Washington Trust Bancorp (WASH) to Release Earnings on Monday

Washington Trust Bancorp (NASDAQ:WASH) is expected to issue its Q2 2025 quarterly earnings data after the market closes on Monday, July 21st. Analysts expect Washington Trust Bancorp to post earnings of $0.62 per share and revenue of $54.07 million for the quarter.

Washington Trust Bancorp (NASDAQ:WASH) last announced its quarterly earnings results on Monday, April 21st. The financial services provider reported $0.61 EPS for the quarter, missing the consensus estimate of $0.62 by ($0.01). Washington Trust Bancorp had a negative net margin of 6.60% and a positive return on equity of 8.82%. The company had revenue of $59.07 million for the quarter, compared to analyst estimates of $53.16 million. On average, analysts expect Washington Trust Bancorp to post $3 EPS for the current fiscal year and $3 EPS for the next fiscal year.

Washington Trust Bancorp Trading Down 0.0%

NASDAQ:WASH opened at $29.08 on Friday. The company’s 50 day moving average is $28.39 and its 200-day moving average is $29.65. The company has a quick ratio of 1.03, a current ratio of 1.03 and a debt-to-equity ratio of 1.67. Washington Trust Bancorp has a 12 month low of $24.95 and a 12 month high of $40.59. The firm has a market cap of $560.95 million, a price-to-earnings ratio of -18.64, a P/E/G ratio of 1.01 and a beta of 0.90.

Washington Trust Bancorp Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, July 11th. Investors of record on Tuesday, July 1st were issued a $0.56 dividend. The ex-dividend date was Tuesday, July 1st. This represents a $2.24 annualized dividend and a yield of 7.70%. Washington Trust Bancorp’s dividend payout ratio (DPR) is presently -143.59%.

Analyst Upgrades and Downgrades

Several equities research analysts have recently issued reports on WASH shares. Bank of America started coverage on Washington Trust Bancorp in a research report on Wednesday, May 28th. They issued a “neutral” rating and a $28.00 price target on the stock. Keefe, Bruyette & Woods lowered their target price on Washington Trust Bancorp from $34.00 to $31.00 and set a “market perform” rating on the stock in a report on Tuesday, April 22nd. Four investment analysts have rated the stock with a hold rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, Washington Trust Bancorp presently has a consensus rating of “Hold” and a consensus price target of $31.00.

Institutional Inflows and Outflows

A hedge fund recently raised its stake in Washington Trust Bancorp stock. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its position in Washington Trust Bancorp, Inc. (NASDAQ:WASH) by 17.7% in the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 11,351 shares of the financial services provider’s stock after acquiring an additional 1,708 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. owned about 0.06% of Washington Trust Bancorp worth $350,000 as of its most recent SEC filing. 65.81% of the stock is currently owned by hedge funds and other institutional investors.

About Washington Trust Bancorp

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.