NASDAQ:WASH - Washington Trust Bancorp Stock Price, News, & Analysis

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$53.04 +0.04 (+0.08 %)
(As of 02/22/2019 11:14 AM ET)
Previous Close$53.00
Today's Range$52.73 - $53.20
52-Week Range$45.93 - $63.25
Volume12,060 shs
Average Volume34,842 shs
Market Capitalization$917.59 million
P/E Ratio13.57
Dividend Yield3.52%
Beta0.66
Washington Trust Bancorp, Inc. operates as the bank holding company for The Washington Trust Company, of Westerly that offers various financial products and 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; 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, ATM, telephone and 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, and mutual funds clients. The company also operates as a licensed broker-dealer that offers variable annuities, college savings plans, and mutual funds. As of December 31, 2017, it had 10 branch offices located in southern Rhode Island; 11 branch offices located in the greater Providence area in Rhode Island; and 1 branch office located in southeastern Connecticut. Washington Trust Bancorp, Inc. was founded in 1800 and is headquartered in Westerly, Rhode Island.

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Industry, Sector and Symbol

Industry State commercial banks
Sub-IndustryRegional Banks
SectorFinance
Current SymbolNASDAQ:WASH
CUSIP94061010
Phone401-348-1200

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$238.52 million
Cash Flow$3.4735 per share
Book Value$24.00 per share

Profitability

Net Income$68.29 million

Miscellaneous

Employees600
Market Cap$917.59 million
Next Earnings Date4/19/2019 (Estimated)
OptionableOptionable

Washington Trust Bancorp (NASDAQ:WASH) Frequently Asked Questions

What is Washington Trust Bancorp's stock symbol?

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

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 21st. Stockholders of record on Wednesday, January 2nd will be given a dividend of $0.47 per share on Friday, January 11th. This represents a $1.88 annualized dividend and a dividend yield of 3.54%. The ex-dividend date of this dividend is Monday, December 31st. This is an increase from Washington Trust Bancorp's previous quarterly dividend of $0.43. View Washington Trust Bancorp's Dividend History.

How were Washington Trust Bancorp's earnings last quarter?

Washington Trust Bancorp (NASDAQ:WASH) released its earnings results on Monday, January, 28th. The financial services provider reported $0.98 earnings per share for the quarter, meeting the Zacks' consensus estimate of $0.98. The financial services provider had revenue of $49.04 million for the quarter. Washington Trust Bancorp had a net margin of 28.66% and a return on equity of 16.24%. View Washington Trust Bancorp's Earnings History.

When is Washington Trust Bancorp's next earnings date?

Washington Trust Bancorp is scheduled to release their next quarterly earnings announcement on Friday, April 19th 2019. View Earnings Estimates for Washington Trust Bancorp.

What price target have analysts set for WASH?

2 analysts have issued 12-month target prices for Washington Trust Bancorp's stock. Their forecasts range from $53.00 to $55.00. On average, they expect Washington Trust Bancorp's share price to reach $54.00 in the next year. This suggests a possible upside of 1.8% from the stock's current price. View Analyst Price Targets for Washington Trust Bancorp.

What is the consensus analysts' recommendation for Washington Trust Bancorp?

2 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Washington Trust Bancorp in the last year. There are currently 2 hold ratings for the stock, resulting in a consensus recommendation of "Hold." View Analyst Ratings for Washington Trust Bancorp.

Has Washington Trust Bancorp been receiving favorable news coverage?

Media headlines about WASH stock have trended somewhat positive recently, InfoTrie reports. InfoTrie rates the sentiment of press coverage by analyzing more than six thousand blog and news sources. The firm ranks coverage of companies on a scale of negative five to positive five, with scores nearest to five being the most favorable. Washington Trust Bancorp earned a media sentiment score of 1.0 on InfoTrie's scale. They also gave news stories about the financial services provider a news buzz of 2.0 out of 10, indicating that recent press coverage is very unlikely to have an effect on the company's share price in the near future.

