Washington Trust Bancorp (NASDAQ:WASH) Posts Quarterly Earnings Results, Beats Estimates By $0.12 EPS

Washington Trust Bancorp (NASDAQ:WASH) posted its quarterly earnings data on Monday. The financial services provider reported $1.08 EPS for the quarter, topping the consensus estimate of $0.96 by $0.12, Fidelity Earnings reports. Washington Trust Bancorp had a return on equity of 15.12% and a net margin of 27.03%.

Shares of WASH opened at $49.72 on Tuesday. The business’s 50 day moving average is $48.23 and its 200 day moving average is $49.66. The company has a market capitalization of $849.86 million, a PE ratio of 12.65 and a beta of 0.66. Washington Trust Bancorp has a 12-month low of $45.21 and a 12-month high of $54.60. The company has a current ratio of 1.10, a quick ratio of 1.09 and a debt-to-equity ratio of 2.30.

The firm also recently announced a — dividend, which was paid on Friday, October 11th. Investors of record on Tuesday, October 1st were paid a dividend of $0.51 per share. This represents a yield of 4.1%. The ex-dividend date was Monday, September 30th. Washington Trust Bancorp’s dividend payout ratio (DPR) is presently 51.91%.

Several research analysts have recently commented on WASH shares. Compass Point set a $53.00 price objective on Washington Trust Bancorp and gave the stock a “buy” rating in a research note on Thursday, September 12th. Zacks Investment Research raised Washington Trust Bancorp from a “sell” rating to a “hold” rating in a research note on Saturday, September 28th. ValuEngine raised Washington Trust Bancorp from a “sell” rating to a “hold” rating in a research note on Wednesday, October 2nd. Boenning Scattergood initiated coverage on Washington Trust Bancorp in a research note on Wednesday, June 26th. They set an “outperform” rating and a $55.00 target price on the stock. Finally, BidaskClub raised Washington Trust Bancorp from a “sell” rating to a “hold” rating in a research note on Tuesday, September 24th. Four analysts have rated the stock with a hold rating and two have issued a buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus price target of $54.33.

About Washington Trust Bancorp

Washington Trust Bancorp, Inc operates as the bank holding company for The Washington Trust Company, of Westerly that offers various financial products and services to individuals and businesses. The company operates in two segments, Commercial Banking and Wealth Management Services. The Commercial Banking segment provides various commercial and retail lending products, which include commercial real estate loans consisting of commercial mortgages and construction loans; commercial and industrial loans; residential real estate 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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