Washington Trust Bancorp released its earnings results on Apr 24, 2023. The company reported $0.74 earnings per share for the quarter, missing the consensus estimate of $0.9 by -$0.16.

Is Washington Trust Bancorp overvalued?

According to Wall Street analysts Washington Trust Bancorp’s price is currently Undervalued. Get more investment ideas with TipRanks Premium

Does Washington Trust Bancorp pay dividends?

Washington Trust Bancorp pays a Quarterly dividend of $0.56 which represents an annual dividend yield of 8.64%. See more information on Washington Trust Bancorp dividends here

What is Washington Trust Bancorp’s EPS estimate?

Washington Trust Bancorp’s EPS estimate is $0.64.

How many shares outstanding does Washington Trust Bancorp have?

Washington Trust Bancorp has 17,019,236 shares outstanding.

What happened to Washington Trust Bancorp’s price movement after its last earnings report?

Washington Trust Bancorp reported an EPS of $0.74 in its last earnings report, missing expectations of $0.9. Following the earnings report the stock price went down -8.483%.

Which hedge fund is a major shareholder of Washington Trust Bancorp?

Among the largest hedge funds holding Washington Trust Bancorp’s share is Third Avenue Management LLC. It holds Washington Trust Bancorp’s shares valued at 7M.

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Washington Bancorp Stock Smart Score

Neutral

Fundamentals

Return on Equity

13.88%

Trailing 12-Months

Asset Growth

17.29%

Trailing 12-Months

The Washington Bancorp stock analysis is based on the TipRanks Smart Score which is derived from 8 unique data sets including Analyst recommendations, Crowd Wisdom, Hedge Fund Activity, Media Sentiment and multiple Technical stock factors. The Smart Score is a quantitative, data-driven rating system and does not include human intervention.

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Company Description

Washington Trust Bancorp

Washington Trust Bancorp, Inc. is a bank holding company, which engages in the provision of financial services, including business banking, personal banking, and wealth management and trust services. It operates through the following business segments: Commercial Banking, Wealth Management Services, and Corporate. The Commercial Banking segment includes commercial, residential and consumer lending activities; mortgage banking activities; deposit generation; cash management activities; and direct banking activities, which include the operation of ATMs, telephone and internet banking services and customer support and sales. The Wealth Management Services segment includes investment management; financial planning; personal trust and estate services, including services as trustee, personal representative, custodian and guardian; and settlement of decedents' estates. Institutional trust services are also provided, including fiduciary services. The Corporate segment includes treasury unit, which is responsible for managing the wholesale investment portfolio and wholesale funding needs. The company was founded in 1984 and is headquartered in Westerly, RI.

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