SASR - Sandy Spring Bancorp: Attractive Dividend Yield And Price Upside But Risks Call For Vigilance
2023-05-01 23:36:40 ET
Summary
- Earnings will likely dip this year because the average net interest margin for 2023 will be lower compared to last year.
- The probability of a deposit run is very low, and SASR running aground is out of the question. However, a run on the bank can hurt the margin.
- The year-end target price suggests a very high upside from the current market price.
- SASR is offering a dividend yield of 6.0%. Further, the dividend appears secure despite the earnings outlook.
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Sandy Spring Bancorp: Attractive Dividend Yield And Price Upside, But Risks Call For Vigilance