NASDAQ:WASH

Washington Trust Bancorp Stock Forecast, Price & News

$53.39

+0.32 (+0.60 %)

(As of 05/14/2021 12:00 AM ET)

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Today's Range

$52.35

▼

$53.62

50-Day Range

$49.82

▼

$53.07

52-Week Range

$27.80

▼

$55.07

Volume29,424 shs

Average Volume61,806 shs

Market Capitalization$924.23 million

P/E Ratio13.90

Dividend Yield3.92%

Beta0.62

30 days | 90 days | 365 days | Advanced Chart

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About Washington Trust Bancorp

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, 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 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 that offers variable annuities and college savings plans. As of December 31, 2020, it had 10 branch offices located in southern Rhode Island; 12 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.

UPDATE 1-Russia freezes Moscow bank accounts of U.S. broadcaster RFE/RL
May 14, 2021 | reuters.com

China, Hong Kong stocks fall on soft bank lending, Sino-U.S. tensions
May 13, 2021 | msn.com

Washington Trust Bancorp (NASDAQ:WASH) Shares Pass Above 200 Day Moving Average of $46.30
May 13, 2021 | americanbankingnews.com

Insider Selling: Washington Trust Bancorp, Inc. (NASDAQ:WASH) Director Sells 1,120 Shares of Stock
May 5, 2021 | americanbankingnews.com

$57.90 Million in Sales Expected for Washington Trust Bancorp, Inc. (NASDAQ:WASH) This Quarter
May 4, 2021 | americanbankingnews.com

UPDATE 1-U.S. Treasury's Yellen to appoint Fed official as acting head of bank regulator -sources
May 3, 2021 | msn.com

Washington Trust Bancorp, Inc. (NASDAQ:WASH) Expected to Post Earnings of $1.15 Per Share
May 2, 2021 | americanbankingnews.com

Shawn McElmoyl Joins The Private Bank at Union Bank as Private Wealth Management Executive for Northern Region
April 29, 2021 | markets.businessinsider.com

William K. Sr. Wray Sells 1,200 Shares of Washington Trust Bancorp, Inc. (NASDAQ:WASH) Stock
April 28, 2021 | americanbankingnews.com

Here's Why I Think Washington Trust Bancorp (NASDAQ:WASH) Is An Interesting Stock
April 27, 2021 | finance.yahoo.com

See More Headlines

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

Employees609

Year FoundedN/A

Sales & Book Value

Annual Sales$264.74 million

Price / Sales3.49

Cash Flow$7.24 per share

Price / Cash Flow7.37

Book Value$29.01 per share

Price / Book1.84

Profitability

EPS (Most Recent Fiscal Year)$3.96

Net Income$69.12 million

Net Margins25.03%

Return on Equity13.05%

Return on Assets1.19%

Debt

Debt-to-Equity Ratio1.98

Current Ratio1.10

Quick Ratio1.09

Price-To-Earnings

Trailing P/E Ratio13.90

Forward P/E Ratio13.80

P/E GrowthN/A

Miscellaneous

Outstanding Shares17,311,000

Market Cap$924.23 million

Next Earnings Date7/19/2021 (Estimated)

OptionableOptionable

MarketRank^™

Overall MarketRank^™

1.68 out of 5 stars

Finance Sector

470th out of 1,949 stocks

State Commercial Banks Industry

96th out of 309 stocks

1.0 Analyst's Opinion

Consensus Rating
Washington Trust Bancorp has received a consensus rating of Hold. The company's average rating score is 2.00, and is based on no buy ratings, 1 hold rating, and no sell ratings.
Price Target Upside/Downside
According to analysts' consensus price target of $36.00, Washington Trust Bancorp has a forecasted downside of 32.6% from its current price of $53.39.
Amount of Analyst Coverage
Washington Trust Bancorp has received no research coverage in the past 90 days.

2.0 Community Rank

Outperform Votes
Washington Trust Bancorp has received 180 “outperform” votes. (Add your “outperform” vote.)
Underperform Votes
Washington Trust Bancorp has received 267 “underperform” votes. (Add your “underperform” vote.)
Community Sentiment
Washington Trust Bancorp has received 59.73% “underperform” votes from our community.

