NasdaqGS:SASR

Stock Analysis Report

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Executive Summary

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 in central Maryland, Northern Virginia, and Washington D.C. More Details


Snowflake Analysis

Flawless balance sheet 6 star dividend payer.


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

Stable Share Price: SASR has not had significant price volatility in the past 3 months.


Market Performance


7 Day Return

5.5%

SASR

5.1%

US Banks

0.4%

US Market


1 Year Return

-25.0%

SASR

-26.7%

US Banks

17.8%

US Market

Return vs Industry: SASR exceeded the US Banks industry which returned -26.7% over the past year.

Return vs Market: SASR underperformed the US Market which returned 17.8% over the past year.


Shareholder returns

SASRIndustryMarket
7 Day5.5%5.1%0.4%
30 Day16.8%11.9%6.1%
90 Day12.2%5.4%8.9%
1 Year-21.7%-25.0%-24.0%-26.7%20.5%17.8%
3 Year-27.6%-34.7%-15.9%-22.9%42.3%32.9%
5 Year9.8%-6.9%20.3%5.4%84.2%63.4%

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 compared to its fair value and its price relative to the market?

12.5%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: SASR ($26.1) is trading below our estimate of fair value ($29.84)

Significantly Below Fair Value: SASR is trading below fair value, but not by a significant amount.


Price To Earnings Ratio

PE vs Industry: SASR is poor value based on its PE Ratio (15.7x) compared to the US Banks industry average (10.3x).

PE vs Market: SASR is good value based on its PE Ratio (15.7x) compared to the US market (19.1x).


Price to Earnings Growth Ratio

PEG Ratio: SASR is good value based on its PEG Ratio (0.2x)


Price to Book Ratio

PB vs Industry: SASR's PB Ratio (0.9x) is in line with the US Banks industry average.


Next Steps

Future Growth

How is Sandy Spring Bancorp forecast to perform in the next 1 to 3 years based on estimates from 5 analysts?

75.5%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: SASR's forecast earnings growth (75.5% per year) is above the savings rate (2.2%).

Earnings vs Market: SASR's earnings (75.5% per year) are forecast to grow faster than the US market (22.1% per year).

High Growth Earnings: earnings are expected to grow significantly over the next 3 years.

Revenue vs Market: SASR's revenue (4.9% per year) is forecast to grow slower than the US market (9.9% per year).

High Growth Revenue: SASR's revenue (4.9% 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%).


Next Steps

Past Performance

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

17.7%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: SASR has a large one-off loss of $25.5M impacting its September 30 2020 financial results.

Growing Profit Margin: SASR's current net profit margins (21.2%) are lower than last year (34.9%).


Past Earnings Growth Analysis

Earnings Trend: SASR's earnings have grown by 17.7% 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 (-39.2%) over the past year, making it difficult to compare to the Banks industry average (-4%).


Return on Equity

High ROE: SASR's Return on Equity (4.8%) is considered low.


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


Financial Institutions Analysis

Asset Level: SASR's Assets to Equity ratio (8.9x) is low.

Allowance for Bad Loans: SASR has a sufficient allowance for bad loans (228%).

Low Risk Liabilities: 89% 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 (102%) is appropriate.

Level of Bad Loans: SASR has an appropriate level of bad loans (0.7%).


Next Steps

Dividend

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

4.60%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: SASR's dividend (4.6%) is higher than the bottom 25% of dividend payers in the US market (1.63%).

High Dividend: SASR's dividend (4.6%) is in the top 25% of dividend payers in the US market (4.56%)


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 reasonable payout ratio (72%), SASR's dividend payments are covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: SASR's dividends in 3 years are forecast to be well covered by earnings (34.1% payout ratio).


Next Steps

Management

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

6.9yrs

Average management tenure


CEO

Dan Schrider (56 yo)

11.75yrs

Tenure

US$1,929,461

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 ($USD1.93M) is below average for companies of similar size in the US market ($USD4.43M).

Compensation vs Earnings: Dan's compensation has been consistent with company performance over the past year.


Leadership Team

NamePositionTenureCompensationOwnership
Daniel Schrider
President11.75yrsUS$1.93m0.26%
$ 3.2m
Philip Mantua
Executive VP & CFO16yrsUS$898.00k0.14%
$ 1.7m
Aaron Kaslow
Executive VP1.25yrsUS$847.42k0.031%
$ 378.0k
Joseph O'Brien
Executive VP & Chief Banking Officer of Sandy Spring Bank2.83yrsUS$1.01m0.13%
$ 1.6m
Ramiro Caceres
Executive VP of Wealth Management18.75yrsUS$907.74k0.095%
$ 1.2m
Janet Replogle
Vice President & Ass't Corporate Secretaryno datano datano data
Todd Ellis
President of Sandy Spring Insurance7.92yrsno datano data
Mark DuHamel
Treasurer & Division Executive0.83yrno datano data
John Sadowski
Chief Information Officer & EVP - Sandy Spring Bank11.58yrsno data0.046%
$ 560.8k
Ronda McDowell
Chief Credit Officer & Executive VP - Sandy Spring Bank6.92yrsno data0.033%
$ 410.2k
George Cave
Senior VP & Commercial Banking Division Leader of Sandy Spring Bank6.25yrsno datano data
Kevin Slane
Executive VP & Chief Risk Officer of Sandy Spring Bank2.25yrsUS$986.38k0.028%
$ 344.0k

6.9yrs

Average Tenure

57yo

Average Age

Experienced Management: SASR's management team is seasoned and experienced (6.9 years average tenure).


Board Members

NamePositionTenureCompensationOwnership
Daniel Schrider
President11.75yrsUS$1.93m0.26%
$ 3.2m
Mark Micklem
Independent Director1.5yrsUS$48.80k0.026%
$ 313.2k
James Maiwurm
Independent Director5yrsUS$88.85k0.014%
$ 170.5k
Robert Orndorff
Independent Chairman of the Board10.75yrsUS$150.05k0.36%
$ 4.4m
Craig Ruppert
Independent Director18.75yrsUS$95.05k0.19%
$ 2.3m
Ralph Boyd
Independent Director8.17yrsUS$101.05k0.015%
$ 182.0k
Mark Friis
Independent Director15.08yrsUS$93.85k0.094%
$ 1.2m
Pamela Little
Independent Director15.08yrsUS$105.05k0.056%
$ 690.9k
Mona Abutaleb
Independent Director5yrsUS$89.85k0.0094%
$ 115.6k
Mark Michael
Independent Director2.75yrsUS$82.58k0.054%
$ 661.2k
Gary Nakamoto
Independent Director9.08yrsUS$84.15k0.019%
$ 230.3k
Christina O'Meara
Independent Director0.50yrno data0.095%
$ 1.2m

8.6yrs

Average Tenure

63.5yo

Average Age

Experienced Board: SASR's board of directors are considered experienced (8.6 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 been diluted in the past year, with total shares outstanding growing by 32%.


Top Shareholders

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$1.227b
  • Shares outstanding: 47.03m
  • 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 and retail banking, mortgage, private banking, and trust services to individuals and businesse ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/10/26 05:47
End of Day Share Price2020/10/23 00:00
Earnings2020/09/30
Annual Earnings2019/12/31


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.