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