Washington Trust Bancorp, Inc. operates as the bank holding company for The Washington Trust Company, of Westerly that offers various financial products and 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; 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, ATM, telephone and 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, and mutual funds clients. The company also operates as a licensed broker-dealer that offers variable annuities, college savings plans, and mutual funds. As of December 31, 2017, it had 10 branch offices located in southern Rhode Island; 11 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.
Industry, Sector and Symbol
Stock Exchange NASDAQ
Industry State commercial banks
Sub-IndustryRegional Banks
SectorFinance
Current SymbolNASDAQ:WASH
Previous Symbol
CUSIP94061010
Phone401-348-1200
Debt
Debt-to-Equity Ratio1.99
Current Ratio1.06
Quick Ratio1.06
Price-To-Earnings
Trailing P/E Ratio13.71
Forward P/E RatioN/A
P/E GrowthN/A
Sales & Book Value
Annual Sales$214.40 million
Price / Sales4.17
Cash Flow$3.4949 per share
Price / Cash14.79
Book Value$24.74 per share
Price / Book2.09
Profitability
EPS (Most Recent Fiscal Year)N/A
Net Income$45.92 million
Net Margins25.69%
Return on Equity15.64%
Return on Assets1.41%
Miscellaneous
Employees600
Outstanding Shares17,300,000
Market Cap$893.98 million
OptionableOptionable
Washington Trust Bancorp (NASDAQ:WASH) Frequently Asked Questions
What is Washington Trust Bancorp's stock symbol?
Washington Trust Bancorp trades on the NASDAQ under the ticker symbol "WASH."
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 21st. Investors of record on Monday, October 1st will be given a dividend of $0.43 per share on Friday, October 12th. This represents a $1.72 annualized dividend and a yield of 3.33%. The ex-dividend date is Friday, September 28th. View Washington Trust Bancorp's Dividend History.
How were Washington Trust Bancorp's earnings last quarter?
Washington Trust Bancorp (NASDAQ:WASH) issued its quarterly earnings data on Monday, October, 22nd. The financial services provider reported $1.01 earnings per share (EPS) for the quarter, topping the Zacks' consensus estimate of $0.98 by $0.03. The financial services provider earned $48.66 million during the quarter. Washington Trust Bancorp had a net margin of 25.69% and a return on equity of 15.64%. View Washington Trust Bancorp's Earnings History.
When is Washington Trust Bancorp's next earnings date?
What price target have analysts set for WASH?
2 brokerages have issued 12 month price objectives for Washington Trust Bancorp's shares. Their predictions range from $63.00 to $63.00. On average, they anticipate Washington Trust Bancorp's stock price to reach $63.00 in the next twelve months. This suggests a possible upside of 21.9% from the stock's current price. View Analyst Price Targets for Washington Trust Bancorp.
What is the consensus analysts' recommendation for 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 2 buy ratings for the stock, resulting in a consensus recommendation of "Buy." View Analyst Ratings for Washington Trust Bancorp.
Has Washington Trust Bancorp been receiving favorable news coverage?
News headlines about WASH stock have trended very positive on Monday, according to InfoTrie Sentiment Analysis. InfoTrie rates the sentiment of news coverage by reviewing more than six thousand blog and news sources in real-time. The firm ranks coverage of public companies on a scale of negative five to five, with scores closest to five being the most favorable. Washington Trust Bancorp earned a coverage optimism score of 3.2 on InfoTrie's scale. They also assigned media headlines about the financial services provider a news buzz of 10.0 out of 10, indicating that recent news coverage is extremely likely to have an effect on the stock's share price in the near term.
Who are some of Washington Trust Bancorp's key competitors?
Some companies that are related to Washington Trust Bancorp include First Hawaiian (FHB), Home Bancshares (HOMB), Bank Ozk (OZK), Chemical Financial (CHFC), Bank of Hawaii (BOH), Cathay General Bancorp (CATY), Texas Capital Bancshares (TCBI), Columbia Banking System (COLB), Bancorpsouth Bank (BXS), International Bancshares (IBOC), First Interstate Bancsystem (FIBK), CVB Financial (CVBF), South State (SSB), Union Bankshares (UBSH) and Independent Bank (INDB).
Who are Washington Trust Bancorp's key executives?
Washington Trust Bancorp's management team includes the folowing people:
- Mr. Edward O. Handy III, Chairman & CEO (Age 56)
- Mr. Mark K. W. Gim, Pres & COO (Age 52)
- Mr. James M. Hagerty CPA, Exec. VP & Chief Lending Officer of Washington Trust Company of Westerly (Age 60)
- Mr. Ronald S. Ohsberg CPA, Sr. EVP, CFO & Treasurer (Age 54)
- Ms. Elizabeth B. Eckel, SVP of Marketing, Head of Investor & Media Relations (Age 58)
Who are Washington Trust Bancorp's major shareholders?
Washington Trust Bancorp's stock is owned by many different of retail and institutional investors. Top institutional investors include BlackRock Inc. (6.47%), WASHINGTON TRUST Co (4.91%), Dimensional Fund Advisors LP (4.19%), The Manufacturers Life Insurance Company (3.74%), Renaissance Technologies LLC (2.80%) and JPMorgan Chase & Co. (1.64%). Company insiders that own Washington Trust Bancorp stock include Constance A Howes, Dennis L Algiere, Edwin J Santos, H Douglas Randall III, James M Hagerty, John F Treanor, Joseph J Marcaurele, Katherine W Hoxsie, Kristen L Disanto, Mark K W Gim, Mary E Noons, Steven J Crandall and Victor J Orsinger II. 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 Victory Capital Management Inc., WASHINGTON TRUST Co, BTIM Corp., Citadel Advisors LLC, Credit Suisse AG, PNC Financial Services Group Inc., Foundry Partners LLC and TIAA CREF Investment Management LLC. Company insiders that have sold Washington Trust Bancorp company stock in the last year include Dennis L Algiere, Edwin J Santos, H Douglas Randall III, James M Hagerty, John F Treanor, Katherine W Hoxsie, Kristen L Disanto, Mary E Noons and Victor J Orsinger II. View Insider Buying and Selling for Washington Trust Bancorp.
Which institutional investors are buying Washington Trust Bancorp stock?
WASH stock was acquired by a variety of institutional investors in the last quarter, including Renaissance Technologies LLC, Resources Management Corp CT ADV, JPMorgan Chase & Co., JPMorgan Chase & Co., BlackRock Inc., GSA Capital Partners LLP, Columbia Asset Management and Prudential Financial Inc.. Company insiders that have bought Washington Trust Bancorp stock in the last two years include Constance A Howes and Steven J Crandall. View Insider Buying and Selling 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, Scottrade, Fidelity and Charles Schwab.
What is Washington Trust Bancorp's stock price today?
One share of WASH stock can currently be purchased for approximately $51.69.
How big of a company is Washington Trust Bancorp?
Washington Trust Bancorp has a market capitalization of $893.98 million and generates $214.40 million in revenue each year. Washington Trust Bancorp employs 600 workers across the globe.
What is Washington Trust Bancorp's official website?
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]
MarketBeat Community Rating for Washington Trust Bancorp (NASDAQ WASH)
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.
