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NASDAQ:WASH

Washington Trust Bancorp Stock Forecast, Price & News

$31.90
+0.84 (+2.70 %)
(As of 09/28/2020 11:03 AM ET)
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Today's Range
$31.63
Now: $31.90▼
$31.97
50-Day Range
$30.51
MA: $33.86▼
$35.97
52-Week Range
$25.86
Now: $31.90▼
$54.96
Volume269 shs
Average Volume82,655 shs
Market Capitalization$550.59 million
P/E Ratio8.26
Dividend Yield6.57%
Beta0.6
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, 2018, 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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Washington Trust Bancorp logo

Beat the Market (BTM) Rank™

Analyst Opinion: 3.3Community Rank: 2.0Dividend Strength: 4.2Insider Behavior: 1.0Valuation: 1.3 5 -4 -3 -2 -1 -

Overall Beat the Market Rank™

2.33 out of 5 stars


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

Debt

Debt-to-Equity Ratio2.03
Current Ratio1.10
Quick Ratio1.09

Price-To-Earnings

Trailing P/E Ratio8.26
Forward P/E Ratio8.16
P/E GrowthN/A

Sales & Book Value

Annual Sales$264.74 million
Price / Sales2.08
Cash Flow$4.31 per share
Price / Cash Flow7.40
Book Value$29.01 per share
Price / Book1.10

Profitability

EPS (Most Recent Fiscal Year)$3.96
Net Income$69.12 million
Net Margins25.07%
Return on Equity13.23%
Return on Assets1.22%

Miscellaneous

Employees601
Outstanding Shares17,260,000
Market Cap$550.59 million
Next Earnings Date10/19/2020 (Estimated)
OptionableOptionable
$31.90
+0.84 (+2.70 %)
(As of 09/28/2020 11:03 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 been impacted by Coronavirus (COVID-19)?

Washington Trust Bancorp's stock was trading at $35.75 on March 11th, 2020 when Coronavirus (COVID-19) reached pandemic status according to the World Health Organization. Since then, WASH shares have decreased by 10.9% and is now trading at $31.84.
View which stocks have been most impacted by COVID-19.

Do Wall Street analysts recommend investors buy shares of Washington Trust Bancorp?

3 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Washington Trust Bancorp in the last year. There are currently 2 hold ratings and 1 buy rating for the stock, resulting in a consensus recommendation of "Hold."
View analyst ratings for Washington Trust Bancorp.

When is Washington Trust Bancorp's next earnings date?

Washington Trust Bancorp is scheduled to release its next quarterly earnings announcement on Monday, October 19th 2020.
View our earnings forecast for Washington Trust Bancorp.

How were Washington Trust Bancorp's earnings last quarter?

Washington Trust Bancorp (NASDAQ:WASH) posted its earnings results on Tuesday, July, 21st. The financial services provider reported $1.21 EPS for the quarter, beating the Zacks' consensus estimate of $0.64 by $0.57. The financial services provider earned $57.27 million during the quarter, compared to the consensus estimate of $49.03 million. Washington Trust Bancorp had a return on equity of 13.23% and a net margin of 25.07%.
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, September 18th. Investors of record on Thursday, October 1st will be given a dividend of $0.51 per share on Friday, October 9th. This represents a $2.04 annualized dividend and a yield of 6.41%. The ex-dividend date is Wednesday, September 30th.
View Washington Trust Bancorp's dividend history.

What price target have analysts set for WASH?

3 equities research analysts have issued 1-year price targets for Washington Trust Bancorp's shares. 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 year. This suggests a possible upside of 19.3% from the stock's current price.
View analysts' price targets for Washington Trust Bancorp.

Are investors shorting Washington Trust Bancorp?

Washington Trust Bancorp saw a decline in short interest in the month of August. As of August 31st, there was short interest totaling 199,000 shares, a decline of 16.5% from the August 15th total of 238,200 shares. Based on an average daily trading volume, of 95,400 shares, the short-interest ratio is currently 2.1 days. Approximately 1.2% of the shares of the stock are sold short.
View Washington Trust Bancorp's Short Interest.

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

Some companies that are related to Washington Trust Bancorp include Truist Financial (TFC), PNC Financial Services Group (PNC), First Republic Bank (FRC), Fifth Third Bancorp (FITB), SVB Financial Group (SIVB), M&T Bank (MTB), KeyCorp (KEY), Regions Financial (RF), Huntington Bancshares (HBAN), Commerce Bancshares (CBSH), Zions Bancorporation NA (ZION), Prosperity Bancshares (PB), Signature Bank (SBNY), East West Bancorp (EWBC) and Cullen/Frost Bankers (CFR).
View all 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 Walt Disney (DIS), Mcdonald's (MCD), Q BioMed (QBIO), Bank of America (BAC), Intelsat (I), Omega Healthcare Investors (OHI), Alibaba Group (BABA), Standex Int'l (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 O. Handy III, Chairman & CEO (Age 57)
  • Mr. Mark K. W. Gim, Pres & COO (Age 53)
  • Mr. Ronald S. Ohsberg CPA, Sr. EVP, CFO & Treasurer (Age 54)
  • Mr. James M. Hagerty CPA, Exec. VP & Chief Lending Officer of Washington Trust Company of Westerly (Age 61)
  • Ms. Kathleen A. Ryan Esq., Exec. VP & Chief Wealth Management Officer of Washington Trust Company of Westerly (Age 53)

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 number of retail and institutional investors. Top institutional shareholders include Principal Financial Group Inc. (5.54%), Principal Financial Group Inc. (5.54%), Vanguard Group Inc. (4.91%), WASHINGTON TRUST Co (4.21%), Bank of New York Mellon Corp (2.27%) and Boston Trust Walden Corp (1.45%). Company insiders that own Washington Trust Bancorp stock include Edwin J Santos, H Douglas Randall III, John T Ruggieri and Katherine W Hoxsie.
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 Bank of New York Mellon Corp, WASHINGTON TRUST Co, Principal Financial Group Inc., Principal Financial Group Inc., First Trust Advisors LP, New England Research & Management Inc., UBS Group AG, and Commonwealth Equity Services LLC.
View insider buying and selling activity for Washington Trust Bancorp.

Which major investors are buying Washington Trust Bancorp stock?

WASH stock was acquired by a variety of institutional investors in the last quarter, including Russell Investments Group Ltd., ProShare Advisors LLC, Third Avenue Management LLC, Vanguard Group Inc., Healthcare of Ontario Pension Plan Trust Fund, Marshall Wace LLP, Nuveen Asset Management LLC, and Bank of America Corp DE.
View insider buying and selling activity 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, 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 $31.84.

How big of a company is Washington Trust Bancorp?

Washington Trust Bancorp has a market capitalization of $549.56 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 601 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 9/28/2020 by MarketBeat.com Staff
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