WASH vs. HBNC, GSBC, HMST, CTBI, CNOB, NBTB, OFG, TBBK, RNST, and WSBC
Should you be buying Washington Trust Bancorp stock or one of its competitors? The main competitors of Washington Trust Bancorp include Horizon Bancorp (HBNC), Great Southern Bancorp (GSBC), HomeStreet (HMST), Community Trust Bancorp (CTBI), ConnectOne Bancorp (CNOB), NBT Bancorp (NBTB), OFG Bancorp (OFG), Bancorp (TBBK), Renasant (RNST), and WesBanco (WSBC). These companies are all part of the "finance" sector.
Horizon Bancorp (NASDAQ:HBNC) and Washington Trust Bancorp (NASDAQ:WASH) are both small-cap finance companies, but which is the better business? We will compare the two companies based on the strength of their earnings, institutional ownership, dividends, community ranking, media sentiment, profitability, analyst recommendations, risk and valuation.
64.5% of Horizon Bancorp shares are owned by institutional investors. Comparatively, 65.8% of Washington Trust Bancorp shares are owned by institutional investors. 2.8% of Horizon Bancorp shares are owned by insiders. Comparatively, 1.7% of Washington Trust Bancorp shares are owned by insiders. Strong institutional ownership is an indication that large money managers, hedge funds and endowments believe a stock is poised for long-term growth.
Washington Trust Bancorp has lower revenue, but higher earnings than Horizon Bancorp. Washington Trust Bancorp is trading at a lower price-to-earnings ratio than Horizon Bancorp, indicating that it is currently the more affordable of the two stocks.
In the previous week, Horizon Bancorp and Horizon Bancorp both had 6 articles in the media. Washington Trust Bancorp's average media sentiment score of 0.97 beat Horizon Bancorp's score of 0.43 indicating that Horizon Bancorp is being referred to more favorably in the media.
Horizon Bancorp pays an annual dividend of $0.64 per share and has a dividend yield of 5.3%. Washington Trust Bancorp pays an annual dividend of $2.24 per share and has a dividend yield of 8.6%. Horizon Bancorp pays out 118.5% of its earnings in the form of a dividend, suggesting it may not have sufficient earnings to cover its dividend payment in the future. Washington Trust Bancorp pays out 82.7% of its earnings in the form of a dividend, suggesting it may not have sufficient earnings to cover its dividend payment in the future. Horizon Bancorp has increased its dividend for 13 consecutive years and Washington Trust Bancorp has increased its dividend for 13 consecutive years. Washington Trust Bancorp is clearly the better dividend stock, given its higher yield and lower payout ratio.
Horizon Bancorp received 122 more outperform votes than Washington Trust Bancorp when rated by MarketBeat users. Likewise, 58.63% of users gave Horizon Bancorp an outperform vote while only 53.74% of users gave Washington Trust Bancorp an outperform vote.
Horizon Bancorp has a beta of 1.04, meaning that its share price is 4% more volatile than the S&P 500. Comparatively, Washington Trust Bancorp has a beta of 0.8, meaning that its share price is 20% less volatile than the S&P 500.
Horizon Bancorp currently has a consensus price target of $12.50, suggesting a potential upside of 3.99%. Given Washington Trust Bancorp's stronger consensus rating and higher possible upside, equities research analysts clearly believe Horizon Bancorp is more favorable than Washington Trust Bancorp.
Washington Trust Bancorp has a net margin of 12.01% compared to Washington Trust Bancorp's net margin of 7.02%. Horizon Bancorp's return on equity of 10.11% beat Washington Trust Bancorp's return on equity.
Summary
Horizon Bancorp beats Washington Trust Bancorp on 11 of the 19 factors compared between the two stocks.
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This chart shows the number of new MarketBeat users adding WASH and its top 5 competitors to their watchlist. Each company is represented with a line over a 90 day period.
This chart shows the average media sentiment of NASDAQ and its competitors over the past 90 days as caculated by MarketBeat. The averaged score is equivalent to the following: Very Negative Sentiment <= -1.5, Negative Sentiment > -1.5 and <= -0.5, Neutral Sentiment > -0.5 and < 0.5, Positive Sentiment >= 0.5 and < 1.5, and Very Positive Sentiment >= 1.5.
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