Who are some of Washington Trust Bancorp's key 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 Intelsat (I), Walt Disney (DIS), Fossil Group (FOSL), Chaarat Gold (CGH), Bank of America (BAC), First Data (FDC), Apollo Global Management (APO), tronc (TRNC), China Unicom (Hong Kong) (CHU) and Spartan Motors (SPAR).

Who are Washington Trust Bancorp's key executives?

Washington Trust Bancorp's management team includes the folowing people:
  • Mr. Edward O. Handy III, Chairman & CEO (Age 57)
  • Mr. Mark K. W. Gim, Pres & COO (Age 53)
  • Mr. James M. Hagerty CPA, Exec. VP & Chief Lending Officer of Washington Trust Company of Westerly (Age 61)
  • Mr. Ronald S. Ohsberg CPA, Sr. EVP, CFO & Treasurer (Age 55)
  • Ms. Elizabeth B. Eckel, Sr. VP and Chief Marketing & Corp. Communications Officer (Age 59)

Who are Washington Trust Bancorp's major shareholders?

Washington Trust Bancorp's stock is owned by a number of of retail and institutional investors. Top institutional investors include BlackRock Inc. (6.55%), Principal Financial Group Inc. (6.01%), Dimensional Fund Advisors LP (4.23%), BTIM Corp. (1.23%), Northern Trust Corp (1.14%) and Geode Capital Management LLC (1.04%). Company insiders that own Washington Trust Bancorp stock include Constance A Howes, Dennis L Algiere, Edwin J Santos, H Douglas Randall III, James M Hagerty, John F Treanor, Joseph J Marcaurele, Katherine W Hoxsie, Kristen L Disanto, Mary E Noons, Steven J Crandall and Victor J Orsinger II. View Institutional Ownership Trends for Washington Trust Bancorp.

Which major investors are selling Washington Trust Bancorp stock?

WASH stock was sold by a variety of institutional investors in the last quarter, including Millennium Management LLC, Principal Financial Group Inc., GSA Capital Partners LLP, Resources Management Corp CT ADV, First Trust Advisors LP, MetLife Investment Advisors LLC, Barclays PLC and Essex Financial Services Inc.. Company insiders that have sold Washington Trust Bancorp company stock in the last year include Dennis L Algiere, Edwin J Santos, H Douglas Randall III, James M Hagerty, John F Treanor, Katherine W Hoxsie, Kristen L Disanto, Mary E Noons and Victor J Orsinger II. View Insider Buying and Selling for Washington Trust Bancorp.

Which major investors are buying Washington Trust Bancorp stock?

WASH stock was bought by a variety of institutional investors in the last quarter, including BTIM Corp., Sargent Investment Group LLC, Geode Capital Management LLC, BlackRock Inc., Dimensional Fund Advisors LP, Rhumbline Advisers, Aptus Capital Advisors LLC and Metropolitan Life Insurance Co. NY. Company insiders that have bought Washington Trust Bancorp stock in the last two years include Constance A Howes and Steven J Crandall. View Insider Buying and Selling for Washington Trust Bancorp.

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 Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Scottrade, Fidelity and Charles Schwab.

What is Washington Trust Bancorp's stock price today?

One share of WASH stock can currently be purchased for approximately $53.04.

How big of a company is Washington Trust Bancorp?

Washington Trust Bancorp has a market capitalization of $917.59 million and generates $238.52 million in revenue each year. Washington Trust Bancorp employs 600 workers across the globe.

What is Washington Trust Bancorp's official website?

The official website for Washington Trust Bancorp is http://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]


MarketBeat Community Rating for Washington Trust Bancorp (NASDAQ WASH)

Community Ranking:  1.9 out of 5 (star)
Outperform Votes:  109 (Vote Outperform)
Underperform Votes:  173 (Vote Underperform)
Total Votes:  282
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.
This page was last updated on 2/22/2019 by MarketBeat.com Staff

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