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Sandy Spring Bancorp

Nasdaq:SASR
Snowflake Description

Flawless balance sheet and good value.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
SASR
Nasdaq
$1B
Market Cap
  1. Home
  2. US
  3. Banks
Company description

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 last earnings update was 51 days ago. More info.


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SASR Share Price and Events
7 Day Returns
0.5%
NasdaqGS:SASR
0.1%
US Banks
2.2%
US Market
1 Year Returns
-19.9%
NasdaqGS:SASR
-7.1%
US Banks
3.8%
US Market
SASR Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Sandy Spring Bancorp (SASR) 0.5% 0% 12% -19.9% 18.1% 35.3%
US Banks 0.1% 1.5% 5.5% -7.1% 51.1% 40.9%
US Market 2.2% 4.2% 4.4% 3.8% 43% 40.9%
1 Year Return vs Industry and Market
  • SASR underperformed the Banks industry which returned -7.1% over the past year.
  • SASR underperformed the Market in United States of America which returned 3.8% over the past year.
Price Volatility
SASR
Industry
5yr Volatility vs Market

SASR Value

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

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current share price of Sandy Spring Bancorp to its discounted cash flow analysis.value.

The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Raw Data

Below are the data sources, inputs and calculation used to determine the intrinsic value for Sandy Spring Bancorp.

NasdaqGS:SASR Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model Excess Returns Model
Stable EPS Median Return on Equity from the past 5 years.
= Stable Book Value * Return on Equity
= $33.34 * 10%
$3.35
Book Value of Equity per Share Weighted future Book Value estimates from 3 analysts. $33.34
Discount Rate (Cost of Equity) See below 8.4%
Perpetual Growth Rate 10-Year US Government Bond Rate 2.7%

An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.

Calculation of Discount Rate/ Cost of Equity for NasdaqGS:SASR
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year US Govt Bond Rate 2.7%
Equity Risk Premium S&P Global 6%
Banks Unlevered Beta Simply Wall St/ S&P Global 0.59
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.592 (1 + (1- 21%) (73.91%))
0.958
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
0.96
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 2.73% + (0.958 * 5.96%)
8.44%

Discounted Cash Flow Calculation for NasdaqGS:SASR using Excess Returns Model Model

The calculations below outline how an intrinsic value for Sandy Spring Bancorp is arrived at using the Excess Return Model. This approach is used for finance firms where free cash flow is difficult to estimate.

In the Excess Return Model the value of a firm can be written as the sum of capital invested currently in the firm and the present value of excess returns that the firm expects to make in the future.

The model is sensitive to the Return on Equity of the company versus the Cost of Equity, how these are calculated is detailed below the main calculation.

Note the calculations below are per share.

See our documentation to learn about this calculation.

NasdaqGS:SASR Value of Excess Returns
Calculation Result
Excess Returns = (Stable Return on equity – Cost of equity) (Book Value of Equity per share)
= (10% – 8.44%) * $33.34)
$0.54
Terminal Value of Excess Returns = Excess Returns / (Cost of Equity - Expected Growth Rate)
= $0.54 / (8.44% - 2.73%)
$9.39
Value of Equity = Book Value per share + Terminal Value of Excess Returns
= $33.34 + $9.39
$42.73
NasdaqGS:SASR Discount to Share Price
Calculation Result
Value per share (USD) From above. $42.73
Current discount Discount to share price of $33.68
= -1 x ($33.68 - $42.73) / $42.73
21.2%

Learn more about our DCF calculations in Simply Wall St’s analysis model .

Current Discount
Amount off the current price Sandy Spring Bancorp is available for.
Intrinsic value
21%
Share price is $33.68 vs Future cash flow value of $42.73
Current Discount Checks
For Sandy Spring Bancorp to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • 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 RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for Sandy Spring Bancorp's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Sandy Spring Bancorp's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
NasdaqGS:SASR PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-03-31) in USD $3.06
NasdaqGS:SASR Share Price ** NasdaqGS (2019-06-21) in USD $33.68
United States of America Banks Industry PE Ratio Median Figure of 600 Publicly-Listed Banks Companies 12.7x
United States of America Market PE Ratio Median Figure of 3,094 Publicly-Listed Companies 17.87x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of Sandy Spring Bancorp.

