Washington Trust Bancorp, Inc. (WASH)

NASDAQ: WASH · IEX Real-Time Price · USD
26.14
+0.15 (0.58%)
At close: Apr 26, 2024, 4:00 PM
27.05
+0.91 (3.48%)
After-hours: Apr 26, 2024, 6:53 PM EDT
0.58%
Market Cap 445.25M
Revenue (ttm) 190.04M
Net Income (ttm) 48.09M
Shares Out 17.03M
EPS (ttm) 2.82
PE Ratio 9.27
Forward PE 12.47
Dividend $2.24 (8.57%)
Ex-Dividend Date Mar 28, 2024
Volume 63,900
Open 26.12
Previous Close 25.99
Day's Range 26.06 - 26.48
52-Week Range 21.69 - 33.96
Beta 0.81
Analysts Sell
Price Target 26.00 (-0.54%)
Earnings Date Apr 22, 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, WASH'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 "Sell." The 12-month stock price forecast is $26.0, which is a decrease of -0.54% from the latest price.

Price Target
$26.0
(-0.54% downside)
Analyst Consensus: Sell
Stock Forecasts

News

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...

4 days 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...

14 days ago - PRNewsWire

Washington Trust Bancorp, Inc. Announces Quarterly Dividend

WESTERLY, R.I. , March 21, 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...

5 weeks 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.

2 months ago - PRNewsWire

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...

3 months ago - PRNewsWire

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...

3 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...

3 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...

5 months 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...

5 months ago - PRNewsWire

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...

6 months ago - PRNewsWire

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

WESTERLY, R.I. , Oct. 5, 2023 /PRNewswire/ -- Washington Trust Bancorp, Inc. (NASDAQ: WASH), the publicly owned holding company of The Washington Trust Company, will release third quarter 2023 earning...

7 months ago - PRNewsWire

Washington Trust Bank to pay $9 mln over discriminatory lending practices

Washington Trust Bank , the largest community bank in the country, will pay $9 million to settle civil rights charges that it discriminated against primarily Black and Hispanic mortgage applicants, th...

7 months ago - Reuters

Washington Trust Announces Settlement with U.S. Department of Justice

WESTERLY, R.I. , Sept. 27, 2023 /PRNewswire/ -- The Washington Trust Company ("Washington Trust" or "the Bank"), the wholly owned subsidiary of Washington Trust Bancorp, Inc. (Nasdaq: WASH), today ann...

7 months ago - PRNewsWire

KBRA Releases Surveillance Report for Washington Trust Bancorp, Inc.

NEW YORK--(BUSINESS WIRE)-- #KBRA--On August 25, 2023, KBRA affirmed the senior unsecured debt rating of BBB+, the subordinated debt rating of BBB, and the short-term debt rating of K2 for Westerly, R...

8 months ago - Business Wire

Washington Trust provides $4.925 million in financing to Phoenix Central Falls Industrial Investors, LLC

CENTRAL FALLS, R.I. , Sept. 8, 2023 /PRNewswire/ -- Washington Trust's Commercial Real Estate Group recently provided $4.925 million in financing to Phoenix Central Falls Industrial Investors, LLC for...

8 months ago - PRNewsWire

Washington Trust Introduces New Brand Campaign

" What We Value is You" Highlights Local People, Places, and Businesses WESTERLY, R.I. , Aug. 22, 2023 /PRNewswire/ -- The Washington Trust Company ("Washington Trust"; "the Bank") today launched a ma...

8 months ago - PRNewsWire

Washington Trust provides $17.6 million in financing to Cheshire Industrial Owner, LLC

CHESHIRE, Conn. , Aug. 16, 2023 /PRNewswire/ -- Washington Trust's Commercial Real Estate Group recently provided $17.6 million in financing to Cheshire Industrial Owner, LLC for the acquisition of a ...

9 months ago - PRNewsWire

Washington Trust's Sandra Mazo Appointed to Women United Global Leadership Council of United Way Worldwide

WESTERLY, R.I. , Aug. 10, 2023 /PRNewswire/ -- The Washington Trust Company ("Washington Trust," "the Bank") today announced that Sandra Mazo , Mortgage Loan Officer (NMLS # 269909), has been appointe...

9 months ago - PRNewsWire

Washington Trust Reports Second Quarter 2023 Earnings

WESTERLY, R.I. , July 24, 2023 /PRNewswire/ -- Washington Trust Bancorp, Inc. (Nasdaq: WASH), parent company of The Washington Trust Company, today announced second quarter 2023 net income of $11.3 mi...

9 months ago - PRNewsWire

Washington Trust Supports San Miguel School's Capital Campaign

WESTERLY, R.I. , July 19, 2023 /PRNewswire/ -- The Washington Trust Company ("Washington Trust"; "the Bank") announced that the Washington Trust Charitable Foundation has pledged a total of $200,000 t...

10 months ago - PRNewsWire

Washington Trust provides $30 million in financing to Newport Apartments, LLC

EAST PROVIDENCE, R.I. , July 12, 2023 /PRNewswire/ -- Washington Trust's Commercial Real Estate Group recently provided $30 million in financing to Newport Apartments, LLC for the construction of a 14...

10 months ago - PRNewsWire

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

WESTERLY, R.I. , July 10, 2023 /PRNewswire/ -- Washington Trust Bancorp, Inc. (NASDAQ: WASH), the publicly owned holding company of The Washington Trust Company, will release second quarter 2023 earni...

10 months ago - PRNewsWire

Washington Trust provides $7.4 million in financing to 44 Industrial Drive Owner, LLC

DOVER, N.H., June 22, 2023 /PRNewswire/ -- Washington Trust's Commercial Real Estate Group recently provided $7.4 million in financing to 44 Industrial Drive Owner, LLC, an affiliate of RJ Kelly (RJK)...

11 months ago - PRNewsWire

Forbes Selects Washington Trust to the Best-In-State Banks 2023 List

Recognized as Best Bank in Rhode Island by Independent Consumer Survey WESTERLY, R.I. , June 21, 2023 /PRNewswire/ -- The Washington Trust Company ("Washington Trust"; "the Bank") today announced that...

11 months ago - PRNewsWire

Washington Trust Donation Funds McAuley Village Renovations

Affordable Apartments House Women and Children WESTERLY, R.I. , June 14, 2023 /PRNewswire/ -- The Washington Trust Company ("Washington Trust"; "the Bank") today announced that the Washington Trust Ch...

11 months ago - PRNewsWire