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PFE   51.54 (+2.59%)
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NASDAQ:WASH

Washington Trust Bancorp - WASH Stock Forecast, Price & News

$48.01
+0.02 (+0.04%)
(As of 12/8/2022 02:49 PM ET)
Add
Compare
Today's Range
$47.77
$48.14
50-Day Range
$46.48
$49.76
52-Week Range
$45.60
$60.96
Volume
734 shs
Average Volume
49,621 shs
Market Capitalization
$824.81 million
P/E Ratio
11.14
Dividend Yield
4.44%
Price Target
$51.00

Washington Trust Bancorp MarketRank™ Forecast

Analyst Rating
Hold
2.00 Rating Score
Upside/​Downside
6.2% Upside
$51.00 Price Target
Short Interest
Bearish
3.18% of Float Sold Short
Dividend Strength
Strong
Based on Four Factors
Sustainability
N/A
News Sentiment
0.23mentions of Washington Trust Bancorp in the last 14 days
Based on 10 Articles This Week
Insider Trading
N/A
Proj. Earnings Growth
12.23%
From $4.17 to $4.68 Per Share

Overall MarketRank

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

2.05 out of 5 stars

Finance Sector

648th out of 862 stocks

State Commercial Banks Industry

144th out of 181 stocks

WASH stock logo

About Washington Trust Bancorp (NASDAQ:WASH) Stock

Washington Trust Bancorp, Inc. operates as the bank holding company for The Washington Trust Company, of Westerly that offers 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 provides various commercial and retail lending products, such as commercial real estate loans, including commercial mortgages and construction loans; commercial and industrial loans; 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. This segment also offers deposit accounts, including interest-bearing and noninterest-bearing demand deposits, NOW and savings accounts, money market and retirement deposit accounts, and time deposits, as well as debit card, automated teller machine, telephone banking, internet banking, mobile banking, remote deposit capture, and other cash management services. The Wealth Management Services segment provides investment management; financial planning; personal trust and estate services, such as trustee, personal representative, custodian, and guardian; and settlement of decedents' estates, as well as institutional trust services comprising custody and fiduciary services. This segment serves personal and institutional clients. The company also operates as a licensed broker-dealer; and offers variable annuities and college savings plans. As of December 31, 2021, it had 10 branch offices located in southern Rhode Island, 13 branch offices located in the greater Providence area in Rhode Island, and 1 branch office located in southeastern Connecticut. Washington Trust Bancorp, Inc. was founded in 1800 and is headquartered in Westerly, Rhode Island.

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WASH Stock News Headlines

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Transcript: Trust in Science
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WASH Company Calendar

Ex-Dividend for 10/7 Dividend
9/30/2022
Dividend Payable
10/07/2022
Last Earnings
10/24/2022
Today
12/08/2022
Fiscal Year End
12/31/2022
Next Earnings (Estimated)
1/25/2023

Industry, Sector and Symbol

Industry
State commercial banks
Sub-Industry
Regional Banks
Sector
Finance
Current Symbol
NASDAQ:WASH
CUSIP
94061010
Employees
623
Year Founded
1800

Price Target and Rating

Average Stock Price Forecast
$51.00
High Stock Price Forecast
$53.00
Low Stock Price Forecast
$49.00
Forecasted Upside/Downside
+6.2%
Consensus Rating
Hold
Rating Score (0-4)
2.00
Research Coverage
2 Analysts

Profitability

Net Income
$76.87 million
Pretax Margin
39.42%

Debt

Sales & Book Value

Annual Sales
$245.39 million
Cash Flow
$4.80 per share
Book Value
$32.53 per share

Miscellaneous

Free Float
16,937,000
Market Cap
$824.81 million
Optionable
Optionable
Beta
0.77

Social Links


Key Executives

  • Mr. Edward Otis Handy III (Age 60)
    Chairman & CEO
    Comp: $1.28M
  • Mr. Mark Kenyon Wever Gim (Age 56)
    Pres & COO
    Comp: $633.4k
  • Mr. Ronald S. Ohsberg CPA (Age 57)
    Sr. EVP, CFO & Treasurer
    Comp: $511.38k
  • Ms. Mary E. Noons (Age 60)
    Exec. VP & Chief Retail Lending Officer of The Washington Trust Company of Westerly
    Comp: $458.64k
  • Ms. Maria N. Janes CPA (Age 51)
    CPA, Exec. VP, Chief Accounting Officer & Controller
  • Ms. Elizabeth B. Eckel (Age 62)
    Sr. VP and Chief Marketing & Corp. Communications Officer
  • Ms. Kristen L. DiSanto (Age 52)
    Sr. EVP, Chief HR Officer & Corp. Sec.
  • Mr. Joseph M. Confessore
    Sr. VP of Wealth Management & Commercial Banking













WASH Stock - Frequently Asked Questions

Should I buy or sell Washington Trust Bancorp stock right now?

