NASDAQ:WASH

Washington Trust Bancorp Stock Forecast, Price & News

$47.10

-0.06 (-0.13 %)

(As of 01/19/2021 12:00 AM ET)

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Today's Range

$46.52

Now: $47.10▼

$47.61

50-Day Range

$39.32

MA: $44.49▼

$48.10

52-Week Range

$25.86

Now: $47.10▼

$51.85

Volume44,973 shs

Average Volume56,098 shs

Market Capitalization$813.18 million

P/E Ratio12.27

Dividend Yield4.41%

Beta0.62

Washington Trust Bancorp, Inc. operates as the bank holding company for The Washington Trust Company, of Westerly that offers various 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, which include commercial real estate loans consisting of commercial mortgages and construction loans; commercial and industrial loans; residential real estate loans consists 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 machines, telephone, internet, 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 that offers variable annuities and college savings plans. As of December 31, 2019, it had 10 branch offices located in southern Rhode Island; 12 branch offices located in the greater Providence area in Rhode Island; and one branch office located in southeastern Connecticut. Washington Trust Bancorp, Inc. was founded in 1800 and is headquartered in Westerly, Rhode Island.

MarketRank^™

Overall MarketRank^™

1.90 out of 5 stars

1.3 Analyst's Opinion

Consensus Rating
Washington Trust Bancorp has received a consensus rating of Buy. The company's average rating score is 2.50, and is based on 1 buy rating, 1 hold rating, and no sell ratings.
Price Target Upside/Downside
According to analysts' consensus price target of $38.00, Washington Trust Bancorp has a forecasted downside of 19.3% from its current price of $47.10.
Amount of Analyst Coverage
Washington Trust Bancorp has received no research coverage in the past 90 days.

2.0 Community Rank

Outperform Votes
Washington Trust Bancorp has received 178 “outperform” votes. (Add your “outperform” vote.)
Underperform Votes
Washington Trust Bancorp has received 266 “underperform” votes. (Add your “underperform” vote.)
Community Sentiment
Washington Trust Bancorp has received 59.91% “underperform” votes from our community.

MarketBeat's community ratings are surveys of what our community members think about Washington Trust Bancorp and other stocks. Vote “Outperform” if you believe WASH will outperform the S&P 500 over the long term. Vote “Underperform” if you believe WASH will underperform the S&P 500 over the long term. You may vote once every thirty days.

3.3 Dividend Strength

Dividend Leadership
Washington Trust Bancorp is a leading dividend payer. It pays a dividend yield of 4.41%, putting its dividend yield in the top 25% of dividend-paying stocks.
Dividend Growth
Washington Trust Bancorp has only been increasing its dividend for 1 years.
Dividend Coverage
The dividend payout ratio of Washington Trust Bancorp is 52.53%. This payout ratio is at a healthy, sustainable level, below 75%.
Dividend Sustainability
Based on earnings estimates, Washington Trust Bancorp will have a dividend payout ratio of 63.80% next year. This indicates that Washington Trust Bancorp will be able to sustain or increase its dividend.

1.7 Company Ownership

Insider Buying vs. Insider Selling
In the past three months, Washington Trust Bancorp insiders have not sold or bought any company stock.
Percentage Held by Insiders
Only 2.28% of the stock of Washington Trust Bancorp is held by insiders.
Percentage Held by Institutions
71.46% 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.

1.3 Earnings and Valuation

Earnings Growth
Earnings for Washington Trust Bancorp are expected to decrease by -15.76% in the coming year, from $3.87 to $3.26 per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of Washington Trust Bancorp is 12.27, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 22.93.
Price to Earnings Ratio vs. Sector
The P/E ratio of Washington Trust Bancorp is 12.27, which means that it is trading at a less expensive P/E ratio than the Finance sector average P/E ratio of about 20.72.
Price to Book Value per Share Ratio
Washington Trust Bancorp has a P/B Ratio of 1.62. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

