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

24.65USD+0.42 (+1.73%)Market Closed

Market Summary

USD24.65+0.42

Market Closed

1.73%

WASH Stock Price

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WASH RSI Chart

WASH Valuation

Market Cap

412.7M

Price/Earnings (Trailing)

8.57

Price/Sales (Trailing)

1.34

EV/EBITDA

1.63

Price/Free Cashflow

15.54

WASH Price/Sales (Trailing)

WASH Profitability

EBT Margin

18.30%

Return on Equity

10.19%

Return on Assets

0.67%

Free Cashflow Yield

6.43%

WASH Fundamentals

WASH Revenue

Revenue (TTM)

308.7M

Rev. Growth (Yr)

35.92%

Rev. Growth (Qtr)

WASH Earnings

Earnings (TTM)

48.2M

Earnings Growth (Yr)

-21.88%

Earnings Growth (Qtr)

16%

Breaking Down WASH Revenue

Last 7 days

-0.9%

Last 30 days

-1.2%

Last 90 days

-16.5%

Trailing 12 Months

-24.9%

How does WASH drawdown profile look like?

WASH Financial Health

WASH Investor Care

Dividend Yield

9.24%

Dividend/Share (TTM)

2.24

Buy Backs (1Y)

0.73%

Diluted EPS (TTM)

2.82

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
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

GRUFITY'S FAIR VALUE MODEL

Stocks Marked 'Very Cheap' by Grufity's Fair Value Model Have Outperformed Russell 2000 Index

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>

Returns of $10,000 invested in:

Very Cheap Stocks: $21,859
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.

Russell 2000 Index

Very Expensive Stocks

Very Cheap Stocks

Try For Just $1.99

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

Filter Transactions

Datesorted ascending	Name	Buy/Sell	$ Value	Avg. Price	# Shares	Title
Mar 19, 2024	ryan kathleen a	acquired	-	-	3,100	evp and chief wealth mgmt
Mar 19, 2024	janes maria n	acquired	-	-	2,210	evp, cao and controller
Mar 19, 2024	lora rolando a	acquired	-	-	3,100	evp ch ret len off dir com len
Mar 19, 2024	disanto kristen l	acquired	-	-	3,100	sevp, chro and corp secr
Mar 19, 2024	wray william k. sr.	acquired	-	-	3,100	sevp and chief risk officer
Mar 19, 2024	algiere dennis l	acquired	-	-	2,210	evp ch comp off/dir com affair
Mar 19, 2024	ohsberg ronald s.	acquired	-	-	3,510	sevp, cfo and treasurer
Mar 19, 2024	noons mary e.	acquired	-	-	4,220	president and coo
Mar 19, 2024	gormley debra a.	acquired	-	-	3,100	evp and chief retail banking
Mar 19, 2024	handy edward o. iii	acquired	-	-	9,480	chairman and ceo

Which funds bought or sold WASH recently?

View All Details

Datesorted ascending	Fund Name	Type	% Chg	$ Change	$ Held	% Portfolio
Apr 17, 2024	BARRETT & COMPANY, INC.	reduced	-0.82	-23,054	107,386	0.05%
Apr 16, 2024	New England Research & Management, Inc.	unchanged	-	-221,000	1,081,000	0.53%
Apr 12, 2024	BALDWIN BROTHERS LLC/MA	unchanged	-	-9,124	44,594	-%
Apr 12, 2024	New England Professional Planning Group Inc.	added	10.81	-24,718	282,988	0.15%
Apr 09, 2024	Rise Advisors, LLC	new	-	24,488	24,488	0.01%
Apr 05, 2024	CWM, LLC	reduced	-9.26	-21,000	65,000	-%
Mar 26, 2024	NAPATREE CAPITAL LLC	new	-	1,813,260	1,813,260	1.82%
Mar 22, 2024	PNC FINANCIAL SERVICES GROUP, INC.	reduced	-2.34	108,872	650,612	-%
Mar 11, 2024	VANGUARD GROUP INC	added	2.35	6,429,660	31,287,900	-%
Mar 01, 2024	GOLDMAN SACHS GROUP INC	added	63.49	2,523,440	5,020,390	-%

