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T   15.05 (-1.70%)
F   12.59 (+3.20%)
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PFE   32.65 (-0.61%)
PYPL   58.65 (+0.05%)
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NASDAQ:WASH

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

$26.37
-0.56 (-2.08%)
(As of 11:15 AM ET)
Compare
Today's Range
$26.32
$27.02
50-Day Range
$26.59
$32.07
52-Week Range
$22.26
$50.93
Volume
8,935 shs
Average Volume
125,461 shs
Market Capitalization
$448.82 million
P/E Ratio
7.69
Dividend Yield
8.49%
Price Target
$51.00

Washington Trust Bancorp MarketRank™ Forecast

Analyst Rating
Hold
2.00 Rating Score
Upside/​Downside
89.4% Upside
$51.00 Price Target
Short Interest
Healthy
2.77% of Float Sold Short
Dividend Strength
Strong
Based on Four Factors
Sustainability
N/A
News Sentiment
1.13mentions of Washington Trust Bancorp in the last 14 days
Based on 5 Articles This Week
Insider Trading
Selling Shares
$27 Sold Last Quarter
Proj. Earnings Growth
-3.60%
From $2.50 to $2.41 Per Share

Overall MarketRank

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

2.73 out of 5 stars

Finance Sector

188th out of 855 stocks

State Commercial Banks Industry

51st out of 179 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 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 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 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. Washington Trust Bancorp, Inc. was founded in 1800 and is headquartered in Westerly, Rhode Island.

WASH Price History

WASH Stock News Headlines

[BREAKING] New "Living Software" to Revolutionize Warfare
This breakthrough will change "the way wars will be fought, and won, for years to come." - Chairman of the Joint Chief of Staff, General Mark Milley Get the name of the company supplying it to the U.S. Army here >>>
66,000% upside on tiny biotech?
The Wall Street Journal reports that this medical breakthrough is "Transforming Medicine." One analyst calculated that it could be worth $1 Trillion, making the upside potential of this small-cap 66,000% above today's price.
Bank Of America Mortgage Lender Review 2023
Washington Trust Introduces New Brand Campaign
See More Headlines
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WASH Company Calendar

Ex-Dividend for 7/13 Dividend
6/30/2023
Dividend Payable
7/13/2023
Last Earnings
7/25/2023
Today
9/22/2023
Next Earnings (Estimated)
10/23/2023
Fiscal Year End
12/31/2023

Industry, Sector and Symbol

Industry
State commercial banks
Sub-Industry
Regional Banks
Sector
Finance
Current Symbol
NASDAQ:WASH
CUSIP
94061010
Employees
651
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
+89.4%
Consensus Rating
Hold
Rating Score (0-4)
2.00
Research Coverage
3 Analysts

Profitability

Net Income
$71.68 million
Pretax Margin
23.86%

Debt

Sales & Book Value

Annual Sales
$257.07 million
Cash Flow
$4.59 per share
Book Value
$26.41 per share

Miscellaneous

Free Float
16,777,000
Market Cap
$458.35 million
Optionable
Optionable
Beta
0.75

Social Links

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Key Executives

  • Mr. Edward Otis Handy III (Age 61)
    Chairman & CEO
    Comp: $1.3M
  • Mr. Ronald Stephen Ohsberg CPA (Age 58)
    Sr. EVP, CFO & Treasurer
    Comp: $530.29k
  • Ms. Mary E. Noons (Age 61)
    Pres & COO
  • Ms. Maria N. Janes CPA (Age 52)
    CPA, Exec. VP, Chief Accounting Officer & Controller
  • Ms. Elizabeth Boyle Eckel (Age 63)
    Exec. VP and Chief Marketing & Corp. Communications Officer
  • Ms. Kristen L. DiSanto (Age 53)
    Sr. EVP, Chief HR Officer & Corp. Sec.
  • Mr. Joseph M. Confessore
    Sr. VP of Wealth Management & Commercial Banking
  • Mr. Rolando A. Lora
    Exec. VP & Chief Retail Lending Officer













WASH Stock - Frequently Asked Questions

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

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.

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

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.

How have WASH shares performed in 2023?

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.
View the best growth stocks for 2023 here
.

When is Washington Trust Bancorp's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Monday, October 23rd 2023.
View our WASH earnings forecast
.

How were Washington Trust Bancorp's earnings last quarter?

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.

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, 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
.

What ETF holds Washington Trust Bancorp's stock ?

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

Is Washington Trust Bancorp a good dividend stock?

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.

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 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.
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 $26.93.

How much money does Washington Trust Bancorp make?

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.

How many employees does Washington Trust Bancorp have?

The company employs 651 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 9/22/2023 by MarketBeat.com Staff

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