Sandy Spring Bancorp declares a quarterly dividend of $0.34 per share, payable on February 19, 2025.
Quiver AI Summary
Sandy Spring Bancorp, Inc. announced a quarterly dividend of $0.34 per share, payable on February 19, 2025, to shareholders on record as of February 12, 2025. This dividend remains unchanged from the previous quarter and the first quarter of 2024. Sandy Spring Bancorp, headquartered in Olney, Maryland, is the parent company of Sandy Spring Bank, which operates over 50 locations in the Greater Washington, D.C. area, providing a range of banking and wealth management services across Maryland, Virginia, and D.C.
Potential Positives
- The board of directors declared a quarterly common stock dividend of $0.34 per share, maintaining consistency and providing returns to shareholders.
- This dividend announcement reflects the company’s stable financial performance and commitment to returning value to shareholders.
- Consistent dividend payments can enhance investor confidence and potentially attract new investors to the company's stock.
- The company maintains a strong presence as a premier community bank with over 50 locations, indicating its established market position in the Greater Washington, D.C. region.
Potential Negatives
- The decision to maintain the dividend at $0.34 per share, without any increase, may indicate that the company is not experiencing sufficient growth or profitability to justify a higher return to shareholders.
- The lack of any new strategic initiatives or growth projections in the announcement may lead to concern among investors regarding the company's future prospects.
- Maintaining a consistent dividend amidst potential economic volatility could place strain on the company’s financial resources if future earnings do not meet expectations.
FAQ
What is the dividend declared by Sandy Spring Bancorp for Q1 2025?
Sandy Spring Bancorp declared a quarterly common stock dividend of $0.34 per share for Q1 2025.
When will the dividend be payable?
The dividend will be payable on February 19, 2025, to shareholders of record on February 12, 2025.
How does the latest dividend compare to previous quarters?
This dividend is consistent with the previous linked quarter and the first quarter of 2024.
Where is Sandy Spring Bancorp located?
Sandy Spring Bancorp is headquartered in Olney, Maryland, serving the Greater Washington, D.C. region.
What services does Sandy Spring Bank offer?
Sandy Spring Bank offers commercial and retail banking, mortgage, private banking, trust services, and wealth management.
Disclaimer: This is an AI-generated summary of a press release distributed by GlobeNewswire. The model used to summarize this release may make mistakes. See the full release here.
$SASR Hedge Fund Activity
We have seen 86 institutional investors add shares of $SASR stock to their portfolio, and 95 decrease their positions in their most recent quarter.
Here are some of the largest recent moves:
- FRANKLIN RESOURCES INC added 615,591 shares (+93.9%) to their portfolio in Q3 2024, for an estimated $19,311,089
- BASSWOOD CAPITAL MANAGEMENT, L.L.C. added 448,184 shares (+2164.4%) to their portfolio in Q3 2024, for an estimated $14,059,532
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- FOUNDRY PARTNERS, LLC removed 282,026 shares (-100.0%) from their portfolio in Q3 2024, for an estimated $8,847,155
- VERITION FUND MANAGEMENT LLC added 237,118 shares (+inf%) to their portfolio in Q3 2024, for an estimated $7,438,391
- AQR CAPITAL MANAGEMENT LLC removed 192,368 shares (-40.6%) from their portfolio in Q3 2024, for an estimated $6,034,584
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Full Release
OLNEY, Md., Jan. 30, 2025 (GLOBE NEWSWIRE) -- Sandy Spring Bancorp, Inc., (Nasdaq- SASR), the parent company of Sandy Spring Bank, announced that the board of directors declared a quarterly common stock dividend of $0.34 per share payable on February 19, 2025 to shareholders of record on February 12, 2025. This dividend is consistent with the previous linked quarter and the first quarter of 2024.
About Sandy Spring Bancorp, Inc./Sandy Spring Bank
Sandy Spring Bancorp, Inc., headquartered in Olney, Maryland, is the holding company for Sandy Spring Bank, a premier community bank in the Greater Washington, D.C. region. With over 50 locations , the bank offers a broad range of commercial and retail banking , mortgage , private banking , and trust services throughout Maryland, Virginia, and Washington, D.C. Through its subsidiaries, Rembert Pendleton Jackson and West Financial Services, Inc. , Sandy Spring Bank also offers a comprehensive menu of wealth management services.
For additional information or questions, please contact: | ||
Daniel J. Schrider, Chair, President & Chief Executive Officer, or | ||
Charles S. Cullum, Executive V.P. & Chief Financial Officer | ||
Sandy Spring Bancorp | ||
17801 Georgia Avenue | ||
Olney, Maryland 20832 | ||
1-800-399-5919 | ||
E-mail: [email protected] | ||
[email protected] | ||
Website: www.sandyspringbank.com | ||
Media Contact: | ||
Amber Washington, Senior Vice President | ||
301.774.6400 x5697 | ||
[email protected] |