NasdaqGS:SASR

Stock Analysis Report

Executive Summary

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.

Snowflake

Fundamentals

Flawless balance sheet and good value.


Similar Companies

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


Market Performance


7 Day Return

-3.2%

NasdaqGS:SASR

-1.8%

US Banks

-1.6%

US Market


1 Year Return

-16.3%

NasdaqGS:SASR

-16.1%

US Banks

-3.0%

US Market

SASR matched the Banks industry (-16.1%) over the past year.

SASR underperformed the Market in United States of America which returned -3% over the past year.


Share holder returns

SASRIndustryMarket
7 Day-3.2%-1.8%-1.6%
30 Day-7.8%-10.1%-5.7%
90 Day-2.8%-5.0%0.2%
1 Year-13.4%-16.3%-13.7%-16.1%-0.8%-3.0%
3 Year14.9%5.1%37.9%28.5%38.1%29.1%
5 Year58.4%35.5%49.3%33.2%50.8%34.1%

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

Valuation

Is Sandy Spring Bancorp undervalued based on future cash flows and its price relative to the stock market?

29%

Discount to future cash flow value


Intrinsic Value Based on Future Cash Flows

Sandy Spring Bancorp's share price is below the future cash flow value, and at a moderate discount (> 20%).

Sandy Spring Bancorp's share price is below the future cash flow value, but not at a substantial discount (< 40%).


Price Based on Earnings

Sandy Spring Bancorp is good value based on earnings compared to the US Banks industry average.

Sandy Spring Bancorp is good value based on earnings compared to the United States of America market.


Price Based on Expected Growth

Sandy Spring Bancorp is poor value based on expected growth next year.


Price Based on Value of Assets

Sandy Spring Bancorp is good value based on assets compared to the US Banks industry average.


Next Steps

Future Growth

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

4.3%

Forecasted annual earnings growth


Earnings and Revenue Growth Estimates


Future Annual Growth Analysis

Sandy Spring Bancorp's revenue is expected to grow by 6.9% yearly, however this is not considered high growth (20% yearly).

Sandy Spring Bancorp's earnings are expected to grow by 4.3% yearly, however this is not considered high growth (20% yearly).

Sandy Spring Bancorp's revenue growth is positive but not above the United States of America market average.

Sandy Spring Bancorp's earnings growth is positive but not above the United States of America market average.

Sandy Spring Bancorp's earnings growth is expected to exceed the low risk savings rate of 2.7%.


Earnings per Share Growth Estimates


Future Return on Equity

Unable to establish if Sandy Spring Bancorp will efficiently use shareholders’ funds in the future without estimates of Return on Equity.


Next Steps

Past Performance

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

22.6%

Historical annual earnings growth


Earnings and Revenue History


Past Earnings Growth Analysis

Sandy Spring Bancorp has delivered over 20% year on year earnings growth in the past 5 years.

Sandy Spring Bancorp's 1-year earnings growth exceeds its 5-year average (63.3% vs 22.6%)

Sandy Spring Bancorp's earnings growth has exceeded the US Banks industry average in the past year (63.3% vs 33.1%).


Return on Equity

Sandy Spring Bancorp has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).


Return on Assets

Sandy Spring Bancorp used its assets more efficiently than the US Banks industry average last year based on Return on Assets.


Return on Capital Employed

Unable to establish if Sandy Spring Bancorp improved its use of capital last year versus 3 years ago (Return on Capital Employed) due to insufficient past data.


Next Steps

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

Information is not available.

Information is not available.


Financial Institutions Analysis

Sandy Spring Bancorp has an acceptable proportion of non-loan assets held.

Sandy Spring Bancorp has a sufficient allowance for bad loans.

Sandy Spring Bancorp's liabilities are made up of primarily low risk sources of funding.

Sandy Spring Bancorp's level of assets compared to its equity is low (i.e. an appropriate level of borrowing to fund lending).

Loans at Sandy Spring Bancorp are broadly funded by customer deposits.

Sandy Spring Bancorp has an acceptable level of bad loans (less than 2%).


Next Steps

Dividend

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

3.74%

Expected Dividend Yield


Dividend Yield and Payments Analysis

Sandy Spring Bancorp's pays a higher dividend yield than the bottom 25% of dividend payers in United States of America (1.52%).

Sandy Spring Bancorp's dividend is below the markets top 25% of dividend payers in United States of America (3.93%).

Dividends per share have been volatile in the past 10 years (annual drop of over 20%).

Dividends per share have increased over the past 10 years.


Current Payout to Shareholders

Dividends paid are well covered by earnings (2.8x coverage).


Future Payout to Shareholders

Insufficient estimate data to determine if a dividend will be paid in 3 years and that it will be sustainable.