See Top Rated MarketRank™ Stocks Here

Industry, Sector and Symbol

Stock Exchange NASDAQ

Industry State commercial banks

Sub-IndustryRegional Banks

SectorFinance

Current SymbolNASDAQ:WASH

Previous Symbol

CUSIP94061010

CIK737468

Webwww.washtrust.com

Phone401-348-1200

Employees598

Debt

Debt-to-Equity Ratio1.98

Current Ratio1.10

Quick Ratio1.09

Price-To-Earnings

Trailing P/E Ratio12.27

Forward P/E Ratio12.17

P/E GrowthN/A

Sales & Book Value

Annual Sales$264.74 million

Price / Sales3.07

Cash Flow$6.39 per share

Price / Cash Flow7.37

Book Value$29.01 per share

Price / Book1.62

Profitability

EPS (Most Recent Fiscal Year)$3.96

Net Income$69.12 million

Net Margins25.03%

Return on Equity13.05%

Return on Assets1.19%

Miscellaneous

Outstanding Shares17,265,000

Market Cap$813.18 million

Next Earnings Date1/27/2021 (Confirmed)

OptionableOptionable

$47.10

-0.06 (-0.13 %)

(As of 01/19/2021 12:00 AM ET)

30 days | 90 days | 365 days | Advanced Chart

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Washington Trust Bancorp (NASDAQ:WASH) Frequently Asked Questions

How has Washington Trust Bancorp's stock price been impacted by COVID-19 (Coronavirus)?

Washington Trust Bancorp's stock was trading at $35.75 on March 11th, 2020 when COVID-19 (Coronavirus) reached pandemic status according to the World Health Organization (WHO). Since then, WASH shares have increased by 31.7% and is now trading at $47.10.
View which stocks have been most impacted by COVID-19.

Is Washington Trust Bancorp a buy right now?

2 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Washington Trust Bancorp in the last twelve months. There are currently 1 hold rating and 1 buy rating for the stock. The consensus among Wall Street analysts is that investors should "buy" Washington Trust Bancorp stock.
View analyst ratings for Washington Trust Bancorp or view MarketBeat's top 5 stock picks.

What stocks does MarketBeat like better than Washington Trust Bancorp?

Wall Street analysts have given Washington Trust Bancorp a "Buy" rating, but there may be better short-term opportunities in the market. Some of MarketBeat's past winning trading ideas have resulted in 5-15% weekly gains. MarketBeat just released five new trading ideas, but Washington Trust Bancorp wasn't one of them. MarketBeat thinks these five stocks may be even better buys.
View MarketBeat's top stock picks here.

When is Washington Trust Bancorp's next earnings date?

Washington Trust Bancorp is scheduled to release its next quarterly earnings announcement on Wednesday, January 27th 2021.
View our earnings forecast for Washington Trust Bancorp.

How can I listen to Washington Trust Bancorp's earnings call?

Washington Trust Bancorp will be holding an earnings conference call on Wednesday, January 27th at 12:00 AM Eastern. Interested parties can register for or listen to the call using this link or dial in at Not Available.

How were Washington Trust Bancorp's earnings last quarter?

Washington Trust Bancorp, Inc. (NASDAQ:WASH) posted its earnings results on Monday, October, 19th. The financial services provider reported $1.06 earnings per share for the quarter, topping the Thomson Reuters' consensus estimate of $1.03 by $0.03. The financial services provider had revenue of $57.12 million for the quarter, compared to analysts' expectations of $55.30 million. Washington Trust Bancorp had a return on equity of 13.05% and a net margin of 25.03%.
View Washington Trust Bancorp's earnings history.

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 Friday, December 18th. Stockholders of record on Monday, January 4th will be paid a dividend of $0.52 per share on Friday, January 8th. This represents a $2.08 annualized dividend and a dividend yield of 4.42%. The ex-dividend date of this dividend is Thursday, December 31st. This is an increase from Washington Trust Bancorp's previous quarterly dividend of $0.51.
View Washington Trust Bancorp's dividend history.

Is Washington Trust Bancorp a good dividend stock?

Washington Trust Bancorp pays an annual dividend of $2.08 per share and currently has a dividend yield of 4.41%. WASH has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. Washington Trust Bancorp does not yet have a strock track record of dividend growth. The dividend payout ratio of Washington Trust Bancorp is 52.53%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, Washington Trust Bancorp will have a dividend payout ratio of 63.80% next year. This indicates that Washington Trust Bancorp will be able to sustain or increase its dividend.
View Washington Trust Bancorp's dividend history.

