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Washington Trust Bancorp, Inc. (WASH)

Stock Price: $34.18 USD 0.06 (0.18%)
Updated Oct 21, 2020 4:00 PM EDT - Market closed

Stock Price Chart

Key Info

Market Cap 589.95M
Revenue (ttm) 200.09M
Net Income (ttm) 67.15M
Shares Out 17.26M
EPS (ttm) 3.84
PE Ratio 8.90
Forward PE 11.00
Dividend $2.04
Dividend Yield 5.97%

Stock Quote

Trading Day Oct 21, 2020
Last Price $34.18
Previous Close $34.12
Change ($) 0.06
Change (%) 0.18%
Day's Open 34.17
Day's Range 33.40 - 34.48
Day's Volume 60,021
52-Week Range 25.86 - 54.96

More Stats

Market Cap 589.95M
Enterprise Value 1.47B
Earnings Date (est) Feb 1, 2021
Ex-Dividend Date Sep 30, 2020
Shares Outstanding 17.26M
Float 16.86M
EPS (basic) 3.87
EPS (diluted) 3.84
FCF / Share 3.93
Dividend $2.04
Dividend Yield 5.97%
Earnings Yield 11.23%
FCF Yield 11.49%
Payout Ratio 52.70%
Shares Short 189,802
Short Ratio 2.79
Short % of Float 1.13%
Beta 0.64
PE Ratio 8.90
Forward PE 11.00
P/FCF Ratio 8.70
PS Ratio 2.95
PB Ratio 1.10
Revenue 200.09M
Operating Income 85.53M
Net Income 67.15M
Free Cash Flow 67.79M
Net Cash -880.16M
Net Cash / Share -50.99
Gross Margin 97.05%
Operating Margin 42.75%
Profit Margin 33.60%
FCF Margin 33.88%
ROA 1.21%
ROE 13.03%
ROIC 1.30%
Stats based on trailing-twelve-month (ttm) numbers.

Analyst Summary

Analyst Ratings (5)

Buy 1
Overweight 0
Hold 4
Underweight 0
Sell 0

Analyst Consensus: Overweight

Price Target

$39.67*
(16.06% upside)
Low
36.0
Current: $34.18
High
42.0
Target: 39.67
*Average 12-month price target from 3 stock analysts.

Financial Performance

Financial numbers in millions USD.

Financial Overview

Year2019201820172016201520142013201220112010
Revenue199193182170161157151153133120
Revenue Growth3.14%6.12%6.93%5.39%2.94%3.44%-1.14%15.18%11.16%-
Gross Profit199193182170161157151153133120
Operating Income88.1886.5177.0068.3964.3866.1253.8154.7843.3435.11
Net Income68.9868.2945.8246.3843.4740.8236.1535.0729.7224.05
Shares Outstanding17.3317.2717.2117.0816.8816.6916.5116.3616.2516.11
Earnings Per Share3.963.932.642.702.542.412.162.131.821.49
EPS Growth0.76%48.86%-2.22%6.3%5.39%11.57%1.41%17.03%22.15%-
Dividend Per Share2.001.291.541.461.361.221.030.940.880.84
Dividend Growth55.04%-16.23%5.48%7.35%11.48%18.45%9.57%6.82%4.76%-
Operating Cash Flow73.4482.8859.3959.7552.262.6579.825.4737.2030.44
Capital Expenditures-2.92-3.97-2.78-3.11-5.48-5.23-1.49-3.54-2.37-1.68
Free Cash Flow70.5278.9056.6156.6446.78-2.5878.331.9334.8328.76
Cash & Equivalents13289.9279.8510693.2276.3981.9473.4782.2485.97
Total Debt1,193973814872402429311395593555
Net Cash / Debt-1,061-883-734-765-308-353-229-322-511-469
Assets5,2935,0114,5304,3813,7723,5873,1893,0723,0642,910
Liabilities4,7894,5634,1173,9903,3963,2412,8592,7762,7832,641
Book Value503448413391375346330296281269
Numbers in millions USD, except per-share numbers.

Company Profile

Company Details

Full Name Washington Trust Bancorp, Inc.
Country United States
Employees 598
CEO Edward O. Handy

Stock Information

Ticker Symbol WASH
Stock Exchange NASDAQ
Sector Financial Services
Industry Banks—Regional
Unique Identifier NASDAQ: WASH

Description

Washington Trust Bancorp operates as the bank holding company for The Washington Trust Company, of Westerly that offers various 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, which include commercial real estate loans consisting of commercial mortgages and construction loans; commercial and industrial loans; residential real estate loans consists 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 offers deposit accounts, including interest-bearing and noninterest-bearing demand deposits, NOW and savings accounts, money market and retirement deposit accounts, and time deposits, as well as debit card, automated teller machines, telephone, internet, mobile banking, remote deposit capture, and other cash management services. The Wealth Management Services segment provides 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. This segment serves personal and institutional clients. The company also operates as a licensed broker-dealer that offers variable annuities and college savings plans. As of December 31, 2019, it had 10 branch offices located in southern Rhode Island; 12 branch offices located in the greater Providence area in Rhode Island; and one branch office located in southeastern Connecticut. Washington Trust Bancorp, Inc. was founded in 1800 and is headquartered in Westerly, Rhode Island.