NasdaqGS:SASR PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= NasdaqGS:SASR Share Price ÷ EPS (both in USD)

= 33.68 ÷ 3.06

10.99x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • 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
Does Sandy Spring Bancorp's expected growth come at a high price?
Raw Data
NasdaqGS:SASR PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 10.99x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 4 Analysts
6.2%per year
United States of America Banks Industry PEG Ratio Median Figure of 272 Publicly-Listed Banks Companies 1.36x
United States of America Market PEG Ratio Median Figure of 2,134 Publicly-Listed Companies 1.54x

*Line of best fit is calculated by linear regression .

NasdaqGS:SASR PEG (Price to Earnings to Growth) Ratio Calculation
Calculation Outcome
PEG Ratio

= PE Ratio ÷ Net Income Annual Growth Rate

= 10.99x ÷ 6.2%

1.79x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Sandy Spring Bancorp is poor value based on expected growth next year.
Price based on value of assets
What value do investors place on Sandy Spring Bancorp's assets?
Raw Data
NasdaqGS:SASR PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-03-31) in USD $30.82
NasdaqGS:SASR Share Price * NasdaqGS (2019-06-21) in USD $33.68
United States of America Banks Industry PB Ratio Median Figure of 603 Publicly-Listed Banks Companies 1.19x
United States of America Market PB Ratio Median Figure of 5,255 Publicly-Listed Companies 1.81x
NasdaqGS:SASR PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= NasdaqGS:SASR Share Price ÷ Book Value per Share (both in USD)

= 33.68 ÷ 30.82

1.09x

* Primary Listing of Sandy Spring Bancorp.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Sandy Spring Bancorp is good value based on assets compared to the US Banks industry average.
X
Value checks
We assess Sandy Spring Bancorp's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the Banks industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Banks industry average (and greater than 0)? (1 check)
  5. Sandy Spring Bancorp has a total score of 4/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

SASR Future Performance

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

The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
6.2%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Sandy Spring Bancorp expected to grow at an attractive rate?
  • Sandy Spring Bancorp's earnings growth is expected to exceed the low risk savings rate of 2.7%.
Growth vs Market Checks
  • Sandy Spring Bancorp's earnings growth is positive but not above the United States of America market average.
  • Sandy Spring Bancorp's revenue growth is expected to exceed the United States of America market average.
Annual Growth Rates Comparison
Raw Data
NasdaqGS:SASR Future Growth Rates Data Sources
Data Point Source Value (per year)
NasdaqGS:SASR Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 4 Analysts 6.2%
NasdaqGS:SASR Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 4 Analysts 7.9%
United States of America Banks Industry Earnings Growth Rate Market Cap Weighted Average 3.9%
United States of America Banks Industry Revenue Growth Rate Market Cap Weighted Average 3.8%
United States of America Market Earnings Growth Rate Market Cap Weighted Average 14%
United States of America Market Revenue Growth Rate Market Cap Weighted Average 7.4%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
NasdaqGS:SASR Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (2 months ago) See Below
Future Estimates Average of up to 4 Analyst Estimates (S&P Global) See Below
All numbers in USD Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
NasdaqGS:SASR Future Estimates Data
Date (Data in USD Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2023-12-31 463 1
2022-12-31 428 1
2021-12-31 397 1
2020-12-31 361 122 4
2019-12-31 339 115 4
NasdaqGS:SASR Past Financials Data
Date (Data in USD Millions) Revenue Cash Flow Net Income *
2019-03-31 318 131 110
2018-12-31 311 148 101
2018-09-30 289 116 84
2018-06-30 263 84 69
2018-03-31 241 79 60
2017-12-31 217 69 53
2017-09-30 211 91 58
2017-06-30 206 87 57
2017-03-31 198 109 53
2016-12-31 194 91 48
2016-09-30 190 63 48
2016-06-30 187 74 45

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Sandy Spring Bancorp's earnings are expected to grow by 6.2% yearly, however this is not considered high growth (20% yearly).
  • Sandy Spring Bancorp's revenue is expected to grow by 7.9% yearly, however this is not considered high growth (20% yearly).
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
NasdaqGS:SASR Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (2 months ago) See Below
Future Estimates Average of up to 4 Analyst Estimates (S&P Global) See Below

