Last $25.45 USD
Change Today +0.10 / 0.39%
Volume 24.0K
SASR On Other Exchanges
Symbol
Exchange
Berlin
NASDAQ GS
As of 5:10 PM 12/24/14 All times are local (Market data is delayed by at least 15 minutes).

sandy spring bancorp inc (SASR) Snapshot

Open
$25.47
Previous Close
$25.35
Day High
$25.50
Day Low
$25.20
52 Week High
12/26/13 - $29.00
52 Week Low
05/15/14 - $22.41
Market Cap
637.3M
Average Volume 10 Days
45.1K
EPS TTM
$1.70
Shares Outstanding
25.0M
EX-Date
11/7/14
P/E TM
14.9x
Dividend
$0.80
Dividend Yield
2.99%
Current Stock Chart for SANDY SPRING BANCORP INC (SASR)

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sandy spring bancorp inc (SASR) Details

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 and Northern Virginia. It operates through three segments: Community Banking, Insurance, and Wealth Management. The company’s deposit products include interest-bearing demand deposits, regular savings deposits, money market savings deposits, and time deposits. Its loan portfolio comprises residential real estate loans; commercial real estate loans, commercial construction loans, leases, and other commercial loans; and consumer loans comprising home equity loans and lines, installment loans, and personal lines of credit. The company also provides general insurance agency and personal trust services, as well as investment management and financial planning services, including cash flow analysis, investment review, tax planning, retirement planning, insurance analysis, and estate planning to individuals, families, small businesses, and associations. As of March 31, 2014, it operated 46 full-service community banking centers, including 13 owned banking centers located in Anne Arundel, Carroll, Frederick, Howard, Montgomery, and Prince George's counties in Maryland; and Arlington, Fairfax, and Loudoun counties in Virginia. The company was founded in 1868 and is headquartered in Olney, Maryland.

718 Employees
Last Reported Date: 11/6/14
Founded in 1868

sandy spring bancorp inc (SASR) Top Compensated Officers

Chief Executive Officer, President, Director,...
Total Annual Compensation: $508.2K
Chief Financial Officer, Principal Accounting...
Total Annual Compensation: $296.0K
Executive Vice President of Wealth Management...
Total Annual Compensation: $299.1K
Executive Vice President, General Counsel, Se...
Total Annual Compensation: $250.2K
Executive Vice President of Commercial and Re...
Total Annual Compensation: $321.0K
Compensation as of Fiscal Year 2013.

sandy spring bancorp inc (SASR) Key Developments

Sandy Spring Bank Opens New Bethesda Community Office

Sandy Spring Bank opened its new Bethesda Community Office at 7550 Wisconsin Avenue. This new space features an open layout, free of the traditional teller line, and Universal Bankers who stand ready to provide comprehensive financial support. Also on site is a full-service Financial Center, which offers clients convenient access to wealth, mortgage, insurance, commercial banking, private client services, and specialists. In addition to a fresh, modern atmosphere, this new model offers clients more individualized and consultative financial support. Clients will also have access to convenient self-service technology. Sandy Spring Bank is one of the first banks in Bethesda to offer this unique and innovative banking experience. Community members are also encouraged to take advantage of the complimentary meeting spaces, and free Wi-Fi and charging stations that are available during business hours.

Sandy Spring Bancorp, Inc. Declares Quarterly Common Stock Dividend, Payable on November 19, 2014

Sandy Spring Bancorp Inc. announced that the board of directors declared a quarterly common stock dividend of $0.20 per share payable on November 19, 2014, to shareholders of record on November 12, 2014. This is consistent with the dividend paid in the third quarter of 2014 and $0.02 over the fourth quarter of 2013.

Sandy Spring Bancorp Inc. Reports Unaudited Consolidated Earnings Results for the Third Quarter and Nine Months Ended September 30, 2014

Sandy Spring Bancorp Inc. reported unaudited consolidated earnings results for the third quarter and nine months ended September 30, 2014. For the quarter, the company reported net interest income of $32,420,000 compared to $35,306,000 a year ago. Income before income taxes was $16,570,000 compared to $18,508,000 a year ago. Net income was $11,142,000 or $0.44 per basic and diluted share compared to $12,089,000 or $0.48 per basic and diluted share a year ago. Return on average assets was 1.05% compared to 1.19% a year ago. Return on average common equity was 8.54% compared to 9.91% a year ago. Net interest income plus non-interest income - as adjusted was $46,298,000 compared to $47,873,000 a year ago. For the nine months period, the company reported net interest income of $96,321,000 compared to $97,564,000 a year ago. Income before income taxes was $42,548,000 compared to $52,867,000 a year ago. Net income was $29,052,000 or $1.16 per basic and diluted share compared to $34,809,000 or $1.39 per diluted share a year ago. Return on average assets was 0.93% compared to 1.17% a year ago. Return on average common equity was 7.60% compared to 9.59% a year ago. Book value per share as at September 30, 2014 was $20.83 compared to $19.77 a year ago. Net interest income plus non-interest income - as adjusted was $135,755,000 compared to $137,270,000 a year ago.

 

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SASR Competitors

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Company Last Change
Brookline Bancorp Inc $9.91 USD +0.07
City Holding Co $46.02 USD +0.12
Community Trust Bancorp Inc $37.13 USD -0.03
Flushing Financial Corp $20.27 USD +0.03
TrustCo Bank Corp NY $7.12 USD +0.01
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Industry Analysis

SASR

Industry Average

Valuation SASR Industry Range
Price/Earnings 16.5x
Price/Sales 3.6x
Price/Book 1.2x
Price/Cash Flow 16.5x
TEV/Sales NM Not Meaningful
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