2 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Washington Trust Bancorp in the last year. There are currently 2 hold ratings for the stock. The consensus among Wall Street research analysts is that investors should "hold" WASH shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in WASH, but not buy additional shares or sell existing shares.
View WASH analyst ratings
or view top-rated stocks.

What is Washington Trust Bancorp's stock price forecast for 2023?

2 Wall Street research analysts have issued 1 year price objectives for Washington Trust Bancorp's stock. Their WASH share price forecasts range from $49.00 to $53.00. On average, they predict the company's share price to reach $51.00 in the next year. This suggests a possible upside of 6.6% from the stock's current price.
View analysts price targets for WASH
or view top-rated stocks among Wall Street analysts.

How have WASH shares performed in 2022?

Washington Trust Bancorp's stock was trading at $56.37 at the beginning of 2022. Since then, WASH shares have decreased by 15.1% and is now trading at $47.85.
View the best growth stocks for 2022 here
.

When is Washington Trust Bancorp's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Wednesday, January 25th 2023.
View our WASH earnings forecast
.

How were Washington Trust Bancorp's earnings last quarter?

Washington Trust Bancorp, Inc. (NASDAQ:WASH) released its quarterly earnings data on Monday, October, 24th. The financial services provider reported $1.08 EPS for the quarter, topping the consensus estimate of $1.04 by $0.04. The financial services provider earned $57.85 million during the quarter, compared to analyst estimates of $54.80 million. Washington Trust Bancorp had a trailing twelve-month return on equity of 15.15% and a net margin of 30.94%. During the same period last year, the business earned $1.07 earnings per share.

How often does Washington Trust Bancorp pay dividends? What is the dividend yield for Washington Trust Bancorp?

Washington Trust Bancorp announced a quarterly dividend on Thursday, September 15th. Shareholders of record on Monday, October 3rd will be given a dividend of $0.54 per share on Friday, October 7th. This represents a $2.16 dividend on an annualized basis and a dividend yield of 4.51%. The ex-dividend date is Friday, September 30th.
Read our dividend analysis for WASH
.

Is Washington Trust Bancorp a good dividend stock?

Washington Trust Bancorp (NASDAQ:WASH) pays an annual dividend of $2.16 per share and currently has a dividend yield of 4.44%. WASH has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. The company has been increasing its dividend for 11 consecutive years, indicating the company has a strong committment to maintain and grow its dividend. The dividend payout ratio is 50.12%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, WASH will have a dividend payout ratio of 46.15% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for WASH.

What is Edward O. Handy III's approval rating as Washington Trust Bancorp's CEO?

2 employees have rated Washington Trust Bancorp Chief Executive Officer Edward O. Handy III on Glassdoor.com. Edward O. Handy III has an approval rating of 100% among the company's employees. This puts Edward O. Handy III in the top 10% of approval ratings compared to other CEOs of publicly-traded companies.

What other stocks do shareholders of Washington Trust Bancorp own?

Based on aggregate information from My MarketBeat watchlists, some companies that other Washington Trust Bancorp investors own include Walt Disney (DIS), McDonald's (MCD), Q BioMed (QBIO), Bank of America (BAC), Intelsat (I), Omega Healthcare Investors (OHI), Alibaba Group (BABA), Standex International (SXI), Bank of Montreal (BMO) and AT&T (T).

What is Washington Trust Bancorp's stock symbol?

Washington Trust Bancorp trades on the NASDAQ under the ticker symbol "WASH."

Who are Washington Trust Bancorp's major shareholders?

Washington Trust Bancorp's stock is owned by many different retail and institutional investors. Top institutional investors include BlackRock Inc. (8.77%), Vanguard Group Inc. (5.60%), Dimensional Fund Advisors LP (4.54%), WASHINGTON TRUST Co (3.98%), State Street Corp (2.72%) and Boston Trust Walden Corp (1.96%). Insiders that own company stock include Dennis L Algiere, Edwin J Santos, James M Hagerty, Joseph J Marcaurele, Joseph J Marcaurele and William K Sr Wray.
View institutional ownership trends
.

How do I buy shares of Washington Trust Bancorp?

Shares of WASH stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
Compare Top Brokerages Here.

What is Washington Trust Bancorp's stock price today?

One share of WASH stock can currently be purchased for approximately $47.85.

How much money does Washington Trust Bancorp make?

Washington Trust Bancorp (NASDAQ:WASH) has a market capitalization of $822.06 million and generates $245.39 million in revenue each year. The financial services provider earns $76.87 million in net income (profit) each year or $4.31 on an earnings per share basis.

How many employees does Washington Trust Bancorp have?

The company employs 623 workers across the globe.

How can I contact Washington Trust Bancorp?

Washington Trust Bancorp's mailing address is 23 BROAD STREET, WESTERLY RI, 02891. The official website for the company is www.washtrust.com. The financial services provider can be reached via phone at (401) 348-1200, via email at investor.relations@washtrust.com, or via fax at 401-348-1262.

This page (NASDAQ:WASH) was last updated on 12/8/2022 by MarketBeat.com Staff