WASH - Washington Trust Bancorp Inc Stock Price, Fair Value and News

27.63USD+0.09 (+0.33%)Delayed as of 17 May 2024, 09:45 am ET

Market Summary

USD27.63+0.09

Delayedas of 17 May 2024, 09:45 am

0.33%

WASH Alerts

Big fall in Revenue (Y/Y)

WASH Stock Price

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WASH RSI Chart

WASH Valuation

Market Cap

469.7M

Price/Earnings (Trailing)

10.14

Price/Sales (Trailing)

1.63

EV/EBITDA

1.91

Price/Free Cashflow

26.2

WASH Price/Sales (Trailing)

WASH Profitability

EBT Margin

18.75%

Return on Equity

9.92%

Return on Assets

0.64%

Free Cashflow Yield

3.82%

WASH Fundamentals

WASH Revenue

Revenue (TTM)

288.7M

Rev. Growth (Yr)

-28.99%

Rev. Growth (Qtr)

-41.83%

WASH Earnings

Earnings (TTM)

46.3M

Earnings Growth (Yr)

-14.64%

Earnings Growth (Qtr)

-15.53%

Breaking Down WASH Revenue

52 Week Range

23.8932.50

(Low)(High)

Last 7 days

1.9%

Last 30 days

13.4%

Last 90 days

1.7%

Trailing 12 Months

13.5%

How does WASH drawdown profile look like?

WASH Financial Health

WASH Investor Care

Dividend Yield

8.13%

Dividend/Share (TTM)

2.24

Shares Dilution (1Y)

0.21%

Diluted EPS (TTM)

2.72

Historical Charts for Stock Metrics

Get all data in R, Python etc through our Historical Stock Data APIs

Net sales

Year	Q1	Q2	Q3	Q4
2024	288.7M	0	0	0
2023	224.7M	257.9M	286.5M	308.7M
2022	158.5M	161.7M	174.1M	194.5M
2021	217.8M	214.0M	213.0M	158.0M
2020	197.4M	189.5M	180.8M	226.9M
2019	204.2M	211.4M	215.8M	200.5M
2018	154.4M	160.5M	167.8M	194.4M
2017	136.2M	141.1M	145.7M	149.6M
2016	127.5M	128.2M	129.9M	133.5M
2015	123.1M	125.0M	126.2M	125.8M
2014	113.4M	114.2M	115.2M	121.1M
2013	120.1M	110.3M	100.0M	119.8M
2012	143.4M	147.6M	152.8M	121.1M
2011	124.7M	128.2M	131.5M	136.7M
2010	0	128.3M	127.0M	125.7M
2009	0	0	0	129.6M

Get all data in R, Python etc through our Historical Stock Data APIs

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Small Caps and Mid Caps are mostly overlooked by investors as all the focus goes to Magnificent 7. These stocks that are not part of the beauty contest require a deeper look. However, all large cap stocks were once small caps. Grufity's Fair Value model opens up this unverse as it separates high-performing, rewarding stocks from low-performing risky stocks. <b>Russell 2000 stocks that were marked 'Very Cheap' by the model doubled in three years while the index was flat.</b>

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Russell 2000 Index: $10,334
Very Expensive Stocks: $8,224

Russell 2000 stocks considered 'Very Cheap' by the model greatly outperformed Russell 2000 index and the 'Very Expensive' bucket over past three years.

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Tracking the Latest Insider Buys and Sells of Washington Trust Bancorp Inc

