dan Schrider (55yo)
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 ($USD1.75M) is below average for companies of similar size in the US market ($USD3.17M).
Compensation vs Earnings: Dan's compensation has been consistent with company performance over the past year.
|Executive VP & CFO||15.42yrs||US$827.02k||0.17% $1.3m|
|Executive VP of Wealth Management||no data||US$824.88k||0.12% $916.7k|
|Executive VP & Chief Banking Officer||12.67yrs||US$945.14k||0.16% $1.3m|
|Executive VP & Chief Risk Officer||1.67yrs||US$986.38k||0.031% $242.1k|
|Vice President & Ass't Corporate Secretary||no data||no data||no data|
|Executive VP||0.67yr||no data||0.037% $295.8k|
|President of Sandy Spring Insurance||7.33yrs||no data||no data|
|Treasurer & Division Executive||0.25yr||no data||no data|
|Chief Information Officer & EVP - Sandy Spring Bank||11yrs||no data||0.063% $499.8k|
Experienced Management: SASR's management team is seasoned and experienced (9.2 years average tenure).
|Independent Director||4.42yrs||US$73.25k||0.016% $123.5k|
|Independent Chairman of the Board||10.17yrs||US$112.13k||0.48% $3.8m|
|Independent Director||18.17yrs||US$71.33k||0.29% $2.3m|
|Independent Director||7.58yrs||US$76.93k||0.020% $156.8k|
|Independent Director||14.5yrs||US$71.53k||0.11% $891.3k|
|Independent Director||14.5yrs||US$79.33k||0.066% $518.2k|
|Independent Director||8.75yrs||US$78.33k||0.035% $273.5k|
|Independent Director||4.42yrs||US$72.25k||0.013% $100.3k|
|Independent Director||8.5yrs||US$68.63k||0.025% $199.4k|
Experienced Board: SASR's board of directors are considered experienced (9.5 years average tenure).
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
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
Sandy Spring Bancorp, Inc.'s company bio, employee growth, exchange listings and data sources
- Name: Sandy Spring Bancorp, Inc.
- Ticker: SASR
- Exchange: NasdaqGS
- Founded: 1868
- Industry: Regional Banks
- Sector: Banks
- Market Cap: US$790.781m
- Shares outstanding: 34.93m
- 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|
Sandy Spring Bancorp, Inc. operates as the bank holding company for Sandy Spring Bank that provides commercial banking services to individuals and businesses in central Maryland, Northern Virginia, and Washington D.C. The company operates in three segments: Community Banking, Insurance, and Investment Management. The Community Banking segment provides financial products and services, including various loan and deposit products to individuals and businesses. This segment accepts deposits, such as demand, money market savings, regular savings, and time deposits. Its loan products include residential real estate loans; commercial real estate loans, commercial construction loans, and other commercial loans; and consumer loans comprising home equity loans and lines, installment loans, and personal lines of credit. The Insurance segment provides general insurance agency services and annuities. The Investment Management segment provides comprehensive investment management and financial planning to individuals, families, small businesses, and associations, including cash flow analysis, investment review, tax and retirement planning, insurance analysis, and estate planning. The company also provides mortgage banking, equipment leasing, personal trust, and wealth management services. As of December 31, 2018, it operated 55 community offices and 6 financial centers. Sandy Spring Bancorp, Inc. was founded in 1868 and is headquartered in Olney, Maryland.
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2020/04/01 00:15|
|End of Day Share Price||2020/03/31 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.