As at Apr 29, 2024, the SASR stock has a price-to-earnings ratio of 7.64. This is based on the current EPS of $2.74 and the stock price of $20.92 per share. The current PE ratio is comparable to the past four-quarter average.
The mean historical PE ratio of Sandy Spring Bancorp over the last ten years is 13.23. The current 7.64 PE ratio is 42% below the historical average. In the past ten years, SASR's PE ratio was at its highest in the Dec 2016 quarter at 20, with a price of $39.99 and an EPS of $2. The Mar 2023 quarter recorded the bottom point at 6.73, with a price of $25.98 and an EPS of $3.86.
Maximum annual increase: 36.52% in 2016
Maximum annual decrease: -37.37% in 2018
| Year | PE ratio | Change |
|---|---|---|
| 2023 | 9.94 | 4.08% |
| 2022 | 9.55 | -0.73% |
| 2021 | 9.62 | -34.56% |
| 2020 | 14.7 | 26.07% |
| 2019 | 11.66 | 4.95% |
| 2018 | 11.11 | -37.37% |
| 2017 | 17.74 | -11.3% |
| 2016 | 20 | 36.52% |
| 2015 | 14.65 | -14.08% |
| 2014 | 17.05 | 7.64% |
The current PE ratio of SASR is lower than the 3, 5 and 10-year averages.
Compared to its peers FNB and FULT, SASR's PE ratio stands lower, however it is higher than EGBN's. Sandy Spring Bancorp's current PE ratio of 7.64 is below the average of its peers, which is 12.2.
| Stock name | PE ratio | Market cap |
|---|---|---|
| EGBN Eagle Bancorp Inc | 5.73 | $567.45M |
| SASR Sandy Spring Bancorp Inc | 7.64 | $940.15M |
| FUNC First United Corp | 10.06 | $150.4M |
| FULT Fulton Financial Corp | 10.12 | $2.72B |
| FNB Fnb Corp | 10.27 | $4.87B |
| SHBI Shore Bancshares Inc | 24.83 | $346.39M |
SASR stock has a price to earnings ratio of 7.64 as of Apr 29, 2024.
The average PE ratio for SASR stock over the past 3 years is 8.72.
The average PE ratio for SASR stock over the past 5 years is 10.21.
Over the last ten years, the quarterly PE ratio reached a historic high of 20 in the Dec 2016 quarter.
SASR's current price to earnings ratio is 42% below its 10-year historical average.
SASR's PE ratio is low because the stock price is relatively cheap compared to the earnings generated by the company.
The PE ratio is calculated by taking the latest stock price and dividing it by the EPS for the last 12 months. As of today (Apr 29, 2024), Sandy Spring Bancorp's stock price is $20.92. The earnings per share for the trailing twelve months (TTM) ending Dec 2023 is $2.74. Therefore, Sandy Spring Bancorp's P/E ratio for today is 7.64. PE RATIO(7.64) = STOCK PRICE($20.92) / TTM EPS($2.74)
All PE ratio stats are based on quarterly TTM periods, unless otherwise specified.