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Stock market today: World shares are mostly higher after S&P 500 sets another record
Mid-Cap Stocks to Outperform the Market This Cycle
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Low VIX? 3 High Beta Stocks To Boost Your Returns
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A UK financial trader dubbed the ringleader of an interest rate manipulation scandal loses an appeal
S&P 500   5,248.49
DOW   39,760.08
QQQ   444.83
Stock market today: World shares are mostly higher after S&P 500 sets another record
Mid-Cap Stocks to Outperform the Market This Cycle
Is DraftKings A Good Bet Ahead of Q1 Earnings?
Low VIX? 3 High Beta Stocks To Boost Your Returns
Best Bear Market Funds: Top 3 Investment Options to Consider
How and When to Roll Your Options Positions?
A UK financial trader dubbed the ringleader of an interest rate manipulation scandal loses an appeal
S&P 500   5,248.49
DOW   39,760.08
QQQ   444.83
Stock market today: World shares are mostly higher after S&P 500 sets another record
Mid-Cap Stocks to Outperform the Market This Cycle
Is DraftKings A Good Bet Ahead of Q1 Earnings?
Low VIX? 3 High Beta Stocks To Boost Your Returns
Best Bear Market Funds: Top 3 Investment Options to Consider
How and When to Roll Your Options Positions?
A UK financial trader dubbed the ringleader of an interest rate manipulation scandal loses an appeal
S&P 500   5,248.49
DOW   39,760.08
QQQ   444.83
Stock market today: World shares are mostly higher after S&P 500 sets another record
Mid-Cap Stocks to Outperform the Market This Cycle
Is DraftKings A Good Bet Ahead of Q1 Earnings?
Low VIX? 3 High Beta Stocks To Boost Your Returns
Best Bear Market Funds: Top 3 Investment Options to Consider
How and When to Roll Your Options Positions?
A UK financial trader dubbed the ringleader of an interest rate manipulation scandal loses an appeal
NASDAQ:WASH

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

$27.47
+1.15 (+4.37%)
(As of 03/27/2024 ET)
Today's Range
$26.32
$27.47
50-Day Range
$24.53
$30.78
52-Week Range
$21.69
$36.67
Volume
89,139 shs
Average Volume
95,176 shs
Market Capitalization
$467.81 million
P/E Ratio
9.78
Dividend Yield
8.15%
Price Target
N/A

Washington Trust Bancorp MarketRank™ Stock Analysis

Analyst Rating
N/A
Upside/​Downside
N/A
Short Interest
Bearish
3.33% of Float Sold Short
Dividend Strength
Weak
Based on Four Factors
Sustainability
N/A
News Sentiment
0.78mentions of Washington Trust Bancorp in the last 14 days
Based on 5 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.

3.66 out of 5 stars

Finance Sector

363rd out of 848 stocks

State Commercial Banks Industry

80th out of 181 stocks

WASH stock logo

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

WASH Stock News Headlines

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Washington Trust CEO sees 2023 compensation drop
Portland Government & Regulations News
God's Man in Washington
TD Bank Home Equity Review 2024
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Company Calendar

Ex-Dividend for 1/12 Dividend
12/29/2023
Dividend Payable
1/12/2024
Last Earnings
1/24/2024
Today
3/27/2024
Ex-Dividend for 4/12 Dividend
3/28/2024
Dividend Payable
4/12/2024
Next Earnings (Estimated)
4/22/2024
Fiscal Year End
12/31/2024

Industry, Sector and Symbol

Sector
Finance
Industry
State commercial banks
Sub-Industry
Regional Banks
Current Symbol
NASDAQ:WASH
CUSIP
94061010
Employees
665
Year Founded
1800

Profitability

Net Income
$48.18 million
Pretax Margin
15.48%

Debt

Sales & Book Value

Annual Sales
$364.80 million
Cash Flow
$3.31 per share
Book Value
$27.75 per share

Miscellaneous

Free Float
16,745,000
Market Cap
$467.81 million
Optionable
Optionable
Beta
0.80

Social Links

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Key Executives

  • Mr. Edward Otis Handy III (Age 62)
    Chairman & CEO
    Comp: $1.3M
  • Ms. Mary E. Noons (Age 62)
    President & COO
    Comp: $458.64k
  • 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

WASH Stock Analysis - 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 1 sell rating and 1 hold rating for the stock. The consensus among Wall Street equities 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 beginning of 2024. Since then, WASH shares have decreased by 15.2% and is now trading at $27.47.
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 were Washington Trust Bancorp's earnings last quarter?

Washington Trust Bancorp, Inc. (NASDAQ:WASH) posted its earnings results on Wednesday, January, 24th. The financial services provider reported $0.76 earnings per share (EPS) 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 analyst estimates 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. Shareholders of record on Monday, April 1st will be paid a dividend of $0.56 per share on Friday, April 12th. This represents a $2.24 dividend on an annualized basis and a yield of 8.15%. 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 8.51%. 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 ETF holds Washington Trust Bancorp's stock?

ProShares Russell 2000 Dividend Growers ETF holds 279,802 shares of WASH stock, representing 1.04% of its portfolio.

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 variety of retail and institutional investors. Top institutional shareholders include Vanguard Group Inc. (5.67%), Vanguard Group Inc. (5.67%), Dimensional Fund Advisors LP (4.55%), WASHINGTON TRUST Co (3.60%), Hotchkis & Wiley Capital Management LLC (1.69%) and Charles Schwab Investment Management Inc. (1.38%). 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 3/28/2024 by MarketBeat.com Staff

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