Washington Trust Bancorp (WASH) Projected to Post Earnings on Monday

Washington Trust Bancorp (NASDAQ:WASH) is expected to be issuing its quarterly earnings data before the market opens on Monday, April 21st. Analysts expect the company to announce earnings of $0.62 per share and revenue of $53.16 million for the quarter. Parties that are interested in participating in the company’s conference call can do so using this link.

Washington Trust Bancorp (NASDAQ:WASH) last issued its quarterly earnings data on Wednesday, January 29th. The financial services provider reported $0.59 earnings per share for the quarter, topping analysts’ consensus estimates of $0.57 by $0.02. Washington Trust Bancorp had a positive return on equity of 8.99% and a negative net margin of 6.90%. On average, analysts expect Washington Trust Bancorp to post $3 EPS for the current fiscal year and $3 EPS for the next fiscal year.

Washington Trust Bancorp Price Performance

Shares of Washington Trust Bancorp stock opened at $27.21 on Friday. The business has a 50 day moving average of $29.99 and a 200 day moving average of $32.56. Washington Trust Bancorp has a 52 week low of $24.44 and a 52 week high of $40.59. The company has a market cap of $524.50 million, a PE ratio of -17.55 and a beta of 0.76. The company has a quick ratio of 1.10, a current ratio of 1.10 and a debt-to-equity ratio of 2.63.

Washington Trust Bancorp Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, April 11th. Shareholders of record on Tuesday, April 1st were issued a $0.56 dividend. The ex-dividend date was Tuesday, April 1st. This represents a $2.24 annualized dividend and a yield of 8.23%. Washington Trust Bancorp’s dividend payout ratio (DPR) is presently -144.52%.

Analyst Upgrades and Downgrades

Several equities research analysts recently weighed in on the company. Seaport Res Ptn upgraded Washington Trust Bancorp from a “hold” rating to a “strong-buy” rating in a research report on Friday, March 14th. StockNews.com raised Washington Trust Bancorp from a “sell” rating to a “hold” rating in a research report on Friday, January 31st.

Washington Trust Bancorp Company Profile

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.