Profile
Sector:
Financial ServicesIndustry:
Banks - RegionalCountry:
United StatesIPO:
08 June 1987Website:
http://www.washtrust.comNext earnings report:
24 January 2025Last dividends:
01 October 2024Next dividends:
N/APrice
pre-market | Fri, 22 Nov 2024 09:31:48 GMTAnalysts recommendations
Institutional Ownership
Included in screeners
WASH Latest News
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.
WESTERLY, R.I. , Oct. 21, 2024 /PRNewswire/ -- Washington Trust Bancorp, Inc. (Nasdaq: WASH), parent company of The Washington Trust Company, today announced third quarter 2024 net income of $11.0 million, or $0.64 per diluted share, compared to net income of $10.8 million, or $0.63 per diluted share, for the second quarter of 2024.
Evaluate the expected performance of Washington Trust (WASH) for the quarter ended September 2024, looking beyond the conventional Wall Street top-and-bottom-line estimates and examining some of its key metrics for better insight.
WESTERLY, R.I., Oct. 8, 2024 /PRNewswire/ -- Washington Trust Bancorp, Inc. (NASDAQ: WASH), the publicly-owned holding company of The Washington Trust Company, will release third quarter 2024 earnings and host a conference call with the Corporation's executives as follows: Earnings Release: Monday, October 21, 2024, After Market Closes Conference Call: Tuesday, October 22, 2024, 8:30 a.m.
Washington Trust Bancorp, Inc. (WASH) reached a significant support level, and could be a good pick for investors from a technical perspective. Recently, WASH's 50-day simple moving average broke out above its 200-day moving average; this is known as a "golden cross.
WESTERLY, R.I. , July 22, 2024 /PRNewswire/ -- Washington Trust Bancorp, Inc. (Nasdaq: WASH), parent company of The Washington Trust Company, today announced second quarter 2024 net income of $10.8 million, or $0.63 per diluted share, compared to net income of $10.9 million, or $0.64 per diluted share, for the first quarter of 2024.
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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 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. This segment also provides debit cards; automated teller machines (ATMs); telephone banking, internet banking, mobile banking, remote deposit capture, and other cash management services; and investment portfolio and wholesale funding services. The Wealth Management Services segment offers 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 for personal and institutional clients. 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 was Washington Trust Bancorp the previous earnings report?
No data
When does Washington Trust Bancorp earnings report?
The next expected earnings date for Washington Trust Bancorp is 24 January 2025