Washington Trust Bancorp (WASH) Expected to Announce Earnings on Wednesday

Washington Trust Bancorp (NASDAQ:WASHGet Free Report) is expected to announce its earnings results before the market opens on Wednesday, January 22nd. Analysts expect the company to announce earnings of $0.57 per share and revenue of $31,740.00 billion for the quarter. Parties interested in listening to the company’s earnings conference call can do so using this link.

Washington Trust Bancorp (NASDAQ:WASHGet Free Report) last released its earnings results on Monday, October 21st. The financial services provider reported $0.64 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.56 by $0.08. The firm had revenue of $103.86 million during the quarter, compared to analyst estimates of $47.32 million. Washington Trust Bancorp had a net margin of 11.24% and a return on equity of 9.55%. During the same quarter last year, the business earned $0.65 EPS. On average, analysts expect Washington Trust Bancorp to post $2 EPS for the current fiscal year and $3 EPS for the next fiscal year.

Washington Trust Bancorp Stock Performance

Shares of NASDAQ:WASH opened at $32.83 on Tuesday. The company has a current ratio of 1.10, a quick ratio of 1.10 and a debt-to-equity ratio of 2.63. Washington Trust Bancorp has a 12 month low of $24.11 and a 12 month high of $40.59. The company has a market capitalization of $632.21 million, a price-to-earnings ratio of 12.30 and a beta of 0.81. The firm’s 50-day moving average is $34.21 and its 200 day moving average is $32.64.

Washington Trust Bancorp Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, January 15th. Stockholders of record on Thursday, January 2nd were paid a dividend of $0.56 per share. The ex-dividend date of this dividend was Thursday, January 2nd. This represents a $2.24 dividend on an annualized basis and a dividend yield of 6.82%. Washington Trust Bancorp’s dividend payout ratio is 83.90%.

Analyst Ratings Changes

A number of brokerages recently issued reports on WASH. StockNews.com lowered Washington Trust Bancorp from a “hold” rating to a “sell” rating in a research note on Saturday, January 11th. Piper Sandler upgraded Washington Trust Bancorp from an “underweight” rating to a “neutral” rating and lifted their target price for the stock from $30.00 to $34.00 in a research report on Tuesday, October 22nd.

Check Out Our Latest Stock Analysis on Washington Trust Bancorp

About Washington Trust Bancorp

(Get Free Report)

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.

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Earnings History for Washington Trust Bancorp (NASDAQ:WASH)

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