Washington Trust Bancorp, Inc. operates as the bank holding company for The Washington Trust Company, of Westerly that offers various financial services to individuals and businesses.
Flawless balance sheet 6 star dividend payer.
Share Price & News
How has Washington Trust Bancorp's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: WASH has not had significant price volatility in the past 3 months.
7 Day Return
1 Year Return
Return vs Industry: WASH underperformed the US Banks industry which returned -20% over the past year.
Return vs Market: WASH underperformed the US Market which returned 16.3% over the past year.
Price Volatility Vs. Market
How volatile is Washington Trust Bancorp's share price compared to the market and industry in the last 5 years?
Simply Wall St News
2 weeks ago | Simply Wall StWould Shareholders Who Purchased Washington Trust Bancorp's(NASDAQ:WASH) Stock Three Years Be Happy With The Share price Today?
1 month ago | Simply Wall StHere's What We Like About Washington Trust Bancorp's (NASDAQ:WASH) Upcoming Dividend
1 month ago | Simply Wall StShould You Be Worried About Insider Transactions At Washington Trust Bancorp, Inc. (NASDAQ:WASH)?
Is Washington Trust Bancorp undervalued compared to its fair value and its price relative to the market?
Undervalued compared to fair value
Share Price vs. Fair Value
Below Fair Value: WASH ($35.64) is trading below our estimate of fair value ($35.69)
Significantly Below Fair Value: WASH is trading below fair value, but not by a significant amount.
Price To Earnings Ratio
PE vs Industry: WASH is good value based on its PE Ratio (9.2x) compared to the US Banks industry average (9.9x).
PE vs Market: WASH is good value based on its PE Ratio (9.2x) compared to the US market (18.9x).
Price to Earnings Growth Ratio
PEG Ratio: WASH's earnings are forecast to decline next year, so we can't calculate its PEG ratio.
Price to Book Ratio
PB vs Industry: WASH is overvalued based on its PB Ratio (1.2x) compared to the US Banks industry average (0.8x).
How is Washington Trust Bancorp forecast to perform in the next 1 to 3 years based on estimates from 5 analysts?
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: WASH's earnings are forecast to decline over the next 3 years (-15.8% per year).
Earnings vs Market: WASH's earnings are forecast to decline over the next 3 years (-15.8% per year).
High Growth Earnings: WASH's earnings are forecast to decline over the next 3 years.
Revenue vs Market: WASH's revenue is expected to decline over the next 3 years (-1.6% per year).
High Growth Revenue: WASH's revenue is forecast to decline over the next 3 years (-1.6% per year).
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: WASH's Return on Equity is forecast to be low in 3 years time (9.6%).
How has Washington Trust Bancorp performed over the past 5 years?
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: WASH has high quality earnings.
Growing Profit Margin: WASH's current net profit margins (34.4%) are lower than last year (35.6%).
Past Earnings Growth Analysis
Earnings Trend: WASH's earnings have grown by 11.6% per year over the past 5 years.
Accelerating Growth: WASH's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.
Earnings vs Industry: WASH had negative earnings growth (-3%) over the past year, making it difficult to compare to the Banks industry average (-2.9%).
Return on Equity
High ROE: WASH's Return on Equity (12.9%) is considered low.
How is Washington Trust Bancorp's financial position? (This company is analysed differently as a bank or financial institution)
Financial Position Analysis
Debt to Equity History and Analysis
Financial Institutions Analysis
Asset Level: WASH's Assets to Equity ratio (11.3x) is moderate.
Allowance for Bad Loans: WASH has a sufficient allowance for bad loans (259%).
Low Risk Liabilities: 77% of WASH's liabilities are made up of primarily low risk sources of funding.
Loan Level: WASH has an appropriate level of Loans to Assets ratio (72%).
Low Risk Deposits: WASH's Loans to Deposits ratio (104%) is appropriate.
Level of Bad Loans: WASH has an appropriate level of bad loans (0.4%).
