Washington Trust Bancorp, Inc. (WASH)
Market Cap | 460.75M |
Revenue (ttm) | 188.49M |
Net Income (ttm) | 46.23M |
Shares Out | 17.03M |
EPS (ttm) | 2.71 |
PE Ratio | 9.93 |
Forward PE | 12.84 |
Dividend | $2.24 (8.28%) |
Ex-Dividend Date | Mar 28, 2024 |
Volume | 73,031 |
Open | 26.70 |
Previous Close | 26.73 |
Day's Range | 26.48 - 27.07 |
52-Week Range | 21.69 - 33.96 |
Beta | 0.81 |
Analysts | Sell |
Price Target | 26.00 (-3.88%) |
Earnings Date | Apr 22, 2024 |
About WASH
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, ... [Read more]
Financial Performance
In 2023, WASH's revenue was $190.04 million, a decrease of -13.58% compared to the previous year's $219.89 million. Earnings were $48.09 million, a decrease of -32.72%.
Financial StatementsAnalyst Forecast
According to 2 analysts, the average rating for WASH stock is "Sell." The 12-month stock price forecast is $26.0, which is a decrease of -3.88% from the latest price.
News
Washington Trust Reports First Quarter 2024 Earnings
WESTERLY, R.I. , April 22, 2024 /PRNewswire/ -- Washington Trust Bancorp, Inc. (Nasdaq: WASH), parent company of The Washington Trust Company, today announced first quarter 2024 net income of $10.9 mi...
Washington Trust Announces Date of First Quarter 2024 Earnings Release, Conference Call and Webcast
WESTERLY, R.I. , April 12, 2024 /PRNewswire/ -- Washington Trust Bancorp, Inc. (NASDAQ: WASH), the publicly-owned holding company of The Washington Trust Company, will release first quarter 2024 earni...
Washington Trust Bancorp, Inc. Announces Quarterly Dividend
WESTERLY, R.I. , March 21, 2024 /PRNewswire/ -- The Board of Directors of Washington Trust Bancorp, Inc., (NASDAQ: WASH), today declared a quarterly dividend of 56 cents per share for the quarter endi...
Washington Trust Appoints Debra M. Paul and Angel Taveras To Board of Directors
WESTERLY, R.I. , Feb. 12, 2024 /PRNewswire/ -- Washington Trust Bancorp, Inc. (NASDAQ: WASH), announced the appointment of Debra M.
Washington Trust Bancorp, Inc. Announces Virtual Annual Shareholders Meeting
WESTERLY, R.I. , Feb. 2, 2024 /PRNewswire/ -- Washington Trust Bancorp, Inc. (NASDAQ: WASH), the bank holding company for The Washington Trust Company, today announced that its 2024 Annual Meeting of...
Washington Trust Reports Fourth Quarter and Full-Year 2023 Earnings
WESTERLY, R.I. , Jan. 24, 2024 /PRNewswire/ -- Washington Trust Bancorp, Inc. (Nasdaq: WASH), parent company of The Washington Trust Company, today announced fourth quarter 2023 net income of $12.9 mi...
Washington Trust Announces Date of Fourth Quarter 2023 Earnings Release, Conference Call and Webcast
WESTERLY, R.I., Jan. 12, 2024 /PRNewswire/ -- Washington Trust Bancorp, Inc. (NASDAQ: WASH), the publicly owned holding company of The Washington Trust Company, will release fourth quarter 2023 earnin...
KBW Announces Index Rebalancing for Fourth-Quarter 2023
NEW YORK, Dec. 08, 2023 (GLOBE NEWSWIRE) -- Keefe, Bruyette & Woods, Inc., a leading specialist investment bank to the financial services and fintech sectors, and a wholly owned subsidiary of Stifel F...
Washington Trust Donates $24,000 to Support Food Distribution Efforts in Communities in Rhode Island, Massachusetts, and Connecticut
WESTERLY, R.I. , Nov. 16, 2023 /PRNewswire/ -- The Washington Trust Company ("Washington Trust") today announced that it has made grants totaling $24,000 to assist hunger relief agencies located throu...
Washington Trust Reports Third Quarter 2023 Earnings
WESTERLY, R.I. , Oct. 23, 2023 /PRNewswire/ -- Washington Trust Bancorp, Inc. (Nasdaq: WASH), parent company of The Washington Trust Company, today announced third quarter 2023 net income of $11.2 mil...