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

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
Mar 21, 2024	4	Insider Trading
Mar 21, 2024	4	Insider Trading
Mar 21, 2024	4	Insider Trading
Mar 21, 2024	4	Insider Trading
Mar 21, 2024	4	Insider Trading
Mar 21, 2024	4	Insider Trading
Mar 21, 2024	4	Insider Trading
Mar 21, 2024	4	Insider Trading
Mar 21, 2024	4	Insider Trading
Mar 21, 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	518.6B	171.1B	-6.55%	27.33%	10.47	3.03	60.72%	31.52%
BAC	277.4B	130.3B	-2.17%	15.28%	10.46	2.13	79.51%	-3.68%
WFC	204.6B	85.7B	-1.00%	36.59%	10.69	2.39	41.49%	39.96%
C	111.2B	133.3B	-0.80%	16.13%	12.05	0.83	79.09%	-
CFG	15.1B	10.2B	-1.99%	8.44%	9.42	1.48	44.53%	-22.43%
KEY	13.5B	7.9B	-0.07%	19.35%	13.94	1.7	46.47%	-49.56%
MID-CAP
CMA	6.6B	4.2B	0.48%	11.63%	7.49	1.58	56.25%	-23.46%
ZION	5.8B	3.9B	-0.96%	29.19%	8.57	1.48	45.91%	-25.03%
ABCB	3.1B	1.3B	-3.03%	32.01%	11.42	2.4	43.24%	-22.35%
ASB	3.0B	2.0B	-0.45%	11.20%	16.48	1.54	70.97%	-50.03%
SMALL-CAP
AMNB	497.6M	120.2M	6.68%	49.76%	19.02	4.14	45.65%	-13.98%
ALRS	393.2M	164.9M	-3.99%	28.14%	33.62	2.38	42.66%	-70.76%
AROW	359.4M	162.6M	-8.71%	-4.36%	11.95	2.21	25.39%	-38.37%
ACNB	267.1M	96.6M	-9.56%	1.15%	8.43	2.76	11.02%	-11.37%
ASRV	44.1M	60.9M	1.17%	-15.64%	-13.17	0.72	24.06%	-144.92%

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	2023Q4	2023Q3	2023Q2	2023Q1	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4	2021Q3	2021Q2	2021Q1	2020Q4	2020Q3	2020Q2	2020Q1	2019Q4	2019Q3	2019Q2	2019Q1	2018Q4
Revenue	4.0%	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	66.00
EBITDA Margin	-14.7%	0.64*	0.75*	0.83*	1.00*	1.15*	1.03*	1.06*	1.05*	1.07*	1.11*	1.08*	1.07*	-	-	-	-	-	-	-	-	-
Interest Expenses	-3.3%	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	34.00
Income Taxes	-126.5%	-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	5.00
Earnings Before Taxes	-13.6%	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	22.00
EBT Margin	-19.7%	0.18*	0.23*	0.27*	0.35*	0.42*	0.39*	0.41*	0.41*	0.43*	0.45*	0.45*	0.46*	-	-	-	-	-	-	-	-	-
Net Income	16.0%	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	17.00
Net Income Margin	-13.7%	0.16*	0.18*	0.21*	0.27*	0.33*	0.31*	0.32*	0.32*	0.34*	0.35*	0.35*	0.36*	-	-	-	-	-	-	-	-	-
Free Cashflow	-65.5%	10.00	29.00	-22.87	10.00	39.00	19.00	11.00	38.00	-7.43	47.00	62.00	-4.28	-	-	-	-	-	-	-	-	-

Balance Sheet

(In Millions)

(*) denotes actual numbers (not divided by Millions)
Balance Sheet																					(In Millions)
Description	(%) Q/Q	2023Q4	2023Q3	2023Q2	2023Q1	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4	2021Q3	2021Q2	2021Q1	2020Q4	2020Q3	2020Q2	2020Q1	2019Q4	2019Q3	2019Q2	2019Q1	2018Q4
Assets	0.3%	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	5,011
Cash Equivalents	-20.2%	90.00	113	128	138	118	133	99.00	228	178	300	132	171	202	212	223	185	138	146	120	92.00	93.00
Net PPE	1.0%	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	29.00
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	-0.3%	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	4,563
Shareholder's Equity	9.6%	473	431	459	465	454	432	477	513	565	555	548	534	534	528	520	509	503	498	484	470	448
Retained Earnings	0.7%	502	499	497	495	492	485	476	465	458	448	438	430	418	409	399	387	390	384	374	366	356
Additional Paid-In Capital	-0.1%	126	126	126	128	127	127	126	127	127	126	125	125	126	125	124	123	123	122	121	121	120
Shares Outstanding	0.1%	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	2023Q4	2023Q3	2023Q2	2023Q1	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4	2021Q3	2021Q2	2021Q1	2020Q4	2020Q3	2020Q2	2020Q1	2019Q4	2019Q3	2019Q2	2019Q1	2018Q4
Cashflow From Operations	-61.0%	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	24,441
Share Based Compensation	-20.7%	495	624	87.00	858	658	976	725	888	611	823	964	918	1,070	1,083	855	758	829	792	763	740	625
Cashflow From Investing	87.4%	-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	-231,434
Cashflow From Financing	-104.2%	-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	224,617
Dividend Payments	0.2%	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	7,456
Buy Backs	-	73.00	-	-	8,741	-	896	8,583	-	-	-	-	-	-	-	-	4,322	-	-	-	-	-

