Sandy Spring Bancorp: Merger Benefits To Counter Tough Environment [Seeking Alpha]
Sandy Spring Bancorp, Inc. (SASR)
Last sandy spring bancorp, inc. earnings: 4/23 07:00 am
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US:NASDAQ Investor Relations:
snl.com/irw/corporateprofile/100651
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Source: Seeking Alpha
Summary Monetary easing and merger-related expenses are expected to pressurize the bottom-line. Growth in loans and fee income on the back of Revere Bank acquisition is expected to drive earnings up. Margin is also likely to receive support from purchase accounting accretion. December 2020 target price suggests a significant upside. However, due to substantial near-term risks, a neutral rating is appropriate. Sandy Spring Bancorp's ( SASR Benefits from Merger to Mitigate Impact of Interest Rate Fall on Margin SASR's net interest margin, NIM, is expected to face downward pressure from the monetary easing this year. The COVID-19 pandemic has raised threat of an economic recession, which is the driver for Fed funds rate cuts. As SASR's balance sheet is asset sensitive (meaning yields are more responsive than costs are to interest rate movement), the interest rate fall is going to have a negative impact on NIM. However, the acquisition of Revere Bank in the second quarter of this year is
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SASR
News
- Sandy Spring Bancorp (NASDAQ:SASR) Is Paying Out A Dividend Of $0.34 [Yahoo! Finance]Yahoo! Finance
- Sandy Spring Bancorp, Inc. (NASDAQ:SASR) Just Reported First-Quarter Earnings: Have Analysts Changed Their Mind On The Stock? [Yahoo! Finance]Yahoo! Finance
- Sandy Spring Bancorp, Inc. (NASDAQ: SASR) was downgraded by analysts at StockNews.com from a "hold" rating to a "sell" rating.MarketBeat
- Sandy Spring Bancorp Declares Quarterly DividendGlobeNewswire
- Sandy Spring Bancorp, Inc. (NASDAQ: SASR) had its "equal weight" rating re-affirmed by analysts at Stephens. They now have a $25.00 price target on the stock.MarketBeat
SASR
Earnings
- 4/23/24 - Miss
SASR
Sec Filings
- 4/23/24 - Form 8-K
- 4/10/24 - Form DEFA14A
- 4/10/24 - Form DEF
- SASR's page on the SEC website