All data from Sandy Spring Bancorp Company Filings, last reported 2 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

NasdaqGS:SASR Future Estimates Data
Date (Data in USD Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2023-12-31
2022-12-31
2021-12-31
2020-12-31 3.43 3.50 3.34 4.00
2019-12-31 3.23 3.29 3.16 4.00
NasdaqGS:SASR Past Financials Data
Date (Data in USD Millions) EPS *
2019-03-31 3.06
2018-12-31 2.82
2018-09-30 2.55
2018-06-30 2.32
2018-03-31 2.21
2017-12-31 2.20
2017-09-30 2.41
2017-06-30 2.34
2017-03-31 2.18
2016-12-31 2.00
2016-09-30 1.97
2016-06-30 1.87

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • Unable to establish if Sandy Spring Bancorp will efficiently use shareholders’ funds in the future without estimates of Return on Equity.
X
Future performance checks
We assess Sandy Spring Bancorp's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the United States of America market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the United States of America market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
Sandy Spring Bancorp has a total score of 2/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

SASR Past Performance

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

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare Sandy Spring Bancorp's growth in the last year to its industry (Banks).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • Sandy Spring Bancorp's year on year earnings growth rate has been positive over the past 5 years.
  • Sandy Spring Bancorp's 1-year earnings growth exceeds its 5-year average (83.3% vs 19.6%)
  • Sandy Spring Bancorp's earnings growth has exceeded the US Banks industry average in the past year (83.3% vs 40.7%).
Earnings and Revenue History
Sandy Spring Bancorp's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from Sandy Spring Bancorp Company Filings, last reported 2 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

NasdaqGS:SASR Past Revenue, Cash Flow and Net Income Data
Date (Data in USD Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-03-31 317.71 109.52 138.30
2018-12-31 310.87 100.86 135.21
2018-09-30 289.36 83.57 127.51
2018-06-30 263.13 69.42 119.25
2018-03-31 240.76 59.76 111.49
2017-12-31 217.03 53.21 101.81
2017-09-30 211.31 58.26 101.13
2017-06-30 206.34 56.64 100.31
2017-03-31 198.29 52.55 99.00
2016-12-31 193.85 48.25 99.43
2016-09-30 190.48 47.74 99.38
2016-06-30 186.75 45.26 99.11
2016-03-31 185.04 44.94 99.26
2015-12-31 182.73 45.36 97.80
2015-09-30 180.27 41.70 96.79
2015-06-30 179.67 41.85 95.47
2015-03-31 178.69 38.50 94.25
2014-12-31 176.58 38.20 93.14
2014-09-30 176.29 38.67 92.05
2014-06-30 176.49 39.61 91.54
2014-03-31 178.67 44.79 90.77
2013-12-31 178.51 44.42 91.17
2013-09-30 177.09 44.69 86.17
2013-06-30 175.48 43.59 85.23
2013-03-31 169.18 38.64 85.87
2012-12-31 164.53 36.55 87.06
2012-09-30 160.07 33.93 87.03
2012-06-30 159.46 34.20 85.74

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • Sandy Spring Bancorp has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • Sandy Spring Bancorp used its assets more efficiently than the US Banks industry average last year based on Return on Assets.
  • 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.
X
Past performance checks
We assess Sandy Spring Bancorp's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Banks industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
Sandy Spring Bancorp has a total score of 4/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

SASR Health

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

This company is a bank or financial institution.

Fundamentally a bank's business is based upon borrowing and lending money, for this reason they typically have high levels of debt and we analyse them differently.
Net Worth
Balance sheet
This treemap shows a more detailed breakdown of Sandy Spring Bancorp's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from Sandy Spring Bancorp Company Filings, last reported 2 months ago.

