Washington Trust Bancorp (WASH) Expected to Announce Earnings on Monday

Washington Trust Bancorp (NASDAQ:WASH - Get Free Report) is expected to release its Q2 2025 earnings data after the market closes on Monday, July 21st. Analysts expect Washington Trust Bancorp to post earnings of $0.62 per share and revenue of $54.07 million for the quarter.

Washington Trust Bancorp (NASDAQ:WASH - Get Free Report) last announced its quarterly earnings data 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 analysts' expectations of $53.16 million. Washington Trust Bancorp had a positive return on equity of 8.82% and a negative net margin of 6.60%. On average, analysts expect Washington Trust Bancorp to post $3 EPS for the current fiscal year and $3 EPS for the next fiscal year.

Washington Trust Bancorp Stock Performance

WASH stock traded up $0.29 during trading on Thursday, hitting $29.09. 113,077 shares of the company traded hands, compared to its average volume of 170,614. The stock's 50-day simple moving average is $28.36 and its 200 day simple moving average is $29.68. The company has a debt-to-equity ratio of 1.67, a current ratio of 1.03 and a quick ratio of 1.03. The company has a market cap of $561.15 million, a PE ratio of -18.65, a P/E/G ratio of 0.99 and a beta of 0.90. Washington Trust Bancorp has a 1 year low of $24.95 and a 1 year high of $40.59.

Washington Trust Bancorp Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, July 11th. Investors of record on Tuesday, July 1st were given a dividend of $0.56 per share. This represents a $2.24 annualized dividend and a yield of 7.70%. The ex-dividend date was Tuesday, July 1st. Washington Trust Bancorp's dividend payout ratio is currently -143.59%.

Institutional Trading of Washington Trust Bancorp

An institutional investor recently raised its position in Washington Trust Bancorp stock. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its holdings in Washington Trust Bancorp, Inc. (NASDAQ:WASH - Free Report) by 17.7% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 11,351 shares of the financial services provider's stock after purchasing an additional 1,708 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. owned about 0.06% of Washington Trust Bancorp worth $350,000 at the end of the most recent quarter. Institutional investors and hedge funds own 65.81% of the company's stock.

Analyst Upgrades and Downgrades

WASH has been the subject of several recent research reports. Bank of America initiated coverage on Washington Trust Bancorp in a research report on Wednesday, May 28th. They set a "neutral" rating and a $28.00 price target for the company. Keefe, Bruyette & Woods reduced their price target on Washington Trust Bancorp from $34.00 to $31.00 and set a "market perform" rating for the company in a research report on Tuesday, April 22nd. Four investment analysts have rated the stock with a hold rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and a consensus price target of $31.00.

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.

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