Next Steps

Management

What is the CEO of Sandy Spring Bancorp's salary, the management and board of directors tenure and is there insider trading?

6.8yrs

Average management tenure


CEO

Dan Schrider (55yo)

10.6yrs

Tenure

US$1,754,015

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

Dan's remuneration is lower than average for companies of similar size in United States of America.

Dan's compensation has been consistent with company performance over the past year, both up more than 20%.


Management Age and Tenure

6.8yrs

Average Tenure

56yo

Average Age

The average tenure for the Sandy Spring Bancorp management team is over 5 years, this suggests they are a seasoned and experienced team.


Board Age and Tenure

8.9yrs

Average Tenure

64.5yo

Average Age

The tenure for the Sandy Spring Bancorp board of directors is about average.


Insider Trading

No 3 month open market individual insider trading information.


Recent Insider Transactions

BuyUS$29,97230 Apr 19
Joe Reeder
EntityIndividual
Shares867
Max PriceUS$34.57
BuyUS$12,32312 Mar 19
Mark Michael
EntityIndividual
Shares370
Max PriceUS$33.30
BuyUS$20,08123 Jan 19
Mona Stephenson
EntityIndividual
Shares630
Max PriceUS$31.87
BuyUS$31,68922 Jan 19
James Maiwurm
EntityIndividual
Shares1,000
Max PriceUS$31.69
BuyUS$31,86022 Jan 19
Mark Friis
EntityIndividual
Role
Member of the Board of Directors
Independent Director
Shares1,000
Max PriceUS$31.86

Ownership Breakdown


Management Team

  • Lou Caceres (56yo)

    Executive VP of Wealth Management

    • Tenure: 0.0yrs
    • Compensation: US$824.88k
  • Dan Schrider (55yo)

    President

    • Tenure: 10.6yrs
    • Compensation: US$1.75m
  • Phil Mantua (61yo)

    Executive VP & CFO

    • Tenure: 14.8yrs
    • Compensation: US$827.02k
  • Jay O'Brien (55yo)

    Executive VP & Chief Banking Officer

    • Tenure: 12.1yrs
    • Compensation: US$945.14k
  • Aaron Kaslow

    Executive VP

    • Tenure: 0.1yrs
  • John Sadowski (56yo)

    Chief Information Officer & EVP - Sandy Spring Bank

    • Tenure: 10.4yrs
  • Michael Burke

    Treasurer & Division Executive

    • Tenure: 0.8yrs
  • Todd Ellis

    President of Sandy Spring Insurance

    • Tenure: 6.8yrs
  • Ronda McDowell (54yo)

    Chief Credit Officer & Executive VP - Sandy Spring Bank

    • Tenure: 5.8yrs
  • Kevin Slane (59yo)

    Executive VP & Chief Risk Officer

    • Tenure: 1.1yrs
    • Compensation: US$986.38k

Board Members

  • Solomon Graham (76yo)

    Director

    • Tenure: 2.1yrs
    • Compensation: US$6.68k
  • David Rippeon (70yo)

    Director

    • Tenure: 2.1yrs
    • Compensation: US$4.62k
  • Robert Orndorff (63yo)

    Chairman of The Board

    • Tenure: 9.6yrs
    • Compensation: US$112.13k
  • Craig Ruppert (66yo)

    Independent Director

    • Tenure: 17.6yrs
    • Compensation: US$71.33k
  • Dan Schrider (55yo)

    President

    • Tenure: 10.6yrs
    • Compensation: US$1.75m
  • Ralph Boyd (62yo)

    Independent Director

    • Tenure: 7.0yrs
    • Compensation: US$76.93k
  • Mark Friis (64yo)

    Independent Director

    • Tenure: 13.9yrs
    • Compensation: US$71.53k
  • Pamela Little (65yo)

    Independent Director

    • Tenure: 13.9yrs
    • Compensation: US$79.33k
  • Bob Henel (71yo)

    Independent Director

    • Tenure: 8.2yrs
    • Compensation: US$78.33k
  • Gary Nakamoto (55yo)

    Independent Director

    • Tenure: 7.9yrs
    • Compensation: US$68.63k

Company Information

Sandy Spring Bancorp, Inc.'s company bio, 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$1.167b
  • Shares outstanding: 35.62m
  • Website: https://www.sandyspringbank.com

Number of Employees


Location

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

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
SASRNasdaqGS (Nasdaq Global Select)YesCommon StockUSUSDDec 1995

Biography

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 Was ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2019/08/24 23:46
End of Day Share Price2019/08/23 00:00
Earnings2019/06/30
Annual Earnings2018/12/31


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.