NASDAQ
WASH

Washington Trust Bancorp Inc

Banks-Regional
Financial Services

Prices are adjusted according to historical splits.

Washington Trust Bancorp Inc Stock Price

Vitals

Today's Low:
$27.2
Today's High:
$28.1009
Open Price:
$27.29
52W Low:
$21.813
52W High:
$48.5313
Prev. Close:
$27.03
Volume:
106203

Company Statistics

Market Cap.:
$460.03 million
Book Value:
26.979
Revenue TTM:
$208.18 million
Operating Margin TTM:
38.04%
Gross Profit TTM:
$219.89 million
Profit Margin:
28.49%
Return on Assets TTM:
0.91%
Return on Equity TTM:
12.68%

Company Profile

Washington Trust Bancorp Inc had its IPO on 1995-08-18 under the ticker symbol WASH.

The company operates in the Financial Services sector and Banks-Regional industry. Washington Trust Bancorp Inc has a staff strength of 651 employees.

Stock update

Shares of Washington Trust Bancorp Inc opened at $27.29 at the start of the last trading session i.e. 2023-09-12.

The stocks traded within a range of $27.2 - $28.1, and closed at $28.08.

This is a +3.88% increase from the previous day's closing price.

A total volume of 106,203 shares were traded at the close of the day’s session.

In the last one week, shares of Washington Trust Bancorp Inc have slipped by -2.33%.

Washington Trust Bancorp Inc's Key Ratios

Washington Trust Bancorp Inc has a market cap of $460.03 million, indicating a price to book ratio of 1.907 and a price to sales ratio of 3.6217.

In the last 12-months Washington Trust Bancorp Inc’s revenue was $208.18 million with a gross profit of $219.89 million and an EBITDA of $0. The EBITDA ratio measures Washington Trust Bancorp Inc's overall financial performance and is widely used to measure its profitability.

In the trailing 12-month period, Washington Trust Bancorp Inc’s operating margin was 38.04% while its return on assets stood at 0.91% with a return of equity of 12.68%.

In Q2, Washington Trust Bancorp Inc’s quarterly earnings growth was a negative -42.1% while revenue growth was a negative 16.4%.

Washington Trust Bancorp Inc’s PE and PEG Ratio

Forward PE
11.9617
Trailing PE
7.8576
PEG
4.01

Its diluted EPS in the last 12-months stands at $3.44 per share while it has a forward price to earnings multiple of 11.9617 and a PEG multiple of 4.01. A low price to earnings ratio can mean the stock is attractively valued while a high ratio suggests the stock may be overvalued.

The PEG on the other hand provides a broader view compared to the P/E ratio and gives greater insight into Washington Trust Bancorp Inc’s profitability.

Washington Trust Bancorp Inc stock is trading at a EV to sales ratio of 0 and a EV to EBITDA ratio of 0. Its price to sales ratio in the trailing 12-months stood at 3.6217.

Washington Trust Bancorp Inc stock pays annual dividends of $2.22 per share, indicating a yield of 8.28% and a payout ratio of 64.72%.

Balance sheet and cash flow metrics

Total Assets
$7.01 billion
Total Liabilities
$5.31 billion
Operating Cash Flow
$-139462000.00
Capital Expenditure
$1.88 million
Dividend Payout Ratio
64.72%

Washington Trust Bancorp Inc ended 2024 with $7.01 billion in total assets and $0 in total liabilities. Its intangible assets were valued at $7.01 billion while shareholder equity stood at $459.16 million.

Washington Trust Bancorp Inc ended 2024 with $0 in deferred long-term liabilities, $5.31 billion in other current liabilities, 1085000.00 in common stock, $497.00 million in retained earnings and $63.91 million in goodwill. Its cash balance stood at $124.88 million and cash and short-term investments were $1.15 billion. The company’s total short-term debt was $0 while long-term debt stood at $1.06 billion.

Washington Trust Bancorp Inc’s total current assets stands at $1.15 billion while long-term investments were $1.03 billion and short-term investments were $1.03 billion. Its net receivables were $0 compared to accounts payable of $0 and inventory worth $0.

In 2024, Washington Trust Bancorp Inc's operating cash flow was $-139462000.00 while its capital expenditure stood at $1.88 million.

Comparatively, Washington Trust Bancorp Inc paid $0.65 in dividends in 2024.

Other key metrics

Current Trading Price
$28.08
52-Week High
$48.5313
52-Week Low
$21.813
Analyst Target Price
$28

Washington Trust Bancorp Inc stock is currently trading at $28.08 per share. It touched a 52-week high of $48.5313 and a 52-week low of $48.5313. Analysts tracking the stock have a 12-month average target price of $28.

Its 50-day moving average was $28.91 and 200-day moving average was $34.32 The short ratio stood at 4.09 indicating a short percent outstanding of 0%.

Around 131.7% of the company’s stock are held by insiders while 6846.1% are held by institutions.

Frequently Asked Questions About Washington Trust Bancorp Inc

The stock symbol (also called stock or share ticker) of Washington Trust Bancorp Inc is WASH

The IPO of Washington Trust Bancorp Inc took place on 1995-08-18

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About

Washington Trust Bancorp, Inc. operates as the bank holding company for The Washington Trust Company, of Westerly that offers 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 provides 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 loans; commercial and industrial loans; 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. This segment also offers debit card, automated teller machine, telephone banking, internet banking, mobile banking, remote deposit capture, and other cash management services. The Wealth Management Services segment provides investment management; financial planning; personal trust and estate services, such as trustee, personal representative, custodian, and guardian; and settlement of decedents’ estates, as well as institutional trust services comprising custody and fiduciary services. This segment serves personal and institutional clients. The company also operates as a licensed broker-dealer; and offers variable annuities and college savings plans. Washington Trust Bancorp, Inc. was founded in 1800 and is headquartered in Westerly, Rhode Island.

Address

23 Broad Street, Westerly, RI, United States, 02891-0512