What is Washington Trust Bancorp current dividend yield, its reliability and sustainability?
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: WASH's dividend (5.72%) is higher than the bottom 25% of dividend payers in the US market (1.62%).
High Dividend: WASH's dividend (5.72%) is in the top 25% of dividend payers in the US market (4.36%)
Stability and Growth of Payments
Stable Dividend: WASH's dividends per share have been stable in the past 10 years.
Growing Dividend: WASH's dividend payments have increased over the past 10 years.
Current Payout to Shareholders
Dividend Coverage: With its reasonable payout ratio (52.6%), WASH's dividend payments are covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: WASH's dividends in 3 years are forecast to be covered by earnings (69.7% payout ratio).
How experienced are the management team and are they aligned to shareholders interests?
Average management tenure
Ned Handy (58 yo)
Mr. Edward Otis Handy is a Director at Halsey Associates, Inc. Mr. Edward “Ned” O. Handy III, is the Chairman of the Board of Directors and Chief Executive Officer for Washington Trust Bancorp, Inc., the p ...
CEO Compensation Analysis
Compensation vs Market: Ned's total compensation ($USD1.55M) is below average for companies of similar size in the US market ($USD3.04M).
Compensation vs Earnings: Ned's compensation has been consistent with company performance over the past year.
|Chairman & CEO||2.42yrs||US$1.55m||0.085% |
|President & COO||2.42yrs||US$1.43m||0.14% |
|Senior EVP||2.58yrs||US$636.82k||no data|
|Executive VP & Chief Wealth Management Officer of Washington Trust Company of Westerly||2.92yrs||US$635.88k||0.0029% |
|Senior VP and Chief Marketing & Corporate Communications Officer||no data||no data||no data|
|Senior EVP||2.5yrs||no data||0.078% |
|Senior Vice President of Wealth Management & Commercial Banking||no data||no data||no data|
|Executive VP & Controller||22.58yrs||no data||0.034% |
|VP & Connecticut Area Manager of Washington Trust Mortgage||9yrs||no data||no data|
Experienced Management: WASH's management team is considered experienced (2.6 years average tenure).
|Chairman & CEO||2.42yrs||US$1.55m||0.085% |
|Independent Lead Director||1.33yrs||US$104.29k||0.089% |
|Member of Advisory Council||no data||US$17.33k||no data|
|Member of Advisory Council||no data||US$25.70k||no data|
|Member of Advisory Council||no data||US$22.00k||no data|
|Member of Advisory Council||no data||no data||no data|
|Member of Advisory Council||no data||US$17.07k||no data|
|Independent Director||37.58yrs||US$78.12k||0.11% |
|Member of Advisory Council||no data||US$19.80k||no data|
|Independent Director||29.58yrs||US$95.12k||0.78% |
|Member of Advisory Council||no data||US$348.58k||no data|
|Independent Director||8.33yrs||US$92.12k||0.032% |
Experienced Board: WASH's board of directors are considered experienced (8.3 years average tenure).
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.
Recent Insider Transactions
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
Washington Trust Bancorp, Inc.'s company bio, employee growth, exchange listings and data sources
- Name: Washington Trust Bancorp, Inc.
- Ticker: WASH
- Exchange: NasdaqGS
- Founded: 1800
- Industry: Regional Banks
- Sector: Banks
- Market Cap: US$615.327m
- Shares outstanding: 17.26m
- Website: https://www.washtrust.com
Number of Employees
- Washington Trust Bancorp, Inc.
- 23 Broad Street
- Rhode Island
- United States
|Ticker||Exchange||Primary Security||Security Type||Country||Currency||Listed on|
|WASH||NasdaqGS (Nasdaq Global Select)||Yes||Common Stock||US||USD||Jun 1987|
Washington Trust Bancorp, Inc. operates as the bank holding company for The Washington Trust Company, of Westerly that offers various financial services to individuals and businesses. The company operates ...
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2020/08/09 00:21|
|End of Day Share Price||2020/08/07 00:00|
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.