Shares of Washington Trust Bancorp, Inc. (NASDAQ:WASH – Get Free Report) have earned an average recommendation of “Reduce” from the two ratings firms that are currently covering the firm, MarketBeat Ratings reports. One equities research analyst has rated the stock with a sell rating and one has given a hold rating to the company.
Separately, Seaport Res Ptn cut Washington Trust Bancorp from a “buy” rating to a “neutral” rating in a research note on Wednesday, January 31st.
View Our Latest Stock Report on WASH
Institutional Investors Weigh In On Washington Trust Bancorp
Washington Trust Bancorp Price Performance
Shares of WASH stock opened at $27.47 on Thursday. The stock has a market cap of $467.81 million, a price-to-earnings ratio of 9.78 and a beta of 0.80. The business’s fifty day moving average is $26.84 and its 200 day moving average is $27.41. Washington Trust Bancorp has a twelve month low of $21.69 and a twelve month high of $36.67. The company has a quick ratio of 1.07, a current ratio of 1.07 and a debt-to-equity ratio of 2.57.
Washington Trust Bancorp (NASDAQ:WASH – Get Free Report) last issued its quarterly earnings results on Wednesday, January 24th. The financial services provider reported $0.76 earnings per share for the quarter, topping the consensus estimate of $0.54 by $0.22. The company had revenue of $45.96 million for the quarter, compared to analysts’ expectations of $47.38 million. Washington Trust Bancorp had a return on equity of 10.53% and a net margin of 13.19%. Research analysts expect that Washington Trust Bancorp will post 1.87 EPS for the current fiscal year.
Washington Trust Bancorp Announces Dividend
The business also recently announced a quarterly dividend, which will be paid on Friday, April 12th. Stockholders of record on Monday, April 1st will be paid a $0.56 dividend. The ex-dividend date of this dividend is Thursday, March 28th. This represents a $2.24 dividend on an annualized basis and a dividend yield of 8.15%. Washington Trust Bancorp’s dividend payout ratio is currently 79.72%.
Washington Trust Bancorp Company Profile
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, such as commercial real estate loans, including commercial mortgages, and construction and development loans; commercial and industrial loans comprising working capital, equipment financing, and financing for other business-related purposes; residential real estate loans that consist 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.
Read More
- Five stocks we like better than Washington Trust Bancorp
- How to Effectively Use the MarketBeat Ratings Screener
- Best Bear Market Funds: Top 3 Investment Options to Consider
- Best Aerospace Stocks Investing
- Is DraftKings A Good Bet Ahead of Q1 Earnings?
- What Are Dividend Champions? How to Invest in the Champions
- Mid-Cap Stocks to Outperform the Market This Cycle
Receive News & Ratings for Washington Trust Bancorp Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Washington Trust Bancorp and related companies with MarketBeat.com's FREE daily email newsletter.