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

$35.28
-0.93 (-2.57 %)
(As of 03/29/2020 03:02 PM ET)
Today's Range
$33.62
Now: $35.28
$37.09
50-Day Range
$30.65
MA: $42.43
$49.20
52-Week Range
$25.86
Now: $35.28
$54.96
Volume64,612 shs
Average Volume82,192 shs
Market Capitalization$612.46 million
P/E Ratio8.91
Dividend Yield5.63%
Beta0.72
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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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$264.74 million
Cash Flow$4.36 per share
Book Value$29.01 per share

Profitability

Net Income$69.12 million

Miscellaneous

Employees601
Market Cap$612.46 million
Next Earnings Date4/27/2020 (Estimated)
OptionableOptionable

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Washington Trust Bancorp (NASDAQ:WASH) Frequently Asked Questions

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

Washington Trust Bancorp's stock was trading at $35.75 on March 11th, 2020 when Coronavirus reached pandemic status according to the World Health Organization (WHO). Since then, WASH shares have decreased by 1.3% and is now trading at $35.28. View which stocks have been mosted impacted by Coronavirus.

Do Wall Street analysts recommend investors buy shares of 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.

When is Washington Trust Bancorp's next earnings date?

Washington Trust Bancorp is scheduled to release its next quarterly earnings announcement on Monday, April 27th 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 quarterly earnings data on Monday, January, 27th. The financial services provider reported $0.89 earnings per share for the quarter, missing the consensus estimate of $0.95 by $0.06. The financial services provider earned $48.61 million during the quarter, compared to analyst estimates of $49.70 million. Washington Trust Bancorp had a net margin of 26.06% and a return on equity of 14.11%. 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 announced a quarterly dividend on Friday, March 20th. Shareholders of record on Wednesday, April 1st will be given a dividend of $0.51 per share on Thursday, April 9th. This represents a $2.04 dividend on an annualized basis and a yield of 5.78%. The ex-dividend date is Tuesday, March 31st. View Washington Trust Bancorp's dividend history.

What price target have analysts set for WASH?

2 analysts have issued 12 month price objectives for Washington Trust Bancorp's stock. Their forecasts range from $53.00 to $55.00. On average, they anticipate Washington Trust Bancorp's share price to reach $54.00 in the next year. This suggests a possible upside of 53.1% from the stock's current price. View analysts' price targets for Washington Trust Bancorp.

Has Washington Trust Bancorp been receiving favorable news coverage?

Media headlines about WASH stock have been trending positive on Sunday, InfoTrie reports. InfoTrie rates the sentiment of news coverage by monitoring more than six thousand news and blog sources in real time. The firm ranks coverage of companies on a scale of negative five to positive five, with scores closest to five being the most favorable. Washington Trust Bancorp earned a news impact score of 2.7 on InfoTrie's scale. They also gave media coverage about the financial services provider a news buzz of 0.0 out of 10, indicating that recent news coverage is extremely unlikely to have an effect on the stock's share price in the near future. View the latest news aboutWashington Trust Bancorp.

Are investors shorting Washington Trust Bancorp?

Washington Trust Bancorp saw a increase in short interest during the month of February. As of February 28th, there was short interest totaling 198,900 shares, an increase of 6.8% from the February 13th total of 186,300 shares. Based on an average daily volume of 42,700 shares, the short-interest ratio is presently 4.7 days. Currently, 1.3% of the shares of the stock are short sold. View Washington Trust Bancorp's Current Options Chain.

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 Walt Disney (DIS), Mcdonald's (MCD), Q BioMed (QBIO), Intelsat (I), Standex Int'l (SXI), Alibaba Group (BABA), Omega Healthcare Investors (OHI), Fossil Group (FOSL), Bank of America (BAC) and Bank of Montreal (BMO).

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 many different retail and institutional investors. Top institutional shareholders include Bank of New York Mellon Corp (11.98%), Principal Financial Group Inc. (6.22%), Champlain Investment Partners LLC (4.93%), Franklin Resources Inc. (4.56%), Franklin Resources Inc. (4.56%) and Renaissance Technologies LLC (2.82%). 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, John T Ruggieri, Katherine W Hoxsie, Kristen L Disanto, Mary E Noons 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 Renaissance Technologies LLC, John W. Rosenthal Capital Management Inc., Driehaus Capital Management LLC, Nuveen Asset Management LLC, Barclays PLC, Ladenburg Thalmann Financial Services Inc., Credit Suisse AG, and Bank of America Corp DE. Company insiders that have sold Washington Trust Bancorp company stock in the last year include Edwin J Santos, and Katherine W Hoxsie. 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 Bank of New York Mellon Corp, Norges Bank, Franklin Resources Inc., Franklin Resources Inc., Champlain Investment Partners LLC, Principal Financial Group Inc., Hotchkis & Wiley Capital Management LLC, and Foundry Partners LLC. Company insiders that have bought Washington Trust Bancorp stock in the last two years include Constance A Howes, and John T Ruggieri. 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 $35.28.

How big of a company is Washington Trust Bancorp?

Washington Trust Bancorp has a market capitalization of $612.46 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. View additional information about Washington Trust Bancorp.

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:  2.1 out of 5 (star star)
Outperform Votes:  172 (Vote Outperform)
Underperform Votes:  247 (Vote Underperform)
Total Votes:  419
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 3/29/2020 by MarketBeat.com Staff

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