Sandy Spring Bancorp
SASR

$32.54

2.89%

Market Cap: $1.47B

About: Sandy Spring Bancorp Inc is a community-oriented banking organization that conducts a full-service commercial banking business in Central Maryland, Northern Virginia, and Washington D.C. It conducts business in two operating segments. The Community Banking segment, which is the key revenue driver, involves delivering a broad range of financial products and services, including loan and deposit products to individuals and businesses and The Investment Management segment provides financial planning including cash flow analysis, investment review, tax planning, retirement planning, insurance analysis, and estate planning.

Employees: 1,112

Financials National Commercial Banks

0

Funds holding %

of 6,728 funds

–

Analysts bullish %

Fund manager confidence

Based on 2024 Q2 SEC filings by fund managers ($100M+ AUM)

37% more repeat investments, than reductions

Existing positions increased: 78 | Existing positions reduced: 57

12% more capital invested

Capital invested by funds: $694M [Q1] → $779M (+$84.5M) [Q2]

4.33% more ownership

Funds ownership: 66.62% [Q1] → 70.95% (+4.33%) [Q2]

6% less funds holding

Funds holding: 211 [Q1] → 199 (-12) [Q2]

29% less first-time investments, than exits

New positions opened: 29 | Existing positions closed: 41

96% less call options, than puts

Call options by funds: $44K | Put options by funds: $1.03M

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Research analyst outlook

2 Wall Street Analysts provided 1 year price targets over the past 3 months

Low target

$30

8%

downside

Avg. target

$32

3%

downside

High target

$33

1%

upside

2 analyst ratings

0 positive

0%

2 neutral

100%

0 negative

0%

DA Davidson Manuel Navas 67% 1-year accuracy 2 / 3 met price target	1%upside $33	Neutral Maintained	25 Jul 2024
Keefe, Bruyette & Woods Catherine Mealor 50% 1-year accuracy 7 / 14 met price target	8%downside $30	Market Perform Maintained	25 Jul 2024

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Financial journalist opinion

Sandy Spring Bancorp Declares Quarterly Dividend

OLNEY, Md., Aug. 01, 2024 (GLOBE NEWSWIRE) -- Sandy Spring Bancorp, Inc., (Nasdaq- SASR), the parent company of Sandy Spring Bank, announced that the board of directors declared a quarterly common stock dividend of $0.34 per share payable on August 21, 2024, to shareholders of record on August 14, 2024. This dividend is consistent with the previous linked quarter and the third quarter of 2023.

Sandy Spring Bancorp Declares Quarterly Dividend

Sandy Spring Bancorp, Inc. (SASR) Q2 2024 Earnings Call Transcript

Sandy Spring Bancorp, Inc. (NASDAQ:SASR ) Q2 2024 Earnings Conference Call July 23, 2024 2:00 PM ET Company Participants Daniel J. Schrider - President and Chief Executive Officer Aaron Kaslow - General Counsel and Chief Administrative Officer Charlie Cullum - Deputy Chief Financial Officer Conference Call Participants Catherine Mealor - Keefe, Bruyette & Woods Russell Gunther - Stephens Manuel Navas - D.A.

Sandy Spring Bancorp, Inc. (SASR) Q2 2024 Earnings Call Transcript

Zacks Investment Research

Sandy Spring Bancorp (SASR) Q2 Earnings and Revenues Top Estimates

Sandy Spring Bancorp (SASR) came out with quarterly earnings of $0.54 per share, beating the Zacks Consensus Estimate of $0.45 per share. This compares to earnings of $0.60 per share a year ago.

Sandy Spring Bancorp (SASR) Q2 Earnings and Revenues Top Estimates

Sandy Spring Bancorp Reports Second Quarter Earnings of $22.8 Million

OLNEY, Md., July 23, 2024 (GLOBE NEWSWIRE) -- Sandy Spring Bancorp, Inc. (Nasdaq-SASR), the parent company of Sandy Spring Bank, reported net income of $22.8 million ($0.51 per diluted common share) for the quarter ended June 30, 2024, compared to net income of $20.4 million ($0.45 per diluted common share) for the first quarter of 2024 and $24.7 million ($0.55 per diluted common share) for the second quarter of 2023.

Sandy Spring Bancorp Reports Second Quarter Earnings of $22.8 Million

Zacks Investment Research

Is the Options Market Predicting a Spike in Sandy Spring Bancorp (SASR) Stock?

Investors need to pay close attention to Sandy Spring Bancorp (SASR) stock based on the movements in the options market lately.

Is the Options Market Predicting a Spike in Sandy Spring Bancorp (SASR) Stock?

Sandy Spring Bank Celebrates Ronda McDowell's Success as MBA Chair

OLNEY, Md., July 15, 2024 (GLOBE NEWSWIRE) -- Sandy Spring Bancorp, Inc. (Nasdaq-SASR), the parent company of Sandy Spring Bank, today recognized the achievements of Ronda McDowell, Executive Vice President and Chief Operations Officer of Sandy Spring Bank, for her tenure as Chair of the Maryland Bankers Association (MBA). McDowell served in the role from June 4, 2023, until June 4, 2024.

Sandy Spring Bank Celebrates Ronda McDowell's Success as MBA Chair

Zacks Investment Research

Strength Seen in Sandy Spring Bancorp (SASR): Can Its 8.7% Jump Turn into More Strength?

Sandy Spring Bancorp (SASR) saw its shares surge in the last session with trading volume being higher than average. The latest trend in earnings estimate revisions could translate into further price increase in the near term.

Strength Seen in Sandy Spring Bancorp (SASR): Can Its 8.7% Jump Turn into More Strength?

Sandy Spring Bancorp, Inc. to Webcast Second Quarter Earnings Conference Call on July 23, 2024

OLNEY, Md., July 01, 2024 (GLOBE NEWSWIRE) -- Sandy Spring Bancorp, Inc. (Nasdaq: SASR) will announce its second quarter earnings on Tuesday, July 23, 2024. The company will hold a conference call that day at 2:00 p.m. (ET) to discuss results and answer questions. The conference call will be webcast live through the Sandy Spring Bank website. Those who wish to participate in order to ask questions may do so by calling 1- 833-470-1428; please use Access Code: 340278. Those who wish to listen to the call should go to the Investor Relations page of www.sandyspringbank.com and log on 10 minutes ahead of the scheduled start of the call. An internet-based replay will be available on the Investor Relations page of the website until August 6, 2024. A telephone voice replay will also be available during that same time period at 1-866-813-9403. Please use conference number: 846010 to access.

Sandy Spring Bancorp, Inc. to Webcast Second Quarter Earnings Conference Call on July 23, 2024

Sandy Spring Bancorp's Board of Directors Appoints Charles S. Cullum Chief Financial Officer

Philip J. Mantua to Support Leadership Transition Through End of Year Philip J. Mantua to Support Leadership Transition Through End of Year

Sandy Spring Bancorp's Board of Directors Appoints Charles S. Cullum Chief Financial Officer

Sandy Spring Bancorp Declares Quarterly Dividend

OLNEY, Md., April 25, 2024 (GLOBE NEWSWIRE) -- Sandy Spring Bancorp, Inc., (Nasdaq- SASR), the parent company of Sandy Spring Bank, announced that the board of directors declared a quarterly common stock dividend of $0.34 per share payable on May 15, 2024 to shareholders of record on May 8, 2024. This dividend is consistent with the previous linked quarter and the second quarter of 2023.

Sandy Spring Bancorp Declares Quarterly Dividend

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