NASDAQ:WASH Washington Trust Bancorp - WASH Stock Forecast, Price & News Adding Choose a watchlist: Watchlist Adding You have already added five stocks to your watchlist. Upgrade to MarketBeat Daily Premium 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. $35.61 -0.04 (-0.11%) (As of 03/29/2023 12:00 AM ET) Add Compare Share Share Today's Range$35.06▼$35.9350-Day Range$34.76▼$47.5752-Week Range$33.70▼$55.93Volume79,986 shsAverage Volume119,431 shsMarket Capitalization$605.01 millionP/E Ratio8.66Dividend Yield6.29%Price Target$51.00 ProfileAnalyst RatingsChartCompetitorsDividendEarningsFinancialsInsider TradesInstitutional OwnershipHeadlinesOptions ChainSEC FilingsShort InterestSocial Media Washington Trust Bancorp MarketRank™ ForecastAnalyst RatingHold2.00 Rating ScoreUpside/Downside43.2% Upside$51.00 Price TargetShort InterestBearish4.41% of Float Sold ShortDividend StrengthStrongBased on Four FactorsSustainabilityN/ANews Sentiment0.31Based on 14 Articles This WeekInsider TradingAcquiring Shares$55,012 Bought Last QuarterProj. Earnings Growth7.08%From $3.67 to $3.93 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.2.97 out of 5 starsFinance Sector147th out of 892 stocksState Commercial Banks Industry43rd out of 188 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 no buy ratings, 2 hold ratings, and no sell ratings.Price Target Upside/DownsideAccording to analysts' consensus price target of $51.00, Washington Trust Bancorp has a forecasted upside of 43.2% from its current price of $35.61.Amount of Analyst CoverageWashington Trust Bancorp has received no research coverage in the past 90 days. Previous Next 2.0 Short Interest Percentage of Shares Shorted4.41% 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 6.7.Change versus previous monthShort interest in Washington Trust Bancorp has recently increased by 14.90%, indicating that investor sentiment is decreasing significantly. Previous Next 5.0 Dividend Strength Dividend LeadershipWashington Trust Bancorp is a leading dividend payer. It pays a dividend yield of 6.21%, 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 54.50%. This payout ratio is at a healthy, sustainable level, below 75%.Dividend SustainabilityBased on earnings estimates, Washington Trust Bancorp will have a dividend payout ratio of 57.00% next year. This indicates that Washington Trust Bancorp will be able to sustain or increase its 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 2.4 News and Social Media Coverage News SentimentWashington Trust Bancorp has a news sentiment score of 0.31. 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 lower news sentiment than the 0.58 average news sentiment score of Finance companies.News Coverage This WeekMarketBeat has tracked 14 news articles for Washington Trust Bancorp this week, compared to 5 articles on an average week.Search Interest13 people have searched for WASH on MarketBeat in the last 30 days. This is an increase of 1,200% compared to the previous 30 days.MarketBeat FollowsOnly 3 people have added Washington Trust Bancorp to their MarketBeat watchlist in the last 30 days. This is a decrease of 0% compared to the previous 30 days. Previous Next 3.3 Company Ownership Insider Buying vs. Insider SellingIn the past three months, Washington Trust Bancorp insiders have bought more of their company's stock than they have sold. Specifically, they have bought $55,012.00 in company stock and sold $0.00 in company stock.Percentage Held by InsidersOnly 1.42% of the stock of Washington Trust Bancorp is held by insiders.Percentage Held by Institutions71.23% 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 2.5 Earnings and Valuation Earnings GrowthEarnings for Washington Trust Bancorp are expected to grow by 7.08% in the coming year, from $3.67 to $3.93 per share.Price to Earnings Ratio vs. the MarketThe P/E ratio of Washington Trust Bancorp is 8.66, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 127.99.Price to Earnings Ratio vs. SectorThe P/E ratio of Washington Trust Bancorp is 8.66, which means that it is trading at a less expensive P/E ratio than the Finance sector average P/E ratio of about 140.24.Price to Book Value per Share RatioWashington Trust Bancorp has a P/B Ratio of 1.35. 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 a bank holding company. The firm engages in the provision of financial services, including business banking, personal banking and wealth management and trust services. It operates through the following segments: Commercial Banking and Wealth Management Services. The Commercial Banking segment includes commercial, residential and consumer lending activities, mortgage banking activities, deposit generation, cash management activities and direct banking activities, which include the operation of ATMs, telephone and internet banking services and customer support and sales. The Wealth Management Services segment includes investment management, financial planning, personal trust and estate services, including services as trustee, personal representative, custodian and guardian and institutional trust services are also provided, including fiduciary services. The company was founded in 1984 and is headquartered in Westerly, RI.Read More 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 Stock News HeadlinesMarch 29, 2023 | reuters.comEuro zone underlying inflation sticky, ECB's Schnabel says in WashingtonMarch 29, 2023 | reuters.comWhite House prepares new bank rule proposal after failures - sourceMarch 29, 2023 | Tradewins (Ad)Modern Day Options Trading For Beginners!These days it takes more than willpower to succeed on Wall Street and for new traders, even small mistakes can sink an account! With "Your Guide To Successful Options Trading" by expert Wendy Kirkland, you can avoid new trader pitfalls and learn to earn in this vicious market. March 29, 2023 | reuters.comFed official tells lawmakers many to blame for Silicon Valley Bank failureMarch 29, 2023 | americanbankingnews.comWashington Trust Bancorp, Inc. (NASDAQ:WASH) to Issue $0.56 Quarterly DividendMarch 