Sandy Spring Bancorp: Yet Another Undervalued Community Bank

Sandy Spring Bancorp Inc (SASR) is the fourth undervalued community bank that I am highlighting. This bank has operations in Maryland, Virginia, and Washington DC. The bank showed up as one of five banks passing several screens assessing dividend, dividend safety, valuation, and volatility. This bank is conservatively run and presently undervalued and the yield is about 3.5%. Sandy Spring had long-term dividend growth that was interrupted by the Great Recession. Since then the bank has raised the dividend at a rapid clip but the growth rate may slow due to acquisitions. With that said, I view the bank as a long-term buy due to its location in relatively high population growth areas with high incomes.

Please read the complete article at my profile on Seeking Alpha.

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