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. The company operates through three segments: Community Banking, Insurance, and Investment Management. The Community Banking segment offers financial products and services, including various loan and deposit products. Its loan products include commercial real estate loans, commercial construction loans, and other commercial loans; residential real estate plans; and consumer loans comprising home equity loans and lines, installment loans, and personal lines of credit. The Insurance segment provides general insurance agency services and annuities, such as commercial, personal, and medical liability lines. The Investment Management segment offers investment management and financial planning, including cash flow analysis, investment review, tax and retirement planning, insurance analysis, and estate planning to individuals, families, small businesses, and associations. The company also provides personal trust and wealth management services. It operates a network of approximately 65 locations in Maryland, Virginia, and Washington, the District of Columbia. Sandy Spring Bancorp, Inc. was founded in 1868 and is headquartered in Olney, Maryland.
IPO Year:
Exchange: NASDAQ
Website: sandyspringbank.com
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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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. 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 range of co
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. Current quarter's core earnings were $24.4 million ($0.54 per diluted common share), compared to $21.9 million ($0.49 per diluted common share) for the quarter ended March 31, 2024 and $27.1 million ($0.60 per diluted common share) for the quarter ended June 30, 2023. Core e
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. Ramon Looby, President and CEO of MBA, praised McDowell's tenure, saying, "Ronda has done wonderful work during her time as Chair, and we are grateful for her dedication and leadership." McDowell worked closely with MBA leadership to reorganize the association and create Mid-Atlantic Bankers Association
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
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
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. 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 range of commercial and retai
OLNEY, Md., April 23, 2024 (GLOBE NEWSWIRE) -- Sandy Spring Bancorp, Inc. (Nasdaq-SASR), the parent company of Sandy Spring Bank, reported net income of $20.4 million ($0.45 per diluted common share) for the quarter ended March 31, 2024, compared to net income of $26.1 million ($0.58 per diluted common share) for the fourth quarter of 2023 and $51.3 million ($1.14 per diluted common share) for the first quarter of 2023. Current quarter's core earnings were $21.9 million ($0.49 per diluted common share), compared to $27.1 million ($0.60 per diluted common share) for the quarter ended December 31, 2023 and $52.3 million ($1.16 per diluted common share) for the quarter ended March 31, 2023.
OLNEY, Md., April 02, 2024 (GLOBE NEWSWIRE) -- Sandy Spring Bancorp, Inc. (NASDAQ:SASR) will announce its first quarter earnings on Tuesday, April 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: 186461. 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
OLNEY, Md., March 11, 2024 (GLOBE NEWSWIRE) -- Sandy Spring Bank is pleased to announce that Malcolm Hollensteiner, Senior Vice President and Head of Residential Home Loan Production has been named the incoming President of the Board of Governors for the Maryland Mortgage Bankers and Brokers Association (MMBBA). Hollensteiner, who manages mortgage production at Sandy Spring Bank, has more than three decades of experience in financial services, including stints at TD Bank and PNC Bank. He holds a Bachelor of Arts degree from Harvard University and a Master of Science degree from West Virginia University. "We are excited for the year ahead with someone as experienced as Malcolm at the helm
OLNEY, Md., March 06, 2024 (GLOBE NEWSWIRE) -- Sandy Spring Bank today announced a $50,000 donation to help combat hunger in the Greater Washington Region. Bank leaders presented checks of $25,000 each to Capital Area Food Bank and the Maryland Food Bank to help them in their important work in the D.C. region and across Maryland. Bank employees also helped sort fresh and non-perishable food and construct boxes for local seniors, while learning more about the critical work these organizations do to support individuals and families in our community. Sandy Spring Bank's donation to Capital Area Food Bank (CAFB) supports the Family Markets program. In 2021, CAFB conducted internal researc
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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. 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 range of co
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. Current quarter's core earnings were $24.4 million ($0.54 per diluted common share), compared to $21.9 million ($0.49 per diluted common share) for the quarter ended March 31, 2024 and $27.1 million ($0.60 per diluted common share) for the quarter ended June 30, 2023. Core e
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
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. 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 range of commercial and retai
OLNEY, Md., April 23, 2024 (GLOBE NEWSWIRE) -- Sandy Spring Bancorp, Inc. (Nasdaq-SASR), the parent company of Sandy Spring Bank, reported net income of $20.4 million ($0.45 per diluted common share) for the quarter ended March 31, 2024, compared to net income of $26.1 million ($0.58 per diluted common share) for the fourth quarter of 2023 and $51.3 million ($1.14 per diluted common share) for the first quarter of 2023. Current quarter's core earnings were $21.9 million ($0.49 per diluted common share), compared to $27.1 million ($0.60 per diluted common share) for the quarter ended December 31, 2023 and $52.3 million ($1.16 per diluted common share) for the quarter ended March 31, 2023.
