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. More details
| Snowflake Score | |
|---|---|
| Valuation | 4/6 |
| Future Growth | 1/6 |
| Past Performance | 1/6 |
| Financial Health | 6/6 |
| Dividends | 6/6 |
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Washington Trust Bancorp, Inc. Competitors
Price History & Performance
| Historical stock prices | |
|---|---|
| Current Share Price | US$29.58 |
| 52 Week High | US$40.59 |
| 52 Week Low | US$24.11 |
| Beta | 0.84 |
| 1 Month Change | -19.31% |
| 3 Month Change | -9.07% |
| 1 Year Change | -1.00% |
| 3 Year Change | -50.48% |
| 5 Year Change | -43.31% |
| Change since IPO | 835.93% |
Recent News & Updates
A Downgrade At Last For Washington Trust Bancorp
Jan 10Washington Trust Bancorp (NASDAQ:WASH) Has Affirmed Its Dividend Of $0.56
Dec 24
Recent updates
A Downgrade At Last For Washington Trust Bancorp
Jan 10Washington Trust Bancorp (NASDAQ:WASH) Has Affirmed Its Dividend Of $0.56
Dec 24Washington Trust: The New Macroeconomic Environment Could Be Favorable (Rating Upgrade)
Oct 23Washington Trust Bancorp (NASDAQ:WASH) Will Pay A Dividend Of $0.56
Sep 24Washington Trust Bancorp: Is Its Dividend Sustainable In Case Of A Recession?
Aug 10Earnings Beat: Washington Trust Bancorp, Inc. Just Beat Analyst Forecasts, And Analysts Have Been Updating Their Models
Jul 26Washington Trust Bancorp's (NASDAQ:WASH) Dividend Will Be $0.56
Jun 24Washington Trust Bancorp: 8.54% Dividend Yield, Is It A Trap?
May 26Results: Washington Trust Bancorp, Inc. Beat Earnings Expectations And Analysts Now Have New Forecasts
Apr 25Reassessing Washington Trust Bancorp
Feb 10Washington Trust Bancorp's (NASDAQ:WASH) Upcoming Dividend Will Be Larger Than Last Year's
Mar 20Washington Trust Bancorp declares $0.54 dividend
Sep 15Washington Trust Bancorp: Steady Growth, 3.9% Dividend Yield
Aug 19Washington Trust Bancorp GAAP EPS of $1.14 beats by $0.23, revenue of $53.39M misses by $1.13M
Jul 25Washington Trust Bancorp: Mortgage Banking And Provision Normalization To Drag Earnings
Jun 12Washington Trust Bancorp: Earnings Dip Likely Due To Mortgage Revenue Normalization
Mar 27Washington Trust Bancorp (NASDAQ:WASH) Will Pay A Larger Dividend Than Last Year At US$0.54
Mar 21Is Now The Time To Put Washington Trust Bancorp (NASDAQ:WASH) On Your Watchlist?
Mar 02Shareholder Returns
| WASH | US Banks | US Market | |
|---|---|---|---|
| 7D | -4.6% | 0.4% | -0.5% |
| 1Y | -1.0% | 33.2% | 23.2% |
Return vs Industry: WASH underperformed the US Banks industry which returned 33.2% over the past year.
Return vs Market: WASH underperformed the US Market which returned 23.2% over the past year.
Price Volatility
| WASH volatility | |
|---|---|
| WASH Average Weekly Movement | 6.9% |
| Banks Industry Average Movement | 5.2% |
| Market Average Movement | 6.4% |
| 10% most volatile stocks in US Market | 18.6% |
| 10% least volatile stocks in US Market | 3.2% |
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 (7%) has been stable over the past year.
About the Company
| Founded | Employees | CEO | Website |
|---|---|---|---|
| 1800 | 665 | Ned Handy | www.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
| WASH fundamental statistics | |
|---|---|
| Market cap | US$590.23m |
| Earnings (TTM) | US$45.66m |
| Revenue (TTM) | US$188.97m |
12.5x
P/E Ratio1.1x
P/B RatioIs WASH overvalued?
See Fair Value and valuation analysisEarnings & Revenue
| WASH income statement (TTM) | |
|---|---|
| Revenue | US$188.97m |
| Cost of Revenue | US$0 |
| Gross Profit | US$188.97m |
| Other Expenses | US$143.30m |
| Earnings | US$45.66m |
Last Reported Earnings
Sep 30, 2024
Next Earnings Date
n/a
| Earnings per share (EPS) | 2.37 |
| Gross Margin | 100.00% |
| Net Profit Margin | 24.16% |
| Debt/Equity Ratio | 271.0% |
How did WASH perform over the long term?
See historical performance and comparisonDividends
7.6%
Current Dividend Yield84%
Payout RatioDoes WASH pay a reliable dividends?
See WASH dividend history and benchmarks| Washington Trust Bancorp dividend dates | |
|---|---|
| Ex Dividend Date | Jan 02 2025 |
| Dividend Pay Date | Jan 15 2025 |
| Days until Ex dividend | 9 days |
| Days until Dividend pay date | 4 days |
Does WASH pay a reliable dividends?
See WASH dividend history and benchmarksCompany Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2025/01/10 23:03 |
| End of Day Share Price | 2025/01/10 00:00 |
| Earnings | 2024/09/30 |
| Annual Earnings | 2023/12/31 |
Data Sources
The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
| |
| Analyst Consensus Estimates | +3 years |
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| Market Prices | 30 years |
| |
| Ownership | 10 years |
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| Management | 10 years |
| |
| Key Developments | 10 years |
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* example for US securities, for non-US equivalent regulatory forms and sources are used.
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.
Analysis Model and Snowflake
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Industry and Sector Metrics
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Analyst Sources
Washington Trust Bancorp, Inc. is covered by 7 analysts. 3 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
| Analyst | Institution |
|---|---|
| Erik Zwick | Boenning & Scattergood, Inc. |
| Taylor Brodarick | Guggenheim Securities, LLC |
| Damon DelMonte | Keefe, Bruyette, & Woods |