Washington Trust Bancorp - WASH Stock Forecast, Price & News

2 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Washington Trust Bancorp in the last twelve months. There are currently 2 hold ratings for the stock. The consensus among Wall Street equities 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.

2 brokers have issued 1 year price targets for Washington Trust Bancorp's shares. Their WASH share price forecasts range from $49.00 to $53.00. On average, they expect the company's share price to reach $51.00 in the next twelve months. This suggests a possible upside of 43.2% from the stock's current price.
View analysts price targets for WASH or view top-rated stocks among Wall Street analysts.

Washington Trust Bancorp's stock was trading at $47.18 at the beginning of 2023. Since then, WASH shares have decreased by 24.5% and is now trading at $35.61.
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The company is scheduled to release its next quarterly earnings announcement on Monday, April 24th 2023.
View our WASH earnings forecast.

Washington Trust Bancorp, Inc. (NASDAQ:WASH) released its earnings results on Sunday, October, 24th. The financial services provider reported $1.07 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.97 by $0.10. The financial services provider had revenue of $56.59 million for the quarter, compared to the consensus estimate of $54.40 million. Washington Trust Bancorp had a net margin of 27.85% and a trailing twelve-month return on equity of 15.27%. During the same quarter last year, the firm posted $1.06 earnings per share.

Washington Trust Bancorp declared a quarterly dividend on Thursday, March 16th. Stockholders of record on Monday, April 3rd will be given a dividend of $0.56 per share on Thursday, April 13th. This represents a $2.24 annualized dividend and a dividend yield of 6.29%. The ex-dividend date of this dividend is Friday, March 31st.
Read our dividend analysis for WASH.

ETFs with the largest weight of Washington Trust Bancorp (NASDAQ:WASH) stock in their portfolio include Opus Small Cap Value Plus ETF (OSCV), ProShares Russell 2000 Dividend Growers ETF (SMDV), iShares US Small Cap Value Factor ETF (SVAL), First Trust NASDAQ ABA Community Bank Index Fund (QABA), SPDR SSGA US Small Cap Low Volatility Index ETF (SMLV), iShares MSCI USA Small-Cap Min Vol Factor ETF (SMMV), iShares Micro-Cap ETF (IWC) and SPDR S&P Regional Banking ETF (KRE).

Washington Trust Bancorp (NASDAQ:WASH) pays an annual dividend of $2.24 per share and currently has a dividend yield of 6.21%. 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 54.50%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, WASH will have a dividend payout ratio of 57.00% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for WASH.

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.

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).

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

Washington Trust Bancorp's stock is owned by many different retail and institutional investors. Top institutional investors include Franklin Resources Inc. (5.48%), Dimensional Fund Advisors LP (4.75%), WASHINGTON TRUST Co (4.03%), Principal Financial Group Inc. (2.16%), Boston Trust Walden Corp (1.95%) and JPMorgan Chase & Co. (1.85%). 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 and William K Sr Wray.
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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.
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One share of WASH stock can currently be purchased for approximately $35.61.

Washington Trust Bancorp (NASDAQ:WASH) has a market capitalization of $605.01 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 $4.11 on an earnings per share basis.

The company employs 623 workers across the globe.

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.