NasdaqGS:SASR Past Debt and Equity Data
Date (Data in USD Millions) Total Equity Total Debt Cash & Short Term Investments
2019-03-31 1,095.85 886.29 133.65
2018-12-31 1,067.90 1,213.91 31.93
2018-09-30 1,042.72 1,046.57 78.58
2018-06-30 1,026.35 1,240.92 294.77
2018-03-31 1,014.61 1,197.96 219.42
2017-12-31 563.82 885.90 75.81
2017-09-30 564.48 779.49 102.18
2017-06-30 554.68 797.31 76.94
2017-03-31 544.26 816.24 101.87
2016-12-31 533.57 946.13 94.64
2016-09-30 536.66 704.21 98.20
2016-06-30 529.48 662.89 93.57
2016-03-31 522.39 746.04 159.40
2015-12-31 524.43 830.46 36.99
2015-09-30 523.59 766.38 96.43
2015-06-30 518.87 698.21 89.64
2015-03-31 521.77 728.20 81.15
2014-12-31 521.75 765.93 64.22
2014-09-30 522.40 665.83 91.96
2014-06-30 517.27 646.49 110.80
2014-03-31 510.39 672.59 116.20
2013-12-31 499.36 705.45 42.84
2013-09-30 493.88 610.03 81.97
2013-06-30 485.64 629.73 109.48
2013-03-31 488.95 490.30 84.59
2012-12-31 483.51 528.27 44.79
2012-09-30 481.81 498.45 79.27
2012-06-30 471.46 505.01 122.83
BANK ANALYSIS

This company is a bank or financial institution, which is analysed accordingly below.

Below we check the amount of loans the bank has, how many of those are bad, and its ability to cover any bad loans.
  • Sandy Spring Bancorp has an acceptable proportion of non-loan assets held.
  • Sandy Spring Bancorp's liabilities are made up of primarily low risk sources of funding.
  • Loans at Sandy Spring Bancorp are broadly funded by customer deposits.
  • Sandy Spring Bancorp's level of assets compared to its equity is low (i.e. an appropriate level of borrowing to fund lending).
  • Sandy Spring Bancorp has a sufficient allowance for bad loans.
  • Sandy Spring Bancorp has an acceptable level of bad loans (less than 2%).
X
Financial health checks
We assess Sandy Spring Bancorp's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. Sandy Spring Bancorp has a total score of 6/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

SASR Dividends

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

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
3.56%
Current annual income from Sandy Spring Bancorp dividends. Estimated to be 3.62% next year.
If you bought $2,000 of Sandy Spring Bancorp shares you are expected to receive $71 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • Sandy Spring Bancorp's pays a higher dividend yield than the bottom 25% of dividend payers in United States of America (1.44%).
  • Sandy Spring Bancorp's dividend is below the markets top 25% of dividend payers in United States of America (3.73%).
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
NasdaqGS:SASR Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 4 Analyst Estimates (S&P Global) See Below
United States of America Banks Industry Average Dividend Yield Market Cap Weighted Average of 479 Stocks 2.9%
United States of America Market Average Dividend Yield Market Cap Weighted Average of 2012 Stocks 2.4%
United States of America Minimum Threshold Dividend Yield 10th Percentile 0.8%
United States of America Bottom 25% Dividend Yield 25th Percentile 1.4%
United States of America Top 25% Dividend Yield 75th Percentile 3.7%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

NasdaqGS:SASR Future Dividends Estimate Data
Date (Data in $) Dividend per Share (annual) Avg. No. Analysts
2023-12-31
2022-12-31
2021-12-31
2020-12-31 1.25 3.00
2019-12-31 1.19 3.00
NasdaqGS:SASR Past Annualized Dividends Data
Date (Data in $) Dividend per share (annual) Avg. Yield (%)
2019-04-25 1.200 3.546
2019-01-31 1.120 3.383
2018-11-01 1.120 3.326
2018-07-26 1.120 2.916
2018-04-26 1.120 2.694
2018-02-01 1.040 2.675
2017-10-26 1.040 2.641
2017-07-27 1.040 2.612
2017-04-27 1.040 2.575
2017-01-26 1.040 2.487
2016-10-27 1.040 2.820
2016-07-28 0.960 3.141
2016-04-28 0.960 3.325
2016-01-28 0.960 3.559
2015-10-29 0.960 3.515
2015-07-30 0.880 3.327
2015-04-30 0.880 3.239
2015-01-29 0.880 3.389
2014-10-30 0.800 3.206
2014-07-31 0.800 3.383
2014-05-01 0.720 3.000
2014-01-30 0.720 2.961
2013-10-31 0.720 2.650
2013-08-01 0.640 2.698
2013-04-25 0.640 2.892
2013-01-31 0.560 2.845
2012-11-01 0.560 2.947
2012-07-26 0.480 2.552
2012-04-26 0.480 2.705
2012-01-26 0.400 2.190
2011-10-27 0.400 2.310
2011-07-28 0.320 2.046
2011-04-29 0.320 1.792
2011-01-27 0.320 1.735
2010-10-29 0.040 0.221
2010-07-30 0.040 0.248
2010-04-29 0.040 0.259
2010-02-25 0.040 0.259
2009-11-19 0.040 0.401
2009-08-27 0.480 3.657

