Sandy Spring Bancorp Inc (SASR) |
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Price: $20.9400
$0.26
1.257%
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Day's High:
| $21.27
| Week Perf:
| -5.51 %
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Day's Low: |
$ 20.62 |
30 Day Perf: |
-4.99 % |
Volume (M): |
2,019 |
52 Wk High: |
$ 28.88 |
Volume (M$): |
$ 42,280 |
52 Wk Avg: |
$23.15 |
Open: |
$20.62 |
52 Wk Low: |
$19.27 |
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Market Capitalization (Millions $) |
942 |
Shares
Outstanding (Millions) |
45 |
Employees |
737 |
Revenues (TTM) (Millions $) |
439 |
Net Income (TTM) (Millions $) |
123 |
Cash Flow (TTM) (Millions $) |
354 |
Capital Exp. (TTM) (Millions $) |
14 |
Sandy Spring Bancorp Inc
Sandy Spring Bancorp, Inc. is the bank holding company for Sandy Spring Bank
(the "Bank"). The Company is registered as a bank holding company
pursuant to the Bank Holding Company Act of 1956, as amended (the "Holding
Company Act"). As such, the Company is subject to supervision and regulation
by the Board of Governors of the Federal Reserve System (the "Federal Reserve").
The Company began operating in 1988. Sandy Spring Bank traces its origin to
1868, making it among the oldest banking institutions in the region. The Bank
is independent, community oriented, and conducts a full-service commercial banking
business through 45 community offices located in Central Maryland, Northern
Virginia, and Washington D. C. The Bank is a state chartered bank subject to
supervision and regulation by the Federal Reserve and the State of Maryland.
The Banks deposit accounts are insured by the Deposit Insurance Fund administered
by the Federal Deposit Insurance Corporation (the "FDIC") to the maximum
permitted by law. The Bank is a member of the Federal Reserve System and is
an Equal Housing Lender. The Company, the Bank, and its other subsidiaries are
Affirmative Action/Equal Opportunity Employers.
Conforming mortgage loans represent loans originated in accordance with underwriting
standards set forth by the government-sponsored entities (“GSEs”),
including the Federal National Mortgage Association (“Fannie Mae”),
the Federal Home Loan Mortgage Corporation (“Freddie Mac”), and
the Government National Mortgage Association (“Ginnie Mae”), which
serve as the primary purchasers of loans sold in the secondary mortgage market
by mortgage lenders. These loans are generally collateralized by one-to-four-family
residential real estate, have loan-to-collateral value ratios of 80% or less
or have mortgage insurance to insure down to 80%, and are made to borrowers
in good credit standing. Substantially all fixed-rate conforming loans originated
are sold in the secondary mortgage market. For any loans retained by the Company,
title insurance insuring the priority of its mortgage lien, as well as fire
and extended coverage casualty insurance protecting the properties securing
the loans is required. Borrowers may be required to advance funds, with each
monthly payment of principal and interest, to a loan escrow account from which
the Company makes disbursements for items such as real estate taxes and mortgage
insurance premiums. Appraisers approved by the Company appraise the properties
securing substantially all of the Companys residential mortgage loans.
Included in commercial loans are credits directly originated by the Company
and, to a lesser extent, syndicated transactions or loan participations that
are originated by other lenders. The Companys commercial lending policy requires
each loan, regardless of whether it is directly originated or is purchased,
to have viable repayment sources. The risks associated with syndicated loans
or purchased participations are similar to those of directly originated commercial
loans, although additional risk may arise from the limited ability to control
actions of the primary lender. Shared National Credits (SNC), as defined by
the banking regulatory agencies, represent syndicated lending arrangements with
three or more participating financial institutions and credit exceeding $20.0
million in the aggregate.
The home equity category consists mainly of revolving lines of credit to consumers
that are secured by residential real estate. Home equity lines of credit and
other home equity loans are originated by the Company for typically up to 90%
of the appraised value, less the amount of any existing prior liens on the property.
While home equity loans have maximum terms of up to twenty years and interest
rates are generally fixed, home equity lines of credit have maximum terms of
up to ten years for draws and thirty years for repayment, and interest rates
are generally adjustable. The Company secures these loans with mortgages on
the homes (typically a second mortgage). Purchase money second mortgage loans
originated by the Company have maximum terms ranging from ten to thirty years.