Filter Transactions

Datesorted ascending	Name	Buy/Sell	$ Value	Avg. Price	# Shares	Title
May 02, 2024	ryan kathleen a	sold	-14,158	26.4641	-535	evp and chief wealth mgmt
Apr 22, 2024	noons mary e.	acquired	-	-	1,953	president and coo
Apr 22, 2024	wray william k. sr.	sold (taxes)	-22,557	25.75	-876	sevp and chief risk officer
Apr 22, 2024	ryan kathleen a	acquired	-	-	1,953	evp and chief wealth mgmt
Apr 22, 2024	ryan kathleen a	sold (taxes)	-22,737	25.75	-883	evp and chief wealth mgmt
Apr 22, 2024	disanto kristen l	acquired	-	-	1,953	sevp, chro and corp secr
Apr 22, 2024	disanto kristen l	sold (taxes)	-22,634	25.75	-879	sevp, chro and corp secr
Apr 22, 2024	noons mary e.	sold (taxes)	-22,788	25.75	-885	president and coo
Apr 22, 2024	wray william k. sr.	acquired	-	-	1,953	sevp and chief risk officer
Apr 22, 2024	gormley debra a.	sold (taxes)	-17,922	25.75	-696	evp and chief retail banking

Which funds bought or sold WASH recently?

View All Details

Datesorted ascending	Fund Name	Type	% Chg	$ Change	$ Held	% Portfolio
May 15, 2024	BANK OF AMERICA CORP /DE/	added	14.17	-92,190	1,671,360	-%
May 15, 2024	Voya Investment Management LLC	sold off	-100	-247,966	-	-%
May 15, 2024	Royal Bank of Canada	reduced	-58.42	-245,000	130,000	-%
May 15, 2024	Squarepoint Ops LLC	new	-	408,818	408,818	-%
May 15, 2024	MARSHALL WACE, LLP	sold off	-100	-229,541	-	-%
May 15, 2024	PUBLIC EMPLOYEES RETIREMENT SYSTEM OF OHIO	added	12.56	-896	12,768	-%
May 15, 2024	QUADRANT CAPITAL GROUP LLC	added	6.08	-38,151	281,776	0.02%
May 15, 2024	BRIDGEWAY CAPITAL MANAGEMENT, LLC	added	3.64	-369,613	2,277,190	0.05%
May 15, 2024	MILLENNIUM MANAGEMENT LLC	sold off	-100	-391,571	-	-%
May 15, 2024	TWO SIGMA INVESTMENTS, LP	added	84.05	360,640	1,043,860	-%

Are Funds Buying or Selling WASH?

Are funds buying WASH calls or puts?

Calls

Puts

No. of funds holding Calls - Puts

Net Call Options

No. of funds that own WASH

No. of Funds

WASH Alerts

Big fall in Revenue (Y/Y)

Unveiling Washington Trust Bancorp Inc's Major ShareHolders

Date Filed	Name of Filer	Percent of Class	No. of Shares	Form Type
Feb 13, 2024	vanguard group inc	5.67%	966,273	SC 13G/A
Feb 09, 2024	fmr llc	-	0	SC 13G/A
Jan 30, 2024	franklin mutual advisers llc	0.0%	0	SC 13G/A
Jan 23, 2024	blackrock inc.	13.4%	2,289,007	SC 13G/A
Apr 06, 2023	blackrock inc.	11.6%	1,967,997	SC 13G/A
Feb 09, 2023	fmr llc	-	0	SC 13G/A
Feb 09, 2023	vanguard group inc	5.45%	936,915	SC 13G/A
Jan 31, 2023	franklin mutual advisers llc	5.5%	940,281	SC 13G/A
Jan 24, 2023	blackrock inc.	9.2%	1,585,219	SC 13G
Feb 10, 2022	vanguard group inc	5.31%	920,980	SC 13G/A

Recent SEC filings of Washington Trust Bancorp Inc

View All Filings

Date Filed	Form Type	Document
May 07, 2024	10-Q	Quarterly Report
May 06, 2024	4	Insider Trading
May 02, 2024	144	Notice of Insider Sale Intent
Apr 25, 2024	8-K	Current Report
Apr 23, 2024	4	Insider Trading
Apr 23, 2024	4	Insider Trading
Apr 23, 2024	4	Insider Trading
Apr 23, 2024	4	Insider Trading
Apr 23, 2024	4	Insider Trading
Apr 23, 2024	4	Insider Trading