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • 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
What portion of Sandy Spring Bancorp's earnings are paid to the shareholders as a dividend.
  • Dividends paid are well covered by earnings (2.7x 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.
X
Income/ dividend checks
We assess Sandy Spring Bancorp's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 0.8%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can Sandy Spring Bancorp afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Sandy Spring Bancorp has a total score of 3/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

SASR Management

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

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
Dan Schrider
COMPENSATION $1,754,015
AGE 54
TENURE AS CEO 10.4 years
CEO Bio

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 and served as its Chief Revenue Officer and Chairman since December, 2008 of Sandy Spring Bank, Inc. and previously served as the Senior Vice President and Division Manager since 1996. Mr. Schrider is the Chief Credit Officer since January 1, 2003, Chief Revenue Officer and Chairman since December, 2008 of Sandy Spring BanCorp. Inc. Mr. Schrider has overall responsibility for Sandy Spring BanCorp. Inc.'s lending and credit risk management functions. He is the Chief Credit Officer since January 1, 2003 at Sandy Spring National Bank of Maryland and previously served as its Executive Vice President since January 1, 2003. Mr. Schrider began his career in retail banking in 1986. He has been a Director of Sandy Spring Bancorp Inc. since January 1, 2009. He serves as a Director of Sandy Spring Bank, Inc. since January 1, 2009. Mr. Schrider is currently a director of the American Bankers Association, a past chair of the Maryland Bankers Association, a past chair of the Stonier Graduate School of Banking Advisory Board, and a sought-after guest speaker at local and national industry events. Mr. Schrider has been part of Sandy Spring Bank for nearly 30 years, having joined the company in 1989 as a commercial lender. He serves as a Director of the Maryland Title Center LLC, Maryland Bank Services Inc., Montgomery County Chapter of American Red Cross, Maryland Bankers Association and West Financial Services, Inc. Mr. Schrider is a Member of Maryland Industrial Development Finance Authority. He is involved with several communities, civic and professional organizations. Mr. Schrider holds a bachelor’s degree from University of Maryland and holds an M.B.A. in Finance from Mount St. Mary's University and also graduated from the American Bankers Association Stonier Graduate School of Banking and American Bankers Association's Graduate School of Commercial Lending.

CEO Compensation
  • Dan's compensation has been consistent with company performance over the past year, both up more than 20%.
  • Dan's remuneration is lower than average for companies of similar size in United States of America.
Management Team Tenure

Average tenure and age of the Sandy Spring Bancorp management team in years:

10.3
Average Tenure
55
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.
Management Team

Dan Schrider

TITLE
President
COMPENSATION
$2M
AGE
54
TENURE
10.4 yrs

Phil Mantua

TITLE
Executive VP & CFO
COMPENSATION
$827K
AGE
60
TENURE
14.7 yrs

Lou Caceres

TITLE
Executive VP of Wealth Management
COMPENSATION
$825K
AGE
55

Jay O'Brien

TITLE
Executive VP & Chief Banking Officer
COMPENSATION
$945K
AGE
54
TENURE
11.9 yrs

Kevin Slane

TITLE
Executive VP & Chief Risk Officer
COMPENSATION
$986K
AGE
58
TENURE
0.9 yrs

Ronald Kuykendall

TITLE
Executive VP
COMPENSATION
$613K
AGE
65
TENURE
19.4 yrs

Todd Ellis

TITLE
President of Sandy Spring Insurance
TENURE
6.6 yrs

Michael Burke

TITLE
Treasurer & Division Executive
TENURE
0.7 yrs

John Sadowski

TITLE
Chief Information Officer & EVP - Sandy Spring Bank
AGE
55
TENURE
10.3 yrs

Ronda McDowell

TITLE
Chief Credit Officer & Executive VP - Sandy Spring Bank
AGE
53
TENURE
5.6 yrs
Board of Directors Tenure