MarketBeat's community ratings are surveys of what our community members think about Washington Trust Bancorp and other stocks. Vote “Outperform” if you believe WASH will outperform the S&P 500 over the long term. Vote “Underperform” if you believe WASH will underperform the S&P 500 over the long term. You may vote once every thirty days.

2.5 Dividend Strength

Dividend Yield
Washington Trust Bancorp pays a meaningful dividend of 3.92%, higher than the bottom 25% of all stocks that pay dividends.
Dividend Growth
Washington Trust Bancorp has only been increasing its dividend for 1 years.
Dividend Coverage
The dividend payout ratio of Washington Trust Bancorp is 52.53%. This payout ratio is at a healthy, sustainable level, below 75%.
Dividend Sustainability
Based on earnings estimates, Washington Trust Bancorp will have a dividend payout ratio of 63.80% next year. This indicates that Washington Trust Bancorp will be able to sustain or increase its dividend.

1.7 Company Ownership

Insider Buying vs. Insider Selling
In the past three months, Washington Trust Bancorp insiders have sold more of their company's stock than they have bought. Specifically, they have bought $0.00 in company stock and sold $120,746.00 in company stock.
Percentage Held by Insiders
Only 2.28% of the stock of Washington Trust Bancorp is held by insiders.
Percentage Held by Institutions
71.46% of the stock of Washington Trust Bancorp is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

1.3 Earnings and Valuation

Earnings Growth
Earnings for Washington Trust Bancorp are expected to decrease by -15.76% in the coming year, from $3.87 to $3.26 per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of Washington Trust Bancorp is 13.90, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 23.51.
Price to Earnings Ratio vs. Sector
The P/E ratio of Washington Trust Bancorp is 13.90, which means that it is trading at a less expensive P/E ratio than the Finance sector average P/E ratio of about 22.61.
Price to Book Value per Share Ratio
Washington Trust Bancorp has a P/B Ratio of 1.84. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

See Top Rated MarketRank™ Stocks Here

Washington Trust Bancorp (NASDAQ:WASH) Frequently Asked Questions

Is Washington Trust Bancorp a buy right now?

1 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Washington Trust Bancorp in the last twelve months. There are currently 1 hold rating 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 stocks does MarketBeat like better than Washington Trust Bancorp?

Wall Street analysts have given Washington Trust Bancorp a "Hold" rating, but there may be better buying opportunities in the stock market. Some of MarketBeat's past winning trading ideas have resulted in 5-15% weekly gains. MarketBeat just released five new stock ideas, but Washington Trust Bancorp wasn't one of them. MarketBeat thinks these five companies 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, July 19th 2021.
View our earnings forecast for Washington Trust Bancorp.

How were Washington Trust Bancorp's earnings last quarter?

Washington Trust Bancorp, Inc. (NASDAQ:WASH) released its quarterly earnings data on Tuesday, April, 20th. The financial services provider reported $1.32 EPS for the quarter, topping the Thomson Reuters' consensus estimate of $1.04 by $0.28. The financial services provider had revenue of $58.85 million for the quarter, compared to analyst estimates of $58.60 million. Washington Trust Bancorp had a trailing twelve-month return on equity of 13.05% and a net margin of 25.03%.
View Washington Trust Bancorp's earnings history.

How has Washington Trust Bancorp's stock price been impacted by COVID-19 (Coronavirus)?

Washington Trust Bancorp's stock was trading at $35.75 on March 11th, 2020 when COVID-19 (Coronavirus) reached pandemic status according to the World Health Organization (WHO). Since then, WASH shares have increased by 49.3% and is now trading at $53.39.
View which stocks have been most impacted by COVID-19.

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, March 19th. Stockholders of record on Thursday, April 1st will be given a dividend of $0.52 per share on Friday, April 9th. This represents a $2.08 dividend on an annualized basis and a dividend yield of 3.90%. The ex-dividend date is Wednesday, March 31st.
View Washington Trust Bancorp's dividend history.

Is Washington Trust Bancorp a good dividend stock?

Washington Trust Bancorp pays an annual dividend of $2.08 per share and currently has a dividend yield of 3.92%. Washington Trust Bancorp does not yet have a strock track record of dividend growth. The dividend payout ratio of Washington Trust Bancorp is 52.53%. 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 63.80% next year. This indicates that Washington Trust Bancorp will be able to sustain or increase its dividend.
View Washington Trust Bancorp's dividend history.