Washington Trust Announces Date of Third Quarter 2023 Earnings Release, Conference Call and Webcast
WESTERLY, R.I. , Oct. 5, 2023 /PRNewswire/ -- Washington Trust Bancorp, Inc. (NASDAQ: WASH), the publicly owned holding company of The Washington Trust Company, will release third quarter 2023 earning...
Washington Trust Bank to pay $9 mln over discriminatory lending practices
Washington Trust Bank , the largest community bank in the country, will pay $9 million to settle civil rights charges that it discriminated against primarily Black and Hispanic mortgage applicants, th...
Washington Trust Announces Settlement with U.S. Department of Justice
WESTERLY, R.I. , Sept. 27, 2023 /PRNewswire/ -- The Washington Trust Company ("Washington Trust" or "the Bank"), the wholly owned subsidiary of Washington Trust Bancorp, Inc. (Nasdaq: WASH), today ann...
KBRA Releases Surveillance Report for Washington Trust Bancorp, Inc.
NEW YORK--(BUSINESS WIRE)-- #KBRA--On August 25, 2023, KBRA affirmed the senior unsecured debt rating of BBB+, the subordinated debt rating of BBB, and the short-term debt rating of K2 for Westerly, R...
Washington Trust provides $4.925 million in financing to Phoenix Central Falls Industrial Investors, LLC
CENTRAL FALLS, R.I. , Sept. 8, 2023 /PRNewswire/ -- Washington Trust's Commercial Real Estate Group recently provided $4.925 million in financing to Phoenix Central Falls Industrial Investors, LLC for...
Washington Trust Introduces New Brand Campaign
" What We Value is You" Highlights Local People, Places, and Businesses WESTERLY, R.I. , Aug. 22, 2023 /PRNewswire/ -- The Washington Trust Company ("Washington Trust"; "the Bank") today launched a ma...
Washington Trust provides $17.6 million in financing to Cheshire Industrial Owner, LLC
CHESHIRE, Conn. , Aug. 16, 2023 /PRNewswire/ -- Washington Trust's Commercial Real Estate Group recently provided $17.6 million in financing to Cheshire Industrial Owner, LLC for the acquisition of a ...
Washington Trust's Sandra Mazo Appointed to Women United Global Leadership Council of United Way Worldwide
WESTERLY, R.I. , Aug. 10, 2023 /PRNewswire/ -- The Washington Trust Company ("Washington Trust," "the Bank") today announced that Sandra Mazo , Mortgage Loan Officer (NMLS # 269909), has been appointe...
Washington Trust Reports Second Quarter 2023 Earnings
WESTERLY, R.I. , July 24, 2023 /PRNewswire/ -- Washington Trust Bancorp, Inc. (Nasdaq: WASH), parent company of The Washington Trust Company, today announced second quarter 2023 net income of $11.3 mi...
Washington Trust Supports San Miguel School's Capital Campaign
WESTERLY, R.I. , July 19, 2023 /PRNewswire/ -- The Washington Trust Company ("Washington Trust"; "the Bank") announced that the Washington Trust Charitable Foundation has pledged a total of $200,000 t...
Washington Trust provides $30 million in financing to Newport Apartments, LLC
EAST PROVIDENCE, R.I. , July 12, 2023 /PRNewswire/ -- Washington Trust's Commercial Real Estate Group recently provided $30 million in financing to Newport Apartments, LLC for the construction of a 14...
Washington Trust Announces Date of Second Quarter 2023 Earnings Release, Conference Call and Webcast
WESTERLY, R.I. , July 10, 2023 /PRNewswire/ -- Washington Trust Bancorp, Inc. (NASDAQ: WASH), the publicly owned holding company of The Washington Trust Company, will release second quarter 2023 earni...
Washington Trust provides $7.4 million in financing to 44 Industrial Drive Owner, LLC
DOVER, N.H., June 22, 2023 /PRNewswire/ -- Washington Trust's Commercial Real Estate Group recently provided $7.4 million in financing to 44 Industrial Drive Owner, LLC, an affiliate of RJ Kelly (RJK)...
Forbes Selects Washington Trust to the Best-In-State Banks 2023 List
Recognized as Best Bank in Rhode Island by Independent Consumer Survey WESTERLY, R.I. , June 21, 2023 /PRNewswire/ -- The Washington Trust Company ("Washington Trust"; "the Bank") today announced that...
Washington Trust Donation Funds McAuley Village Renovations
Affordable Apartments House Women and Children WESTERLY, R.I. , June 14, 2023 /PRNewswire/ -- The Washington Trust Company ("Washington Trust"; "the Bank") today announced that the Washington Trust Ch...