NASDAQ:WASH

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

$26.47
+0.01 (+0.04%)
(As of 04/24/2024 ET)
Today's Range
$25.87
$26.51
50-Day Range
$24.23
$27.57
52-Week Range
$21.69
$33.96
Volume
71,239 shs
Average Volume
90,633 shs
Market Capitalization
$450.86 million
P/E Ratio
9.77
Dividend Yield
8.46%
Price Target
N/A

Washington Trust Bancorp MarketRank™ Stock Analysis

Analyst Rating
N/A
Upside/​Downside
N/A
Short Interest
Bearish
3.44% of Float Sold Short
Dividend Strength
Weak
Based on Four Factors
Sustainability
N/A
News Sentiment
0.69mentions of Washington Trust Bancorp in the last 14 days
Based on 19 Articles This Week
Insider Trading
N/A
Proj. Earnings Growth
28.27%
From $1.91 to $2.45 Per Share

Overall MarketRank

New Rank-Based ScoringMarketRank is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.

3.31 out of 5 stars

Finance Sector

451st out of 855 stocks

State Commercial Banks Industry

106th out of 179 stocks

WASH stock logo

About Washington Trust Bancorp Stock (NASDAQ:WASH)

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. This segment also provides debit cards; automated teller machines (ATMs); telephone banking, internet banking, mobile banking, remote deposit capture, and other cash management services; and investment portfolio and wholesale funding services. The Wealth Management Services segment offers 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 for personal and institutional clients. Washington Trust Bancorp, Inc. was founded in 1800 and is headquartered in Westerly, Rhode Island.

WASH Stock Price History

WASH Stock News Headlines

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Q1 2024 Washington Trust Bancorp Inc Earnings Call
Washington Trust Bancorp Q1 Net Income Declines - Quick Facts
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First Fed Bank names new C-level leaders
See More Headlines
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Company Calendar

Last Earnings
10/24/2023
Ex-Dividend for 4/12 Dividend
3/28/2024
Dividend Payable
4/12/2024
Today
4/24/2024
Next Earnings (Estimated)
7/22/2024
Fiscal Year End
12/31/2024

Industry, Sector and Symbol

Sector
Finance
Industry
State commercial banks
Sub-Industry
Regional Banks
Current Symbol
NASDAQ:WASH
CUSIP
94061010
Employees
665
Year Founded
1800

Profitability

Net Income
$48.18 million
Pretax Margin
15.48%

Debt

Sales & Book Value

Annual Sales
$193.24 million
Cash Flow
$3.27 per share
Book Value
$27.75 per share

Miscellaneous

Free Float
16,745,000
Market Cap
$448.82 million
Optionable
Optionable
Beta
0.81

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Key Executives

  • Mr. Edward Otis Handy III (Age 62)
    Chairman & CEO
    Comp: $981.44k
  • Ms. Mary E. Noons (Age 62)
    President & COO
    Comp: $466.39k
  • Mr. Ronald Stephen Ohsberg CPA (Age 59)
    Senior EVP, CFO & Treasurer
    Comp: $447.35k
  • Ms. Maria N. Janes CPA (Age 53)
    Executive VP, Chief Accounting Officer & Controller
  • Ms. Elizabeth Boyle Eckel (Age 64)
    Executive VP and Chief Marketing & Corporate Communications Officer
  • Ms. Kristen L. DiSanto (Age 54)
    Senior EVP, Chief Human Resources Officer & Corporate Secretary
  • Mr. Joseph M. Confessore
    Senior Vice President of Wealth Management & Commercial Banking
  • Mr. Rolando A. Lora (Age 53)
    Executive VP & Chief Retail Lending Officer

WASH Stock Analysis - 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 1 sell rating and 1 hold rating for the stock. The consensus among Wall Street research analysts is that investors should "reduce" WASH shares.
View WASH analyst ratings
or view top-rated stocks.

How have WASH shares performed in 2024?

Washington Trust Bancorp's stock was trading at $32.38 at the beginning of the year. Since then, WASH shares have decreased by 18.3% and is now trading at $26.47.
View the best growth stocks for 2024 here
.

When is Washington Trust Bancorp's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Monday, July 22nd 2024.
View our WASH earnings forecast
.

How were Washington Trust Bancorp's earnings last quarter?

Washington Trust Bancorp, Inc. (NASDAQ:WASH) released its earnings results on Tuesday, October, 24th. The financial services provider reported $0.65 EPS for the quarter, beating the consensus estimate of $0.56 by $0.09. The financial services provider had revenue of $95.95 million for the quarter, compared to analysts' expectations of $47.25 million. Washington Trust Bancorp had a trailing twelve-month return on equity of 10.18% and a net margin of 12.01%. During the same quarter in the previous year, the business posted $1.08 earnings per share.

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

Washington Trust Bancorp declared a quarterly dividend on Thursday, March 21st. Shareholders of record on Monday, April 1st will be given a dividend of $0.56 per share on Friday, April 12th. This represents a $2.24 annualized dividend and a dividend yield of 8.46%. The ex-dividend date of this dividend is Thursday, March 28th.
Read our dividend analysis for WASH
.

Is Washington Trust Bancorp a good dividend stock?

Washington Trust Bancorp (NASDAQ:WASH) pays an annual dividend of $2.24 per share and currently has a dividend yield of 8.77%. WASH has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. The dividend payout ratio is 82.66%. Payout ratios above 75% are not desirable because they may not be sustainable. Based on EPS estimates, WASH will have a dividend payout ratio of 91.43% 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 ETF holds Washington Trust Bancorp's stock?

Invesco KBW High Dividend Yield Financial ETF holds 306,358 shares of WASH stock, representing 2.09% of its portfolio.

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).

Who are Washington Trust Bancorp's major shareholders?

Washington Trust Bancorp's stock is owned by many different institutional and retail investors. Top institutional shareholders include WASHINGTON TRUST Co (3.54%) and New England Professional Planning Group Inc. (0.06%). 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 Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

This page (NASDAQ:WASH) was last updated on 4/24/2024 by MarketBeat.com Staff

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