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Sandy Spring Bancorp Inc (SASR.O)

SASR.O on Nasdaq

39.07USD
26 May 2017
Change (% chg)

$-0.27 (-0.69%)
Prev Close
$39.34
Open
$39.32
Day's High
$39.35
Day's Low
$38.72
Volume
61,698
Avg. Vol
87,661
52-wk High
$45.64
52-wk Low
$27.06

Latest Key Developments (Source: Significant Developments)

Sandy Spring Bancorp to buy WashingtonFirst Bankshares
Tuesday, 16 May 2017 07:00am EDT 

May 16 (Reuters) - Sandy Spring Bancorp Inc :Sandy spring bancorp acquisition of washingtonfirst bankshares to create region’s largest, locally-headquartered community bank.Sandy spring bancorp inc - have entered into a definitive agreement for sandy spring to acquire virginia-based washingtonfirst.Sandy spring bancorp inc says upon closing, sandy spring bank will merge washingtonfirst bank into sandy spring bank.Sandy spring bancorp inc says transaction, which is expected to close in q4, has a value of $489 million in aggregate.Says upon closing, sandy spring shareholders will own approximately 67.8% of combined company.Sandy spring bancorp inc - transaction has been unanimously approved by board of directors of each company.Sandy spring bancorp - washingtonfirst shareholders are expected to receive 0.8713 shares of co's stock for each share owned of washingtonfirst common stock.Says upon closing, washingtonfirst's shareholders will own approximately 32.2% of combined company.Sandy spring -upon closing, sandy spring shareholders will own about 67.8% of combined co and washingtonfirst's shareholders will own about 32.2% of combined co.  Full Article

Sandy Spring Bancorp Q1 EPS $0.63
Thursday, 20 Apr 2017 07:00am EDT 

April 20 (Reuters) - Sandy Spring Bancorp Inc :Sandy spring bancorp reports record net income of $15.1 million for the first quarter.Q1 earnings per share $0.63.Q1 earnings per share view $0.53 -- Thomson Reuters I/B/E/S.Net interest income for q1 of 2017 increased 11% compared to q1 of 2016.Qtrly net interest income $40.3 million versus $36.1 million.  Full Article

Sandy Spring Bancorp reports net income of $13.3 mln for the fourth quarter
Thursday, 19 Jan 2017 07:00am EST 

Sandy Spring Bancorp Inc : Sandy Spring Bancorp reports net income of $13.3 million for the fourth quarter and record annual earnings of $48.3 million . Q4 earnings per share $0.55 . Q4 earnings per share view $0.50 -- Thomson Reuters I/B/E/S . Sandy Spring Bancorp Inc says tangible common equity totaled $454 million at December 31, 2016 compared to $441 million at December 31, 2015 .Sandy Spring Bancorp Inc says net interest income for Q4 of 2016 increased 9% compared to Q4 of 2015.  Full Article

Sandy Spring Bancorp reports Q2 earnings per share $0.44
Thursday, 21 Jul 2016 07:00am EDT 

Sandy Spring Bancorp Inc : Q2 earnings per share $0.44 . Q2 earnings per share view $0.45 -- Thomson Reuters I/B/E/S . Net interest income for q2 of 2016 increased 8% compared to Q2 of 2015 .Sandy Spring Bancorp reports net income of $10.6 million for the second quarter.  Full Article

Sandy Spring Bancorp Inc increases cash dividend to $0.24 per share
Thursday, 29 Oct 2015 10:00am EDT 

Sandy Spring Bancorp Inc:Declared a quarterly common stock dividend of $0.24 per share payable on November 18 to shareholders of record date as on November 11.Declared dividend is an increase of $0.02 over the dividend paid in the third quarter of 2015.  Full Article

Sandy Spring Bancorp Inc announces stock repurchase program
Thursday, 27 Aug 2015 06:59am EDT 

Sandy Spring Bancorp Inc:Announces stock repurchase program.Announced that the company's board of directors has authorized the repurchase of up to 1.2 million shares.Says repurchase authorization replaces the company's existing repurchase program that expires August 31, 2015.  Full Article

Sandy Spring Bancorp Inc declares quarterly common stock dividend
Thursday, 30 Jul 2015 07:45am EDT 

Sandy Spring Bancorp Inc:Declared quarterly common stock dividend of $0.22 per share.Dividend payable on Aug. 19 to shareholders of record on Aug. 12.  Full Article

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BRIEF-Sandy Spring Bancorp to buy WashingtonFirst Bankshares

* Sandy spring bancorp acquisition of washingtonfirst bankshares to create region’s largest, locally-headquartered community bank