sandy spring bancorp, inc., (nasdaq: sasr) is the holding company for sandy spring bank, the largest locally-headquartered community bank in the greater washington, d.c. region, and has been recognized by forbes as one of the 50 most trustworthy financial companies in america for 12 consecutive years. sandy spring bank traces its origins to 1868 making it one of the oldest banking institutions in the region. 2018 marks the bank’s 150th anniversary of serving the region. independent and community-oriented, sandy spring bank offers a broad range of commercial banking, retail banking, mortgage, insurance, wealth and trust services throughout central maryland, northern virginia, and the greater washington, d.c. market through a network of over 50 banking and financial centers. sandy spring bank offers sophisticated online and mobile banking products for individuals as well as small and mid-sized businesses. through an affiliation with the allpoint atm network, clients have free nationwide
Company profile
Ticker
SASR
Exchange
Website
CEO
Daniel J. Schrider
Employees
Incorporated
Location
Fiscal year end
Sector
Industry (SIC)
SEC CIK
Corporate docs
Subsidiaries
West Financial Services, Inc. ...
IRS number
520312970
SASR stock data
Latest filings (excl ownership)
8-K
Departure of Directors or Certain Officers
29 Sep 23
8-K
Other Events
25 Aug 23
8-K
Regulation FD Disclosure
4 Aug 23
10-Q
2023 Q2
Quarterly report
4 Aug 23
8-K
Sandy Spring Bancorp Reports Second Quarter Earnings of $24.7 Million
25 Jul 23
8-K
Submission of Matters to a Vote of Security Holders
25 May 23
8-K
Regulation FD Disclosure
5 May 23
10-Q
2023 Q1
Quarterly report
5 May 23
DEFA14A
Additional proxy soliciting materials
26 Apr 23
8-K
Sandy Spring Bancorp Reports First Quarter Earnings of $51.3 Million
20 Apr 23
Transcripts
SASR
Earnings call transcript
2023 Q2
25 Jul 23
SASR
Earnings call transcript
2023 Q1
20 Apr 23
SASR
Earnings call transcript
2022 Q4
26 Jan 23
SASR
Earnings call transcript
2022 Q3
20 Oct 22
SASR
Earnings call transcript
2022 Q2
22 Jul 22
SASR
Earnings call transcript
2022 Q1
21 Apr 22
SASR
Earnings call transcript
2021 Q4
20 Jan 22
SASR
Earnings call transcript
2021 Q3
21 Oct 21
SASR
Earnings call transcript
2021 Q2
23 Jul 21
SASR
Earnings call transcript
2021 Q1
22 Apr 21
Latest ownership filings
4
Kenneth C Cook
13 Sep 23
4
CRAIG A RUPPERT
8 Aug 23
13F-NT
Notice of holdings reported by another manager
4 Aug 23
4
Kenneth C Cook
2 Aug 23
3
Susan Lynne Pulford
27 Jul 23
11-K
Annual report of employee stock purchases
28 Jun 23
4
Mark E Friis
25 May 23
4
Walter Clayton Martz II
25 May 23
4
Mona Abutaleb Stephenson
25 May 23
4
CRAIG A RUPPERT
25 May 23
Financial summary
| Quarter (USD) | Jun 23 | Mar 23 | Dec 22 | Sep 22 | |
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| Diluted EPS |
| Annual (USD) | Dec 22 | Dec 21 | Dec 20 | Dec 19 | |
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| Revenue | |||||
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| Diluted EPS |
| 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) | 430.13 mm | 430.13 mm | 430.13 mm | 430.13 mm | 430.13 mm | 430.13 mm |
| Cash burn (monthly) | 21.86 mm | (no burn) | (no burn) | (no burn) | (no burn) | (no burn) |
| Cash used (since last report) | 69.31 mm | n/a | n/a | n/a | n/a | n/a |
| Cash remaining | 360.82 mm | n/a | n/a | n/a | n/a | n/a |
| Runway (months of cash) | 16.5 | n/a | n/a | n/a | n/a | n/a |
Institutional ownership, Q2 2023
68.6% owned by funds/institutions
| 13F holders | Current |
|---|---|
| Total holders | 179 |
| Opened positions | 18 |
| Closed positions | 27 |
| Increased positions | 70 |
| Reduced positions | 57 |
| 13F shares | Current |
|---|---|
| Total value | 691.07 bn |
| Total shares | 30.75 mm |
| Total puts | 2.20 k |
| Total calls | 6.80 k |
| Total put/call ratio | 0.3 |
| Largest owners | Shares | Value |
|---|---|---|
| BLK Blackrock | 4.03 mm | $91.47 bn |
| Vanguard | 2.62 mm | $59.34 bn |
| T. Rowe Price Investment Management | 2.54 mm | $58.20 bn |
| Dimensional Fund Advisors | 2.36 mm | $53.54 bn |
| STT State Street | 1.43 mm | $32.37 bn |
| IVZ Invesco | 1.37 mm | $31.01 bn |
| MCQEF Macquarie | 1.19 mm | $27.01 bn |
| WHG Westwood | 1.03 mm | $23.57 bn |
| Deprince Race & Zollo | 987.93 k | $22.41 bn |
| Geode Capital Management | 918.10 k | $20.82 bn |
Recent insider trades
| Date | Owner | Security | Transaction | Code | Indirect | 10b5-1 | $Price | #Shares | $Value | #Remaining |
|---|---|---|---|---|---|---|---|---|---|---|
| 12 Sep 23 | Kenneth C Cook | Common Stock | Option exercise | Acquire M | No | No | 10.96 | 5,934 | 65.04 k | 269,636.416 |
| 12 Sep 23 | Kenneth C Cook | Stock Options Common Stock | Option exercise | Dispose M | No | No | 10.96 | 5,934 | 65.04 k | 0 |
| 7 Aug 23 | Craig A Ruppert | Common Stock | Buy | Acquire P | Yes | No | 24.8554 | 12,200 | 303.24 k | 101,987.865 |
| 2 Aug 23 | Kenneth C Cook | Common Stock | Option exercise | Acquire M | No | No | 10.96 | 9,933 | 108.87 k | 263,702.416 |
| 2 Aug 23 | Kenneth C Cook | Stock Options Common Stock | Option exercise | Dispose M | No | No | 10.96 | 9,933 | 108.87 k | 5,934 |
| 24 May 23 | Ralph F Boyd JR | Common Stock | Grant | Acquire A | No | No | 0 | 2,254 | 0.00 | 2,254 |
News
Benzinga's Top Ratings Upgrades, Downgrades For October 2, 2023
2 Oct 23
DA Davidson Downgrades Sandy Spring Bancorp to Neutral, Lowers Price Target to $22
2 Oct 23
Unleashing Growth Potential: Sandy Spring Bancorp Surpasses Expectations with Strong Performance and Increasing Profits
16 Aug 23
Surpassing Expectations: First Busey Unleashes Growth Potential and Rewards Investors
28 Jul 23
Sandy Spring Bancorp Q2 EPS $0.55 Misses $0.66 Estimate, Sales $107.65M Beat $97.00M Estimate
25 Jul 23