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

2 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Washington Trust Bancorp in the last twelve months. There are currently 1 sell rating and 1 hold rating for the stock. The consensus among Wall Street research analysts is that investors should "reduce" WASH shares. View WASH analyst ratings or view top-rated stocks .

How have WASH shares performed in 2024?

Washington Trust Bancorp's stock was trading at $32.38 at the start of the year. Since then, WASH stock has decreased by 23.9% and is now trading at $24.64. View the best growth stocks for 2024 here .

When is Washington Trust Bancorp's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Monday, April 22nd 2024. View our WASH earnings forecast .

How can I listen to Washington Trust Bancorp's earnings call?

Washington Trust Bancorp will be holding an earnings conference call on Monday, April 22nd at 10:00 AM Eastern. Interested parties can register for or listen to the call using this link or dial in at 866-813-9403 with passcode "539231".

How were Washington Trust Bancorp's earnings last quarter?

Washington Trust Bancorp, Inc. (NASDAQ:WASH) announced its quarterly earnings results on Wednesday, January, 24th. The financial services provider reported $0.76 earnings per share for the quarter, beating analysts' consensus estimates of $0.54 by $0.22. The financial services provider earned $45.96 million during the quarter, compared to the consensus estimate of $47.38 million. Washington Trust Bancorp had a net margin of 13.19% and a trailing twelve-month return on equity of 10.53%.

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 21st. Investors of record on Monday, April 1st will be given a dividend of $0.56 per share on Friday, April 12th. This represents a $2.24 dividend on an annualized basis and a dividend yield of 9.09%. The ex-dividend date of this dividend is Thursday, March 28th. 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 9.22%. WASH has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. The dividend payout ratio is 79.72%. Payout ratios above 75% are not desirable because they may not be sustainable. Based on EPS estimates, WASH will have a dividend payout ratio of 89.96% in the coming year. This indicates that the company may not be able to sustain their current 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) .

Who are Washington Trust Bancorp's major shareholders?

Washington Trust Bancorp's stock is owned by a number of retail and institutional investors. Top institutional investors include New England Professional Planning Group Inc. (0.06%). 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, Mary E Noons 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 Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services. Compare Top Brokerages Here .

NASDAQ:WASH

Washington Trust Bancorp (WASH) Stock Price, News & Analysis

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Free WASH Stock Alerts

$24.64

+0.41 (+1.69%)

(As of 04/18/2024 ET)

Compare

Today's Range: $24.25
▼
$24.87
50-Day Range: $24.23
▼
$27.57
52-Week Range: $21.69
▼
$33.96

Volume: 100,525 shs
Average Volume: 89,076 shs
Market Capitalization: $419.62 million

P/E Ratio: 8.77
Dividend Yield: 9.09%
Price Target: N/A

Get Washington Trust Bancorp alerts:

Washington Trust Bancorp MarketRank™ Stock Analysis

Analyst Rating: N/A
Upside/Downside: N/A
Short Interest: Bearish
3.44% of Float Sold Short
Dividend Strength: Weak
Based on Four Factors
Sustainability: N/A
News Sentiment: 0.61
Based on 19 Articles This Week
Insider Trading: N/A
Proj. Earnings Growth: 33.16%
From $1.87 to $2.49 Per Share

Overall MarketRank^™

New Rank-Based ScoringMarketRank^™ is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.

3.23 out of 5 stars

Finance Sector

463rd out of 826 stocks

State Commercial Banks Industry

117th out of 172 stocks

N/A

Analyst's Opinion

Consensus Rating
There is not enough analysis data for Washington Trust Bancorp.

2.0

Short Interest

Percentage of Shares Shorted
3.44% of the float of Washington Trust Bancorp has been sold short.
Short Interest Ratio / Days to Cover
Washington Trust Bancorp has a short interest ratio ("days to cover") of 6.6.
Change versus previous month
Short interest in Washington Trust Bancorp has recently increased by 3.42%, indicating that investor sentiment is decreasing.

1.7

Dividend Strength

Dividend Leadership
Washington Trust Bancorp is a leading dividend payer. It pays a dividend yield of 9.22%, putting its dividend yield in the top 25% of dividend-paying stocks.
Dividend Growth
Washington Trust Bancorp does not have a long track record of dividend growth.
Dividend Coverage
The dividend payout ratio of Washington Trust Bancorp is 79.72%. Payout ratios above 75% are not desirable because they may not be sustainable.
Dividend Sustainability
Based on EPS estimates, Washington Trust Bancorp will have a dividend payout ratio of 89.96% in the coming year. This indicates that Washington Trust Bancorp may not be able to sustain their current dividend.

N/A

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score
There is no current Upright™ data available for WASH.

2.6

News and Social Media Coverage

News Sentiment
Washington Trust Bancorp has a news sentiment score of 0.61. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This news sentiment score is similar to the average news sentiment of Finance companies.
News Coverage This Week
MarketBeat has tracked 19 news articles for Washington Trust Bancorp this week, compared to 6 articles on an average week.
Search Interest
3 people have searched for WASH on MarketBeat in the last 30 days. This is an increase of 50% compared to the previous 30 days.
MarketBeat Follows
Only 2 people have added Washington Trust Bancorp to their MarketBeat watchlist in the last 30 days. This is a decrease of -60% compared to the previous 30 days.

