Sandy Spring Bancorp Q2 2024 Adj EPS $0.54 Beats $0.43 Estimate, Sales $80.285M Miss $81.867M Estimate

7/23/24 7:04:33 AM ET

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Sandy Spring Bancorp (NASDAQ:SASR) reported quarterly earnings of $0.54 per share which beat the analyst consensus estimate of $0.43 by 25.58 percent. This is a 10 percent decrease over earnings of $0.60 per share from the same period last year. The company reported quarterly sales of $80.285 million which missed the analyst consensus estimate of $81.867 million by 1.93 percent. This is a 11.26 percent decrease over sales of $90.471 million the same period last year.

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Recent Analyst Ratings for
$SASR

Date	Price Target	Rating	Analyst
3/1/2024	$25.00	Neutral	Janney
10/2/2023	$28.00 → $22.00	Buy → Neutral	DA Davidson
4/4/2023	$28.00	Equal-Weight	Stephens
12/5/2022	$39.00	Neutral	Piper Sandler
4/22/2022	$53.00 → $50.00	Outperform → Mkt Perform	Keefe Bruyette
3/22/2022	$61.00	Buy	DA Davidson

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$SASR
Press Releases

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Sandy Spring Bancorp Declares Quarterly Dividend
OLNEY, Md., Oct. 31, 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 November 21, 2024, to shareholders of record on November 14, 2024. This dividend is consistent with the previous linked quarter and the fourth quarter of 2023. About Sandy Spring Bancorp, Inc./Sandy Spring Bank Sandy Spring Bancorp, Inc., headquartered in Olney, Maryland, is the holding company for Sandy Spring Bank, a premier community bank in the Greater Washington, D.C. region. With over 50 locations, the bank offers a broad ra
10/31/24 7:00:00 AM ET
$SASR
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Sandy Spring Bancorp Reports Third Quarter Earnings of $16.2 Million
OLNEY, Md., Oct. 21, 2024 (GLOBE NEWSWIRE) -- Sandy Spring Bancorp, Inc. (Nasdaq-SASR), the parent company of Sandy Spring Bank, reported net income of $16.2 million ($0.36 per diluted common share) for the quarter ended September 30, 2024, compared to net income of $22.8 million ($0.51 per diluted common share) for the second quarter of 2024 and $20.7 million ($0.46 per diluted common share) for the third quarter of 2023. Current quarter's core earnings were $17.9 million ($0.40 per diluted common share), compared to $24.4 million ($0.54 per diluted common share) for the quarter ended June 30, 2024 and $27.8 million ($0.62 per diluted common share) for the quarter ended September 30, 202
10/21/24 6:00:00 AM ET
$SASR
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Atlantic Union Bankshares Corporation Announces Agreement to Acquire Sandy Spring Bancorp
Atlantic Union Bankshares Corporation ("Atlantic Union") (NYSE:AUB) and Sandy Spring Bancorp ("Sandy Spring") (NASDAQ:SASR) jointly announced today that they have entered into a definitive merger agreement for Atlantic Union to acquire Sandy Spring in an all-stock transaction valued at approximately $1.6 billion. Combining the two organizations will create the largest regional bank headquartered in the lower Mid-Atlantic, and significantly enhance the combined company's presence in Northern Virginia and Maryland. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20241021025221/en/ Founded in 1868, Sandy Spring is headquartered in Olne
10/21/24 6:00:00 AM ET
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Sandy Spring Bancorp Declares Quarterly Dividend
OLNEY, Md., Oct. 31, 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 November 21, 2024, to shareholders of record on November 14, 2024. This dividend is consistent with the previous linked quarter and the fourth quarter of 2023. About Sandy Spring Bancorp, Inc./Sandy Spring Bank Sandy Spring Bancorp, Inc., headquartered in Olney, Maryland, is the holding company for Sandy Spring Bank, a premier community bank in the Greater Washington, D.C. region. With over 50 locations, the bank offers a broad ra
10/31/24 7:00:00 AM ET
$SASR
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Sandy Spring Bancorp Reports Third Quarter Earnings of $16.2 Million
OLNEY, Md., Oct. 21, 2024 (GLOBE NEWSWIRE) -- Sandy Spring Bancorp, Inc. (Nasdaq-SASR), the parent company of Sandy Spring Bank, reported net income of $16.2 million ($0.36 per diluted common share) for the quarter ended September 30, 2024, compared to net income of $22.8 million ($0.51 per diluted common share) for the second quarter of 2024 and $20.7 million ($0.46 per diluted common share) for the third quarter of 2023. Current quarter's core earnings were $17.9 million ($0.40 per diluted common share), compared to $24.4 million ($0.54 per diluted common share) for the quarter ended June 30, 2024 and $27.8 million ($0.62 per diluted common share) for the quarter ended September 30, 202
10/21/24 6:00:00 AM ET
$SASR
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Atlantic Union Bankshares Corporation Announces Agreement to Acquire Sandy Spring Bancorp
Atlantic Union Bankshares Corporation ("Atlantic Union") (NYSE:AUB) and Sandy Spring Bancorp ("Sandy Spring") (NASDAQ:SASR) jointly announced today that they have entered into a definitive merger agreement for Atlantic Union to acquire Sandy Spring in an all-stock transaction valued at approximately $1.6 billion. Combining the two organizations will create the largest regional bank headquartered in the lower Mid-Atlantic, and significantly enhance the combined company's presence in Northern Virginia and Maryland. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20241021025221/en/ Founded in 1868, Sandy Spring is headquartered in Olne
10/21/24 6:00:00 AM ET
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Leadership Updates

