Washington Trust Bancorp, Inc. (WASH)

NASDAQ: WASH · IEX Real-Time Price · USD
44.29
+0.13 (0.29%)
Feb 3, 2023, 4:00 PM EST - Market closed
0.29%
Market Cap 760.94M
Revenue (ttm) 226.43M
Net Income (ttm) 75.07M
Shares Out 17.18M
EPS (ttm) 4.31
PE Ratio 10.28
Forward PE 11.96
Dividend $2.18 (4.92%)
Ex-Dividend Date Sep 30, 2022
Volume 128,854
Open 44.00
Previous Close 44.16
Day's Range 43.99 - 44.55
52-Week Range 41.03 - 57.94
Beta 0.80
Analysts Sell
Price Target 54.32 (+22.65%)
Earnings Date Jan 26, 2023

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]

Sector Financials
Founded 1800
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 9 analysts, the average rating for WASH stock is "Sell." The 12-month stock price forecast is $54.32, which is an increase of 22.65% from the latest price.

Price Target
$54.32
(22.65% upside)
Analyst Consensus: Sell
Stock Forecasts

News

Washington Trust Bancorp, Inc. Announces Virtual Annual Shareholders Meeting

WESTERLY, R.I. , Feb. 2, 2023 /PRNewswire/ -- Washington Trust Bancorp, Inc. (NASDAQ:  WASH), the bank holding company for The Washington Trust Company, today announced that its 2023 Annual Meeting of...

2 days ago - PRNewsWire

Washington Trust Announces Funding Support for Northeast's Renewable Energy Projects

Rhode Island community bank awards loan to WindServe Marine for offshore wind development along Eastern Seaboard   WESTERLY, R.I. , Feb. 1, 2023 /PRNewswire/ -- The Washington Trust Company, the natio...

4 days ago - PRNewsWire

Why Washington Trust Bancorp (WASH) is a Top Dividend Stock for Your Portfolio

Dividends are one of the best benefits to being a shareholder, but finding a great dividend stock is no easy task. Does Washington Trust Bancorp (WASH) have what it takes?

1 week ago - Zacks Investment Research

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

Washington Trust (WASH) delivered earnings and revenue surprises of -15.93% and 6.72%, respectively, for the quarter ended December 2022. Do the numbers hold clues to what lies ahead for the stock?

1 week ago - Zacks Investment Research

Washington Trust Reports Fourth Quarter and Full-Year 2022 Earnings

WESTERLY, R.I. , Jan. 25, 2023 /PRNewswire/ -- Washington Trust Bancorp, Inc. (Nasdaq: WASH), parent company of The Washington Trust Company, today announced fourth quarter 2022 net income of $16.6 mi...

1 week ago - PRNewsWire

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

WESTERLY, R.I. , Jan. 12, 2023 /PRNewswire/ -- Washington Trust Bancorp, Inc. (NASDAQ: WASH), the publicly owned holding company of The Washington Trust Company, will release fourth quarter 2022 earni...

3 weeks ago - PRNewsWire

Washington Trust Bancorp, Inc. Announces Mark K.W. Gim's 2023 Retirement

Mary E. Noons to Become First Female President and COO in Corporation's 222 Year History WESTERLY, R.I. , Dec. 15, 2022 /PRNewswire/ -- The Board of Directors of Washington Trust Bancorp, Inc. (NASDAQ...

1 month ago - PRNewsWire

Washington Trust Bancorp, Inc. Increases Quarterly Dividend

WESTERLY, R.I. , Dec. 15, 2022 /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 endin...

1 month ago - PRNewsWire

Washington Trust Bancorp, Inc. Announces 2023 Stock Repurchase Program

WESTERLY, R.I. , Dec. 12, 2022 /PRNewswire/ -- Washington Trust Bancorp, Inc. (Nasdaq: WASH) today announced that the Corporation's Board of Directors adopted a stock repurchase program ("2023 Stock R...

1 month ago - PRNewsWire

Washington Trust Expands Connecticut Presence with New Office and Experienced Team in New Haven

NEW HAVEN, Conn. , Nov. 21, 2022 /PRNewswire/ -- The Washington Trust Company, one of the Northeast's premier financial service companies since 1800, announced today the expansion of its Connecticut p...

2 months ago - PRNewsWire

American Banker Names Washington Trust Best Bank to Work For

WESTERLY, R.I. , Nov. 17, 2022 /PRNewswire/ -- The Washington Trust Company  was recently named one of the nation's Best Banks to Work For by American Banker  magazine as part of its annual list organ...

2 months ago - PRNewsWire

Washington Trust Shred Days Recycle 36 Tons

Bank Event Provides Data Security and Environmentally Safe Solution WESTERLY, R.I. , Nov. 10, 2022 /PRNewswire/ -- The Washington Trust Company hosted 12 Community Shred Days in 2022, which resulted i...

3 months ago - PRNewsWire

Washington Trust Bancorp (WASH) Q3 Earnings and Revenues Top Estimates

Washington Trust (WASH) delivered earnings and revenue surprises of 3.85% and 5.56%, respectively, for the quarter ended September 2022. Do the numbers hold clues to what lies ahead for the stock?

3 months ago - Zacks Investment Research

Washington Trust Reports Third Quarter 2022 Earnings

WESTERLY, R.I. , Oct. 24, 2022 /PRNewswire/ -- Washington Trust Bancorp, Inc. (Nasdaq: WASH), parent company of The Washington Trust Company, today announced third quarter 2022 net income of $18.7 mil...

3 months ago - PRNewsWire

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

WESTERLY, R.I. , Oct. 13, 2022 /PRNewswire/ -- Washington Trust Bancorp, Inc. (NASDAQ: WASH), the publicly owned holding company of The Washington Trust Company, will release third quarter 2022 earnin...

4 months ago - PRNewsWire

Washington Trust Announces RI Branch Expansion

Bank Files Applications with Intent to Open Three Branches in 2023 WESTERLY, R.I. , Oct. 5, 2022 /PRNewswire/ -- The Washington Trust Company has recently submitted applications to establish branch of...

4 months ago - PRNewsWire

Washington Trust Bancorp, Inc. Announces Quarterly Dividend

WESTERLY, R.I. , Sept. 15, 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 endi...

5 months ago - PRNewsWire

Washington Trust Employees Perform 222 Acts of Kindness in 22 Days In Celebration of Company's 222nd Anniversary

WESTERLY, R.I. , Aug. 22, 2022 /PRNewswire/ -- The Washington Trust Company today announced that its employees, located in offices throughout RI, MA and CT, performed more than 222 Acts of Kindness in...

5 months ago - PRNewsWire

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...

6 months ago - PRNewsWire

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...

6 months ago - PRNewsWire

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).

6 months ago - Zacks Investment Research

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
6 months ago - Zacks Investment Research

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?

6 months ago - Zacks Investment Research

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 mi...

6 months ago - PRNewsWire

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 earnin...

7 months ago - PRNewsWire