1.7

Company Ownership

Insider Buying vs. Insider Selling
In the past three months, Washington Trust Bancorp insiders have not sold or bought any company stock.
Percentage Held by Insiders
Only 1.69% of the stock of Washington Trust Bancorp is held by insiders.
Percentage Held by Institutions
65.81% 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.

3.8

Earnings and Valuation

Earnings Growth
Earnings for Washington Trust Bancorp are expected to grow by 33.16% in the coming year, from $1.87 to $2.49 per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of Washington Trust Bancorp is 8.77, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 141.70.
Price to Earnings Ratio vs. Sector
The P/E ratio of Washington Trust Bancorp is 8.77, which means that it is trading at a less expensive P/E ratio than the Finance sector average P/E ratio of about 59.74.
Price to Book Value per Share Ratio
Washington Trust Bancorp has a P/B Ratio of 0.89. P/B Ratios below 1 indicate that a company could be undervalued with respect to its assets and liabilities.

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About Washington Trust Bancorp Stock (NASDAQ:WASH)

Washington Trust Bancorp, Inc. operates as the bank holding company for The Washington Trust Company, of Westerly that provides 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 offers deposit accounts, including interest-bearing and noninterest-bearing demand deposits, NOW and savings accounts, money market and retirement deposit accounts, and time deposits; various commercial and retail lending products, such as commercial real estate loans, including commercial mortgages, and construction and development loans; commercial and industrial loans comprising working capital, equipment financing, and financing for other business-related purposes; residential real estate loans that consist 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 provides debit cards; automated teller machines (ATMs); telephone banking, internet banking, mobile banking, remote deposit capture, and other cash management services; and investment portfolio and wholesale funding services. The Wealth Management Services segment offers 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 for personal and institutional clients. Washington Trust Bancorp, Inc. was founded in 1800 and is headquartered in Westerly, Rhode Island.

WASH Stock Price History

30 days | 90 days | 365 days | Advanced Chart

WASH Stock News Headlines

April 18, 2024 | msn.com

Germany expects double-digit billion sum in World Bank new loans commitments

April 18, 2024 | msn.com

Battle for development cash heats up at IMF/World Bank meetings

April 18, 2024 | Paradigm Press (Ad)

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April 17, 2024 | reuters.com

IMF, World Bank cite significant progress in debt restructuring cases

April 17, 2024 | 247wallst.com

3 High-Yield Dividend-Paying Stocks Bucking Today's Downward Trend

April 17, 2024 | finance.yahoo.com

Seeking Clues to Washington Trust (WASH) Q1 Earnings? A Peek Into Wall Street Projections for Key Metrics

April 17, 2024 | finance.yahoo.com

We Think Washington Trust Bancorp, Inc.'s (NASDAQ:WASH) CEO Compensation Package Needs To Be Put Under A Microscope

April 18, 2024 | Paradigm Press (Ad)

Bitcoin Rockets To Record High But Buy THIS Instead

Recently, Bitcoin smashed through its previous record high to hit $72,720. It’s made many, many people very rich. But one cryptocurrency expert and investing millionaire is declaring…

April 17, 2024 | yahoo.com

Future and Metro Boomin Announce 2024 “We Trust You Tour”

April 17, 2024 | bizjournals.com

First Fed Bank names new C-level leaders

April 16, 2024 | msn.com

Explainer: What are US sanctions on Iran? How can Washington impose more?

April 15, 2024 | msn.com

Iraqi leader calls for restraint in Middle East during Washington visit

April 15, 2024 | msn.com

US Treasury sees progress on multilateral bank reforms, but more to do

April 15, 2024 | americanbankingnews.com

Washington Trust Bancorp, Inc. (NASDAQ:WASH) Given Average Recommendation of "Reduce" by Brokerages

April 13, 2024 | reuters.com

Pakistan repays $1 bln in Eurobonds, says central bank

April 12, 2024 | msn.com

IDB, World Bank reports on emergency capital could pave way for expanded lending

April 12, 2024 | msn.com

World Bank chief pushes internal reforms at spring meetings

April 12, 2024 | prnewswire.com

Washington Trust Announces Date of First Quarter 2024 Earnings Release, Conference Call and Webcast

April 9, 2024 | msn.com

World Bank unveils new scorecard to measure accountability

April 9, 2024 | msn.com

Some of the rules that protect wealthy savers' bank deposits just changed. Here's what to know

April 8, 2024 | bizjournals.com

Washington Trust Bank names new CEO amid leadership changes

April 4, 2024 | forbes.com

Bank Boards Face More Accountability For Fintech Partnerships

April 2, 2024 | reuters.com

Gaza infrastructure damages estimated at $18.5 bln in UN-World Bank report

April 2, 2024 | msn.com

Wyoming crypto bank not backing down in fight to access Federal Reserve

March 29, 2024 | reuters.com

Ukraine gets $1.5 bln funding tranche under World Bank programme, PM says

March 28, 2024 | msn.com

Middle East crisis live: US and Israel in talks to revive Washington trip to discuss Rafah