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Sandy Spring Bancorp's Board of Directors Appoints Charles S. Cullum Chief Financial Officer
OLNEY, Md., May 23, 2024 (GLOBE NEWSWIRE) -- The Board of Directors of Sandy Spring Bancorp, Inc. (Nasdaq-SASR), today announced the appointment of Charles S. Cullum to Chief Financial Officer. Cullum was promoted from Deputy Chief Financial Officer and Treasurer. Philip J. Mantua, the outgoing Chief Financial Officer, who previously announced his retirement, will continue with the Company until the end of the year to support the leadership transition. "Charlie has played a central role in the financial management of the Company for many years, and I am confident in his ability to lead our financial operations as Chief Financial Officer, said Daniel J. Schrider, Chair, President and Chi
5/23/24 7:00:00 AM ET
$SASR
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Sandy Spring Bancorp, Inc. Announces Retirement of Kenneth C. Cook, Commercial Banking President
OLNEY, Md., Oct. 28, 2022 (GLOBE NEWSWIRE) -- Sandy Spring Bancorp, Inc. (Nasdaq – SASR), the parent company of Sandy Spring Bank, announced today the retirement of the President of Commercial Banking and Executive Vice President, Kenneth C. Cook, effective February 28, 2023. He will serve on Sandy Spring Bancorp's Board of Directors upon his retirement from the bank. "Ken has dedicated his 40-year career to helping clients in the Greater Baltimore and Greater Washington regions. He has made immense contributions to the local business community, and he is a champion for his colleagues," said Daniel J. Schrider, President and CEO of Sandy Spring Bank. Cook joined Sandy Spring Bank
10/28/22 9:00:00 AM ET
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Sandy Spring Bank Appoints Sherman Moore as New Division Executive of Sandy Spring Private Client Group
OLNEY, Md., May 25, 2022 (GLOBE NEWSWIRE) -- Sandy Spring Bank announced today the promotion of Sherman W. Moore to Division Executive of the Sandy Spring Private Client Group. In this role, Moore will lead a 40-person team overseeing nearly $2 billion in investments. "Sandy Spring Bank's Private Client Group takes a holistic approach to meeting clients' financial needs through trust services, private banking, wealth planning and investment management," said R. Louis Caceres, Executive Vice President at Sandy Spring Bank. "Sherman brings a fresh perspective and creative ideas to his new role, and I look forward to seeing how he collaborates with others throughout the Bank to serve our c
5/25/22 10:00:00 AM ET
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Sandy Spring Bancorp Q2 2024 Adj EPS $0.54 Beats $0.43 Estimate, Sales $80.285M Miss $81.867M Estimate

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EVP, Consumer Banking Pulford Susan Lynne covered exercise/tax liability with 174 shares (SEC Form 4)

President & CEO Schrider Daniel J covered exercise/tax liability with 1,106 shares (SEC Form 4)

EVP, Chief Operations Officer Mcdowell Ronda M covered exercise/tax liability with 249 shares (SEC Form 4)

$SASR Press Releases

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Sandy Spring Bancorp Declares Quarterly Dividend

Sandy Spring Bancorp Reports Third Quarter Earnings of $16.2 Million

Atlantic Union Bankshares Corporation Announces Agreement to Acquire Sandy Spring Bancorp

$SASR Large Ownership Changes

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SEC Form SC 13G filed by Sandy Spring Bancorp Inc.

SEC Form SC 13G/A filed by Sandy Spring Bancorp Inc. (Amendment)

SEC Form SC 13G/A filed by Sandy Spring Bancorp Inc. (Amendment)

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SEC Form 10-Q filed by Sandy Spring Bancorp Inc.

SEC Form 13F-NT filed by Sandy Spring Bancorp Inc.

SEC Form 425 filed by Sandy Spring Bancorp Inc.

Keefe, Bruyette & Woods Maintains Market Perform on Sandy Spring Bancorp, Raises Price Target to $30