Washington Trust Bancorp (WASH) Receives Media Impact Rating of 0.22
News stories about Washington Trust Bancorp (NASDAQ:WASH) have trended somewhat positive on Monday, according to Accern Sentiment. Accern identifies positive and negative press coverage by reviewing more than twenty million blog and news sources in real-time. Accern ranks coverage of public companies on a scale of negative one to one, with scores closest to one being the most favorable. Washington Trust Bancorp earned a coverage optimism score of 0.22 on Accern’s scale. Accern also gave press coverage about the financial services provider an impact score of 47.5017892321796 out of 100, indicating that recent press coverage is somewhat unlikely to have an impact on the stock’s share price in the near term.
Washington Trust Bancorp (NASDAQ WASH) traded down 0.10% during trading on Monday, hitting $52.55. The stock had a trading volume of 6,204 shares. The firm has a market capitalization of $904.33 million, a P/E ratio of 18.37 and a beta of 0.73. Washington Trust Bancorp has a one year low of $38.63 and a one year high of $58.30. The stock has a 50 day moving average of $51.54 and a 200 day moving average of $51.46.
Washington Trust Bancorp (NASDAQ:WASH) last announced its quarterly earnings results on Monday, July 24th. The financial services provider reported $0.76 EPS for the quarter, beating the Zacks’ consensus estimate of $0.70 by $0.06. Washington Trust Bancorp had a net margin of 23.86% and a return on equity of 12.52%. The firm had revenue of $46.71 million during the quarter. Equities research analysts expect that Washington Trust Bancorp will post $2.92 earnings per share for the current fiscal year.
The business also recently announced a quarterly dividend, which was paid on Friday, July 14th. Stockholders of record on Monday, July 3rd were given a dividend of $0.38 per share. This represents a $1.52 dividend on an annualized basis and a dividend yield of 2.89%. The ex-dividend date of this dividend was Thursday, June 29th. Washington Trust Bancorp’s dividend payout ratio (DPR) is presently 53.15%.
Several equities analysts have recently weighed in on WASH shares. Keefe, Bruyette & Woods reiterated a “hold” rating and set a $55.00 price objective on shares of Washington Trust Bancorp in a report on Monday, April 10th. BidaskClub cut Washington Trust Bancorp from a “hold” rating to a “sell” rating in a report on Monday, July 24th.
Washington Trust Bancorp Company Profile
Washington Trust Bancorp, Inc is a bank holding company and financial holding company. The Company is a holding company of The Washington Trust Company, of Westerly (the Bank), a Rhode Island chartered commercial bank. The Company operates through two business segments: Commercial Banking and Wealth Management Services.
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