Peers (Alternatives to Washington Trust Bancorp Inc)

Name	Mkt Capsorted ascending	Revenue	Price %, 1M	Returns, 1Y	P/E	P/S	Rev 1-Yr	Inc 1-Yr
LARGE-CAP
JPM	581.4B	174.7B	11.99%	46.24%	11.55	3.33	53.11%	19.83%
BAC	306.7B	137.9B	13.09%	37.28%	12.25	2.22	56.12%	-12.56%
WFC	212.8B	85.8B	8.19%	50.84%	11.34	2.48	35.02%	26.14%
C	122.4B	125.0B	12.50%	36.26%	15.31	0.98	37.85%	-
CFG	16.6B	10.4B	12.65%	38.40%	11.61	1.6	26.22%	-33.87%
KEY	14.4B	8.1B	7.74%	50.49%	16.53	1.78	32.15%	-50.93%
MID-CAP
CMA	7.2B	4.2B	8.99%	43.16%	10.4	1.7	34.68%	-45.96%
ZION	6.6B	4.1B	13.27%	70.96%	10.5	1.62	32.93%	-30.73%
ABCB	3.5B	1.3B	12.98%	57.40%	12.27	2.64	30.60%	-12.99%
ASB	3.3B	2.0B	11.41%	42.76%	20.79	1.64	47.11%	-59.32%
SMALL-CAP
AMNB	497.6M	120.2M	6.68%	49.76%	19.02	4.14	45.65%	-13.98%
AROW	415.3M	173.1M	13.52%	27.11%	14.24	2.4	26.54%	-34.86%
ALRS	390.4M	152.4M	-1.25%	34.56%	39.27	2.56	16.94%	-73.84%
ACNB	289.6M	98.7M	3.86%	15.94%	9.84	2.93	6.27%	-22.90%
ASRV	47.2M	62.5M	11.11%	-5.26%	-15.95	0.75	18.83%	-145.18%

Washington Trust Bancorp Inc News

Latest updates

Washington Trust Bancorp Inc Earnings Report: Key Takeaways & Analysis

Income Statement (Last 12 Months)

(In Millions)

(*) denotes actual numbers (not divided by Millions)
Income Statement (Quarterly)																					(In Millions)
Description	(%) Q/Q	2024Q1	2023Q4	2023Q3	2023Q2	2023Q1	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4	2021Q3	2021Q2	2021Q1	2020Q4	2020Q3	2020Q2	2020Q1	2019Q4	2019Q3	2019Q2	2019Q1
Revenue	-41.8%	49.00	84.00	81.00	75.00	69.00	62.00	52.00	42.00	39.00	41.00	40.00	39.00	38.00	96.00	41.00	43.00	47.00	50.00	50.00	51.00	50.00
EBITDA Margin	2.7%	0.66*	0.64*	0.75*	0.91*	1.11*	1.29*	1.45*	1.52*	1.52*	1.54*	1.11*	1.08*	-	-	-	-	-	-	-	-	-
Interest Expenses	-3.0%	32.00	33.00	34.00	34.00	37.00	41.00	42.00	38.00	35.00	38.00	36.00	35.00	33.00	32.00	32.00	31.00	33.00	32.00	33.00	34.00	35.00
Income Taxes	465.5%	3.00	-0.77	3.00	3.00	3.00	4.00	5.00	5.00	4.00	5.00	5.00	5.00	6.00	6.00	5.00	6.00	3.00	4.00	5.00	5.00	5.00
Earnings Before Taxes	13.1%	14.00	12.00	14.00	14.00	16.00	21.00	24.00	25.00	21.00	26.00	24.00	22.00	26.00	24.00	23.00	27.00	15.00	20.00	24.00	22.00	22.00
EBT Margin	2.5%	0.19*	0.18*	0.23*	0.29*	0.38*	0.47*	0.55*	0.59*	0.59*	0.62*	0.45*	0.45*	-	-	-	-	-	-	-	-	-
Net Income	-15.5%	11.00	13.00	11.00	11.00	13.00	17.00	19.00	20.00	16.00	20.00	19.00	17.00	20.00	19.00	18.00	21.00	12.00	16.00	19.00	17.00	17.00
Net Income Margin	2.7%	0.16*	0.16*	0.18*	0.23*	0.30*	0.37*	0.43*	0.47*	0.46*	0.49*	0.35*	0.35*	-	-	-	-	-	-	-	-	-
Free Cashflow	-86.9%	1.00	10.00	29.00	-22.87	10.00	39.00	19.00	11.00	38.00	-7.43	47.00	62.00	-	-	-	-	-	-	-	-	-

