Washington Trust Bancorp, Inc. (WASH)

NASDAQ: WASH · Real-Time Price · USD
36.40
-0.45 (-1.22%)
Nov 20, 2024, 4:00 PM EST - Market closed
-1.22%
Market Cap 621.16M
Revenue (ttm) 188.97M
Net Income (ttm) 45.66M
Shares Out 17.06M
EPS (ttm) 2.67
PE Ratio 13.63
Forward PE 14.84
Dividend $2.24 (6.15%)
Ex-Dividend Date Oct 1, 2024
Volume 100,107
Open 36.57
Previous Close 36.85
Day's Range 36.09 - 38.92
52-Week Range 24.11 - 40.59
Beta 0.80
Analysts Hold
Price Target 34.00 (-6.59%)
Earnings Date Oct 21, 2024

About 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, ... [Read more]

Sector Financials
Founded 1800
Employees 665
Stock Exchange NASDAQ
Ticker Symbol WASH
Full Company Profile

Financial Performance

In 2023, Washington Trust Bancorp's revenue was $190.04 million, a decrease of -13.58% compared to the previous year's $219.89 million. Earnings were $48.09 million, a decrease of -32.72%.

Financial Statements

Analyst Forecast

According to 2 analysts, the average rating for WASH stock is "Hold." The 12-month stock price forecast is $34.0, which is a decrease of -6.59% from the latest price.

Price Target
$34.0
(-6.59% downside)
Analyst Consensus: Hold
Stock Forecasts

News

Washington Trust: The New Macroeconomic Environment Could Be Favorable (Rating Upgrade)

Washington Trust Bancorp's Q3 2024 results beat EPS and revenue estimates, leading to an 8.06% stock price increase due to improved balance sheet management and deposit growth. Despite recent stock pr...

4 weeks ago - Seeking Alpha

Washington Trust Bancorp, Inc. (WASH) Q3 2024 Earnings Call Transcript

Washington Trust Bancorp, Inc. (NASDAQ:WASH) Q3 2024 Earnings Conference Call October 22, 2024 8:30 AM ET Company Participants Ned Handy - Chairman, Chief Executive Officer Mary Noons - President, Ch...

4 weeks ago - Seeking Alpha

Washington Trust Reports Third Quarter 2024 Earnings

WESTERLY, R.I. , Oct. 21, 2024 /PRNewswire/ -- Washington Trust Bancorp, Inc. (Nasdaq: WASH), parent company of The Washington Trust Company, today announced third quarter 2024 net income of $11.0 mil...

4 weeks ago - PRNewsWire

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

WESTERLY, R.I., Oct. 8, 2024 /PRNewswire/ -- Washington Trust Bancorp, Inc. (NASDAQ: WASH), the publicly-owned holding company of The Washington Trust Company, will release third quarter 2024 earnings...

6 weeks ago - PRNewsWire

Washington Trust Bancorp, Inc. Announces Quarterly Dividend

WESTERLY, R.I. , Sept. 19, 2024 /PRNewswire/ -- The Board of Directors of Washington Trust Bancorp, Inc., (NASDAQ: WASH), today declared a quarterly dividend of 56 cents per share for the quarter endi...

2 months ago - PRNewsWire

Washington Trust Bancorp: Is Its Dividend Sustainable In Case Of A Recession?

Dividend companies are valuable during market downturns, but sustainability is crucial; Washington Trust Bancorp has a 7.78% dividend yield. WASH's dividend growth has been slow due to declining net i...

3 months ago - Seeking Alpha

Washington Trust Bancorp, Inc. (WASH) Q2 2024 Earnings Call Transcript

Washington Trust Bancorp, Inc. (NASDAQ:WASH) Q2 2024 Earnings Conference Call July 23, 2024 8:30 AM ET Company Participants Elizabeth Eckel - EVP, Chief Marketing & Corporate Communications Officer N...

4 months ago - Seeking Alpha

Washington Trust Reports Second Quarter 2024 Earnings

WESTERLY, R.I. , July 22, 2024 /PRNewswire/ -- Washington Trust Bancorp, Inc. (Nasdaq: WASH), parent company of The Washington Trust Company, today announced second quarter 2024 net income of $10.8 mi...

4 months ago - PRNewsWire

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

WESTERLY, R.I. , July 9, 2024 /PRNewswire/ -- Washington Trust Bancorp, Inc. (NASDAQ: WASH), the publicly-owned holding company of The Washington Trust Company, will release second quarter 2024 earnin...

4 months ago - PRNewsWire

Washington Trust Bancorp: 8.54% Dividend Yield, Is It A Trap?

Washington Trust is struggling and has not yet recovered from the banking crisis of early 2023. The bank has a good track record of dividend issuance, but future dividend cuts cannot be ruled out. Dec...

