Washington Trust Bancorp, Inc. (WASH)

NASDAQ: WASH · IEX Real-Time Price · USD
55.64
+0.16 (0.29%)
Aug 15, 2022 4:00 PM EDT - Market closed
0.29%
Market Cap 955.40M
Revenue (ttm) 225.98M
Net Income (ttm) 75.15M
Shares Out 17.17M
EPS (ttm) 4.30
PE Ratio 12.94
Forward PE 14.27
Dividend $2.14 (3.85%)
Ex-Dividend Date Jun 30, 2022
Volume 33,294
Open 55.35
Previous Close 55.48
Day's Range 55.00 - 55.75
52-Week Range 45.60 - 60.96
Beta 0.79
Analysts Buy
Price Target 58.40 (+5.0%)
Earnings Date Jul 25, 2022

About WASH

Washington Trust Bancorp, Inc. operates as the bank holding company for The Washington Trust Company, of Westerly that offers 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 provides various commercial and retail lending products, such as commercial real estate loans, including commercial mortgages and construction loans; commercial and industrial loans; residential real estate loans that consist of mortg... [Read more...]

Industry Banks
Founded 1800
CEO Edward Handy
Employees 623
Stock Exchange NASDAQ
Ticker Symbol WASH
Full Company Profile

Financial Performance

In 2021, WASH's revenue was $233.65 million, an increase of 8.91% compared to the previous year's $214.54 million. Earnings were $76.65 million, an increase of 10.00%.

Financial Statements

Analyst Forecast

According to 11 analysts, the average rating for WASH stock is "Buy." The 12-month stock price forecast is 58.4, which is an increase of 4.96% from the latest price.

Price Target
$58.4
(4.96% upside)
Analyst Consensus: Buy
Stock Forecasts

News

Washington Trust Opens Cumberland, RI Branch

Expands Northern RI Presence CUMBERLAND, R.I. , Aug. 9, 2022 /PRNewswire/ -- Washington Trust hosted a ribbon-cutting ceremony today to officially open its 25th branch location, located at 1900 Mendon R...

Washington Trust Names Crystal Thompson Manager of New Cumberland Branch

CUMBERLAND, R.I. , Aug. 2, 2022 /PRNewswire/ -- The Washington Trust Company announced that Crystal Thompson has been appointed Assistant Vice President and Branch Manager of the Bank's new Cumberland, ...

Washington Trust (WASH) Upgraded to Strong Buy: Here's What You Should Know

Washington Trust (WASH) might move higher on growing optimism about its earnings prospects, which is reflected by its upgrade to a Zacks Rank #1 (Strong Buy).

Best Momentum Stocks to Buy for July 28th

NPSNY, WASH, and TRST made it to the Zacks Rank #1 (Strong Buy) momentum stocks list on July 28, 2022.

Other symbols: NPSNYTRST

Washington Trust Bancorp (WASH) Q2 Earnings Surpass Estimates

Washington Trust (WASH) delivered earnings and revenue surprises of 28.09% and 0.06%, respectively, for the quarter ended June 2022. Do the numbers hold clues to what lies ahead for the stock?

Washington Trust Reports Second Quarter 2022 Earnings

WESTERLY, R.I. , July 25, 2022 /PRNewswire/ -- Washington Trust Bancorp, Inc. (Nasdaq: WASH), parent company of The Washington Trust Company, today announced second quarter 2022 net income of $20.0 mill...

Washington Trust Announces Date of Second Quarter 2022 Earnings Release, Conference Call and Webcast

WESTERLY, R.I. , July 7, 2022 /PRNewswire/ -- Washington Trust Bancorp, Inc. (NASDAQ: WASH), the publicly owned holding company of The Washington Trust Company, will release second quarter 2022 earnings...

Washington Trust Bancorp, Inc. Announces Quarterly Dividend

WESTERLY, R.I. , June 16, 2022 /PRNewswire/ -- The Board of Directors of Washington Trust Bancorp, Inc., (NASDAQ: WASH), today declared a quarterly dividend of 54 cents per share for the quarter ending ...

Washington Trust Shreds More Than 25 Tons of Materials at Free Community Shred Days

WESTERLY, R.I. , June 16, 2022 /PRNewswire/ -- The Washington Trust Company's Community Shred Days resulted in the shredding of 25 tons of sensitive documentation, such as tax returns, financial stateme...