Average tenure and age of the Sandy Spring Bancorp board of directors in years:

8.7
Average Tenure
63.5
Average Age
  • The tenure for the Sandy Spring Bancorp board of directors is about average.
Board of Directors

Robert Orndorff

TITLE
Chairman of The Board
COMPENSATION
$112K
AGE
62
TENURE
9.4 yrs

Dan Schrider

TITLE
President
COMPENSATION
$2M
AGE
54
TENURE
10.4 yrs

Craig Ruppert

TITLE
Independent Director
COMPENSATION
$71K
AGE
65
TENURE
17.4 yrs

Pamela Little

TITLE
Independent Director
COMPENSATION
$79K
AGE
64
TENURE
13.8 yrs

Bob Henel

TITLE
Independent Director
COMPENSATION
$78K
AGE
70
TENURE
8 yrs

Ralph Boyd

TITLE
Independent Director
COMPENSATION
$77K
AGE
61
TENURE
6.8 yrs

Solomon Graham

TITLE
Director
COMPENSATION
$7K
AGE
75
TENURE
1.9 yrs

David Rippeon

TITLE
Director
COMPENSATION
$5K
AGE
69
TENURE
1.9 yrs

Mark Friis

TITLE
Independent Director
COMPENSATION
$72K
AGE
63
TENURE
13.8 yrs

Gary Nakamoto

TITLE
Independent Director
COMPENSATION
$69K
AGE
54
TENURE
7.8 yrs
Who owns this company?
Recent Insider Trading
  • More shares have been bought than sold by Sandy Spring Bancorp insiders in the past 3 months, but not in substantial volumes.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price ($) Value ($)
30. Apr 19 Buy Joe Reeder Individual 30. Apr 19 30. Apr 19 867 $34.57 $29,972
12. Mar 19 Buy Mark Michael Individual 11. Mar 19 11. Mar 19 370 $33.30 $12,323
23. Jan 19 Buy Mona Stephenson Individual 22. Jan 19 22. Jan 19 630 $31.87 $20,081
22. Jan 19 Buy Mark Friis Individual 22. Jan 19 22. Jan 19 1,000 $31.86 $31,860
22. Jan 19 Buy James Maiwurm Individual 22. Jan 19 22. Jan 19 1,000 $31.69 $31,689
08. Aug 18 Sell Occasions Caterers Inc Company 03. Aug 18 03. Aug 18 -1,735 $39.54 $-68,594
16. Jul 18 Sell Mark Michael Individual 13. Jul 18 13. Jul 18 -1,000 $42.42 $-42,420
27. Jun 18 Sell Mark Michael Individual 25. Jun 18 26. Jun 18 -2,000 $42.03 $-83,860
X
Management checks
We assess Sandy Spring Bancorp's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. Sandy Spring Bancorp has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

SASR News

Simply Wall St News

Is Now The Time To Look At Buying Sandy Spring Bancorp, Inc. (NASDAQ:SASR)?

See our latest analysis for Sandy Spring Bancorp Is Sandy Spring Bancorp still cheap? … Another thing to keep in mind is that Sandy Spring Bancorp’s share price may be quite stable relative to the rest of the market, as indicated by its low beta. … What does the future of Sandy Spring Bancorp look like?

Simply Wall St -

Is Sandy Spring Bancorp, Inc.'s (NASDAQ:SASR) CEO Overpaid Relative To Its Peers?

View our latest analysis for Sandy Spring Bancorp How Does Dan Schrider's Compensation Compare With Similar Sized Companies? … While this analysis focuses on total compensation, it's worth noting the salary is lower, valued at US$694k. … If you think CEO compensation levels are interesting you will probably really like this free visualization of insider trading at Sandy Spring Bancorp.

Simply Wall St -

Do Institutions Own Sandy Spring Bancorp, Inc. (NASDAQ:SASR) Shares?

Every investor in Sandy Spring Bancorp, Inc. … Institutions will often hold stock in bigger companies, and we expect to see insiders owning a noticeable percentage of the smaller ones. … With a market capitalization of US$1.2b, Sandy Spring Bancorp is a decent size, so it is probably on the radar of institutional investors.

