NASDAQ:WASH Washington Trust Bancorp (WASH) Stock Forecast, Price & News $26.37 -0.56 (-2.08%) (As of 11:15 AM ET) Add Compare Share Share Today's Range$26.32▼$27.0250-Day Range$26.59▼$32.0752-Week Range$22.26▼$50.93Volume8,935 shsAverage Volume125,461 shsMarket Capitalization$448.82 millionP/E Ratio7.69Dividend Yield8.49%Price Target$51.00 ProfileProfileAnalyst RatingsChartCompetitorsDividendEarningsFinancialsInsider TradesInstitutional OwnershipHeadlinesOptions ChainSEC FilingsShort InterestSocial MediaProfileAnalyst RatingsChartCompetitorsDividendEarningsFinancialsInsider TradesInstitutional OwnershipHeadlinesOptions ChainSEC FilingsShort InterestSocial Media Washington Trust Bancorp MarketRank™ ForecastAnalyst RatingHold2.00 Rating ScoreUpside/Downside89.4% Upside$51.00 Price TargetShort InterestHealthy2.77% of Float Sold ShortDividend StrengthStrongBased on Four FactorsSustainabilityN/ANews Sentiment1.13Based on 5 Articles This WeekInsider TradingSelling Shares$27 Sold Last QuarterProj. Earnings Growth-3.60%From $2.50 to $2.41 Per ShareSee Full Details Hide Full Details 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 starsFinance Sector188th out of 855 stocksState Commercial Banks Industry51st out of 179 stocks 3.0 Analyst's Opinion Consensus RatingWashington Trust Bancorp has received a consensus rating of Hold. The company's average rating score is 2.00, and is based on 1 buy rating, 1 hold rating, and 1 sell rating.Price Target Upside/DownsideAccording to analysts' consensus price target of $51.00, Washington Trust Bancorp has a forecasted upside of 89.4% from its current price of $26.93.Amount of Analyst CoverageWashington Trust Bancorp has only been the subject of 2 research reports in the past 90 days. Previous Next 3.0 Short Interest Percentage of Shares Shorted2.77% of the float of Washington Trust Bancorp has been sold short.Short Interest Ratio / Days to CoverWashington Trust Bancorp has a short interest ratio ("days to cover") of 4.1.Change versus previous monthShort interest in Washington Trust Bancorp has recently decreased by 1.49%, indicating that investor sentiment is improving. Previous Next 4.2 Dividend Strength Dividend LeadershipWashington Trust Bancorp is a leading dividend payer. It pays a dividend yield of 8.34%, putting its dividend yield in the top 25% of dividend-paying stocks.Dividend GrowthWashington Trust Bancorp has been increasing its dividend for 12 years.Dividend CoverageThe dividend payout ratio of Washington Trust Bancorp is 65.31%. This payout ratio is at a healthy, sustainable level, below 75%.Dividend SustainabilityBased on EPS estimates, Washington Trust Bancorp will have a dividend payout ratio of 92.95% in the coming year. This indicates that Washington Trust Bancorp may not be able to sustain their current dividend. Previous Next N/A Sustainability and ESG Overall ESG (Environmental, Social, and Governance) ScoreThere is no current Upright™ data available for WASH. Previous Next 3.4 News and Social Media Coverage News SentimentWashington Trust Bancorp has a news sentiment score of 1.13. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a higher news sentiment than the 0.73 average news sentiment score of Finance companies.News Coverage This WeekMarketBeat has tracked 5 news articles for Washington Trust Bancorp this week, compared to 7 articles on an average week.Search Interest5 people have searched for WASH on MarketBeat in the last 30 days. This is an increase of 150% compared to the previous 30 days.MarketBeat Follows1 people have added Washington Trust Bancorp to their MarketBeat watchlist in the last 30 days. Previous Next 2.5 Company Ownership Insider Buying vs. Insider SellingIn the past three months, Washington Trust Bancorp insiders have sold more of their company's stock than they have bought. Specifically, they have bought $0.00 in company stock and sold $27.00 in company stock.Percentage Held by InsidersOnly 1.42% of the stock of Washington Trust Bancorp is held by insiders.Percentage Held by Institutions68.49% of the stock of Washington Trust Bancorp is held by institutions. High institutional ownership can be a signal of strong market trust in this company. Previous Next 1.3 Earnings and Valuation Earnings GrowthEarnings for Washington Trust Bancorp are expected to decrease by -3.60% in the coming year, from $2.50 to $2.41 per share.Price to Earnings Ratio vs. the MarketThe P/E ratio of Washington Trust Bancorp is 7.85, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 118.41.Price to Earnings Ratio vs. SectorThe P/E ratio of Washington Trust Bancorp is 7.85, which means that it is trading at a less expensive P/E ratio than the Finance sector average P/E ratio of about 85.85.Price to Book Value per Share RatioWashington Trust Bancorp has a P/B Ratio of 1.02. