Washington Trust Bancorp (WASH) to Release Earnings on Wednesday

Washington Trust Bancorp (NASDAQ:WASH) is anticipated to release its earnings data before the market opens on Wednesday, January 22nd. Analysts expect Washington Trust Bancorp to post earnings of $0.57 per share and revenue of $31,740.00 billion for the quarter. Parties interested in registering for the company’s conference call can do so using this link.

Washington Trust Bancorp (NASDAQ:WASH) last released its quarterly earnings data on Monday, October 21st. The financial services provider reported $0.64 earnings per share for the quarter, beating the consensus estimate of $0.56 by $0.08. Washington Trust Bancorp had a return on equity of 9.55% and a net margin of 11.24%. The firm had revenue of $103.86 million during the quarter, compared to the consensus estimate of $47.32 million. During the same period in the previous year, the company posted $0.65 earnings per share. 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 Trading Up 1.4 %

NASDAQ WASH opened at $32.83 on Tuesday. Washington Trust Bancorp has a one year low of $24.11 and a one year high of $40.59. The company has a debt-to-equity ratio of 2.63, a quick ratio of 1.10 and a current ratio of 1.10. 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 company’s 50-day simple moving average is $34.21 and its two-hundred day simple moving average is $32.64.

Washington Trust Bancorp Dividend Announcement

The firm also recently disclosed 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 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 presently 83.90%.

Analyst Upgrades and Downgrades

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

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.