What is Seaport Res Ptn's Forecast for WASH Q3 Earnings?

Key Points

• Seaport Res Ptn has lowered its Q3 2025 earnings per share estimate for Washington Trust Bancorp to $0.42, down from a previous estimate of $0.66.
• Washington Trust Bancorp reported $0.68 earnings per share for Q2 2023, surpassing the consensus estimate of $0.63.
• The company declared a quarterly dividend of $0.56 per share, which translates to an annual yield of 8.5%.

Washington Trust Bancorp, Inc. (NASDAQ:WASH - Free Report) - Stock analysts at Seaport Res Ptn decreased their Q3 2025 earnings per share estimates for Washington Trust Bancorp in a note issued to investors on Wednesday, October 8th. Seaport Res Ptn analyst L. Hunsicker now expects that the financial services provider will earn $0.42 per share for the quarter, down from their previous estimate of $0.66. 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 FY2025 earnings at $2.36 EPS and FY2026 earnings at $2.97 EPS.

Washington Trust Bancorp (NASDAQ:WASH - Get Free Report) last posted its earnings results on Monday, July 21st. The financial services provider reported $0.68 earnings per share for the quarter, beating the consensus estimate of $0.63 by $0.05. The company had revenue of $54.26 million for the quarter, compared to analyst estimates of $54.07 million. Washington Trust Bancorp had a positive return on equity of 9.05% and a negative net margin of 6.10%.During the same quarter in the prior year, the company earned $0.63 earnings per share.

Several other research firms have also weighed in on WASH. Weiss Ratings reissued a "hold (c-)" rating on shares of Washington Trust Bancorp in a report on Wednesday, October 8th. Piper Sandler cut their target price on shares of Washington Trust Bancorp from $28.00 to $27.00 and set an "underweight" rating for the company in a research note on Thursday. One investment analyst has rated the stock with a Strong Buy rating, three have given a Hold rating and one has assigned a Sell rating to the company's stock. According to data from MarketBeat.com, the stock presently has an average rating of "Hold" and an average price target of $28.67.

Washington Trust Bancorp Stock Down 1.5%

Washington Trust Bancorp stock opened at $26.39 on Monday. The company has a debt-to-equity ratio of 1.94, a quick ratio of 1.04 and a current ratio of 1.05. The firm has a market capitalization of $505.50 million, a price-to-earnings ratio of -17.48, a price-to-earnings-growth ratio of 0.85 and a beta of 0.91. Washington Trust Bancorp has a fifty-two week low of $24.95 and a fifty-two week high of $40.59. The stock's fifty day moving average is $29.00 and its two-hundred day moving average is $28.39.

Institutional Trading of Washington Trust Bancorp

A number of hedge funds have recently added to or reduced their stakes in the business. Vanguard Group Inc. boosted its stake in Washington Trust Bancorp by 8.3% in the 1st quarter. Vanguard Group Inc. now owns 1,119,395 shares of the financial services provider's stock worth $34,545,000 after buying an additional 86,062 shares during the last quarter. Geode Capital Management LLC boosted its stake in Washington Trust Bancorp by 1.4% in the 2nd quarter. Geode Capital Management LLC now owns 473,378 shares of the financial services provider's stock worth $13,389,000 after buying an additional 6,570 shares during the last quarter. Franklin Resources Inc. boosted its stake in Washington Trust Bancorp by 91.5% in the 2nd quarter. Franklin Resources Inc. now owns 436,454 shares of the financial services provider's stock worth $12,343,000 after buying an additional 208,586 shares during the last quarter. Hotchkis & Wiley Capital Management LLC raised its holdings in shares of Washington Trust Bancorp by 27.4% in the 1st quarter. Hotchkis & Wiley Capital Management LLC now owns 386,110 shares of the financial services provider's stock worth $11,915,000 after purchasing an additional 82,960 shares during the period. Finally, Invesco Ltd. raised its holdings in shares of Washington Trust Bancorp by 3.0% in the 2nd quarter. Invesco Ltd. now owns 304,400 shares of the financial services provider's stock worth $8,608,000 after purchasing an additional 8,938 shares during the period. 65.81% of the stock is owned by institutional investors and hedge funds.

Washington Trust Bancorp Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, October 10th. Shareholders of record on Wednesday, October 1st were paid a $0.56 dividend. This represents a $2.24 dividend on an annualized basis and a yield of 8.5%. The ex-dividend date of this dividend was Wednesday, October 1st. Washington Trust Bancorp's dividend payout ratio (DPR) is presently -148.34%.

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.

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