Washington Trust Bancorp (WASH) Stock Forecast, Price & News

3 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Washington Trust Bancorp in the last twelve months. There are currently 1 sell rating, 1 hold rating and 1 buy rating 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.

3 brokerages have issued twelve-month target prices for Washington Trust Bancorp's shares. 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 89.4% from the stock's current price.
View analysts price targets for WASH or view top-rated stocks among Wall Street analysts.

Washington Trust Bancorp's stock was trading at $47.18 at the beginning of 2023. Since then, WASH shares have decreased by 42.9% and is now trading at $26.93.
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The company is scheduled to release its next quarterly earnings announcement on Monday, October 23rd 2023.
View our WASH earnings forecast.

Washington Trust Bancorp, Inc. (NASDAQ:WASH) posted its quarterly earnings data on Tuesday, July, 25th. The financial services provider reported $0.66 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.58 by $0.08. The financial services provider had revenue of $89.56 million for the quarter, compared to the consensus estimate of $47.40 million. Washington Trust Bancorp had a net margin of 18.79% and a trailing twelve-month return on equity of 13.08%. During the same quarter in the previous year, the company posted $1.14 earnings per share.

Washington Trust Bancorp announced a quarterly dividend on Thursday, June 15th. Shareholders of record on Monday, July 3rd will be given a dividend of $0.56 per share on Thursday, July 13th. This represents a $2.24 annualized dividend and a yield of 8.32%. The ex-dividend date is Friday, June 30th.
Read our dividend analysis for WASH.

ProShares Russell 2000 Dividend Growers ETF holds 279,802 shares of WASH stock, representing 1.04% of its portfolio.

Washington Trust Bancorp (NASDAQ:WASH) pays an annual dividend of $2.24 per share and currently has a dividend yield of 8.34%. 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 12 consecutive years, indicating the company has a strong committment to maintain and grow its dividend. The dividend payout ratio is 65.31%. This payout ratio is at a healthy, sustainable level, below 75%. Based on EPS estimates, WASH will have a dividend payout ratio of 92.95% in the coming year. This indicates that the company may not be able to sustain their current dividend.
Read our dividend analysis for WASH.

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.

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).

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

Washington Trust Bancorp's stock is owned by a variety of institutional and retail investors. Top institutional investors include BlackRock Inc. (13.22%), Dimensional Fund Advisors LP (4.24%), WASHINGTON TRUST Co (4.06%), State Street Corp (3.63%), Geode Capital Management LLC (2.03%) and ProShare Advisors LLC (1.65%). Insiders that own company stock include Constance A Howes, Dennis L Algiere, Edwin J Santos, James M Hagerty, Joseph J Marcaurele, Joseph J Marcaurele, Kristen L Disanto, Mary E Noons and William K Sr Wray.
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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.
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One share of WASH stock can currently be purchased for approximately $26.93.

Washington Trust Bancorp (NASDAQ:WASH) has a market capitalization of $458.35 million and generates $257.07 million in revenue each year. The financial services provider earns $71.68 million in net income (profit) each year or $3.43 on an earnings per share basis.

The company employs 651 workers across the globe.

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.