Sandy Spring Bancorp (SASR)

Cash burn rate (est.)	Burn method: Change in cash		Burn method: Operating income		Burn method: FCF (opex + capex)
	Last Q	Avg 4Q	Last Q	Avg 4Q	Last Q	Avg 4Q
Cash on hand (at last report)	518.96 mm	518.96 mm	518.96 mm	518.96 mm	518.96 mm	518.96 mm
Cash burn (monthly)	77.13 mm	2.24 mm	10.33 mm	(no burn)	(no burn)	(no burn)
Cash used (since last report)	510.30 mm	14.85 mm	68.32 mm	n/a	n/a	n/a
Cash remaining	8.66 mm	504.11 mm	450.64 mm	n/a	n/a	n/a
Runway (months of cash)	0.1	224.6	43.6	n/a	n/a	n/a

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Financial data from company earnings reports.

Institutional ownership, Q4 2024

SASR institutional ownership history Ownership history

70.7% owned by funds/institutions

13F holders	Current	Prev Q	Change
Total holders	226	208	+8.7%
Opened positions	46	28	+64.3%
Closed positions	28	20	+40.0%
Increased positions	70	66	+6.1%
Reduced positions	72	73	-1.4%

13F shares	Current	Prev Q	Change
Total value	1.06 tn	996.34 bn	+6.7%
Total shares	31.93 mm	32.27 mm	-1.0%
Total puts	100.00	200.00	-50.0%
Total calls	7.00 k	3.10 k	+125.8%
Total put/call ratio	0.0	0.1	-77.9%

Largest owners	Shares	Value	Change
BlackRock	4.23 mm	$142.52 bn	-0.1%
Vanguard	2.69 mm	$90.66 bn	-2.6%
Dimensional Fund Advisors	2.62 mm	$88.15 bn	-0.0%
BEN Franklin Resources	1.85 mm	$62.49 bn	+45.8%
STT State Street	1.62 mm	$54.72 bn	+16.4%
Systematic Financial Management	1.12 mm	$37.62 bn	+8.9%
Geode Capital Management	1.06 mm	$35.87 bn	-0.8%
Massachusetts Financial Services	937.53 k	$31.60 bn	+16.0%
American Century Companies	893.55 k	$30.12 bn	+0.8%
Charles Schwab Investment Management	684.71 k	$23.08 bn	+0.7%

Largest transactions	Shares	Bought/sold	Change
North Reef Capital Management	0.00	-2.23 mm	EXIT
MQBKY Macquarie Group Limited	595.00 k	-647.46 k	-52.1%
Magnetar Financial	629.26 k	+629.26 k	NEW
BEN Franklin Resources	1.85 mm	+582.31 k	+45.8%
Balyasny Asset Management	665.58 k	+484.51 k	+267.6%
CNH Partners	400.22 k	+400.22 k	NEW
Millennium Management	392.20 k	+392.20 k	NEW
Westchester Capital Management	337.67 k	+337.67 k	NEW
Victory Capital Management	477.14 k	-322.69 k	-40.3%
Basswood Capital Management, L.L.C.	211.87 k	-257.02 k	-54.8%

Data from 13F filings, for the last complete 13F reporting period. For most recent data, click the ownership history button. Values as filed, not updated for current price. Long positions only.

Recent insider trades

SASR insider ownership history Insider history

Date	Owner	Security	Transaction	Code	Indirect	10b5-1	#Shares
1 Apr 25	Robert L Orndorff JR	Common Stock	Sale back to company	Dispose D	No	No	2,078
1 Apr 25	Robert L Orndorff JR	Common Stock	Sale back to company	Dispose D	Yes	No	80,909
1 Apr 25	Robert L Orndorff JR	Common Stock	Sale back to company	Dispose D	Yes	No	80,909
1 Apr 25	Robert L Orndorff JR	Common Stock	Sale back to company	Dispose D	No	No	11,663
1 Apr 25	Craig A Ruppert	Common Stock	Sale back to company	Dispose D	No	No	2,078
1 Apr 25	Craig A Ruppert	Common Stock	Sale back to company	Dispose D	No	No	31,312.945
1 Apr 25	Craig A Ruppert	Common Stock	Sale back to company	Dispose D	Yes	No	114,130.595
1 Apr 25	Christina B O'Meara	Common Stock	Sale back to company	Dispose D	No	No	2,078
1 Apr 25	Christina B O'Meara	Common Stock	Sale back to company	Dispose D	Yes	No	7,343
1 Apr 25	Christina B O'Meara	Common Stock	Sale back to company	Dispose D	No	No	43,375.952

Data from 3, 4 and 5 filings. Values as filed, not updated for current price.