Wall Street analysts predict Washington Trust Bancorp, Inc. (NASDAQ: WASH – received rating) will report earnings per share of $0.91 for the current fiscal quarter, Zack reports. Two analysts have provided estimates for Washington Trust Bancorp’s earnings. The highest EPS estimate is $0.92 and the lowest is $0.89. Washington Trust Bancorp posted earnings of $1.00 per share for the same quarter last year, indicating a negative 9% year-over-year growth rate. The company is expected to release its next earnings report on Monday, January 1st.
According to Zacks, analysts expect Washington Trust Bancorp to report year-to-date full-year earnings per share of $3.82 with EPS estimates ranging from $3.79 to $3.85. For the next fiscal year, analysts are forecasting that the company will report earnings of $4.30 per share, with EPS estimates ranging from $4.15 to $4.44. Zacks’ earnings per share average is an average based on a survey of research analysts following Washington Trust Bancorp.
Washington Trust Bancorp (NASDAQ: WASH – received rating) last announced its quarterly results on Monday, April 25. The financial services firm reported earnings per share of $0.94 for the quarter, beating analyst consensus estimates of $0.92 by $0.02. Washington Trust Bancorp had a net margin of 30.69% and a return on equity of 13.35%. In the same quarter last year, the company reported earnings per share of $1.17.
WASH has been the subject of a number of recent analyst reports. Piper Sandler lowered shares of Washington Trust Bancorp from an “overweight” rating to a “neutral” rating and put a price target of $56.00 on the stock. in a research note on Thursday, April 7th. StockNews.com began reporting on shares of Washington Trust Bancorp in a research note on Thursday, March 31. You give the stock a “hold” rating.
Hedge funds and other institutional investors have recently bought and sold shares in the company. CWM LLC bought a new position in Washington Trust Bancorp valued at approximately $40,000 during the fourth quarter. Lazard Asset Management LLC increased its position in Washington Trust Bancorp by 335.5% in the fourth quarter. Lazard Asset Management LLC now owns 858 shares of the financial services provider, valued at $48,000, after purchasing an additional 661 shares last quarter. Great West Life Assurance Co. Can increased its position in Washington Trust Bancorp by 27.2% in the first quarter. Great West Life Assurance Co. Can now owns 1,530 shares of the financial services provider, valued at $84,000, after buying another 327 shares last quarter. GSA Capital Partners LLP purchased a new position in Washington Trust Bancorp valued at approximately $204,000 during the fourth quarter. Finally, Bradley Foster & Sargent Inc. CT bought a new position in Washington Trust Bancorp valued at approximately $209,000 during the fourth quarter. Hedge funds and other institutional investors own 77.37% of the company’s shares.
shares of WASH camp opened at $47.24 on Friday. The company has a market cap of $819.61 million, a P/E of 11.36 and a beta of 0.76. The company’s 50-day moving average price is $50.94 and its 200-day moving average price is $54.55. The company has a gearing ratio of 0.15, a current ratio of 0.88 and a quick ratio of 0.87. Washington Trust Bancorp has a 12-month low of $46.35 and a 12-month high of $60.96.
The company also recently announced a quarterly dividend, which was paid on Friday, April 8th. A dividend of $0.54 per share was paid to investors of record on Friday, April 1st. The ex-dividend date was Thursday March 31st. That equates to an annualized dividend of $2.16 and a yield of 4.57%. Washington Trust Bancorp’s dividend payout ratio (DPR) is 51.92%.
About Washington Trust Bancorp (received rating)
Washington Trust Bancorp, Inc acts as the bank holding company for The Washington Trust Company of Westerly, which provides a variety of banking and financial services to individuals and businesses. The Company operates through two segments, Commercial Banking and Wealth Management Services. The Commercial Banking segment offers various commercial and personal lending products such as: B. commercial real estate loans, including commercial mortgages and construction loans; commercial and industrial loans; residential real estate loans, which consist of mortgage loans and homeowner construction loans; and consumer loans, which includes home equity loans and lines of credit, personal installment loans, and loans to individuals secured by general aviation aircraft.
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