See More Headlines

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Company Calendar

Last Earnings: 1/24/2024
Ex-Dividend for 4/12 Dividend: 3/28/2024
Dividend Payable: 4/12/2024
Today: 4/18/2024
Next Earnings (Confirmed): 4/22/2024
Fiscal Year End: 12/31/2024

Get Stock Alerts

Industry, Sector and Symbol

Stock Exchange: NASDAQ
Sector: Finance
Industry: State commercial banks
Sub-Industry: Regional Banks
Current Symbol: NASDAQ:WASH
CUSIP: 94061010
CIK: 737468
Web: www.washtrust.com
Phone: (401) 348-1200
Fax: 401-348-1262
Employees: 665
Year Founded: 1800

Profitability

EPS (Most Recent Fiscal Year): $2.81
Trailing P/E Ratio: 8.62
Forward P/E Ratio: 12.96
P/E Growth: N/A
Net Income: $48.18 million
Net Margins: 13.19%
Pretax Margin: 15.48%
Return on Equity: 10.53%
Return on Assets: 0.68%

Debt

Debt-to-Equity Ratio: 2.57
Current Ratio: 1.07
Quick Ratio: 1.07

Sales & Book Value

Annual Sales: $364.80 million
Price / Sales: 1.13
Cash Flow: $3.18 per share
Price / Cash Flow: 7.61
Book Value: $27.75 per share
Price / Book: 0.87

Miscellaneous

Outstanding Shares: 17,030,000
Free Float: 16,745,000
Market Cap: $412.64 million
Optionable: Optionable
Beta: 0.81

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Key Executives

Mr. Edward Otis Handy III (Age 62)
Chairman & CEO
Comp: $981.44k
Ms. Mary E. Noons (Age 62)
President & COO
Comp: $466.39k
Mr. Ronald Stephen Ohsberg CPA (Age 59)
Senior EVP, CFO & Treasurer
Comp: $447.35k
Ms. Maria N. Janes CPA (Age 53)
Executive VP, Chief Accounting Officer & Controller
Ms. Elizabeth Boyle Eckel (Age 64)
Executive VP and Chief Marketing & Corporate Communications Officer
Ms. Kristen L. DiSanto (Age 54)
Senior EVP, Chief Human Resources Officer & Corporate Secretary
Mr. Joseph M. Confessore
Senior Vice President of Wealth Management & Commercial Banking
Mr. Rolando A. Lora (Age 53)
Executive VP & Chief Retail Lending Officer

Key Competitors

View All Competitors

Insiders & Institutions

View All Insider Transactions
View All Institutional Transactions

WASH Stock Analysis - Frequently Asked Questions

Should I buy or sell Washington Trust Bancorp stock right now?: 2 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Washington Trust Bancorp in the last twelve months. There are currently 1 sell rating and 1 hold rating for the stock. The consensus among Wall Street research analysts is that investors should "reduce" WASH shares.
View WASH analyst ratings or view top-rated stocks.
How have WASH shares performed in 2024?: Washington Trust Bancorp's stock was trading at $32.38 at the start of the year. Since then, WASH stock has decreased by 23.9% and is now trading at $24.64.
View the best growth stocks for 2024 here.
When is Washington Trust Bancorp's next earnings date?: The company is scheduled to release its next quarterly earnings announcement on Monday, April 22nd 2024.
View our WASH earnings forecast.
How can I listen to Washington Trust Bancorp's earnings call?: Washington Trust Bancorp will be holding an earnings conference call on Monday, April 22nd at 10:00 AM Eastern. Interested parties can register for or listen to the call using this link or dial in at 866-813-9403 with passcode "539231".
How were Washington Trust Bancorp's earnings last quarter?: Washington Trust Bancorp, Inc. (NASDAQ:WASH) announced its quarterly earnings results on Wednesday, January, 24th. The financial services provider reported $0.76 earnings per share for the quarter, beating analysts' consensus estimates of $0.54 by $0.22. The financial services provider earned $45.96 million during the quarter, compared to the consensus estimate of $47.38 million. Washington Trust Bancorp had a net margin of 13.19% and a trailing twelve-month return on equity of 10.53%.
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 21st. Investors of record on Monday, April 1st will be given a dividend of $0.56 per share on Friday, April 12th. This represents a $2.24 dividend on an annualized basis and a dividend yield of 9.09%. The ex-dividend date of this dividend is Thursday, March 28th.
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 9.22%. WASH has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. The dividend payout ratio is 79.72%. Payout ratios above 75% are not desirable because they may not be sustainable. Based on EPS estimates, WASH will have a dividend payout ratio of 89.96% in the coming year. This indicates that the company may not be able to sustain their current 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).
Who are Washington Trust Bancorp's major shareholders?: Washington Trust Bancorp's stock is owned by a number of retail and institutional investors. Top institutional investors include New England Professional Planning Group Inc. (0.06%). 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, Mary E Noons 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 Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

This page (NASDAQ:WASH) was last updated on 4/18/2024 by MarketBeat.com Staff

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