Profile
Sector:
Financial ServicesIndustry:
Banks - RegionalCountry:
United StatesIPO:
08 June 1987Website:
http://www.washtrust.comNext earnings report:
25 July 2024Last dividends:
28 March 2024Next dividends:
01 July 2024Price
after hours | Fri, 21 Jun 2024 20:19:02 GMTAnalysts recommendations
Institutional Ownership
Included in screeners
WASH Latest News
Instead of just focusing on Wall Street's profit and revenue predictions for Washington Trust (WASH), take a closer look at some important metrics to better understand how the company may have performed in the first quarter of 2024.
Washington Trust Bancorp's shares have achieved a 16.1% upside since October 2023, falling a bit short of the S&P 500. The bank experienced a decline in deposits in the final quarter of 2023, but loans and securities value increased. The institution's earnings and assets are average compared to similar companies, suggesting that shares are undervalued and warranting a 'buy' rating when factoring in current valuation.
Washington Trust Bancorp, Inc. (WASH) Q4 2023 Earnings Call Transcript
The headline numbers for Washington Trust (WASH) give insight into how the company performed in the quarter ended December 2023, 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 $0.76 per share, beating the Zacks Consensus Estimate of $0.54 per share. This compares to earnings of $0.95 per share a year ago.
Get a deeper insight into the potential performance of Washington Trust (WASH) for the quarter ended December 2023 by going beyond Wall Street's top -and-bottom-line estimates and examining the estimates for some of its key metrics.
Shares of Washington Trust Bancorp dropped nearly 10% after Q3 financial results before falling further after that, presenting a buying opportunity. The bank has shown growth in deposits and loans, with minimal exposure to high-risk assets. Despite challenges with interest rates, the bank's valuation is attractive, making it an interesting prospect for investors.
Washington Trust Bancorp (WASH) came out with quarterly earnings of $0.65 per share, beating the Zacks Consensus Estimate of $0.56 per share. This compares to earnings of $1.08 per share a year ago.
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 earnings and host a conference call with the Corporation's executives as follows: Earnings Release: Monday, October 23, 2023, After Market Closes Conference Call: Tuesday, October 24, 2023, 8:30 a.m.
Washington Trust's (WASH) subsidiary agrees to settle the U.S. Department of Justice's allegations regarding violation of fair lending laws in Rhode Island between 2016 and 2021.
What type of business is Washington Trust Bancorp?
Washington Trust Bancorp, Inc. operates as the bank holding company for The Washington Trust Company, of Westerly that offers 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 provides various commercial and retail lending products, such as commercial real estate loans, including commercial mortgages and construction loans; commercial and industrial loans; 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. This segment also offers deposit accounts, including interest-bearing and noninterest-bearing demand deposits, NOW and savings accounts, money market and retirement deposit accounts, and time deposits, as well as debit card, automated teller machine, telephone banking, internet banking, mobile banking, remote deposit capture, and other cash management services. The Wealth Management Services segment provides investment management; financial planning; personal trust and estate services, such as trustee, personal representative, custodian, and guardian; and settlement of decedents' estates, as well as institutional trust services comprising custody and fiduciary services. This segment serves personal and institutional clients. The company also operates as a licensed broker-dealer; and offers variable annuities and college savings plans. As of December 31, 2021, it had 10 branch offices located in southern Rhode Island, 13 branch offices located in the greater Providence area in Rhode Island, and 1 branch office located in southeastern Connecticut. Washington Trust Bancorp, Inc. was founded in 1800 and is headquartered in Westerly, Rhode Island.
What sector is Washington Trust Bancorp in?
Washington Trust Bancorp is in the Financial Services sector
What industry is Washington Trust Bancorp in?
Washington Trust Bancorp is in the Banks - Regional industry
What country is Washington Trust Bancorp from?
Washington Trust Bancorp is headquartered in United States
When did Washington Trust Bancorp go public?
Washington Trust Bancorp initial public offering (IPO) was on 08 June 1987
What is Washington Trust Bancorp website?
https://www.washtrust.com
Is Washington Trust Bancorp in the S&P 500?
No, Washington Trust Bancorp is not included in the S&P 500 index
Is Washington Trust Bancorp in the NASDAQ 100?
No, Washington Trust Bancorp is not included in the NASDAQ 100 index
Is Washington Trust Bancorp in the Dow Jones?
No, Washington Trust Bancorp is not included in the Dow Jones index
When does Washington Trust Bancorp report earnings?
The next expected earnings date for Washington Trust Bancorp is 25 July 2024