These loans generally carry a fixed rate of interest for the entire term or
a fixed rate of interest for the first five years, re-pricing every five years
thereafter at a predetermined spread to the prime rate of interest. Home equity
lines are generally governed by the same lending policies and subject to credit
risk as described for residential real estate loans.
Company Address: 17801 Georgia Avenue Olney 20832 MD
Company Phone Number: 774-6400 Stock Exchange / Ticker: NASDAQ SASR
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Customers Net Income fell by |
SASR's Customers Net Profit Margin fell to |
-4.36 % |
11.29 %
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Stock Performances by Major Competitors |
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Sandy Spring Bancorp Inc
/>Sandy Spring Bancorp, Inc., the parent company of Sandy Spring Bank, recently released its financial results for the October to December 31, 2023, period. The report indicates a decrease in both income and revenue compared to the previous year's figures. However, the company remains committed to rewarding its shareholders, as evidenced by the declaration of a stable quarterly common stock dividend. This article aims to outline the key facts and provide an analysis of the company's performance, as well as discuss the potential impact on future results and the stock price. 1. Financial Results: During the October to December 31, 2023 financial span, Sandy Spring Bancorp, Inc. experienced a decline in income. The company's income fell by -23.79% to $0.58 per share, compared to $0.76 per share in the same period the previous year. However, the income saw growth of 25.35% from the preceding reporting period's $0.46 per share.
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Dividend
Published Thu, Feb 1 2024 12:00 PM UTC
Sandy Spring Bancorp, Inc., the parent company of Sandy Spring Bank, recently declared a quarterly common stock dividend of $0.34 per share. This announcement reinforces the stability and consistent performance of the company within the financial sector. With its dividend payout ratio remaining below average, Sandy Spring Bancorp Inc has room for further growth and...
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Product Service News
Published Tue, Dec 5 2023 5:00 PM UTC
nn Sandy Spring Bank Opens One Loudoun Location and Faces Revenue and Profitability Challenges Compared to Competitorsnn Sandy Spring Bank, a leading financial institution, has recently opened a new full-service branch in Ashburn's One Loudoun area. This strategic move aims to cater to the banking needs of residents and businesses in Northern Virginia. The bank's expansi...
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Sandy Spring Bancorp Inc
Sandy Spring Bancorp Inc (Nasdaq-SASR) reported a decline in earnings per share in the third quarter of 2023, with a drop of -38.67% to $0.46. This decrease was attributed to a revenue decrease of -9.774% to $100.11 million compared to the same period last year. In contrast, the rest of the Commercial Banks industry saw a top-line improvement. In the previous reporting period, Sandy Spring Bancorp Inc recorded revenue of $102.59 million and bottom line earnings of $0.55 per share. Net income in the third quarter of 2023 fell by -38.23% to $20.746 million compared to $33.584 million in the corresponding period the previous year.
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Sandy Spring Bancorp Inc
Sandy Spring Bancorp Inc (SASR) has seen a significant decline in its earnings and profitability for the fiscal period closing June 30, 2023. Earnings per share have plummeted by a staggering -54.55%, falling to $0.55 per share compared to $1.21 per share in the previous year. The profit has also taken a hit, dropping by -51.75% from $1.14 per share in the previous reporting season. Furthermore, the company's revenue has crumbled by -25.738% to $102.59 million from $138.15 million in the same reporting season a year ago. Sequentially, the revenue fell even further by -23.887% from $134.79 million. This significant decline in revenue is a cause for concern as it indicates a lack of demand or potential challenges in the company's market. Sandy Spring Bancorp Inc's net income has also taken a hit, falling by -54.84% to $24.745 million from $54.800 million in the corresponding period a year before. This decline in net income further emphasizes the company's struggle to maintain profitability and generate sustainable earnings.
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Per Share |
Current |
Earnings (TTM) |
2.73 $ |
Revenues (TTM) |
9.76 $
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Cash Flow (TTM) |
7.86 $ |
Cash |
1.68 $
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Book Value |
35.29 $
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Dividend (TTM) |
1.36 $ |
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Per Share |
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Earnings (TTM) |
2.73 $
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Revenues (TTM) |
9.76 $ |
Cash Flow (TTM) |
7.86 $ |
Cash |
1.68 $
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Book Value |
35.29 $ |
Dividend (TTM) |
1.36 $ |
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Company Estimates |
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• Revenue Outlook
Sandy Spring Bancorp Inc does not provide revenue guidance.
• Earnings Outlook
Sandy Spring Bancorp Inc does not provide earnings estimates.
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