29, 2023 | msn.comUS regulator cites 'terrible' risk management for Silicon Valley Bank failureMarch 28, 2023 | msn.comUS regulators to face sharp questions from Congress over bank collapsesMarch 26, 2023 | reuters.comBank stress brings U.S. closer to recession, Kashkari saysMarch 29, 2023 | Tradewins (Ad)Modern Day Options Trading For Beginners!These days it takes more than willpower to succeed on Wall Street and for new traders, even small mistakes can sink an account! With "Your Guide To Successful Options Trading" by expert Wendy Kirkland, you can avoid new trader pitfalls and learn to earn in this vicious market. March 26, 2023 | finance.yahoo.comIs It Smart To Buy Washington Trust Bancorp, Inc. (NASDAQ:WASH) Before It Goes Ex-Dividend?March 25, 2023 | msn.comWhen saving becomes a nightmare: some of the biggest bank failures in historyMarch 25, 2023 | reuters.comAnalysis: Wall Street push for bank rescues clashes with Washington realitiesMarch 23, 2023 | reuters.comYellen: FDIC estimate of $2.5 bln loss related to Signature Bank is not final determinationMarch 23, 2023 | msn.comCitigroup CEO declares 'this is not a credit crisis' after U.S. bank failuresMarch 22, 2023 | nytimes.comPowell and Yellen Suggest Need to Review Regulations After Bank FailuresMarch 22, 2023 | msn.comUS not considering 'blanket insurance' for bank deposits, Yellen saysMarch 22, 2023 | reuters.comUS working to restore capacity to designate non-bank finance institutions as systemic, Yellen saysMarch 22, 2023 | finance.yahoo.comWashington Trust Selected by Federal Home Loan Bank of Boston Bank to Offer Homeownership Assistance Through FHLB GrantsMarch 21, 2023 | msn.comUS Senate Banking Committee to hold hearings on Silicon Valley Bank collapseMarch 21, 2023 | msn.comFederal Reserve out of control: Americans shouldn't have to pay for Wall St-Washington mistakesMarch 21, 2023 | msn.comCentral bank rate bets send dollar, sterling lowerMarch 21, 2023 | reuters.comMajor bank CEOs gather, First Republic to be discussed - sourcesMarch 21, 2023 | msn.comUS Sen. Scott pushes for new Fed inspector general, slams Fed over bank regulation,March 20, 2023 | reuters.comWorld Bank says Syria quakes caused $5.2 bln in damage, 5.5% GDP contraction for 2023March 19, 2023 | reuters.comU.S. bank deposit outflows, unrelated to Credit Suisse, have stabilized, U.S. official saysMarch 19, 2023 | msn.comWhat the FDIC does when a bank failsMarch 19, 2023 | msn.comU.S. Senator Warren calls for investigation into SVB and Signature Bank failures - WSJSee More Headlines View Price History Chart DataSkip Price History Chart 30 days | 90 days | 365 days | Advanced Chart 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 Last Earnings10/24/2021Ex-Dividend for 1/6 Dividend12/30/2022Dividend Payable1/06/2023Today3/29/2023Ex-Dividend for 4/13 Dividend3/31/2023Dividend Payable4/13/2023Next Earnings (Estimated)4/24/2023Fiscal 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) 348-1200Fax401-348-1262Employees623Year 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+43.2%Consensus RatingHold Rating Score (0-4)2.00 Research Coverage2 Analysts Profitability EPS (Most Recent Fiscal Year)$4.11 Trailing P/E Ratio8.66 Forward P/E Ratio9.70 P/E GrowthN/ANet Income$71.68 million Net Margins27.85% Pretax Margin35.47% Return on Equity15.27% Return on Assets1.15% Debt Debt-to-Equity Ratio2.21 Current Ratio1.04 Quick Ratio1.03 Sales & Book Value Annual Sales$257.07 million Price / Sales2.35 Cash Flow$4.52 per share Price / Cash Flow7.88 Book Value$26.41 per share Price / Book1.35Miscellaneous Outstanding Shares16,990,000Free Float16,744,000Market Cap$605.01 million OptionableOptionable Beta0.73 Social Links Key ExecutivesNed HandyChairman & Chief Executive OfficerMark K. W. GimPresident, Chief Operating Officer & DirectorRonald S. OhsbergChief Financial Officer, Treasurer & Senior EVPDennis L. AlgiereChief Compliance Officer & Executive VPKristen L. DiSantoSecretary, Chief Human Resources Officer & SEVPKey CompetitorsGreat Southern BancorpNASDAQ:GSBCHeritage CommerceNASDAQ:HTBKCapital City Bank GroupNASDAQ:CCBGUnivest FinancialNASDAQ:UVSPCentral Pacific FinancialNYSE:CPFView All CompetitorsInsiders & InstitutionsBridgewealth Advisory Group LLCBought 4,999 shares on 2/24/2023Ownership: 0.029%Linden Thomas Advisory Services LLCBought 22,732 shares on 2/17/2023Ownership: 0.132%Systematic Financial Management LPSold 2,059 shares on 2/15/2023Ownership: 1.046%Shepherd Financial Partners LLCBought 350 shares on 2/15/2023Ownership: 0.137%Schonfeld Strategic Advisors LLCBought 4,300 shares on 2/15/2023Ownership: 0.025%View All Insider TransactionsView All Institutional Transactions WASH Stock - Frequently Asked Questions Should I buy or sell Washington Trust Bancorp stock right now? 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. What is Washington Trust Bancorp's stock price forecast for 2023? 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. 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 24.5% and is now trading at $35.61. 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, April 24th 2023. View our WASH earnings forecast. How were Washington Trust Bancorp's earnings last quarter? 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. 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 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. What ETFs hold Washington Trust Bancorp's stock? 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). 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 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. 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 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. 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 $35.61. How much money does Washington Trust Bancorp make? 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. How many employees does Washington Trust Bancorp have? The company employs 623 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 3/29/2023 by MarketBeat.com Staff 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.