Washington Trust Bancorp Stock Forecast, Price & News

Washington Trust Bancorp's stock was trading at $35.75 on March 11th, 2020 when Coronavirus (COVID-19) reached pandemic status according to the World Health Organization (WHO). Since then, WASH stock has decreased by 13.8% and is now trading at $30.82.
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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.

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.

Washington Trust Bancorp (NASDAQ:WASH) released its quarterly earnings results on Tuesday, July, 21st. The financial services provider reported $1.21 earnings per share (EPS) for the quarter, beating the Thomson Reuters' consensus estimate of $0.64 by $0.57. The financial services provider had revenue of $57.27 million for the quarter, compared to analyst estimates 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.

Washington Trust Bancorp announced a quarterly dividend on Friday, September 18th. Investors of record on Thursday, October 1st will be paid a dividend of $0.51 per share on Friday, October 9th. This represents a $2.04 annualized dividend and a dividend yield of 6.62%. The ex-dividend date of this dividend is Wednesday, September 30th.
View Washington Trust Bancorp's dividend history.

2 Wall Street analysts have issued 12-month price targets for Washington Trust Bancorp's shares. Their forecasts range from $40.00 to $40.00. On average, they anticipate Washington Trust Bancorp's share price to reach $40.00 in the next twelve months. This suggests a possible upside of 29.8% from the stock's current price.
View analysts' price targets for Washington Trust Bancorp.

Washington Trust Bancorp saw a drop in short interest in August. As of August 31st, there was short interest totaling 199,000 shares, a drop of 16.5% from the August 15th total of 238,200 shares. Based on an average daily volume of 95,400 shares, the short-interest ratio is presently 2.1 days. Approximately 1.2% of the company's shares are sold short.
View Washington Trust Bancorp's Short Interest.

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), SVB Financial Group (SIVB), M&T Bank (MTB), KeyCorp (KEY), Regions Financial (RF), Huntington Bancshares (HBAN), Commerce Bancshares (CBSH), Zions Bancorporation NA (ZION), Prosperity Bancshares (PB), Signature Bank (SBNY), East West Bancorp (EWBC) and Cullen/Frost Bankers (CFR).
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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 Int'l (SXI), Bank of Montreal (BMO) and AT&T (T).

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

Washington Trust Bancorp's stock is owned by many different retail and institutional investors. Top institutional investors include Principal Financial Group Inc. (5.54%), Principal Financial Group Inc. (5.54%), Vanguard Group Inc. (4.91%), WASHINGTON TRUST Co (4.21%), Bank of New York Mellon Corp (2.27%) and Boston Trust Walden Corp (1.45%). Company insiders that own Washington Trust Bancorp stock include Edwin J Santos, H Douglas Randall III, John T Ruggieri and Katherine W Hoxsie.
View institutional ownership trends for Washington Trust Bancorp.

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

WASH stock was acquired by a variety of institutional investors in the last quarter, including Russell Investments Group Ltd., ProShare Advisors LLC, Third Avenue Management LLC, Vanguard Group Inc., Healthcare of Ontario Pension Plan Trust Fund, Marshall Wace LLP, Nuveen Asset Management LLC, and Bank of America Corp DE.
View insider buying and selling activity for 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.

One share of WASH stock can currently be purchased for approximately $30.82.

Washington Trust Bancorp has a market capitalization of $531.95 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.

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

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]