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NASDAQ:WASH

Washington Trust Bancorp Stock Forecast, Price & News

$49.26
+0.24 (+0.49%)
(As of 07/6/2022 12:00 AM ET)
Add
Compare
Today's Range
$48.59
$49.42
50-Day Range
$45.98
$50.30
52-Week Range
$45.60
$60.96
Volume
41,646 shs
Average Volume
58,129 shs
Market Capitalization
$854.86 million
P/E Ratio
11.84
Dividend Yield
4.41%
Price Target
$56.00

Washington Trust Bancorp MarketRank™ Forecast

Analyst Rating
Hold
2.00 Rating Score
Upside/​Downside
13.7% Upside
$56.00 Price Target
Short Interest
Bearish
3.78% of Float Sold Short
Dividend Strength
Strong
Based on Four Factors
Sustainability
N/A
News Sentiment
0.56mentions of Washington Trust Bancorp in the last 14 days
Based on 6 Articles This Week
Insider Trading
N/A
Proj. Earnings Growth
12.57%
From $3.82 to $4.30 Per Share

Overall MarketRank

MarketRank is calculated as 30% analysis score, 20% valuation score, 10% short interest score, 10% dividend score, 10% sustainability score, 10% news and social score, and 10% insider trading score.

2.38 out of 5 stars

Finance Sector

326th out of 1,396 stocks

State Commercial Banks Industry

68th out of 243 stocks

30 days | 90 days | 365 days | Advanced Chart

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About Washington Trust Bancorp (NASDAQ:WASH) Stock

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, such as commercial real estate loans, including commercial mortgages and construction loans; commercial and industrial loans; residential real estate loans that consist 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; and offers variable annuities and college savings plans. As of December 31, 2021, it had 10 branch offices located in southern Rhode Island, 13 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.

WASH Stock News Headlines

PNC Bank Mortgage Review 2022
KBRA Assigns Preliminary Ratings to BANK 2022-BNK42
Washington Trust Bancorp is Oversold
See More Headlines

Industry, Sector and Symbol

Industry
State commercial banks
Sub-Industry
Regional Banks
Sector
Finance
Current Symbol
NASDAQ:WASH
CUSIP
94061010
Employees
623
Year Founded
1800

Company Calendar

Ex-Dividend for 4/8 Dividend
3/31/2022
Dividend Payable
4/08/2022
Last Earnings
4/25/2022
Ex-Dividend for 7/8 Dividend
6/30/2022
Today
7/06/2022
Dividend Payable
7/08/2022
Next Earnings (Estimated)
7/20/2022
Fiscal Year End
12/31/2022

Price Target and Rating

Average Stock Price Forecast
$56.00
High Stock Price Forecast
$56.00
Low Stock Price Forecast
$56.00
Forecasted Upside/Downside
+13.7%
Consensus Rating
Hold
Rating Score (0-4)
2
Research Coverage
2 Analysts

Profitability

Net Income
$76.87 million
Pretax Margin
39.22%

Debt

Sales & Book Value

Annual Sales
$245.39 million
Cash Flow
$4.86 per share
Book Value
$32.53 per share

Miscellaneous

Free Float
17,108,000
Market Cap
$854.86 million
Optionable
Optionable
Beta
0.74

Social Links















Washington Trust Bancorp Frequently Asked Questions

Should I buy or sell Washington Trust Bancorp stock right now?

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.

What is Washington Trust Bancorp's stock price forecast for 2022?

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.
View analysts' price targets for Washington Trust Bancorp
or view top-rated stocks among Wall Street analysts.

How has Washington Trust Bancorp's stock performed in 2022?

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.
View the best growth stocks for 2022 here
.

When is Washington Trust Bancorp's next earnings date?

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
.

How were Washington Trust Bancorp's earnings last quarter?

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
.

How often does Washington Trust Bancorp pay dividends? What is the dividend yield for Washington Trust Bancorp?

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
.

Is Washington Trust Bancorp a good dividend stock?

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.

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 60, Pay $1.28M)
  • Mr. Mark Kenyon Wever Gim, Pres & COO (Age 56, Pay $633.4k)
  • Mr. Ronald S. Ohsberg CPA, Sr. EVP, CFO & Treasurer (Age 57, Pay $511.38k)
  • Ms. Mary E. Noons, Exec. VP & Chief Retail Lending Officer of The Washington Trust Company of Westerly (Age 60, Pay $458.64k)
  • Ms. Maria N. Janes CPA, CPA, Exec. VP, Chief Accounting Officer & Controller (Age 51)
  • Ms. Elizabeth B. Eckel, Sr. VP and Chief Marketing & Corp. Communications Officer (Age 62)
  • Ms. Kristen L. DiSanto, Sr. EVP, Chief HR Officer & Corp. Sec. (Age 52)
  • Mr. Joseph M. Confessore, Sr. VP of Wealth Management & Commercial Banking

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.

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 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."

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 $49.26.

How much money does Washington Trust Bancorp make?

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.

How many employees does Washington Trust Bancorp have?

Washington Trust Bancorp employs 623 workers across the globe.

When was Washington Trust Bancorp founded?

Washington Trust Bancorp was founded in 1800.

How can I contact Washington Trust Bancorp?

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.

This page (NASDAQ:WASH) was last updated on 7/6/2022 by MarketBeat.com Staff

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