Washington Trust Bancorp Inc
$ 30.81
-2.00%
24 Apr - close price
- Market Cap 586,653,000 USD
- Current Price $ 30.81
- High / Low $ 31.40 / 30.80
- Stock P/E 11.24
- Book Value 28.56
- EPS 2.74
- Next Earning Report -
- Dividend Per Share $2.24
- Dividend Yield 7.12 %
- Next Dividend Date -
- ROA 0.01 %
- ROE 0.10 %
- 52 Week High 36.57
- 52 Week Low 24.34
About
Washington Trust Bancorp, Inc. is the banking holding company for The Washington Trust Company of Westerly, offering a variety of banking and financial services to individuals and businesses. The company is headquartered in Westerly, Rhode Island.
Analyst Target Price
$33.50
Quarterly Earnings
| Mar 2026 | Dec 2025 | Sep 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sep 2024 | Jun 2024 | Mar 2024 | Dec 2023 | Sep 2023 | Jun 2023 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Reported Date | 2026-04-20 | 2026-01-27 | 2025-10-20 | 2025-07-21 | 2025-04-21 | 2025-01-29 | 2024-10-21 | 2024-07-22 | 2024-04-22 | 2024-01-24 | 2023-10-23 | 2023-07-24 |
| Reported EPS | 0.66 | 0.83 | 0.56 | 0.68 | 0.61 | 0.59 | 0.64 | 0.63 | 0.64 | 0.76 | 0.65 | 0.66 |
| Estimated EPS | 0.706 | 0.6985 | 0.71 | 0.63 | 0.63 | 0.55 | 0.56 | 0.49 | 0.45 | 0.57 | 0.58 | 0.63 |
| Surprise | -0.046 | 0.1315 | -0.15 | 0.05 | -0.02 | 0.04 | 0.08 | 0.14 | 0.19 | 0.19 | 0.07 | 0.03 |
| Surprise Percentage | -6.5156% | 18.8261% | -21.1268% | 7.9365% | -3.1746% | 7.2727% | 14.2857% | 28.5714% | 42.2222% | 33.3333% | 12.069% | 4.7619% |
Next Quarterly Earnings
| Reported Date |
| Fiscal Date Ending |
| Estimated EPS |
| Currency |
Previous Dividend Records
| Apr 2026 | Jan 2026 | Oct 2025 | Jul 2025 | Apr 2025 | Jan 2025 | Oct 2024 | Jul 2024 | Apr 2024 | Jan 2024 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Payment Date | 2026-04-10 | 2026-01-14 | 2025-10-10 | 2025-07-11 | 2025-04-11 | 2025-01-15 | 2024-10-11 | 2024-07-12 | 2024-04-12 | 2024-01-12 |
| Amount | $0.56 | $0.56 | $0.56 | $0.56 | $0.56 | $0.56 | $0.56 | $0.56 | $0.56 | $0.56 |
Next Dividend Records
| Dividend per share (year): | - |
| Dividend Yield | - |
| Next Dividend Date | - |
| Ex-Dividend Date | - |
Recent News: WASH
2026-04-25 06:09:49
Wall Street Zen has downgraded Washington Trust Bancorp (NASDAQ:WASH) from a "buy" to a "hold" rating, contributing to a consensus "Hold" rating among analysts with a $31.33 price target. This downgrade follows the company's Q1 earnings report, which missed analyst expectations with an EPS of $0.66 against an estimated $0.77. Despite increased positions by several institutional investors, the stock opened down approximately 2% on Friday.
2026-04-24 21:09:16
Washington Trust Bank has been recognized with the Housing Support Corporate Impact Award. This is attributed to their Community Lending program, launched in 2024, which focuses on supporting first-time homebuyers and committing to affordable housing initiatives. The article notes that members of Washington Trust's Central Oregon and Community Development teams presented a grant donation to NeighborImpact.
2026-04-22 19:38:46
Washington Trust Bancorp (NASDAQ: WASH) reported Q1 2026 net income of $12.6 million or $0.66 per share, down from the previous quarter, with net interest income increasing 11% year-over-year. The bank moved two commercial real estate loans to non-accrual status, resulting in a $4 million provision for credit losses, but anticipates mid-single-digit loan growth for the year, driven by CNI and institutional banking. Management expressed cautious optimism about future credit quality and strategic growth in deposits and loans, including the opening of a new branch in Pawtucket, Rhode Island.
2026-04-22 14:09:48
Keefe, Bruyette & Woods has reduced its price target for Washington Trust Bancorp (NASDAQ:WASH) to $32 from $34, maintaining a Market Perform rating. This decision follows the bank reporting earnings of $0.66 per share, missing expectations due to an elevated provision caused by two commercial real estate office loans moving to nonaccrual status. Despite short-term challenges, the bank offers a 7.47% dividend yield and has maintained payments for 43 consecutive years.
2026-04-22 14:01:03
Keefe, Bruyette & Woods has reduced its price target for Washington Trust Bancorp (NASDAQ:WASH) to $32 from $34 due to loan pressures, while maintaining a Market Perform rating. The bank missed earnings expectations, reporting $0.66 per share, leading to a significant stock drop and an elevated provision for loan losses. Despite near-term challenges, the company offers a 7.47% dividend yield and has maintained payments for 43 consecutive years.
2026-04-22 12:09:03
Washington Trust Bancorp, Inc. (NASDAQ:WASH) held its Q1 2026 earnings call, discussing results that showed net interest margin expansion but a higher provision for credit losses due to two commercial real estate loans moving to nonaccrual. CEO Ned Handy highlighted the company's strong capital ratios, successful digital banking conversion for personal accounts, and strategic hiring in commercial banking. CFO Ron Ohsberg detailed the financial performance, including a slight decrease in net income, and provided outlooks on net interest margin expansion and controlled expense growth, while addressing concerns about office loan exposure and asset quality.
