Key Details
Price
$30.18Last Dividend
$0.56Annual Revenue
$193.24 MAnnual EPS
$2.82Annual ROE
10.40%Beta
1.28Events Calendar
Next earnings date:
Jan 24, 2025Recent quarterly earnings:
Oct 21, 2024Recent annual earnings:
Jan 25, 2024Next ex-dividend date:
Jan 02, 2025Recent ex-dividend date:
Oct 01, 2024Next split:
N/ARecent split:
Aug 04, 1998Analyst ratings
Recent major analysts updates
Market Data
Dividend
Profitability
Efficiency
Valuation
Liquidity
Cash Flow
Institutional Ownership
Washington Trust (WASH) has been upgraded to a Zacks Rank #1 (Strong Buy), reflecting growing optimism about the company's earnings prospects. This might drive the stock higher in the near term.
WASH made it to the Zacks Rank #1 (Strong Buy) income stocks list on December 30, 2024.
WESTERLY, R.I. , Dec. 20, 2024 /PRNewswire/ -- Washington Trust Bancorp, Inc. (Nasdaq: WASH) (the "Corporation"), parent company of The Washington Trust Company, of Westerly (the "Bank"), today announced Bank balance sheet repositioning transactions to support continued organic growth and capital generation.
WESTERLY, R.I. , Dec. 12, 2024 /PRNewswire/ -- Washington Trust Bancorp, Inc. (Nasdaq: WASH) (the "Corporation"), parent company of The Washington Trust Company, of Westerly (the "Bank"), today announced the pricing of its previously announced underwritten public offering of 1,911,764 shares of its common stock at a public offering price of $34.00 per share.
WESTERLY, R.I. , Dec. 12, 2024 /PRNewswire/ -- Washington Trust Bancorp, Inc. (Nasdaq: WASH) (the "Corporation"), parent company of The Washington Trust Company, of Westerly (the "Bank"), today announced it has commenced an underwritten public offering of $55,000,000 of the Corporation's common stock.
Does Washington Trust Bancorp (WASH) have what it takes to be a top stock pick for momentum investors? Let's find out.
Washington Trust Bancorp's Q3 2024 results beat EPS and revenue estimates, leading to an 8.06% stock price increase due to improved balance sheet management and deposit growth. Despite recent stock price gains, WASH's Price/TBV ratio remains low, suggesting further upside potential, warranting an upgrade from hold to buy. The loan-to-deposit ratio improved from 113% to 106%, and total loans decreased, indicating better financial health. Potential for future underwriting increases.
Washington Trust Bancorp, Inc. (NASDAQ:WASH ) Q3 2024 Earnings Conference Call October 22, 2024 8:30 AM ET Company Participants Ned Handy - Chairman, Chief Executive Officer Mary Noons - President, Chief Operating Officer Ron Ohsberg - Senior Executive Vice President, Chief Financial Officer, Treasurer Bill Wray - Senior Executive Vice President, Chief Risk Officer Sharon Walsh - Vice President, Director of Marketing Strategy and Planning Conference Call Participants Mark Fitzgibbon - Piper Sandler Damon DelMonte - Keefe Bruyette & Woods Inc. Laurie Hunsicker - Seaport Research Partners Operator Good morning, and welcome to Washington Trust Bancorp Inc.'s conference call. My name is Lydia and I'll be your operator today.
The headline numbers for Washington Trust (WASH) give insight into how the company performed in the quarter ended September 2024, but it may be worthwhile to compare some of its key metrics to Wall Street estimates and the year-ago actuals.
Washington Trust Bancorp (WASH) came out with quarterly earnings of $0.64 per share, beating the Zacks Consensus Estimate of $0.56 per share. This compares to earnings of $0.65 per share a year ago.
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