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NASDAQ:WASHWashington Trust Bancorp Stock Price, Forecast & News

$34.94
-0.94 (-2.62 %)
(As of 08/13/2020 01:45 PM ET)
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Today's Range
$34.94
Now: $34.94▼
$35.73
50-Day Range
$28.85
MA: $32.43▼
$35.97
52-Week Range
$25.86
Now: $34.94▼
$54.96
Volume322 shs
Average Volume87,449 shs
Market Capitalization$603.06 million
P/E Ratio9.05
Dividend Yield5.67%
Beta0.61
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: 2.3Community Rank: 2.0Dividend Strength: 4.2Insider Behavior: 1.0Valuation: 1.3 5 -4 -3 -2 -1 -

Overall Beat the Market Rank™

2.13 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 Ratio9.05
Forward P/E Ratio8.20
P/E GrowthN/A

Sales & Book Value

Annual Sales$264.74 million
Price / Sales2.28
Cash Flow$4.39 per share
Price / Cash Flow7.96
Book Value$29.01 per share
Price / Book1.20

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$603.06 million
Next Earnings Date10/19/2020 (Estimated)
OptionableOptionable
$34.94
-0.94 (-2.62 %)
(As of 08/13/2020 01:45 PM 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 COVID-19?

Washington Trust Bancorp's stock was trading at $35.75 on March 11th, 2020 when COVID-19 reached pandemic status according to the World Health Organization (WHO). Since then, WASH stock has decreased by 2.3% and is now trading at $34.94.
View which stocks have been most impacted by COVID-19.

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 1 hold rating and 1 buy rating for the stock, resulting in a consensus recommendation of "Buy."
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) announced its quarterly earnings results on Tuesday, July, 21st. The financial services provider reported $1.21 earnings per share (EPS) for the quarter, topping the Zacks' consensus estimate of $0.64 by $0.57. The financial services provider had revenue of $57.27 million for the quarter, compared to analysts' expectations 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 announced a quarterly dividend on Friday, June 19th. Shareholders of record on Wednesday, July 1st will be paid a dividend of $0.51 per share on Friday, July 10th. This represents a $2.04 dividend on an annualized basis and a dividend yield of 5.84%. The ex-dividend date is Tuesday, June 30th.
View Washington Trust Bancorp's dividend history.

What price target have analysts set for WASH?

2 brokers have issued 1 year price objectives for Washington Trust Bancorp's stock. Their forecasts range from $40.00 to $40.00. On average, they expect Washington Trust Bancorp's share price to reach $40.00 in the next year. This suggests a possible upside of 14.5% from the stock's current price.
View analysts' price targets for Washington Trust Bancorp.

Has Washington Trust Bancorp been receiving favorable news coverage?

News stories about WASH stock have been trending extremely negative this week, according to InfoTrie Sentiment Analysis. The research firm rates the sentiment of media coverage by reviewing more than six thousand blog and news sources in real time. The firm ranks coverage of companies on a scale of negative five to positive five, with scores nearest to five being the most favorable. Washington Trust Bancorp earned a media sentiment score of -4.1 on InfoTrie's scale. They also gave news headlines about the financial services provider a news buzz of 10.0 out of 10, indicating that recent media coverage is extremely likely to have an impact on the stock's share price in the next few days.
View the latest news about Washington Trust Bancorp.

Are investors shorting Washington Trust Bancorp?

Washington Trust Bancorp saw a increase in short interest during the month of June. As of June 30th, there was short interest totaling 306,500 shares, an increase of 61.8% from the June 15th total of 189,400 shares. Based on an average daily volume of 120,500 shares, the short-interest ratio is presently 2.5 days. Currently, 1.8% of the shares of the company 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), M&T Bank (MTB), SVB Financial Group (SIVB), KeyCorp (KEY), Regions Financial (RF), Huntington Bancshares (HBAN), Commerce Bancshares (CBSH), Signature Bank (SBNY), Zions Bancorporation NA (ZION), East West Bancorp (EWBC), Prosperity Bancshares (PB) 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 many different retail and institutional investors. Top institutional investors include Principal Financial Group Inc. (5.54%), WASHINGTON TRUST Co (4.21%), Bank of New York Mellon Corp (2.27%), Boston Trust Walden Corp (1.45%), Russell Investments Group Ltd. (1.38%) and ProShare Advisors LLC (1.26%). Company insiders that own Washington Trust Bancorp stock include Edwin J Santos, H Douglas Randall III, James M Hagerty, John F Treanor, John T Ruggieri and Katherine W Hoxsie.
View institutional ownership trends for Washington Trust Bancorp.

Which institutional 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., First Trust Advisors LP, New England Research & Management Inc., UBS Group AG, Commonwealth Equity Services LLC, and Barry Investment Advisors LLC.
View insider buying and selling activity for Washington Trust Bancorp.

Which institutional investors are buying Washington Trust Bancorp stock?

WASH stock was purchased by a variety of institutional investors in the last quarter, including Russell Investments Group Ltd., ProShare Advisors LLC, Healthcare of Ontario Pension Plan Trust Fund, Boston Trust Walden Corp, ClariVest Asset Management LLC, Coastline Trust Co, WINTON GROUP Ltd, and Quantitative Systematic Strategies LLC.
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 $34.94.

How big of a company is Washington Trust Bancorp?

Washington Trust Bancorp has a market capitalization of $603.06 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 8/13/2020 by MarketBeat.com Staff
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