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NASDAQ:WASH

Washington Trust Bancorp Stock Forecast, Price & News

$53.39
+0.32 (+0.60 %)
(As of 05/14/2021 12:00 AM ET)
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Today's Range
$52.35
$53.62
50-Day Range
$49.82
$53.07
52-Week Range
$27.80
$55.07
Volume29,424 shs
Average Volume61,806 shs
Market Capitalization$924.23 million
P/E Ratio13.90
Dividend Yield3.92%
Beta0.62
30 days | 90 days | 365 days | Advanced Chart
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Washington Trust Bancorp logo

About Washington Trust Bancorp

Washington Trust Bancorp, Inc. operates as the bank holding company for The Washington Trust Company, of Westerly that offers various banking and financial 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 consists of mortgage and homeowner construction 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, automated teller machine, telephone banking, 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 clients. The company also operates as a licensed broker-dealer that offers variable annuities and college savings plans. As of December 31, 2020, it had 10 branch offices located in southern Rhode Island; 12 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
Employees609
Year FoundedN/A

Sales & Book Value

Annual Sales$264.74 million
Cash Flow$7.24 per share
Book Value$29.01 per share

Profitability

Net Income$69.12 million

Debt

Price-To-Earnings

Miscellaneous

Market Cap$924.23 million
Next Earnings Date7/19/2021 (Estimated)
OptionableOptionable

MarketRank

Overall MarketRank

1.68 out of 5 stars

Finance Sector

470th out of 1,949 stocks

State Commercial Banks Industry

96th out of 309 stocks

Analyst Opinion: 1.0Community Rank: 2.0Dividend Strength: 2.5Insider Behavior: 1.7Valuation: 1.3 5 -4 -3 -2 -1 -
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Washington Trust Bancorp (NASDAQ:WASH) Frequently Asked Questions

Is Washington Trust Bancorp a buy right now?

1 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Washington Trust Bancorp in the last twelve months. There are currently 1 hold rating for the stock. The consensus among Wall Street analysts is that investors should "hold" Washington Trust Bancorp stock. 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 analyst ratings for Washington Trust Bancorp
or view top-rated stocks.

What stocks does MarketBeat like better than Washington Trust Bancorp?

Wall Street analysts have given Washington Trust Bancorp a "Hold" rating, but there may be better buying opportunities in the stock market. Some of MarketBeat's past winning trading ideas have resulted in 5-15% weekly gains. MarketBeat just released five new stock ideas, but Washington Trust Bancorp wasn't one of them. MarketBeat thinks these five companies may be even better buys.
View MarketBeat's top stock picks here.

When is Washington Trust Bancorp's next earnings date?

Washington Trust Bancorp is scheduled to release its next quarterly earnings announcement on Monday, July 19th 2021.
View our earnings forecast for Washington Trust Bancorp
.

How were Washington Trust Bancorp's earnings last quarter?

Washington Trust Bancorp, Inc. (NASDAQ:WASH) released its quarterly earnings data on Tuesday, April, 20th. The financial services provider reported $1.32 EPS for the quarter, topping the Thomson Reuters' consensus estimate of $1.04 by $0.28. The financial services provider had revenue of $58.85 million for the quarter, compared to analyst estimates of $58.60 million. Washington Trust Bancorp had a trailing twelve-month return on equity of 13.05% and a net margin of 25.03%.
View Washington Trust Bancorp's earnings history
.

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

Washington Trust Bancorp's stock was trading at $35.75 on March 11th, 2020 when COVID-19 (Coronavirus) reached pandemic status according to the World Health Organization (WHO). Since then, WASH shares have increased by 49.3% and is now trading at $53.39.
View which stocks have been most impacted by COVID-19
.

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 19th. Stockholders of record on Thursday, April 1st will be given a dividend of $0.52 per share on Friday, April 9th. This represents a $2.08 dividend on an annualized basis and a dividend yield of 3.90%. The ex-dividend date is Wednesday, March 31st.
View Washington Trust Bancorp's dividend history
.

Is Washington Trust Bancorp a good dividend stock?

