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Washington Trust Bancorp NasdaqGS:WASH Stock Report

Last Price

US$35.11

Market Cap

US$598.9m

7D

-1.2%

1Y

50.2%

Updated

30 Oct, 2024

Data

Company Financials +

Washington Trust Bancorp, Inc.

NasdaqGS:WASH Stock Report

Market Cap: US$598.9m

WASH Stock Overview

Operates as the bank holding company for The Washington Trust Company, of Westerly that provides various banking and financial services to individuals and businesses.

WASH fundamental analysis
Snowflake Score
Valuation3/6
Future Growth1/6
Past Performance1/6
Financial Health6/6
Dividends6/6

Community Narratives

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Narratives bring a range of perspectives from our community.

US$31.50
FV
11.5% overvalued intrinsic discount
5.57%
Revenue growth p.a.
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7 days ago author updated this narrative

Washington Trust Bancorp, Inc. Competitors

Price History & Performance

Summary of all time highs, changes and price drops for Washington Trust Bancorp
Historical stock prices
Current Share PriceUS$35.11
52 Week HighUS$36.09
52 Week LowUS$22.95
Beta0.81
11 Month Change9.00%
3 Month Change15.61%
1 Year Change50.24%
33 Year Change-37.95%
5 Year Change-32.97%
Change since IPO1,010.90%

Recent News & Updates

Recent updates

Washington Trust: The New Macroeconomic Environment Could Be Favorable (Rating Upgrade)

Oct 23

Washington Trust Bancorp (NASDAQ:WASH) Will Pay A Dividend Of $0.56

Sep 24
Washington Trust Bancorp (NASDAQ:WASH) Will Pay A Dividend Of $0.56

Washington Trust Bancorp: Is Its Dividend Sustainable In Case Of A Recession?

Aug 10

Earnings Beat: Washington Trust Bancorp, Inc. Just Beat Analyst Forecasts, And Analysts Have Been Updating Their Models

Jul 26
Earnings Beat: Washington Trust Bancorp, Inc. Just Beat Analyst Forecasts, And Analysts Have Been Updating Their Models

Washington Trust Bancorp's (NASDAQ:WASH) Dividend Will Be $0.56

Jun 24
Washington Trust Bancorp's (NASDAQ:WASH) Dividend Will Be $0.56

Washington Trust Bancorp: 8.54% Dividend Yield, Is It A Trap?

May 26

Results: Washington Trust Bancorp, Inc. Beat Earnings Expectations And Analysts Now Have New Forecasts

Apr 25
Results: Washington Trust Bancorp, Inc. Beat Earnings Expectations And Analysts Now Have New Forecasts

Reassessing Washington Trust Bancorp

Feb 10

Washington Trust Bancorp's (NASDAQ:WASH) Upcoming Dividend Will Be Larger Than Last Year's

Mar 20
Washington Trust Bancorp's (NASDAQ:WASH) Upcoming Dividend Will Be Larger Than Last Year's

Washington Trust Bancorp declares $0.54 dividend

Sep 15

Washington Trust Bancorp: Steady Growth, 3.9% Dividend Yield

Aug 19

Washington Trust Bancorp GAAP EPS of $1.14 beats by $0.23, revenue of $53.39M misses by $1.13M

Jul 25

Washington Trust Bancorp: Mortgage Banking And Provision Normalization To Drag Earnings

Jun 12

Washington Trust Bancorp: Earnings Dip Likely Due To Mortgage Revenue Normalization

Mar 27

Washington Trust Bancorp (NASDAQ:WASH) Will Pay A Larger Dividend Than Last Year At US$0.54

Mar 21
Washington Trust Bancorp (NASDAQ:WASH) Will Pay A Larger Dividend Than Last Year At US$0.54

Is Now The Time To Put Washington Trust Bancorp (NASDAQ:WASH) On Your Watchlist?

Mar 02
Is Now The Time To Put Washington Trust Bancorp (NASDAQ:WASH) On Your Watchlist?

Washington Trust Bancorp: Earnings To Dip Mostly Due To A Decline In Mortgage Refinancing Activity

Jan 05

Washington Trust Bancorp (NASDAQ:WASH) Will Pay A Larger Dividend Than Last Year At US$0.54

Dec 21
Washington Trust Bancorp (NASDAQ:WASH) Will Pay A Larger Dividend Than Last Year At US$0.54

Here's Why We Think Washington Trust Bancorp (NASDAQ:WASH) Is Well Worth Watching

Dec 01
Here's Why We Think Washington Trust Bancorp (NASDAQ:WASH) Is Well Worth Watching

Washington Trust Bancorp: Another Conventional Bank With Unconventional Results

Oct 22

Washington Trust: Still Stellar Asset And Credit Quality

Jul 28

Washington Trust Bancorp: Favorable Operating Environment To Boost Earnings

May 29

Here's Why I Think Washington Trust Bancorp (NASDAQ:WASH) Is An Interesting Stock

May 27
Here's Why I Think Washington Trust Bancorp (NASDAQ:WASH) Is An Interesting Stock

Shareholder Returns

WASHUS BanksUS Market
7D-1.2%0.6%-0.09%
1Y50.2%56.9%38.6%

Return vs Industry: WASH underperformed the US Banks industry which returned 59.6% over the past year.

Return vs Market: WASH exceeded the US Market which returned 39.5% over the past year.

Price Volatility

Is WASH's price volatile compared to industry and market?
WASH volatility
WASH Average Weekly Movement5.3%
Banks Industry Average Movement4.3%
Market Average Movement6.1%
10% most volatile stocks in US Market15.2%
10% least volatile stocks in US Market3.0%

Stable Share Price: WASH has not had significant price volatility in the past 3 months compared to the US market.

Volatility Over Time: WASH's weekly volatility (5%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
1800665Ned Handywww.washtrust.com

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.

Washington Trust Bancorp, Inc. Fundamentals Summary

How do Washington Trust Bancorp's earnings and revenue compare to its market cap?
WASH fundamental statistics
Market capUS$598.92m
Earnings (TTM)US$45.66m
Revenue (TTM)US$188.97m

13.1x

P/E Ratio

1.2x

P/B Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report (TTM)
WASH income statement (TTM)
RevenueUS$188.97m
Cost of RevenueUS$0
Gross ProfitUS$188.97m
Other ExpensesUS$143.30m
EarningsUS$45.66m

Last Reported Earnings

Sep 30, 2024

Next Earnings Date

n/a

Earnings per share (EPS)2.68
Gross Margin100.00%
Net Profit Margin24.16%
Debt/Equity Ratio263.4%

How did WASH perform over the long term?

See historical performance and comparison

Dividends

6.4%

Current Dividend Yield

84%

Payout Ratio