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities. Previous Next See Top Rated MarketRank™ Stocks Here About Washington Trust Bancorp (NASDAQ:WASH) StockWashington 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.Read More WASH Price History View Price History Chart DataSkip Price History Chart 30 days | 90 days | 365 days | Advanced Chart WASH Stock News HeadlinesSeptember 16, 2023 | reuters.comIMF, World Bank to decide Monday on Oct 9-15 meetings in earthquake-hit Morocco -GeorgievaSeptember 15, 2023 | msn.comExclusive-IMF, World Bank to decide Monday on Oct 9-15 meetings in earthquake-hit Morocco -GeorgievaSeptember 22, 2023 | Behind the Markets (Ad)[BREAKING] New "Living Software" to Revolutionize WarfareThis 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 >>>September 15, 2023 | americanbankingnews.comWashington Trust Bancorp, Inc. Forecasted to Earn Q3 2023 Earnings of $0.52 Per Share (NASDAQ:WASH)September 15, 2023 | americanbankingnews.comBrokerages Set Washington Trust Bancorp, Inc. (NASDAQ:WASH) PT at $51.00September 15, 2023 | americanbankingnews.comSeaport Res Ptn Reaffirms Buy Rating for Washington Trust Bancorp (NASDAQ:WASH)September 14, 2023 | msn.comMorocco insists IMF, World Bank meetings to proceed in OctoberSeptember 14, 2023 | reuters.comUPDATE 1-Morocco insists IMF, World Bank meetings to proceed in OctoberSeptember 22, 2023 | Behind the Markets (Ad)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.September 14, 2023 | msn.comInflation is weighing down Americans. Many trust Trump, more than Biden, to fix itSeptember 13, 2023 | msn.comUAE envoy: De facto West Bank annexation unfolding, but our ability to stop it wanesSeptember 13, 2023 | msn.comInflation weighing on Americans, and they trust Trump, not Biden, to fix it, poll showsSeptember 11, 2023 | msn.comHarlem Globetrotters return to Intrust Bank ArenaSeptember 11, 2023 | finance.yahoo.comKBRA Releases Surveillance Report for Washington Trust Bancorp, Inc.September 8, 2023 | bizjournals.comOregon State, Washington State sue Pac-12 as schools hash out conference's futureSeptember 8, 2023 | finance.yahoo.comWashington Trust provides $4.925 million in financing to Phoenix Central Falls Industrial Investors, LLCSeptember 8, 2023 | usnews.comYellen Says She Will Press for IMF, World Bank Resources at G20 SummitSeptember 7, 2023 | msn.comMeet Arlo Washington, The Founder Of Arkansas’ First Black-Owned BankSeptember 7, 2023 | msn.com‘Equalizer 3’ Box Office: Denzel Washington Wins Over Older Adults in Rare Feat for Any ActorSeptember 7, 2023 | msn.comIMF, World Bank to step up cooperation on climate, debt, digital transitionSeptember 6, 2023 | bizjournals.comTampa's Fidelis Capital raises $10M, recruits $4.5B adviser team from Bank of AmericaAugust 29, 2023 | msn.comTo Mark the 60th Anniversary of the March on Washington, Martin Luther King Jr.’s ‘I Have a Dream’ Speech Goes on DisplayAugust 24, 2023 | forbes.comBank Of America Mortgage Lender Review 2023August 23, 2023 | msn.comEXPERT: There's a 'mess' waiting for lawmakers in WashingtonAugust 23, 2023 | benzinga.comSurpassing Expectations: Northfield Bancorp Unleashes Growth Potential and Rewards InvestorsAugust 22, 2023 | msn.comUS FDIC to propose new bank resolution, long-term debt rules on Aug. 29August 22, 2023 | finance.yahoo.comWashington Trust Introduces New Brand CampaignSee More Headlines Receive WASH Stock News and Ratings via Email Sign-up to receive the latest news and ratings for Washington Trust Bancorp and its competitors with MarketBeat's FREE daily newsletter. Email Address WASH Company Calendar Ex-Dividend