Washington Trust Bancorp (NASDAQ:WASH - Get Free Report) is set to announce its earnings results before the market opens on Monday, April 22nd. Analysts expect the company to announce earnings of $0.43 per share for the quarter.
Washington Trust Bancorp (NASDAQ:WASH - Get Free Report) last released its quarterly earnings results on Wednesday, January 24th. The financial services provider reported $0.76 earnings per share for the quarter, topping analysts' consensus estimates of $0.54 by $0.22. Washington Trust Bancorp had a return on equity of 10.53% and a net margin of 13.19%. The business had revenue of $45.96 million for the quarter, compared to analysts' expectations of $47.38 million. On average, analysts expect Washington Trust Bancorp to post $2 EPS for the current fiscal year and $2 EPS for the next fiscal year.
Washington Trust Bancorp Price Performance
NASDAQ WASH traded down $0.38 during mid-day trading on Monday, hitting $24.54. The stock had a trading volume of 106,050 shares, compared to its average volume of 89,359. The company has a 50 day simple moving average of $25.96 and a 200 day simple moving average of $27.27. The company has a quick ratio of 1.07, a current ratio of 1.07 and a debt-to-equity ratio of 2.57. The company has a market cap of $417.92 million, a price-to-earnings ratio of 8.79 and a beta of 0.81. Washington Trust Bancorp has a 52-week low of $21.69 and a 52-week high of $33.96.
Washington Trust Bancorp Announces Dividend
The company also recently declared a quarterly dividend, which was paid on Friday, April 12th. Stockholders of record on Monday, April 1st were given a $0.56 dividend. This represents a $2.24 dividend on an annualized basis and a dividend yield of 9.13%. The ex-dividend date of this dividend was Thursday, March 28th. Washington Trust Bancorp's dividend payout ratio is currently 79.72%.
Institutional Inflows and Outflows
Several institutional investors have recently modified their holdings of the stock. Captrust Financial Advisors increased its position in Washington Trust Bancorp by 16,450.0% during the second quarter. Captrust Financial Advisors now owns 662 shares of the financial services provider's stock worth $32,000 after buying an additional 658 shares in the last quarter. Tower Research Capital LLC TRC increased its position in Washington Trust Bancorp by 641.3% during the 1st quarter. Tower Research Capital LLC TRC now owns 1,112 shares of the financial services provider's stock worth $39,000 after purchasing an additional 962 shares in the last quarter. Citigroup Inc. increased its position in Washington Trust Bancorp by 31.6% during the 1st quarter. Citigroup Inc. now owns 1,953 shares of the financial services provider's stock worth $68,000 after purchasing an additional 469 shares in the last quarter. Great West Life Assurance Co. Can raised its stake in Washington Trust Bancorp by 27.2% in the 1st quarter. Great West Life Assurance Co. Can now owns 1,530 shares of the financial services provider's stock valued at $84,000 after purchasing an additional 327 shares during the last quarter. Finally, BNP Paribas Financial Markets lifted its holdings in Washington Trust Bancorp by 13.8% in the 4th quarter. BNP Paribas Financial Markets now owns 3,998 shares of the financial services provider's stock valued at $129,000 after purchasing an additional 484 shares in the last quarter. 65.81% of the stock is currently owned by institutional investors and hedge funds.
Wall Street Analysts Forecast Growth
Separately, Seaport Res Ptn cut shares of Washington Trust Bancorp from a "buy" rating to a "neutral" rating in a research note on Wednesday, January 31st.
Get Our Latest Stock Report on WASH
About Washington Trust Bancorp
(
Get Free Report)
Washington Trust Bancorp, Inc operates as the bank holding company for The Washington Trust Company, of Westerly that provides various banking and financial services to individuals and businesses. The company operates in two segments, Commercial Banking and Wealth Management Services. The Commercial Banking segment offers deposit accounts, including interest-bearing and noninterest-bearing demand deposits, NOW and savings accounts, money market and retirement deposit accounts, and time deposits; various commercial and retail lending products, such as commercial real estate loans, including commercial mortgages, and construction and development loans; commercial and industrial loans comprising working capital, equipment financing, and financing for other business-related purposes; residential real estate loans that consist of mortgage and homeowner construction loans; and consumer loans comprising home equity loans and lines of credit, personal installment loans, and loans to individuals secured by general aviation aircraft.
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