Seaport Res Ptn Issues Negative Estimate for WASH Earnings

Washington Trust Bancorp, Inc. (NASDAQ:WASH - Free Report) - Equities researchers at Seaport Res Ptn dropped their Q2 2026 earnings estimates for shares of Washington Trust Bancorp in a note issued to investors on Tuesday, April 29th. Seaport Res Ptn analyst L. Hunsicker now anticipates that the financial services provider will post earnings of $0.75 per share for the quarter, down from their prior estimate of $0.76. Seaport Res Ptn currently 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 FY2026 earnings at $2.98 EPS.

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

WASH has been the topic of a number of other reports. Keefe, Bruyette & Woods dropped their price target on shares of Washington Trust Bancorp from $34.00 to $31.00 and set a "market perform" rating on the stock in a research note on Tuesday, April 22nd. StockNews.com raised shares of Washington Trust Bancorp from a "sell" rating to a "hold" rating in a report on Friday, January 31st.

Washington Trust Bancorp Stock Performance

NASDAQ WASH traded down $0.08 during trading on Thursday, hitting $28.20. 31,753 shares of the company's stock traded hands, compared to its average volume of 145,543. The company has a debt-to-equity ratio of 2.63, a quick ratio of 1.10 and a current ratio of 1.10. The stock has a market capitalization of $543.58 million, a price-to-earnings 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 business has a 50 day moving average of $29.02 and a 200-day moving average of $32.24.

Institutional Investors Weigh In On Washington Trust Bancorp

Several hedge funds have recently bought and sold shares of the stock. Wilmington Savings Fund Society FSB bought a new stake in shares of Washington Trust Bancorp during the 3rd quarter worth $32,000. Hantz Financial Services Inc. boosted its holdings in shares of Washington Trust Bancorp by 15,152.6% in the 4th quarter. Hantz Financial Services Inc. now owns 2,898 shares of the financial services provider's stock worth $91,000 after purchasing an additional 2,879 shares in the last quarter. KLP Kapitalforvaltning AS bought a new position in shares of Washington Trust Bancorp during the 4th quarter valued at about $97,000. State of Tennessee Department of Treasury purchased a new position in shares of Washington Trust Bancorp during the 4th quarter valued at about $131,000. Finally, Sanders Morris Harris LLC bought a new stake in Washington Trust Bancorp in the 1st quarter worth approximately $216,000. 65.81% of the stock is currently owned by institutional investors.

Washington Trust Bancorp Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, April 11th. Investors of record on Tuesday, April 1st were given a $0.56 dividend. This represents a $2.24 annualized dividend and a dividend yield of 7.94%. The ex-dividend date was Tuesday, April 1st. Washington Trust Bancorp's dividend payout ratio (DPR) is -143.59%.

About Washington Trust Bancorp

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.