Washington Trust Named as One of Rhode Island's Best Places to Work for Twelfth Consecutive Year

WESTERLY, R.I. , June 13, 2022 /PRNewswire/ -- The 2022 Best Places to Work honorees were recognized on Wednesday, June 8 in a ceremony at the Crowne Plaza in Warwick, RI and Washington Trust was named ...

Washington Trust Offers Free Financial Literacy Program to Rhode Island Schools and Students

WESTERLY, R.I. , May 3, 2022 /PRNewswire/ -- Washington Trust is offering free online financial literacy resources and tools to schools and students throughout Rhode Island through Banzai, an award-winn...

Washington Trust Bancorp (WASH) Surpasses Q1 Earnings Estimates

Washington Trust (WASH) delivered earnings and revenue surprises of 3.30% and 2.15%, respectively, for the quarter ended March 2022. Do the numbers hold clues to what lies ahead for the stock?

Washington Trust Reports First Quarter 2022 Earnings

WESTERLY, R.I. , April 25, 2022 /PRNewswire/ -- Washington Trust Bancorp, Inc. (Nasdaq: WASH), parent company of The Washington Trust Company, today announced first quarter 2022 net income of $16.5 mill...

Washington Trust Announces Date of First Quarter 2022 Earnings Release, Conference Call and Webcast

WESTERLY, R.I., April 8, 2022 /PRNewswire/ -- Washington Trust Bancorp, Inc. (NASDAQ: WASH), the publicly owned holding company of The Washington Trust Company, will release first quarter 2022 earnings ...

Washington Trust Announces Financial Literacy Initiative

Multi-Year Funding and Free Tools for Schools and Community Groups WESTERLY, R.I. , April 7, 2022 /PRNewswire/ -- Washington Trust today announced a new Financial Literacy Initiative designed to provide...

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

WESTERLY, R.I. , March 15, 2022 /PRNewswire/ -- Today, Washington Trust Bancorp, Inc., (NASDAQ: WASH), released the Corporation's inaugural Environmental, Social and Governance ("ESG") Report, which pre...

Washington Trust Bancorp, Inc. Announces Date of Virtual Shareholders Meeting

WESTERLY, R.I., Feb. 3, 2022 /PRNewswire/ -- Washington Trust Bancorp, Inc. (NASDAQ:  WASH), On January 26, 2022, the Board of Directors of Washington Trust Bancorp, Inc. (the "Corporation"), the bank h...

Washington Trust Announces Appointment of Two New Board Members

WESTERLY, R.I., Feb. 1, 2022 /PRNewswire/ -- Washington Trust Bancorp, Inc. (NASDAQ:  WASH), On January 26, 2022, the Board of Directors (the "Board") of Washington Trust Bancorp, Inc. (the "Corporation...

Washington Trust Bancorp (WASH) Beats Q4 Earnings and Revenue Estimates

Washington Trust (WASH) delivered earnings and revenue surprises of 13.86% and 4.31%, respectively, for the quarter ended December 2021. Do the numbers hold clues to what lies ahead for the stock?

Washington Trust Reports Fourth Quarter and Full-Year 2021 Earnings

WESTERLY, R.I. , Jan. 26, 2022 /PRNewswire/ -- Washington Trust Bancorp, Inc. (Nasdaq:WASH), parent company of The Washington Trust Company, today announced fourth quarter 2021 net income of $20.2 milli...

Earnings Preview: Washington Trust Bancorp (WASH) Q4 Earnings Expected to Decline

Washington Trust (WASH) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

Regional banks offer more upside potential this year, says Hennion & Walsh's Mahn

Kevin Mahn, Hennion & Walsh, joins 'The Exchange' to discuss the stocks he thinks will do best in the current rate environment.

Other symbols: HBNCSASR

Washington Trust Announces Date of Fourth Quarter 2021 Earnings Release, Conference Call and Webcast

WESTERLY, R.I., Jan. 10, 2022 /PRNewswire/ -- Washington Trust Bancorp, Inc. (NASDAQ: WASH), the publicly owned holding company of The Washington Trust Company, will release fourth quarter 2021 earnings...

Washington Trust (WASH) Dividend Hike Fails to Cheer Investors

Washington Trust's (WASH) 3.9% sequential dividend hike represents the eleventh consecutive year of such a dividend increase.

Washington Trust Bancorp, Inc. Increases Quarterly Dividend

WESTERLY, R.I., Dec. 16, 2021 /PRNewswire/ -- The Board of Directors of Washington Trust Bancorp, Inc., (NASDAQ: WASH), today declared a quarterly dividend of 54 cents per share for the quarter ending D...