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NASDAQ:WASH

Washington Trust Bancorp Stock Forecast, Price & News

$41.41
-0.76 (-1.80 %)
(As of 11/25/2020 12:00 AM ET)
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Today's Range
$41.05
Now: $41.41▼
$41.75
50-Day Range
$32.23
MA: $35.52▼
$42.17
52-Week Range
$25.86
Now: $41.41▼
$54.96
Volume54,499 shs
Average Volume79,175 shs
Market Capitalization$714.94 million
P/E Ratio10.78
Dividend Yield4.84%
Beta0.62
Washington Trust Bancorp, Inc. operates as the bank holding company for The Washington Trust Company, of Westerly that offers various 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 machines, telephone, internet, 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, 2019, it had 10 branch offices located in southern Rhode Island; 12 branch offices located in the greater Providence area in Rhode Island; and one 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: 1.3Community Rank: 2.0Dividend Strength: 4.2Insider Behavior: 1.7Valuation: 1.3 5 -4 -3 -2 -1 -

Overall Beat the Market Rank™

2.07 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
Employees598

Debt

Debt-to-Equity Ratio1.98
Current Ratio1.10
Quick Ratio1.09

Price-To-Earnings

Trailing P/E Ratio10.78
Forward P/E Ratio10.70
P/E GrowthN/A

Sales & Book Value

Annual Sales$264.74 million
Price / Sales2.70
Cash Flow$5.62 per share
Price / Cash Flow7.37
Book Value$29.01 per share
Price / Book1.43

Profitability

EPS (Most Recent Fiscal Year)$3.96
Net Income$69.12 million
Net Margins25.03%
Return on Equity13.05%
Return on Assets1.19%

Miscellaneous

Outstanding Shares17,265,000
Market Cap$714.94 million
Next Earnings Date1/25/2021 (Estimated)
OptionableOptionable
$41.41
-0.76 (-1.80 %)
(As of 11/25/2020 12:00 AM 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. Since then, WASH stock has increased by 15.8% and is now trading at $41.41.
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.

What stocks does MarketBeat like better than Washington Trust Bancorp?

Wall Street analysts have given Washington Trust Bancorp a "Buy" rating, but there may be better short-term opportunities in the market. Some of MarketBeat's winning trading ideas this year have resulted in 5-15% weekly gains. MarketBeat just released five new trading ideas, but Washington Trust Bancorp wasn't one of them. MarketBeat thinks these five stocks 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, January 25th 2021.
View our earnings forecast for Washington Trust Bancorp.

How were Washington Trust Bancorp's earnings last quarter?

Washington Trust Bancorp, Inc. (NASDAQ:WASH) announced its quarterly earnings results on Monday, October, 19th. The financial services provider reported $1.06 earnings per share (EPS) for the quarter, topping the Thomson Reuters' consensus estimate of $1.03 by $0.03. Washington Trust Bancorp had a return on equity of 13.05% and a net margin of 25.03%.
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 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 4.93%. The ex-dividend date is Wednesday, September 30th.
View Washington Trust Bancorp's dividend history.

What price target have analysts set for WASH?

2 equities research analysts have issued 12 month price objectives for Washington Trust Bancorp's shares. Their forecasts range from $36.00 to $40.00. On average, they expect Washington Trust Bancorp's share price to reach $38.00 in the next year. This suggests that the stock has a possible downside of 8.2%.
View analysts' price targets for Washington Trust Bancorp.

Are investors shorting Washington Trust Bancorp?

Washington Trust Bancorp saw a increase in short interest during the month of October. As of October 15th, there was short interest totaling 231,900 shares, an increase of 22.2% from the September 30th total of 189,800 shares. Based on an average trading volume of 61,800 shares, the days-to-cover ratio is currently 3.8 days. Currently, 1.4% of the company's stock are short sold.
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), The PNC Financial Services Group (PNC), First Republic Bank (FRC), Fifth Third Bancorp (FITB), SVB Financial Group (SIVB), KeyCorp (KEY), M&T Bank (MTB), Regions Financial (RF), Huntington Bancshares (HBAN), Commerce Bancshares (CBSH), First Horizon National (FHN), Zions Bancorporation, National Association (ZION), East West Bancorp (EWBC), Signature Bank (SBNY) and Prosperity Bancshares (PB).
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 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).

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 58, Pay $1.02M)
  • Mr. Mark Kenyon Wever Gim, Pres & COO (Age 54, Pay $528.73k)
  • Mr. Ronald S. Ohsberg CPA, Sr. EVP, CFO & Treasurer (Age 55, Pay $429.57k)
  • Mr. James M. Hagerty CPA, Exec. VP & Chief Lending Officer of Washington Trust Company of Westerly (Age 62, Pay $425.44k)
  • Ms. Kathleen A. Ryan Esq., Exec. VP & Chief Wealth Management Officer of Washington Trust Company of Westerly (Age 54, Pay $450.84k)
  • Ms. Elizabeth B. Eckel, Sr. VP and Chief Marketing & Corp. Communications Officer (Age 60)
  • Ms. Kristen L. DiSanto, Sr. EVP, Chief HR Officer & Corp. Sec. (Age 50)
  • Mr. Joseph M. Confessore, Sr. VP of Wealth Management & Commercial Banking
  • Ms. Maria N. Janes CPA, CPA, Exec. VP & Controller (Age 49)
  • Mr. Steven Veronesi, VP & Connecticut Area Mang. of Washington Trust Mortgage

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 shareholders include BlackRock Inc. (8.68%), Principal Financial Group Inc. (5.22%), Champlain Investment Partners LLC (4.13%), WASHINGTON TRUST Co (4.08%), JPMorgan Chase & Co. (2.94%) and State Street Corp (2.09%). Company insiders that own Washington Trust Bancorp stock include Edwin J Santos, 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 Champlain Investment Partners LLC, Principal Financial Group Inc., WASHINGTON TRUST Co, BlackRock Inc., Victory Capital Management Inc., Thrivent Financial for Lutherans, State Street Corp, and The Manufacturers Life Insurance Company .
View insider buying and selling activity for Washington Trust Bancorp.

Which institutional investors are buying Washington Trust Bancorp stock?

WASH stock was bought by a variety of institutional investors in the last quarter, including Third Avenue Management LLC, Dean Investment Associates LLC, JPMorgan Chase & Co., Walthausen & Co. LLC, Boston Partners, ProShare Advisors LLC, Boston Trust Walden Corp, and Arrowstreet Capital Limited Partnership.
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 $41.41.

How big of a company is Washington Trust Bancorp?

Washington Trust Bancorp has a market capitalization of $714.94 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 598 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 11/25/2020 by MarketBeat.com Staff
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