SASR Sandy Spring Bancorp Inc Stock Price & News

Certain Zacks Rank stocks for which no month-end price was available, pricing information was not collected, or for certain other reasons have been excluded from these return calculations. 3 Wall Street research analysts have issued “buy,” “hold,” and “sell” ratings for Sandy Spring Bancorp in the last twelve months. The consensus among Wall Street research analysts is that investors should “hold” SASR shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in SASR, but not buy additional shares or sell existing shares. High-growth stocks tend to represent the technology, healthcare, and communications sectors.

Sandy Spring Bancorp’s stock was trading at $35.23 at the start of the year. Since then, SASR stock has decreased by 40.0% and is now trading at $21.14. The technique has proven to be very useful for finding positive surprises. In fact, when combining a Zacks Rank #3 or better and a positive Earnings ESP, stocks produced a positive surprise 70% of the time, while they also saw 28.3% annual returns on average, according to our 10 year backtest. Zacks Earnings ESP (Expected Surprise Prediction) looks to find companies that have recently seen positive earnings estimate revision activity. The idea is that more recent information is, generally speaking, more accurate and can be a better predictor of the future, which can give investors an advantage in earnings season.

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Dividend yield shows how much a company pays its shareholders in dividends annually per dollar invested. It reflects how much an investor will earn aside from any capital gains in the stock. Silicon Valley Bank has failed following a run on deposits, after its parent company’s share price crashed a record 60% on Thursday. Sandy Spring Bancorp declared a quarterly dividend on Thursday, July 27th.

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An industry with a larger percentage of Zacks Rank #1’s and #2’s will have a better average Zacks Rank than one with a larger percentage of Zacks Rank #4’s and #5’s. The Zacks Industry Rank assigns a rating to each of the 265 X (Expanded) Industries based on their average Zacks Rank. Plus, SASR info will be updated daily in your Zacks.com Portfolio Tracker – also free. Compare
SASR’s historical performance
against its industry peers and the overall market. Our Quantitative Research team models direct competitors or comparable companies
from a bottom-up perspective to find companies describing their business in a
similar fashion.

SASR Stock – Frequently Asked Questions

After each calculation the program assigns a Buy, Sell, or Hold value with the study, depending on where the price lies in reference to the common interpretation of the study. For example, a price above its moving average is generally considered an upward trend or a buy. According to 5 analysts, the average rating for SASR stock is “Hold.” The 12-month stock price forecast is $27.0, which is an increase of 27.72% from the latest price.

CHCO, SASR, and FIBK made it to the Zacks Rank #1 (Strong Buy) momentum stocks list on July 29, 2022. New position to lead bank strategies supporting the region’s critical middle market and corporate sectors New position to lead bank strategies supporting the region’s critical middle market and corpor… The industry with the best average Zacks Rank would be considered the top industry (1 out of 265), which would place it in the top 1% of Zacks Ranked Industries. The industry with the worst average Zacks Rank (265 out of 265) would place in the bottom 1%.

Stock Activity

A stock’s beta measures how closely tied its price movements have been to the performance of the overall market. One share of SASR stock can currently be purchased for approximately $21.14. Provides a general description of the business conducted by this company. The Barchart Technical Opinion rating is a 88% Sell with a Strengthening short term outlook on maintaining the current direction.

• The industry with the best average Zacks Rank would be considered the top industry (1 out of 265), which would place it in the top 1% of Zacks Ranked Industries.
• High-growth stocks tend to represent the technology, healthcare, and communications sectors.
• Certain Zacks Rank stocks for which no month-end price was available, pricing information was not collected, or for certain other reasons have been excluded from these return calculations.
• CHCO, SASR, and FIBK made it to the Zacks Rank #1 (Strong Buy) momentum stocks list on July 29, 2022.
• An industry with a larger percentage of Zacks Rank #1’s and #2’s will have a better average Zacks Rank than one with a larger percentage of Zacks Rank #4’s and #5’s.