OLNEY, Md., April 02, 2024 (GLOBE NEWSWIRE) -- Sandy Spring Bancorp, Inc. (NASDAQ:SASR) will announce its first quarter earnings on Tuesday, April 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: 186461. 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
OLNEY, Md., Feb. 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 February 21, 2024 to shareholders of record on February 14, 2024. This dividend is consistent with the previous linked quarter and the first 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 rang
OLNEY, Md., Jan. 23, 2024 (GLOBE NEWSWIRE) -- Sandy Spring Bancorp, Inc. (Nasdaq-SASR), the parent company of Sandy Spring Bank, reported net income of $26.1 million ($0.58 per diluted common share) for the quarter ended December 31, 2023, compared to net income of $20.7 million ($0.46 per diluted common share) for the third quarter of 2023 and $34.0 million ($0.76 per diluted common share) for the fourth quarter of 2022. The increase in the current quarter's net income compared to the linked quarter was a product of a lower provision for credit losses coupled with lower non-interest expense, partially offset by lower net interest income and non-interest income. Current quarter's core ear
OLNEY, Md., Jan. 09, 2024 (GLOBE NEWSWIRE) -- Sandy Spring Bancorp, Inc. (NASDAQ:SASR) will announce its fourth quarter earnings on Tuesday, January 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: 125369. 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 Inves
OLNEY, Md., Oct. 26, 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 stock dividend of $0.34 per share payable on November 15, 2023 to shareholders of record on November 8, 2023. This dividend is consistent with the previous linked quarter and the fourth quarter of 2022. 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 range of commerc
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
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
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
Janney initiated coverage of Sandy Spring Banc with a rating of Neutral and set a new price target of $25.00
DA Davidson downgraded Sandy Spring Banc from Buy to Neutral and set a new price target of $22.00 from $28.00 previously
Stephens initiated coverage of Sandy Spring Banc with a rating of Equal-Weight and set a new price target of $28.00
Piper Sandler resumed coverage of Sandy Spring Banc with a rating of Neutral and set a new price target of $39.00
Keefe Bruyette downgraded Sandy Spring Banc from Outperform to Mkt Perform and set a new price target of $50.00 from $53.00 previously
DA Davidson initiated coverage of Sandy Spring Banc with a rating of Buy and set a new price target of $61.00
Piper Sandler upgraded Sandy Spring Bancorp from Neutral to Overweight
Piper Sandler upgraded Sandy Spring Bancorp from Neutral to Overweight and set a new price target of $41.00
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Keefe, Bruyette & Woods analyst Catherine Mealor maintains Sandy Spring Bancorp (NASDAQ:SASR) with a Market Perform and raises the price target from $25 to $30.
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.
Regional bank stocks, as monitored through the SPDR S&P Regional Banking ETF (NYSE:KRE), continue to trade about 13% lower than they were prior to the collapse of Silicon Valley Bank in March 2023, indicating that investor sentiment has yet to fully regain trust in the industry following last year’s sharp drop. The first-quarter earnings season has been notably positive for the Financials sector, which showed the largest positive difference between actual revenues and estimated revenues, according to FactSet earnings insights. Chart: Regional Bank Industry Trades 13% Lower Its Pre-SVB Levels A Resilient Quarter For Community Banks “The banking industry continued to show resil
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.
Stephens & Co. analyst Russell Gunther reiterates Sandy Spring Bancorp (NASDAQ:SASR) with a Equal-Weight and maintains $25 price target.
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Janney Montgomery Scott analyst Daniel Cardenas initiates coverage on Sandy Spring Bancorp (NASDAQ:SASR) with a Neutral rating.
Investors eagerly anticipate the dividend payout from Provident Finl Servs (NYSE:PFS) on February 23, 2024. With a payout of $0.24 per share and an annualized dividend yield of 5.47%, this reward is exclusively for shareholders who held the stock before the ex-dividend date on February 08, 2024 Provident Finl Servs Recent Dividend Payouts table { width: 100%; border-collapse: collapse; font-family: Arial, sans-serif; font-size: 14px; } th, td { padding: 8px; text-align: left; } th { background-color: #293a5a; color: #fff; text-align: left;
By the end of today, February 21, 2024, Sandy Spring Bancorp (NASDAQ:SASR) is set to deliver a dividend payout of $0.34 per share, equating to an annualized dividend yield of 5.58%. Shareholders who owned the stock prior to the ex-dividend date on February 13, 2024 will receive this payout. Sandy Spring Bancorp Recent Dividend Payouts table { width: 100%; border-collapse: collapse; font-family: Arial, sans-serif; font-size: 14px; } th, td { padding: 8px; text-align: left; } th { background-color: #293a5a; color: #fff; text-align: left;