6 months ago - Seeking Alpha

Washington Trust Bancorp, Inc. Releases 2024 Environmental, Social, and Governance Report

WESTERLY, R.I., May 15, 2024 /PRNewswire/ -- Washington Trust Bancorp, Inc., (the Corporation"), NASDAQ: WASH, has released the Corporation's 2024 Environmental, Social and Governance Report ("ESG Rep...

6 months ago - PRNewsWire

Washington Trust Bancorp, Inc. (WASH) Q1 2024 Earnings Call Transcript

Washington Trust Bancorp, Inc. (NASDAQ:WASH) Q1 2024 Earnings Call Transcript April 22, 2024 10:00 AM ET Company Participants Elizabeth B. Eckel - EVP, Chief Marketing and Corporate Communications Of...

7 months ago - Seeking Alpha

Washington Trust Reports First Quarter 2024 Earnings

WESTERLY, R.I. , April 22, 2024 /PRNewswire/ -- Washington Trust Bancorp, Inc. (Nasdaq: WASH), parent company of The Washington Trust Company, today announced first quarter 2024 net income of $10.9 mi...

7 months ago - PRNewsWire

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

WESTERLY, R.I. , April 12, 2024 /PRNewswire/ -- Washington Trust Bancorp, Inc. (NASDAQ: WASH), the publicly-owned holding company of The Washington Trust Company, will release first quarter 2024 earni...

7 months ago - PRNewsWire

Washington Trust Appoints Debra M. Paul and Angel Taveras To Board of Directors

WESTERLY, R.I. , Feb. 12, 2024 /PRNewswire/ -- Washington Trust Bancorp, Inc. (NASDAQ: WASH), announced the appointment of Debra M.

10 months ago - PRNewsWire

Reassessing Washington Trust Bancorp

Washington Trust Bancorp's shares have achieved a 16.1% upside since October 2023, falling a bit short of the S&P 500. The bank experienced a decline in deposits in the final quarter of 2023, but loan...

10 months ago - Seeking Alpha

Washington Trust Bancorp, Inc. Announces Virtual Annual Shareholders Meeting

WESTERLY, R.I. , Feb. 2, 2024 /PRNewswire/ -- Washington Trust Bancorp, Inc. (NASDAQ:  WASH), the bank holding company for The Washington Trust Company, today announced that its 2024 Annual Meeting of...

10 months ago - PRNewsWire

Washington Trust Bancorp, Inc. (WASH) Q4 2023 Earnings Call Transcript

Washington Trust Bancorp, Inc. (WASH) Q4 2023 Earnings Call Transcript

10 months ago - Seeking Alpha

Washington Trust Reports Fourth Quarter and Full-Year 2023 Earnings

WESTERLY, R.I. , Jan. 24, 2024 /PRNewswire/ -- Washington Trust Bancorp, Inc. (Nasdaq: WASH), parent company of The Washington Trust Company, today announced fourth quarter 2023 net income of $12.9 mi...

10 months ago - PRNewsWire

Washington Trust Announces Date of Fourth Quarter 2023 Earnings Release, Conference Call and Webcast

WESTERLY, R.I., Jan. 12, 2024 /PRNewswire/ -- Washington Trust Bancorp, Inc. (NASDAQ: WASH), the publicly owned holding company of The Washington Trust Company, will release fourth quarter 2023 earnin...

11 months ago - PRNewsWire

KBW Announces Index Rebalancing for Fourth-Quarter 2023

NEW YORK, Dec. 08, 2023 (GLOBE NEWSWIRE) -- Keefe, Bruyette & Woods, Inc., a leading specialist investment bank to the financial services and fintech sectors, and a wholly owned subsidiary of Stifel F...

1 year ago - GlobeNewsWire

Washington Trust Donates $24,000 to Support Food Distribution Efforts in Communities in Rhode Island, Massachusetts, and Connecticut

WESTERLY, R.I. , Nov. 16, 2023 /PRNewswire/ -- The Washington Trust Company ("Washington Trust") today announced that it has made grants totaling $24,000 to assist hunger relief agencies located throu...

1 year ago - PRNewsWire

Washington Trust Bancorp: A Small Bank With Some Potential To It

Shares of Washington Trust Bancorp dropped nearly 10% after Q3 financial results before falling further after that, presenting a buying opportunity. The bank has shown growth in deposits and loans, wi...

1 year ago - Seeking Alpha

Washington Trust Bancorp, Inc. (WASH) Q3 2023 Earnings Call Transcript

Washington Trust Bancorp, Inc. (NASDAQ:WASH) Q3 2023 Earnings Conference Call October 24, 2023 8:30 AM ET Company Participants Elizabeth Eckel - EVP, Chief Marketing and Corporate Communications Offi...

1 year ago - Seeking Alpha

Washington Trust Reports Third Quarter 2023 Earnings

WESTERLY, R.I. , Oct. 23, 2023 /PRNewswire/ -- Washington Trust Bancorp, Inc. (Nasdaq: WASH), parent company of The Washington Trust Company, today announced third quarter 2023 net income of $11.2 mil...

1 year ago - PRNewsWire