Washington Trust Bancorp Stock Forecast, Price & News

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. 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.

2 Wall Street analysts have issued twelve-month price targets for Washington Trust Bancorp's shares. Their WASH stock forecasts range from $56.00 to $56.00. On average, they anticipate Washington Trust Bancorp's share price to reach $56.00 in the next year. This suggests a possible upside of 13.7% from the stock's current price.
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Washington Trust Bancorp's stock was trading at $56.37 on January 1st, 2022. Since then, WASH shares have decreased by 12.6% and is now trading at $49.26.
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Washington Trust Bancorp is scheduled to release its next quarterly earnings announcement on Wednesday, July 20th 2022.
View our earnings forecast for Washington Trust Bancorp.

Washington Trust Bancorp, Inc. (NASDAQ:WASH) issued its earnings results on Monday, April, 25th. The financial services provider reported $0.94 EPS for the quarter, beating analysts' consensus estimates of $0.91 by $0.03. The financial services provider had revenue of $52.25 million for the quarter, compared to analysts' expectations of $53.40 million. Washington Trust Bancorp had a net margin of 30.69% and a trailing twelve-month return on equity of 13.35%. During the same quarter in the prior year, the business posted $1.17 earnings per share.
View Washington Trust Bancorp's earnings history.

Washington Trust Bancorp declared a quarterly dividend on Thursday, June 16th. Shareholders of record on Friday, July 1st will be given a dividend of $0.54 per share on Friday, July 8th. This represents a $2.16 dividend on an annualized basis and a yield of 4.38%. The ex-dividend date of this dividend is Thursday, June 30th.
View Washington Trust Bancorp's dividend history.

Washington Trust Bancorp(NASDAQ:WASH) pays an annual dividend of $2.16 per share and currently has a dividend yield of 4.41%. WASH has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. Washington Trust Bancorp 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 of Washington Trust Bancorp is 51.92%. 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 50.23% next year. This indicates that Washington Trust Bancorp will be able to sustain or increase its dividend.
View Washington Trust Bancorp's dividend history.

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.

Some companies that are related to Washington Trust Bancorp include The PNC Financial Services Group (PNC), Truist Financial (TFC), M&T Bank (MTB), First Republic Bank (FRC), SVB Financial Group (SIVB), Fifth Third Bancorp (FITB), Huntington Bancshares (HBAN), Regions Financial (RF), KeyCorp (KEY), First Horizon (FHN), Signature Bank (SBNY), First Citizens BancShares (FCNCA), East West Bancorp (EWBC), Commerce Bancshares (CBSH) and Western Alliance Bancorporation (WAL).
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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).

Washington Trust Bancorp trades on the NASDAQ under the ticker symbol "WASH."

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.
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One share of WASH stock can currently be purchased for approximately $49.26.

Washington Trust Bancorp (NASDAQ:WASH) has a market capitalization of $854.86 million and generates $245.39 million in revenue each year. The financial services provider earns $76.87 million in net income (profit) each year or $4.16 on an earnings per share basis.

Washington Trust Bancorp employs 623 workers across the globe.

Washington Trust Bancorp was founded in 1800.

Washington Trust Bancorp's mailing address is 23 BROAD STREET, WESTERLY RI, 02891. The official website for Washington Trust Bancorp 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.