Balance Sheet

(In Millions)

(*) denotes actual numbers (not divided by Millions)
Balance Sheet																					(In Millions)
Description	(%) Q/Q	2024Q1	2023Q4	2023Q3	2023Q2	2023Q1	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4	2021Q3	2021Q2	2021Q1	2020Q4	2020Q3	2020Q2	2020Q1	2019Q4	2019Q3	2019Q2	2019Q1
Assets	0.6%	7,249	7,203	7,183	7,012	6,859	6,660	6,408	5,983	5,848	5,851	6,003	5,852	5,719	5,713	5,850	5,877	5,621	5,293	5,199	5,190	5,155
Cash Equivalents	17.1%	106	90.00	113	128	138	118	133	99.00	228	178	300	132	171	202	212	223	185	138	146	120	92.00
Net PPE	-1.2%	32.00	32.00	32.00	33.00	32.00	32.00	30.00	30.00	29.00	29.00	28.00	29.00	29.00	29.00	28.00	28.00	29.00	29.00	29.00	29.00	30.00
Goodwill	0%	64.00	64.00	64.00	64.00	64.00	64.00	64.00	64.00	64.00	64.00	64.00	64.00	64.00	64.00	64.00	64.00	64.00	64.00	64.00	64.00	64.00
Liabilities	0.8%	6,782	6,730	6,752	6,553	6,394	6,206	5,976	5,506	5,335	5,286	5,447	5,304	5,186	5,179	5,322	5,357	5,112	4,789	4,701	4,705	4,685
Shareholder's Equity	-1.2%	467	473	431	459	465	454	432	477	513	565	555	548	534	534	528	520	509	503	498	484	470
Retained Earnings	0.3%	503	502	499	497	495	492	485	476	465	458	448	438	430	418	409	399	387	390	384	374	366
Additional Paid-In Capital	0.5%	127	126	126	126	128	127	127	126	127	127	126	125	125	126	125	124	123	123	122	121	121
Shares Outstanding	0.0%	17.00	17.00	17.00	17.00	17.00	17.00	17.00	17.00	17.00	17.00	17.00	17.00	-	-	-	-	-	-	-	-	-
Float	-	-	-	-	450	-	-	-	820	-	-	-	877	-	554	-	-	-	-	-	777	-

Cashflow (Last 12 Months)

(In Thousands)

(*) denotes actual numbers (not divided by Thousands)
Cashflow (Quarterly)																					(In Thousands)
Description	(%) Q/Q	2024Q1	2023Q4	2023Q3	2023Q2	2023Q1	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4	2021Q3	2021Q2	2021Q1	2020Q4	2020Q3	2020Q2	2020Q1	2019Q4	2019Q3	2019Q2	2019Q1
Cashflow From Operations	-83.3%	1,948	11,650	29,855	-20,996	11,094	41,161	20,245	13,038	38,562	-6,108	47,494	62,792	-3,366	18,300	3,258	17,746	-2,826	36,061	18,677	-2,297	20,994
Share Based Compensation	52.1%	753	495	624	87.00	858	658	976	725	888	611	823	964	918	1,070	1,083	855	758	829	792	763	740
Cashflow From Investing	2.2%	-26,711	-27,314	-216,697	-139,462	-167,367	-275,280	-411,044	-275,274	-37,443	48,950	-16,753	-210,358	-62,738	113,933	34,328	-211,221	-201,280	-132,803	39,128	34,052	-100,492
Cashflow From Financing	660.9%	40,167	-7,161	171,535	150,494	176,131	219,702	425,015	132,763	48,484	-164,737	137,441	109,029	34,579	-141,980	-48,911	231,546	250,920	89,093	-31,515	-3,500	77,582
Dividend Payments	-0.2%	9,549	9,568	9,551	9,863	9,649	9,305	9,317	9,629	9,396	9,041	9,042	9,254	9,012	8,832	8,832	8,952	8,883	8,867	8,866	8,303	8,153
Buy Backs	-100.0%	-	73.00	-	-	8,741	-	896	8,583	-	-	-	-	-	-	-	-	4,322	-	-	-	-

