What is Seaport Res Ptn's Estimate for WASH Q2 Earnings?

Washington Trust Bancorp, Inc. (NASDAQ:WASH - Free Report) - Stock analysts at Seaport Res Ptn dropped their Q2 2025 earnings estimates for shares of Washington Trust Bancorp in a research note issued on Tuesday, April 29th. Seaport Res Ptn analyst L. Hunsicker now anticipates that the financial services provider will earn $0.65 per share for the quarter, down from their prior forecast 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.

Other research analysts have also recently issued reports about the company. Keefe, Bruyette & Woods reduced their price objective on Washington Trust Bancorp from $34.00 to $31.00 and set a "market perform" rating for the company in a research note on Tuesday, April 22nd. StockNews.com upgraded Washington Trust Bancorp from a "sell" rating to a "hold" rating in a report on Friday, January 31st.

Washington Trust Bancorp Stock Down 1.2 %

Shares of Washington Trust Bancorp stock traded down $0.34 on Friday, reaching $28.28. The stock had a trading volume of 119,150 shares, compared to its average volume of 145,992. The company has a quick ratio of 1.10, a current ratio of 1.10 and a debt-to-equity ratio of 2.63. The stock has a market capitalization of $545.13 million, a P/E ratio of -18.25 and a beta of 0.89. The company has a 50 day moving average price of $29.02 and a 200 day moving average price of $32.24. Washington Trust Bancorp has a 1 year low of $24.70 and a 1 year high of $40.59.

Washington Trust Bancorp (NASDAQ:WASH - Get Free Report) last issued its earnings results on Monday, April 21st. The financial services provider reported $0.61 EPS 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 positive return on equity of 8.99% and a negative net margin of 6.90%.

Institutional Trading of Washington Trust Bancorp

Hedge funds have recently added to or reduced their stakes in the company. Vanguard Group Inc. increased its stake in Washington Trust Bancorp by 10.6% in the fourth quarter. Vanguard Group Inc. now owns 1,033,333 shares of the financial services provider's stock valued at $32,395,000 after purchasing an additional 98,802 shares during the last quarter. Dimensional Fund Advisors LP increased its holdings in shares of Washington Trust Bancorp by 6.7% in the fourth quarter. Dimensional Fund Advisors LP now owns 932,056 shares of the financial services provider's stock valued at $29,220,000 after purchasing an additional 58,176 shares during the period. Geode Capital Management LLC raised its position in Washington Trust Bancorp by 0.5% during the 4th quarter. Geode Capital Management LLC now owns 414,527 shares of the financial services provider's stock worth $12,999,000 after buying an additional 2,181 shares during the last quarter. The Manufacturers Life Insurance Company raised its holdings in Washington Trust Bancorp by 6,117.3% during the fourth quarter. The Manufacturers Life Insurance Company now owns 403,749 shares of the financial services provider's stock worth $12,658,000 after purchasing an additional 397,255 shares in the last quarter. Finally, American Century Companies Inc. lifted its holdings in shares of Washington Trust Bancorp by 1.2% in the 4th quarter. American Century Companies Inc. now owns 325,169 shares of the financial services provider's stock valued at $10,194,000 after buying an additional 3,697 shares during the period. Institutional investors and hedge funds own 65.81% of the company's stock.

Washington Trust Bancorp Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, April 11th. Investors 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 7.92%. Washington Trust Bancorp's dividend payout ratio (DPR) is presently -143.59%.

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.