What price target have analysts set for WASH?

2 brokers have issued 1-year price objectives for Washington Trust Bancorp's stock. Their forecasts range from $36.00 to $40.00. On average, they expect Washington Trust Bancorp's share price to reach $38.00 in the next twelve months. This suggests that the stock has a possible downside of 19.3%.
View analysts' price targets for Washington Trust Bancorp or view Wall Street analyst' top-rated stocks.

Who are some of Washington Trust Bancorp's key competitors?

Some companies that are related to Washington Trust Bancorp include Truist Financial (TFC), The PNC Financial Services Group (PNC), First Republic Bank (FRC), SVB Financial Group (SIVB), Fifth Third Bancorp (FITB), M&T Bank (MTB), KeyCorp (KEY), Regions Financial (RF), Huntington Bancshares (HBAN), East West Bancorp (EWBC), First Horizon (FHN), Signature Bank (SBNY), Commerce Bancshares (CBSH), Zions Bancorporation, National Association (ZION) and Western Alliance Bancorporation (WAL).
View all of WASH's competitors.

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 The 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 key executives?

Washington Trust Bancorp's management team includes the following people:

Mr. Edward Otis Handy III, Chairman & CEO (Age 59, Pay $1.02M)
Mr. Mark Kenyon Wever Gim, Pres & COO (Age 55, Pay $528.73k)
Mr. Ronald S. Ohsberg CPA, Sr. EVP, CFO & Treasurer (Age 56, Pay $429.57k)
Mr. James M. Hagerty CPA, Exec. VP & Chief Lending Officer of Washington Trust Company of Westerly (Age 63, Pay $425.44k)
Ms. Kathleen A. Ryan Esq., Exec. VP & Chief Wealth Management Officer of Washington Trust Company of Westerly (Age 55, Pay $450.84k)
Ms. Elizabeth B. Eckel, Sr. VP and Chief Marketing & Corp. Communications Officer (Age 61)
Ms. Kristen L. DiSanto, Sr. EVP, Chief HR Officer & Corp. Sec. (Age 51)
Mr. Joseph M. Confessore, Sr. VP of Wealth Management & Commercial Banking
Ms. Maria N. Janes CPA, CPA, Exec. VP & Controller (Age 50)
Mr. Steven Veronesi, VP & Connecticut Area Mang. of Washington Trust Mortgage

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 institutional and retail investors. Top institutional shareholders include Boston Trust Walden Corp (1.88%), Endurance Wealth Management Inc. (0.58%) and New England Research & Management Inc. (0.26%). Company insiders that own Washington Trust Bancorp stock include Edwin J Santos, John T Ruggieri and Katherine W Hoxsie.
View institutional ownership trends for Washington Trust Bancorp.

Which institutional investors are selling Washington Trust Bancorp stock?

WASH stock was sold by a variety of institutional investors in the last quarter, including New England Research & Management Inc., and Endurance Wealth Management Inc..
View insider buying and selling activity for Washington Trust Bancorp or view top insider-selling stocks.

Which institutional investors are buying Washington Trust Bancorp stock?

WASH stock was purchased by a variety of institutional investors in the last quarter, including Boston Trust Walden Corp.
View insider buying and selling activity for Washington Trust Bancorp or or view top insider-buying stocks.

How do I buy shares of Washington Trust Bancorp?

Shares of WASH 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.

What is Washington Trust Bancorp's stock price today?

One share of WASH stock can currently be purchased for approximately $47.10.

How big of a company is Washington Trust Bancorp?

Washington Trust Bancorp has a market capitalization of $813.18 million and generates $264.74 million in revenue each year. The financial services provider earns $69.12 million in net income (profit) each year or $3.96 on an earnings per share basis. Washington Trust Bancorp employs 598 workers across the globe.

What is Washington Trust Bancorp's official website?

The official website for Washington Trust Bancorp is www.washtrust.com.

How can I contact Washington Trust Bancorp?

Washington Trust Bancorp's mailing address is 23 BROAD STREET, WESTERLY RI, 02891. The financial services provider can be reached via phone at 401-348-1200 or via email at [email protected]

This page was last updated on 1/19/2021 by MarketBeat.com Staff

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