The market has been selling off bank stocks on fears of contagion stemming from the Silicon Valley Bank implosion and Signature Bank insolvency. As interest rates have risen, many banks have become more profitable because the spreads between what they earn on loans and investments and what they pay for funding has widened. OLNEY, Md., April 20, 2023 (GLOBE NEWSWIRE) — Sandy Spring Bancorp, Inc. (Nasdaq-SASR), the parent company of Sandy Spring Bank, reported net income of $51.3 million ($1.14 per diluted common share) … OLNEY, Md., July 25, 2023 (GLOBE NEWSWIRE) — Sandy Spring Bancorp, Inc. (Nasdaq-SASR), the parent company of Sandy Spring Bank, reported net income of $24.7 million ($0.55 per diluted common share) f… OLNEY, Md., July 27, 2023 (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 sto… As an investor, you want to buy stocks with the highest probability of success.

Major Holders

View analysts price targets for SASR or view top-rated stocks among Wall Street analysts. At the center of everything we do is a strong commitment to independent research and sharing its profitable discoveries with investors. This dedication to giving investors a trading advantage led to the creation of our proven Zacks Rank stock-rating system. Since 1988 it has more than doubled the S&P 500 with an average gain of +24.32% per year. These returns cover a period from January 1, 1988 through July 31, 2023. Zacks Rank stock-rating system returns are computed monthly based on the beginning of the month and end of the month Zacks Rank stock prices plus any dividends received during that particular month.

The scores are based on the trading styles of Value, Growth, and Momentum. There’s also a VGM Score (‘V’ for Value, ‘G’ for Growth and ‘M’ for Momentum), which combines the weighted average of the individual style scores into one score. We’d like to share more about how we work and what drives our day-to-day business. Transparency https://1investing.in/ is how we protect the integrity of our work and keep empowering investors to achieve their goals and dreams. And we have unwavering standards for how we keep that integrity intact, from our research and data to our policies on content and your personal data. SASR’s beta can be found in Trading Information at the top of this page.

SASR Company Calendar

Style is an investment factor that has a meaningful impact on investment risk and returns. Style is calculated by combining value and growth scores, which are first individually calculated. Sandy Spring Bancorp’s stock is owned by a number of institutional and retail investors. Top institutional investors include BlackRock Inc. (8.99%), Dimensional Fund Advisors LP (5.26%), State Street Corp (3.18%), Westwood Holdings Group Inc. (2.29%), Geode Capital Management LLC (2.05%) and Northern Trust Corp (1.16%). Insiders that own company stock include Craig A Ruppert, Daniel J Schrider and Kenneth C Cook. The company is scheduled to release its next quarterly earnings announcement on Thursday, October 19th 2023.

Upgrade to MarketBeat All Access to add more stocks to your watchlist. 28 employees have rated Sandy Spring Bancorp Chief Executive Officer Daniel J. Schrider on Glassdoor.com. Daniel J. Schrider has an approval rating of 82% among the company’s employees. Click the link below and we’ll send you MarketBeat’s list of the 10 high margin food products in india best stocks to own in 2023 and why they should be in your portfolio. Sign-up to receive the latest news and ratings for Sandy Spring Bancorp and its competitors with MarketBeat’s FREE daily newsletter. MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

Shareholders of record on Wednesday, August 9th will be paid a dividend of $0.34 per share on Wednesday, August 16th. This represents a $1.36 annualized dividend and a yield of 6.43%. Orange County Bancorp, Inc. (OBT) delivered earnings and revenue surprises of 12.59% and 4.46%, respectively, for the quarter ended December 2022. Sandy Spring Bancorp (SASR) delivered earnings and revenue surprises of -15.05% and 5.83%, respectively, for the quarter ended December 2022.

The Community Banking segment offers financial products and services, including various loan and deposit products. Sandy Spring Bancorp, Inc. was founded in 1868 and is headquartered in Olney, Maryland. 3 brokers have issued 12-month price objectives for Sandy Spring Bancorp’s stock. Their SASR share price forecasts range from $27.00 to $30.00. On average, they anticipate the company’s stock price to reach $28.00 in the next year. This suggests a possible upside of 32.5% from the stock’s current price.

They rarely distribute dividends to shareholders, opting for reinvestment in their businesses. More value-oriented stocks tend to represent financial services, utilities, and energy stocks. The Barchart Technical Opinion widget shows you today’s overally Barchart Opinion with general information on how to interpret the short and longer term signals. Unique to Barchart.com, Opinions analyzes a stock or commodity using 13 popular analytics in short-, medium- and long-term periods. Results are interpreted as buy, sell or hold signals, each with numeric ratings and summarized with an overall percentage buy or sell rating.