Simply Wall St -

Read This Before You Buy Sandy Spring Bancorp, Inc. (NASDAQ:SASR) Because Of Its P/E Ratio

To keep it practical, we'll show how Sandy Spring Bancorp, Inc.'s (NASDAQ:SASR) P/E ratio could help you assess the value on offer. … Looking at earnings over the last twelve months, Sandy Spring Bancorp has a P/E ratio of 11.75. … Price to Earnings Ratio = Price per Share ÷ Earnings per Share (EPS)

Simply Wall St -

Investors Who Bought Sandy Spring Bancorp (NASDAQ:SASR) Shares Five Years Ago Are Now Up 30%

Furthermore, you'd generally like to see the share price rise faster than the market. … One way to examine how market sentiment has changed over time is to look at the interaction between a company's share price and its earnings per share (EPS). … Over half a decade, Sandy Spring Bancorp managed to grow its earnings per share at 9.7% a year.

Simply Wall St -

Three Understated Metrics For Sandy Spring Bancorp, Inc. (NASDAQ:SASR) You Should Know

As a small-cap finance stock with a market capitalisation of US$1.2b, the risk and profitability of Sandy Spring Bancorp, Inc. … Basel III target banking regulations to improve the sector’s ability to absorb shocks resulting from economic stress which may expose financial institutions like Sandy Spring Bancorp to vulnerabilities. … We can gauge Sandy Spring Bancorp’s risk-taking behaviour by analysing three metrics for leverage and liquidity which I will take you through now.

Simply Wall St -

Read This Before Buying Sandy Spring Bancorp, Inc. (NASDAQ:SASR) Shares

So we'll take a look at whether insiders have been buying or selling shares in Sandy Spring Bancorp, Inc. … The Last 12 Months Of Insider Transactions At Sandy Spring Bancorp. … Over the last year we saw more insider selling of Sandy Spring Bancorp shares, than buying.

Simply Wall St -

Why Sandy Spring Bancorp, Inc. (NASDAQ:SASR) May Not Be As Risky Than You Think

Sandy Spring Bancorp, Inc. … Risk associated with repayment is measured by bad debt which is written off as an expense, impacting Sandy Spring Bancorp’s bottom line. … Check out our latest analysis for Sandy Spring Bancorp

Simply Wall St -

Here's What Sandy Spring Bancorp, Inc.'s (NASDAQ:SASR) P/E Ratio Is Telling Us

To keep it practical, we'll show how Sandy Spring Bancorp, Inc.'s (NASDAQ:SASR) P/E ratio could help you assess the value on offer. … Sandy Spring Bancorp has a price to earnings ratio of 12.99, based on the last twelve months. … Price to Earnings Ratio = Price per Share ÷ Earnings per Share (EPS)

Simply Wall St -

Why These Fundamentals Make Sandy Spring Bancorp, Inc.’s (NASDAQ:SASR) More Attractive

Sandy Spring Bancorp, Inc.’s (NASDAQ:SASR) profitability and risk are largely affected by the underlying economic growth for the region it operates in US given it is a small-cap stock with a market capitalisation of US$1.2b. … Since its financial standing can unexpectedly decline in the case of an adverse macro event such as political instability, it is important to understand how prudent the bank is at managing its risk levels. … Today we will be measuring Sandy Spring Bancorp’s financial risk position by looking at three leverage and liquidity metrics.

Simply Wall St -

SASR Company Info

Description

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.

Details
Name: Sandy Spring Bancorp, Inc.
SASR
Exchange: NasdaqGS
Founded: 1868
$1,199,104,594
35,602,868
Website: http://www.sandyspringbank.com
Address: Sandy Spring Bancorp, Inc.
17801 Georgia Avenue,
Olney,
Maryland, 20832,
United States
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
NasdaqGS SASR Common Stock Nasdaq Global Select US USD 26. Dec 1995
Number of employees
Current staff
Staff numbers
910
Sandy Spring Bancorp employees.
Industry
Regional Banks
Banks
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/06/23 23:43
End of day share price update: 2019/06/21 00:00
Last estimates confirmation: 2019/06/20
Last earnings filing: 2019/05/03
Last earnings reported: 2019/03/31
Last annual earnings reported: 2018/12/31


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

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.