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S&P 500   5,254.35
DOW   39,807.37
QQQ   444.01
Stock market today: Wall Street rises to more records to close out its latest winning month
Delta Airline’s Put Option Activity Isn’t Bad News
Disney Stock Catches 3 Upgrades In a Single Week
3 Value Stocks Too Small For Buffett’s Portfolio
7 Stocks That Will Drive the Weight Loss Drugs Market
Walgreens Boots Alliance: Deep Value With Nowhere to Go But Up
Krispy Kreme's Sweet Deal: McDonald's Partnership Sparks Growth?
S&P 500   5,254.35
DOW   39,807.37
QQQ   444.01
Stock market today: Wall Street rises to more records to close out its latest winning month
Delta Airline’s Put Option Activity Isn’t Bad News
Disney Stock Catches 3 Upgrades In a Single Week
3 Value Stocks Too Small For Buffett’s Portfolio
7 Stocks That Will Drive the Weight Loss Drugs Market
Walgreens Boots Alliance: Deep Value With Nowhere to Go But Up
Krispy Kreme's Sweet Deal: McDonald's Partnership Sparks Growth?
S&P 500   5,254.35
DOW   39,807.37
QQQ   444.01
Stock market today: Wall Street rises to more records to close out its latest winning month
Delta Airline’s Put Option Activity Isn’t Bad News
Disney Stock Catches 3 Upgrades In a Single Week
3 Value Stocks Too Small For Buffett’s Portfolio
7 Stocks That Will Drive the Weight Loss Drugs Market
Walgreens Boots Alliance: Deep Value With Nowhere to Go But Up
Krispy Kreme's Sweet Deal: McDonald's Partnership Sparks Growth?
NASDAQ:WASH

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

$26.88
-0.59 (-2.15%)
(As of 03/28/2024 ET)
Today's Range
$26.73
$27.09
50-Day Range
$24.53
$30.78
52-Week Range
$21.69
$35.93
Volume
118,681 shs
Average Volume
88,659 shs
Market Capitalization
$457.77 million
P/E Ratio
9.57
Dividend Yield
8.33%
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
0.71mentions of Washington Trust Bancorp in the last 14 days
Based on 6 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.

3.65 out of 5 stars

Finance Sector

363rd out of 847 stocks

State Commercial Banks Industry

79th out of 178 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

A lot of people are making this costly mistake
You may have heard the saying “options are risky” … And, they can be. But only if you use them the way a lot of folks do. A lot of people think of BUYING speculative options when they talk about options. And BUYING low probability, speculative options is definitely risky… It’s how some folks leverage large sums of money hoping that a stock moves in the “right” direction over a certain period of time.
Buy Friday, Sell Monday, No Exceptions
Every week traders grind it out Monday through Friday… But neglect trading Friday to Monday… Or… “over the weekend” As one professional trader explains, trading over the weekend is one of the most forgiving strategies you can use today. It allows him to sidestep a lot of the midweek volatility. Yet, gives him the opportunity to target some of the markets biggest stock moves. Just recently, he posted a trade on Nordstrom… The trade was published at 3pm on a Friday afternoon and by Monday morning the trade more than doubled.
Washington Trust CEO sees 2023 compensation drop
Portland Government & Regulations News
God's Man in Washington
See More Headlines
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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
3/28/2024
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
$3.26 per share
Book Value
$27.75 per share

Miscellaneous

Free Float
16,745,000
Market Cap
$457.77 million
Optionable
Optionable
Beta
0.80

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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 on January 1st, 2024. Since then, WASH stock has decreased by 17.0% and is now trading at $26.88.
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) released its quarterly earnings results on Wednesday, January, 24th. The financial services provider reported $0.76 EPS for the quarter, beating analysts' consensus estimates of $0.54 by $0.22. The financial services provider had revenue of $45.96 million for the quarter, compared to analyst estimates of $47.38 million. Washington Trust Bancorp had a trailing twelve-month return on equity of 10.53% and a net margin of 13.19%.

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 Thursday, March 21st. Stockholders 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 annualized dividend and a dividend yield of 8.33%. The ex-dividend date 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 many different institutional and retail 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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