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NASDAQ:WASH

Washington Trust Bancorp - WASH Stock Forecast, Price & News

$35.61
-0.04 (-0.11%)
(As of 03/29/2023 12:00 AM ET)
Add
Compare
Today's Range
$35.06
$35.93
50-Day Range
$34.76
$47.57
52-Week Range
$33.70
$55.93
Volume
79,986 shs
Average Volume
119,431 shs
Market Capitalization
$605.01 million
P/E Ratio
8.66
Dividend Yield
6.29%
Price Target
$51.00

Washington Trust Bancorp MarketRank™ Forecast

Analyst Rating
Hold
2.00 Rating Score
Upside/​Downside
43.2% Upside
$51.00 Price Target
Short Interest
Bearish
4.41% of Float Sold Short
Dividend Strength
Strong
Based on Four Factors
Sustainability
N/A
News Sentiment
0.31mentions of Washington Trust Bancorp in the last 14 days
Based on 14 Articles This Week
Insider Trading
Acquiring Shares
$55,012 Bought Last Quarter
Proj. Earnings Growth
7.08%
From $3.67 to $3.93 Per Share

Overall MarketRank

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

2.97 out of 5 stars

Finance Sector

147th out of 892 stocks

State Commercial Banks Industry

43rd out of 188 stocks


WASH stock logo

About Washington Trust Bancorp (NASDAQ:WASH) Stock

Washington Trust Bancorp, Inc. operates as a bank holding company. The firm engages in the provision of financial services, including business banking, personal banking and wealth management and trust services. It operates through the following segments: Commercial Banking and Wealth Management Services. The Commercial Banking segment includes commercial, residential and consumer lending activities, mortgage banking activities, deposit generation, cash management activities and direct banking activities, which include the operation of ATMs, telephone and internet banking services and customer support and sales. The Wealth Management Services segment includes investment management, financial planning, personal trust and estate services, including services as trustee, personal representative, custodian and guardian and institutional trust services are also provided, including fiduciary services. The company was founded in 1984 and is headquartered in Westerly, RI.

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WASH Stock News Headlines

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Modern Day Options Trading For Beginners!
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What the FDIC does when a bank fails
See More Headlines
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WASH Company Calendar

Last Earnings
10/24/2021
Ex-Dividend for 1/6 Dividend
12/30/2022
Dividend Payable
1/06/2023
Today
3/29/2023
Ex-Dividend for 4/13 Dividend
3/31/2023
Dividend Payable
4/13/2023
Next Earnings (Estimated)
4/24/2023
Fiscal Year End
12/31/2023

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

Price Target and Rating

Average Stock Price Forecast
$51.00
High Stock Price Forecast
$53.00
Low Stock Price Forecast
$49.00
Forecasted Upside/Downside
+43.2%
Consensus Rating
Hold
Rating Score (0-4)
2.00
Research Coverage
2 Analysts

Profitability

Net Income
$71.68 million
Pretax Margin
35.47%

Debt

Sales & Book Value

Annual Sales
$257.07 million
Cash Flow
$4.52 per share
Book Value
$26.41 per share

Miscellaneous

Free Float
16,744,000
Market Cap
$605.01 million
Optionable
Optionable
Beta
0.73

Social Links


Key Executives

  • Ned Handy
    Chairman & Chief Executive Officer
  • Mark K. W. Gim
    President, Chief Operating Officer & Director
  • Ronald S. Ohsberg
    Chief Financial Officer, Treasurer & Senior EVP
  • Dennis L. Algiere
    Chief Compliance Officer & Executive VP
  • Kristen L. DiSanto
    Secretary, Chief Human Resources Officer & SEVP













WASH Stock - Frequently Asked Questions

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

2 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Washington Trust Bancorp in the last twelve months. There are currently 2 hold ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "hold" WASH shares. 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 WASH analyst ratings
or view top-rated stocks.

What is Washington Trust Bancorp's stock price forecast for 2023?

2 brokers have issued 1 year price targets for Washington Trust Bancorp's shares. Their WASH share price forecasts range from $49.00 to $53.00. On average, they expect the company's share price to reach $51.00 in the next twelve months. This suggests a possible upside of 43.2% from the stock's current price.
View analysts price targets for WASH
or view top-rated stocks among Wall Street analysts.

How have WASH shares performed in 2023?

Washington Trust Bancorp's stock was trading at $47.18 at the beginning of 2023. Since then, WASH shares have decreased by 24.5% and is now trading at $35.61.
View the best growth stocks for 2023 here
.

When is Washington Trust Bancorp's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Monday, April 24th 2023.
View our WASH earnings forecast
.

How were Washington Trust Bancorp's earnings last quarter?

Washington Trust Bancorp, Inc. (NASDAQ:WASH) released its earnings results on Sunday, October, 24th. The financial services provider reported $1.07 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.97 by $0.10. The financial services provider had revenue of $56.59 million for the quarter, compared to the consensus estimate of $54.40 million. Washington Trust Bancorp had a net margin of 27.85% and a trailing twelve-month return on equity of 15.27%. During the same quarter last year, the firm posted $1.06 earnings per share.

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, March 16th. Stockholders of record on Monday, April 3rd will be given a dividend of $0.56 per share on Thursday, April 13th. This represents a $2.24 annualized dividend and a dividend yield of 6.29%. The ex-dividend date of this dividend is Friday, March 31st.
Read our dividend analysis for WASH
.

Is Washington Trust Bancorp a good dividend stock?

Washington Trust Bancorp (NASDAQ:WASH) pays an annual dividend of $2.24 per share and currently has a dividend yield of 6.21%. WASH has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. The company 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 is 54.50%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, WASH will have a dividend payout ratio of 57.00% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for WASH.

What is Edward O. Handy III's approval rating as Washington Trust Bancorp's CEO?

2 employees have rated Washington Trust Bancorp Chief Executive Officer Edward O. Handy III on Glassdoor.com. Edward O. Handy III has an approval rating of 100% among the company'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."

Who are Washington Trust Bancorp's major shareholders?

Washington Trust Bancorp's stock is owned by many different retail and institutional investors. Top institutional investors include Franklin Resources Inc. (5.48%), Dimensional Fund Advisors LP (4.75%), WASHINGTON TRUST Co (4.03%), Principal Financial Group Inc. (2.16%), Boston Trust Walden Corp (1.95%) and JPMorgan Chase & Co. (1.85%). Insiders that own company stock include Constance A Howes, Dennis L Algiere, Edwin J Santos, James M Hagerty, Joseph J Marcaurele, Joseph J Marcaurele, Kristen L Disanto and William K Sr Wray.
View institutional ownership trends
.

How do I buy shares of Washington Trust Bancorp?

Shares of WASH stock 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 $35.61.

How much money does Washington Trust Bancorp make?

Washington Trust Bancorp (NASDAQ:WASH) has a market capitalization of $605.01 million and generates $257.07 million in revenue each year. The financial services provider earns $71.68 million in net income (profit) each year or $4.11 on an earnings per share basis.

How many employees does Washington Trust Bancorp have?

The company employs 623 workers across the globe.

How can I contact Washington Trust Bancorp?

Washington Trust Bancorp's mailing address is 23 BROAD STREET, WESTERLY RI, 02891. The official website for the company 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 3/29/2023 by MarketBeat.com Staff