for 7/13 Dividend6/30/2023Dividend Payable7/13/2023Last Earnings7/25/2023Today9/22/2023Next Earnings (Estimated)10/23/2023Fiscal Year End12/31/2023Get Stock AlertsIndustry, Sector and Symbol Stock ExchangeNASDAQ Industry State commercial banks Sub-IndustryRegional Banks SectorFinance Current SymbolNASDAQ:WASH CUSIP94061010 CIK737468 Webwww.washtrust.com Phone(401) 348-1200Fax401-348-1262Employees651Year Founded1800Price 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 RatingHold Rating Score (0-4)2.00 Research Coverage3 Analysts Profitability EPS (Most Recent Fiscal Year)$3.43 Trailing P/E Ratio7.85 Forward P/E Ratio10.77 P/E GrowthN/ANet Income$71.68 million Net Margins18.79% Pretax Margin23.86% Return on Equity13.08% Return on Assets0.88% Debt Debt-to-Equity Ratio2.31 Current Ratio1.03 Quick Ratio1.03 Sales & Book Value Annual Sales$257.07 million Price / Sales1.78 Cash Flow$4.59 per share Price / Cash Flow5.87 Book Value$26.41 per share Price / Book1.02Miscellaneous Outstanding Shares17,020,000Free Float16,777,000Market Cap$458.35 million OptionableOptionable Beta0.75 Social Links Ten Starter Stocks For Beginners to Buy NowJust getting into the stock market? These 10 simple stocks can help beginning investors build long-term wealth without knowing options, technicals, or other advanced strategies.Get This Free Report Key ExecutivesMr. Edward Otis Handy III (Age 61)Chairman & CEO Comp: $1.3MMr. Ronald Stephen Ohsberg CPA (Age 58)Sr. EVP, CFO & Treasurer Comp: $530.29kMs. 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. ConfessoreSr. VP of Wealth Management & Commercial BankingMr. Rolando A. LoraExec. VP & Chief Retail Lending OfficerMore ExecutivesKey CompetitorsCentral Pacific FinancialNYSE:CPFFarmers National BancNASDAQ:FMNBHorizon BancorpNASDAQ:HBNCFirst FinancialNASDAQ:THFFCapital City Bank GroupNASDAQ:CCBGView All CompetitorsInsiders & InstitutionsMary E NoonsSold 1 sharesTotal: $26.94 ($26.94/share)Comerica BankBought 8,316 shares on 8/22/2023Ownership: 0.049%California State Teachers Retirement SystemSold 1,478 shares on 8/21/2023Ownership: 0.117%Osaic Holdings Inc.Sold 1,441 shares on 8/21/2023Ownership: 0.033%Nuveen Asset Management LLCBought 22,290 shares on 8/16/2023Ownership: 0.454%View All Insider TransactionsView All Institutional Transactions 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 Adding Choose a watchlist: Watchlist Adding You have already added five stocks to your watchlist. Upgrade to MarketBeat All Access to add more stocks to your watchlist. Adding Washington Trust Bancorp, Inc. Please log in to your account or sign up in order to add this asset to your watchlist. Get 30 Days of MarketBeat All Access Free Sign up for MarketBeat All Access to gain access to MarketBeat's full suite of research tools: Best-in-Class Portfolio Monitoring View the latest news, buy/sell ratings, SEC filings and insider transactions for your stocks. Compare your portfolio performance to leading indices and get personalized stock ideas based on your portfolio. Stock Ideas and Recommendations Get daily stock ideas from top-performing Wall Street analysts. Get short term trading ideas from the MarketBeat Idea Engine. View which stocks are hot on social media with MarketBeat's trending stocks report. Advanced Stock Screeners and Research Tools Identify stocks that meet your criteria using seven unique stock screeners. See what's happening in the market right now with MarketBeat's real-time news feed. Export data to Excel for your own analysis. Start Your 30-Day Free Trial Sign in to your free account to enjoy these benefits In-depth profiles and analysis for 20,000 public companies. Real-time analyst ratings, insider transactions, earnings data, and more. Our daily ratings and market update email newsletter. Sign in to your free account to enjoy all that MarketBeat has to offer. Sign In Create Account Your Email Address: Your Password: or Sign in with Facebook Sign in with Google Forgot your password? Your Email Address: Choose a Password: Create My Account (Free) or Sign in with Facebook Sign in with Google By creating a free account, you agree to our terms of service. This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.