What price target have analysts set for WASH?

1 Wall Street analysts have issued 12 month price targets for Washington Trust Bancorp's shares. Their forecasts range from $36.00 to $36.00. On average, they expect Washington Trust Bancorp's share price to reach $36.00 in the next year. This suggests that the stock has a possible downside of 32.6%.
View analysts' price targets for Washington Trust Bancorp or view top-rated stocks among Wall Street analysts.

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 59, Pay $1.12M)
Mr. Mark Kenyon Wever Gim, Pres & COO (Age 55, Pay $563.09k)
Mr. Ronald S. Ohsberg CPA, Sr. EVP, CFO & Treasurer (Age 56, Pay $467.35k)
Ms. Maria N. Janes CPA, CPA, Exec. VP, Chief Accounting Officer & Controller (Age 50)
Ms. Elizabeth B. Eckel, Sr. VP and Chief Marketing & Corp. Communications Officer (Age 61)
Ms. Kristen L. DiSanto, Sr. EVP, Chief HR Officer & Corp. Sec. (Age 51)
Mr. Ostrowski C. Scott, Sr. VP & Chief Audit Exec. of The Washington Trust Company
Mr. Joseph M. Confessore, Sr. VP of Wealth Management & Commercial Banking
Mr. Steven Veronesi, VP & Connecticut Area Mang. of Washington Trust Mortgage

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.

Who are some of Washington Trust Bancorp's key competitors?

Some companies that are related to Washington Trust Bancorp include The PNC Financial Services Group (PNC), Truist Financial (TFC), First Republic Bank (FRC), SVB Financial Group (SIVB), Fifth Third Bancorp (FITB), KeyCorp (KEY), Regions Financial (RF), M&T Bank (MTB), Huntington Bancshares (HBAN), Signature Bank (SBNY), East West Bancorp (EWBC), Western Alliance Bancorporation (WAL), First Horizon (FHN), Zions Bancorporation, National Association (ZION) and Commerce Bancshares (CBSH).
View all of WASH's 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).

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 institutional and retail investors. Top institutional shareholders include BlackRock Inc. (9.56%), Franklin Resources Inc. (6.20%), Champlain Investment Partners LLC (4.31%), Dimensional Fund Advisors LP (4.03%), WASHINGTON TRUST Co (4.00%) and Principal Financial Group Inc. (3.53%). Company insiders that own Washington Trust Bancorp stock include Edwin J Santos, Katherine W Hoxsie and William K Sr Wray.
View institutional ownership trends for Washington Trust Bancorp.

Which major investors are selling Washington Trust Bancorp stock?

WASH stock was sold by a variety of institutional investors in the last quarter, including Principal Financial Group Inc., Russell Investments Group Ltd., Renaissance Technologies LLC, Dimensional Fund Advisors LP, JPMorgan Chase & Co., Northern Trust Corp, Lehman & Derafelo Financial Resources LLC, and Acadian Asset Management LLC. Company insiders that have sold Washington Trust Bancorp company stock in the last year include Edwin J Santos, and William K Sr Wray.
View insider buying and selling activity for Washington Trust Bancorp or view top insider-selling stocks.

Which major investors are buying Washington Trust Bancorp stock?

WASH stock was purchased by a variety of institutional investors in the last quarter, including Haverford Trust Co., BlackRock Inc., Victory Capital Management Inc., Franklin Resources Inc., Geode Capital Management LLC, Grantham Mayo Van Otterloo & Co. LLC, Barclays PLC, and Champlain Investment Partners LLC.
View insider buying and selling activity for Washington Trust Bancorp or or view top insider-buying stocks.

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 $53.39.

How much money does Washington Trust Bancorp make?

Washington Trust Bancorp has a market capitalization of $924.23 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.

How many employees does Washington Trust Bancorp have?

Washington Trust Bancorp employs 609 workers across the globe.

What is Washington Trust Bancorp's official website?

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

Where are Washington Trust Bancorp's headquarters?

Washington Trust Bancorp is headquartered at 23 BROAD STREET, WESTERLY RI, 02891.

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 5/16/2021 by MarketBeat.com Staff

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