Seaport Res Ptn Issues Negative Outlook for WASH Earnings

Washington Trust Bancorp, Inc. (NASDAQ:WASH - Free Report) - Seaport Res Ptn lowered their Q2 2025 EPS estimates for shares of Washington Trust Bancorp in a research note issued on Tuesday, April 29th. Seaport Res Ptn analyst L. Hunsicker now forecasts that the financial services provider will post earnings of $0.65 per share for the quarter, down from their prior estimate of $0.70. Seaport Res Ptn has a "Strong-Buy" rating on the stock. The consensus estimate for Washington Trust Bancorp's current full-year earnings is $2.76 per share. Seaport Res Ptn also issued estimates for Washington Trust Bancorp's Q3 2025 earnings at $0.67 EPS, Q4 2025 earnings at $0.66 EPS, FY2025 earnings at $2.59 EPS, Q1 2026 earnings at $0.67 EPS, Q3 2026 earnings at $0.78 EPS and Q4 2026 earnings at $0.78 EPS.

Washington Trust Bancorp (NASDAQ:WASH - Get Free Report) last posted its quarterly earnings data on Monday, April 21st. The financial services provider reported $0.61 earnings per share for the quarter, missing analysts' consensus estimates of $0.62 by ($0.01). The company had revenue of $59.07 million for the quarter, compared to analysts' expectations of $53.16 million. Washington Trust Bancorp had a negative net margin of 6.90% and a positive return on equity of 8.99%.

Several other equities research analysts have also recently issued reports on WASH. StockNews.com upgraded shares of Washington Trust Bancorp from a "sell" rating to a "hold" rating in a research report on Friday, January 31st. Keefe, Bruyette & Woods lowered their price target on shares of Washington Trust Bancorp from $34.00 to $31.00 and set a "market perform" rating for the company in a report on Tuesday, April 22nd.

Washington Trust Bancorp Price Performance

NASDAQ:WASH traded up $0.09 on Friday, reaching $28.19. 30,853 shares of the company's stock traded hands, compared to its average volume of 145,592. The stock has a 50-day simple moving average of $28.95 and a 200-day simple moving average of $32.21. The firm has a market cap of $543.31 million, a PE ratio of -18.16 and a beta of 0.89. Washington Trust Bancorp has a 12 month low of $24.70 and a 12 month high of $40.59. The company has a quick ratio of 1.10, a current ratio of 1.10 and a debt-to-equity ratio of 2.63.

Washington Trust Bancorp Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, April 11th. Shareholders of record on Tuesday, April 1st were issued a $0.56 dividend. The ex-dividend date was Tuesday, April 1st. This represents a $2.24 dividend on an annualized basis and a yield of 7.95%. Washington Trust Bancorp's dividend payout ratio is presently -143.59%.

Institutional Investors Weigh In On Washington Trust Bancorp

Several institutional investors have recently bought and sold shares of the company. Retirement Planning Co of New England Inc. acquired a new position in shares of Washington Trust Bancorp in the first quarter valued at about $575,000. Napatree Capital LLC raised its holdings in Washington Trust Bancorp by 10.5% in the 1st quarter. Napatree Capital LLC now owns 61,606 shares of the financial services provider's stock worth $1,901,000 after purchasing an additional 5,833 shares during the period. Victory Capital Management Inc. boosted its position in Washington Trust Bancorp by 15.0% during the first quarter. Victory Capital Management Inc. now owns 30,700 shares of the financial services provider's stock worth $947,000 after purchasing an additional 4,000 shares in the last quarter. CWM LLC increased its position in shares of Washington Trust Bancorp by 134.1% in the first quarter. CWM LLC now owns 11,767 shares of the financial services provider's stock valued at $363,000 after buying an additional 6,741 shares in the last quarter. Finally, Linden Thomas Advisory Services LLC raised its stake in shares of Washington Trust Bancorp by 1.1% during the 1st quarter. Linden Thomas Advisory Services LLC now owns 36,775 shares of the financial services provider's stock worth $1,135,000 after buying an additional 401 shares during the period. 65.81% of the stock is currently owned by institutional investors and hedge funds.

Washington Trust Bancorp Company Profile

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.