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NASDAQ:WASHWashington Trust Bancorp Stock Price, Forecast & News

$33.40
+0.32 (+0.97 %)
(As of 06/5/2020 04:00 PM ET)
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Compare
Today's Range
$32.58
Now: $33.40
$33.63
50-Day Range
$27.99
MA: $31.82
$35.87
52-Week Range
$25.86
Now: $33.40
$54.96
Volume95,100 shs
Average Volume75,739 shs
Market Capitalization$576.42 million
P/E Ratio9.18
Dividend Yield6.11%
Beta0.59
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, 2018, 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.
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Washington Trust Bancorp logo

Beat the Market (BTM) Rank

Analyst Opinion: 3.3Community Rank: 2.0Dividend Strength: 4.2Insider Behavior: 1.0Valuation: 1.9 5 -4 -3 -2 -1 -

Overall Beat the Market Rank

2.46 out of 5 stars


Industry, Sector and Symbol

Industry State commercial banks
Sub-IndustryRegional Banks
SectorFinance
Current SymbolNASDAQ:WASH
CUSIP94061010
Phone401-348-1200

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$264.74 million
Cash Flow$4.52 per share
Book Value$29.01 per share

Profitability

Net Income$69.12 million

Miscellaneous

Employees601
Market Cap$576.42 million
Next Earnings Date7/27/2020 (Estimated)
OptionableOptionable

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Washington Trust Bancorp (NASDAQ:WASH) Frequently Asked Questions

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

Washington Trust Bancorp's stock was trading at $35.75 on March 11th, 2020 when Coronavirus (COVID-19) reached pandemic status according to the World Health Organization. Since then, WASH stock has decreased by 6.6% and is now trading at $33.40. View which stocks have been most impacted by Coronavirus.

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.

When is Washington Trust Bancorp's next earnings date?

Washington Trust Bancorp is scheduled to release its next quarterly earnings announcement on Monday, July 27th 2020. View our earnings forecast for Washington Trust Bancorp.

How were Washington Trust Bancorp's earnings last quarter?

Washington Trust Bancorp (NASDAQ:WASH) issued its earnings results on Monday, April, 27th. The financial services provider reported $0.68 earnings per share (EPS) for the quarter, missing the Thomson Reuters' consensus estimate of $0.70 by $0.02. The financial services provider had revenue of $52.53 million for the quarter, compared to the consensus estimate of $48.13 million. Washington Trust Bancorp had a return on equity of 12.72% and a net margin of 23.81%. 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 announced a quarterly dividend on Friday, March 20th. Investors of record on Wednesday, April 1st will be given a dividend of $0.51 per share on Thursday, April 9th. This represents a $2.04 annualized dividend and a dividend yield of 6.11%. The ex-dividend date is Tuesday, March 31st. View Washington Trust Bancorp's dividend history.

What price target have analysts set for WASH?

2 brokerages have issued 1-year price targets for Washington Trust Bancorp's shares. Their forecasts range from $40.00 to $55.00. On average, they anticipate Washington Trust Bancorp's stock price to reach $47.50 in the next year. This suggests a possible upside of 42.2% from the stock's current price. View analysts' price targets for Washington Trust Bancorp.

Has Washington Trust Bancorp been receiving favorable news coverage?

News coverage about WASH stock has been trending positive this week, according to InfoTrie. InfoTrie ranks the sentiment of press coverage by reviewing more than six thousand news and blog sources in real time. The firm ranks coverage of publicly-traded companies on a scale of -5 to 5, with scores nearest to five being the most favorable. Washington Trust Bancorp earned a media sentiment score of 3.0 on InfoTrie's scale. They also assigned media stories about the financial services provider a news buzz of 0.0 out of 10, meaning that recent press coverage is extremely unlikely to have an effect on the stock's share price in the near term. View the latest news aboutWashington Trust Bancorp.

Are investors shorting Washington Trust Bancorp?

Washington Trust Bancorp saw a decline in short interest in May. As of May 15th, there was short interest totaling 160,200 shares, a decline of 36.3% from the April 30th total of 251,300 shares. Based on an average trading volume of 78,200 shares, the short-interest ratio is currently 2.0 days. Approximately 1.1% of the company's stock are short sold. View Washington Trust Bancorp's Current Options Chain.

Who are some of Washington Trust Bancorp's key 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 Walt Disney (DIS), Mcdonald's (MCD), Q BioMed (QBIO), Alibaba Group (BABA), Intelsat (I), Omega Healthcare Investors (OHI), Bank of America (BAC), Standex Int'l (SXI), Bank of Montreal (BMO) and Apollo Global Management (APO).

Who are Washington Trust Bancorp's key executives?

Washington Trust Bancorp's management team includes the following people:
  • Mr. Edward O. Handy III, Chairman & CEO (Age 57)
  • Mr. Mark K. W. Gim, Pres & COO (Age 53)
  • Mr. Ronald S. Ohsberg CPA, Sr. EVP, CFO & Treasurer (Age 54)
  • Mr. James M. Hagerty CPA, Exec. VP & Chief Lending Officer of Washington Trust Company of Westerly (Age 61)
  • Ms. Kathleen A. Ryan Esq., Exec. VP & Chief Wealth Management Officer of Washington Trust Company of Westerly (Age 53)

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 a number of institutional and retail investors. Top institutional investors include Bank of New York Mellon Corp (10.76%), BlackRock Inc. (6.90%), Principal Financial Group Inc. (5.87%), Champlain Investment Partners LLC (4.99%), WASHINGTON TRUST Co (4.69%) and Franklin Resources Inc. (4.68%). Company insiders that own Washington Trust Bancorp stock include Edwin J Santos, H Douglas Randall III, James M Hagerty, John F Treanor, John T Ruggieri, Katherine W Hoxsie and Mary E Noons. 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 Bank of New York Mellon Corp, Principal Financial Group Inc., Systematic Financial Management LP, The Manufacturers Life Insurance Company , Morgan Stanley, UBS Group AG, Spark Investment Management LLC, and Parametric Portfolio Associates LLC. View insider buying and selling activity 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 Drexel Morgan & Co., JPMorgan Chase & Co., BlackRock Inc., Franklin Resources Inc., Geode Capital Management LLC, DE Burlo Group Inc., GSA Capital Partners LLP, and Advisor Group Holdings Inc.. 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 $33.40.

How big of a company is Washington Trust Bancorp?

Washington Trust Bancorp has a market capitalization of $576.42 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 601 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 6/5/2020 by MarketBeat.com Staff

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