Washington Trust Bancorp pays an annual dividend of $2.08 per share and currently has a dividend yield of 3.92%. Washington Trust Bancorp does not yet have a strock track record of dividend growth. The dividend payout ratio of Washington Trust Bancorp is 52.53%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, Washington Trust Bancorp will have a dividend payout ratio of 63.80% next year. This indicates that Washington Trust Bancorp will be able to sustain or increase its dividend.
View Washington Trust Bancorp's dividend history.

What price target have analysts set for WASH?

1 Wall Street analysts have issued 12 month price targets for Washington Trust Bancorp's shares. Their forecasts range from $36.00 to $36.00. On average, they expect Washington Trust Bancorp's share price to reach $36.00 in the next year. This suggests that the stock has a possible downside of 32.6%.
View analysts' price targets for Washington Trust Bancorp
or view top-rated stocks among Wall Street analysts.

Who are Washington Trust Bancorp's key executives?

Washington Trust Bancorp's management team includes the following people:
  • Mr. Edward Otis Handy III, Chairman & CEO (Age 59, Pay $1.12M)
  • Mr. Mark Kenyon Wever Gim, Pres & COO (Age 55, Pay $563.09k)
  • Mr. Ronald S. Ohsberg CPA, Sr. EVP, CFO & Treasurer (Age 56, Pay $467.35k)
  • Ms. Maria N. Janes CPA, CPA, Exec. VP, Chief Accounting Officer & Controller (Age 50)
  • Ms. Elizabeth B. Eckel, Sr. VP and Chief Marketing & Corp. Communications Officer (Age 61)
  • Ms. Kristen L. DiSanto, Sr. EVP, Chief HR Officer & Corp. Sec. (Age 51)
  • Mr. Ostrowski C. Scott, Sr. VP & Chief Audit Exec. of The Washington Trust Company
  • Mr. Joseph M. Confessore, Sr. VP of Wealth Management & Commercial Banking
  • Mr. Steven Veronesi, VP & Connecticut Area Mang. of Washington Trust Mortgage

What is Edward O. Handy III's approval rating as Washington Trust Bancorp's CEO?

2 employees have rated Washington Trust Bancorp CEO Edward O. Handy III on Glassdoor.com. Edward O. Handy III has an approval rating of 100% among Washington Trust Bancorp's employees. This puts Edward O. Handy III in the top 10% of approval ratings compared to other CEOs of publicly-traded companies.

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 The 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 institutional and retail investors. Top institutional shareholders include BlackRock Inc. (9.56%), Franklin Resources Inc. (6.20%), Champlain Investment Partners LLC (4.31%), Dimensional Fund Advisors LP (4.03%), WASHINGTON TRUST Co (4.00%) and Principal Financial Group Inc. (3.53%). Company insiders that own Washington Trust Bancorp stock include Edwin J Santos, Katherine W Hoxsie and William K Sr Wray.
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 Principal Financial Group Inc., Russell Investments Group Ltd., Renaissance Technologies LLC, Dimensional Fund Advisors LP, JPMorgan Chase & Co., Northern Trust Corp, Lehman & Derafelo Financial Resources LLC, and Acadian Asset Management LLC. Company insiders that have sold Washington Trust Bancorp company stock in the last year include Edwin J Santos, and William K Sr Wray.
View insider buying and selling activity for Washington Trust Bancorp
or view top insider-selling stocks.

Which major investors are buying Washington Trust Bancorp stock?

WASH stock was purchased by a variety of institutional investors in the last quarter, including Haverford Trust Co., BlackRock Inc., Victory Capital Management Inc., Franklin Resources Inc., Geode Capital Management LLC, Grantham Mayo Van Otterloo & Co. LLC, Barclays PLC, and Champlain Investment Partners LLC.
View insider buying and selling activity for Washington Trust Bancorp
or or view top insider-buying stocks.

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 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 $53.39.

How much money does Washington Trust Bancorp make?

Washington Trust Bancorp has a market capitalization of $924.23 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.

How many employees does Washington Trust Bancorp have?

Washington Trust Bancorp employs 609 workers across the globe.

What is Washington Trust Bancorp's official website?

The official website for Washington Trust Bancorp is www.washtrust.com.

Where are Washington Trust Bancorp's headquarters?

Washington Trust Bancorp is headquartered at 23 BROAD STREET, WESTERLY RI, 02891.

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 5/16/2021 by MarketBeat.com Staff
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