Split History
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Sandy Spring Bancorp (SASR) has 2 splits in our SASR split history database. The first split for SASR took place on February 24, 1998. This was a 2 for 1 split, meaning for each share of SASR owned pre-split, the shareholder now owned 2 shares. For example, a 1000 share position pre-split, became a 2000 share position following the split. SASR's second split took place on December 21, 2001. This was a 3 for 2 split, meaning for each 2 shares of SASR owned pre-split, the shareholder now owned 3 shares. For example, a 2000 share position pre-split, became a 3000 share position following the split.
When a company such as Sandy Spring Bancorp splits its shares, the market capitalization before and after the split takes place remains stable, meaning the shareholder now owns more shares but each are valued at a lower price per share. Often, however, a lower priced stock on a per-share basis can attract a wider range of buyers. If that increased demand causes the share price to appreciate, then the total market capitalization rises post-split. This does not always happen, however, often depending on the underlying fundamentals of the business.
Looking at the SASR split history from start to finish, an original position size of 1000 shares would have turned into 3000 today. Below, we examine the compound annual growth rate — CAGR for short — of an investment into Sandy Spring Bancorp shares, starting with a $10,000 purchase of SASR, presented on a split-history-adjusted basis factoring in the complete SASR split history.
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Growth of $10,000.00 With Dividends Reinvested |
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| Start date: | 04/29/2014 | ||
| End date: | 04/25/2024 | ||
| Start price/share: | $24.03 | ||
| End price/share: | $21.37 | ||
| Starting shares: | 416.15 | ||
| Ending shares: | 591.38 | ||
| Dividends reinvested/share: | $11.14 | ||
| Total return: | 26.38% | ||
| Average Annual Total Return: | 2.37% | ||
| Starting investment: | $10,000.00 | ||
| Ending investment: | $12,638.61 | ||
| Years: | 10.00 | ||
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Growth of $10,000.00 Without Dividends Reinvested |
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| Start date: | 04/29/2014 | ||
| End date: | 04/25/2024 | ||
| Start price/share: | $24.03 | ||
| End price/share: | $21.37 | ||
| Dividends collected/share: | $11.14 | ||
| Total return: | 35.29% | ||
| Average Annual Total Return: | 3.07% | ||
| Starting investment: | $10,000.00 | ||
| Ending investment: | $13,529.66 | ||
| Years: | 10.00 | ||
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| About Sandy Spring Bancorp |
| Sandy Spring Bancorp is a bank holding company. Through its subsidiary, Sandy Spring Bank, Co. conducts commercial banking, mortgage banking and trust business. Services to individuals and businesses include accepting deposits, extending credit to buy real estate or equipment, consumer and commercial loans and lines of credit, and investment and wealth management services. Co. operates in central Maryland, Northern Virginia and the greater Washington D.C. market. Co. also invests primarily in U.S. Treasury and Agency securities, U.S. Agency mortgage-backed and asset-backed securities, U.S. Agency collateralized mortgage obligations, municipal bonds and, to a minimal extent, corporate bonds. According to our SASR split history records, Sandy Spring Bancorp has had 2 splits. |
| SASR Split History Table | |
| Date | Ratio |
| 02/24/1998 | 2 for 1 |
| 12/21/2001 | 3 for 2 |
| Financials Stock Splits |
| SASR is categorized under the Financials sector; below are some other companies in the same sector that also have a history of stock splits:
SBB Split History Also explore: SASR shares outstanding history
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