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WASH Income Statement

2024-03-31

CONSOLIDATED STATEMENTS OF INCOME (Unaudited) - USD ($)
shares in Thousands, $ in Thousands

3 Months Ended

Mar. 31, 2024

Mar. 31, 2023

Interest income:

Interest and fees on loans

$ 75,636

$ 59,749

Interest on mortgage loans held for sale

255

152

Taxable interest on debt securities

7,096

7,194

Dividends on Federal Home Loan Bank stock

1,073

597

Other interest income

1,196

1,070

Total interest and dividend income

85,256

68,762

Interest expense:

Deposits

38,047

19,589

Federal Home Loan Bank advances

15,138

11,626

Junior subordinated debentures

406

354

Total interest expense

53,591

31,569

Net interest income

^[1]

31,665

37,193

Provision for credit losses

700

800

Net interest income after provision for credit losses

30,965

36,393

Noninterest income:

Wealth management revenues

^[1]

9,338

8,663

Mortgage banking revenues

^[1]

2,506

1,245

Card interchange fees

^[1]

1,145

1,132

Service charges on deposit accounts

^[1]

685

777

Loan related derivative income

^[1]

284

(51)

Income from bank-owned life insurance

^[1]

739

1,165

Other income

^[1]

2,466

352

Total noninterest income

^[1]

17,163

13,283

Noninterest expense:

Salaries and employee benefits

21,775

21,784

Outsourced services

3,780

3,496

Net occupancy

2,561

2,437

Equipment

1,020

1,028

Legal, audit and professional fees

706

896

FDIC deposit insurance costs

1,441

872

Advertising and promotion

548

408

Amortization of intangibles

208

212

Other expenses

2,324

2,431

Total noninterest expense

34,363

33,564

Income (loss) before income taxes

13,765

16,112

Income tax expense

2,829

3,300

Net income

10,936

12,812

Net income available to common shareholders

$ 10,924

$ 12,783

Weighted average common shares outstanding - basic

17,033

17,074

Weighted average common shares outstanding - diluted

17,074

17,170

Per share information:

Basic earnings per common share

$ 0.64

$ 0.75

Diluted earnings per common share

$ 0.64

$ 0.74

[1]	As reported in the Unaudited Consolidated Statements of Income.

WASH Balance Sheet

2024-03-31

CONSOLIDATED BALANCE SHEETS (Unaudited) - USD ($)
$ in Thousands

Mar. 31, 2024

Dec. 31, 2023

Assets:

Cash and due from banks

$ 102,136

$ 86,824

Short-term investments

3,452

3,360

Mortgage loans held for sale, at fair value

25,462

20,077

Available for sale debt securities, fair value

970,060

1,000,380

Federal Home Loan Bank stock, at cost

55,512

51,893

Loans:

Total loans

^[1]

5,685,232

5,647,706

Less: allowance for credit losses on loans

41,905

41,057

Net loans

5,643,327

5,606,649

Premises and equipment, net

31,914

32,291

Operating lease right-of-use assets

29,216

29,364

Investment in bank-owned life insurance

104,475

103,736

Goodwill

63,909

Identifiable intangible assets, net

3,503

3,711

Other assets

216,158

200,653

Total assets

7,249,124

7,202,847

Liabilities:

Noninterest-bearing deposits

648,929

693,746

Interest-bearing deposits

4,698,964

4,654,414

Total deposits

5,347,893

5,348,160

Federal Home Loan Bank advances

1,240,000

1,190,000

Junior subordinated debentures

22,681

Operating lease liabilities

31,837

32,027

Other liabilities

139,793

137,293

Total liabilities

6,782,204

6,730,161

Commitments and contingencies (Note 16)

Shareholders' Equity:

Common stock

1,085

Paid-in capital

126,785

126,150

Retained earnings

503,175

501,917

Accumulated other comprehensive income (loss)

(148,913)

(141,153)

Treasury stock, at cost

(15,212)

(15,313)

Total shareholders' equity

466,920

472,686

Total liabilities and shareholders’ equity

$ 7,249,124

$ 7,202,847

[1]

Includes net unamortized loan origination costs of $13.1 million and $13.0 million, respectively, at March 31, 2024 and December 31, 2023 and net unamortized premiums on loans purchased from and serviced by other financial institutions of $273 thousand and $286 thousand, respectively, at March 31, 2024 and December 31, 2023.

About Washington Trust Bancorp Inc

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.

CEO	Mr. Edward Otis Handy III
WEBSITE	washtrust.com
INDUSTRY	Banks Diversified
EMPLOYEES	651

Washington Trust Bancorp Inc Frequently Asked Questions

What is the ticker symbol for Washington Trust Bancorp Inc? What does WASH stand for in stocks?

WASH is the stock ticker symbol of Washington Trust Bancorp Inc. Every public company that trades on a stock exchange gets a ticker symbol.

What is the market capital of Washington Trust Bancorp Inc (WASH)?

As of Thu May 16 2024, market cap of Washington Trust Bancorp Inc is 469.68 Million. The market capitalization is calculated by multiplying the stock price with the number of shares outstanding.

What is the fair value of WASH stock?

You can check WASH's fair value in chart for subscribers.

What is the fair value of WASH stock?

You can check WASH's fair value in chart for subscribers. The fair value of Washington Trust Bancorp Inc is provided for various growth and macro-economic scenarios from very pessimiatic to very optimistic assumptions. These fair values are estimates from Grufity's Fair Value model based on company's past performance. However, past performance of Washington Trust Bancorp Inc is no guarantee of future performance. These fairvalue estimates should only be used as one of the inputs in your stock analysis. We provide model's historical fair value estimates for WASH so that you know how good or bad the model has been in the past so you can discard it if needed. There are others that provide fair values of stocks such as wallmine, finbox, gurufocus and finviz. Most provide point in time estimates. We provide a history of our models fair value estimates so that you can get a sense of it's usefulness. Otherwise this data point is of little use.

Is Washington Trust Bancorp Inc a good stock to buy?

The fair value guage provides a quick view whether WASH is over valued or under valued. Whether Washington Trust Bancorp Inc is cheap or expensive depends on the assumptions which impact Washington Trust Bancorp Inc's fair value. We provide several scenarios of inflation and growth to encompass these range of assumptions for WASH.

What is Washington Trust Bancorp Inc's Price to Earnings (PE) and Price to sales (PS) ratio?

As of Thu May 16 2024, WASH's PE ratio (Price to Earnings) is 10.14 and Price to Sales (PS) ratio is 1.63. The price to earnings and price to sales ratio are two most important valuation metrics for any company. PE ratio tell us the number of years of earnings investors are ready to pay for owning the company. Historically, S&P500 price to earnings ratio has fallen below 12 during periods of gloom and gone past 30 during periods of euphoria. WASH PE ratio will change depending on the future growth rate expectations of investors.

What is 5 year return on Washington Trust Bancorp Inc's stock?

In the past 10 years, Washington Trust Bancorp Inc has provided 0.014 (multiply by 100 for percentage) rate of return.