WASH Income Statement

2023-12-31

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

12 Months Ended

Dec. 31, 2023

Dec. 31, 2022

Dec. 31, 2021

Interest income:

Interest and fees on loans

$ 270,330

$ 169,301

$ 141,552

Interest on mortgage loans held for sale

980

1,165

1,531

Taxable interest on debt securities

29,059

21,827

14,295

Dividends on Federal Home Loan Bank stock

3,315

548

436

Other interest income

4,975

1,624

181

Interest and dividend income

308,659

194,465

157,995

Interest expense:

Deposits

120,429

26,023

12,390

Federal Home Loan Bank advances

49,589

11,713

3,800

Junior subordinated debentures

1,543

739

370

Interest expense

171,561

38,475

16,560

Net interest income

^[1]

137,098

155,990

141,435

Provision for credit losses

3,200

(1,300)

(4,822)

Net interest income after provision for credit losses

133,898

157,290

146,257

Noninterest income:

Wealth management revenues

^[1]

35,540

38,746

41,282

Mortgage banking revenues

^[1]

6,660

8,733

28,626

Card interchange fees

^[1]

4,921

4,996

Service charges on deposit accounts

^[1]

2,806

3,192

2,683

Loan related derivative income

^[1]

1,390

2,756

4,342

Income from bank-owned life insurance

^[1]

3,488

2,591

2,925

Other income

^[1]

1,335

1,588

2,540

Noninterest income

^[1]

56,140

62,602

87,394

Noninterest expense:

Salaries and employee benefits

82,458

83,804

87,295

Outsourced services

14,521

13,737

13,296

Net occupancy

9,636

9,126

8,449

Equipment

4,318

3,797

3,905

Legal, audit and professional fees

3,891

3,127

2,859

FDIC deposit insurance costs

4,667

1,687

1,592

Advertising and promotion

2,562

2,587

1,843

Amortization of intangibles

843

860

890

Debt prepayment penalties

6,930

Other expenses

10,661

9,997

8,405

Noninterest expense

133,557

128,722

135,464

Income before income taxes

56,481

91,170

98,187

Income tax expense

8,305

19,489

21,317

Net income

48,176

71,681

76,870

Net income available to common shareholders

$ 48,091

$ 71,479

$ 76,648

Weighted average common shares outstanding - basic

17,033

17,246

17,310

Weighted average common shares outstanding - diluted

17,062

17,381

17,455

Per share information:

Basic earnings per common share (in dollars per share)

$ 2.82

$ 4.14

$ 4.43

Diluted earnings per common share (in dollars per share)

$ 2.82

$ 4.11

$ 4.39

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

WASH Balance Sheet

2023-12-31

CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands

Dec. 31, 2023

Dec. 31, 2022

Assets:

Cash and due from banks

$ 86,824

$ 115,492

Short-term investments

3,360

2,930

Mortgage loans held for sale, at fair value

20,077

8,987

Available for sale debt securities, fair value

1,000,380

993,928

Federal Home Loan Bank stock, at cost

51,893

43,463

Loans:

Total loans

^[1]

5,647,706

5,110,139

Less: allowance for credit losses on loans

41,057

38,027

Net loans

5,606,649

5,072,112

Premises and equipment, net

32,291

31,550

Operating lease right-of-use assets

29,364

27,156

Investment in bank-owned life insurance

103,736

102,182

Goodwill

63,909

Identifiable intangible assets, net

3,711

4,554

Other assets

200,653

193,788

Total assets

7,202,847

6,660,051

Liabilities:

Noninterest-bearing deposits

693,746

858,953

Interest-bearing deposits

4,654,414

4,160,009

Total deposits

5,348,160

5,018,962

Federal Home Loan Bank advances

1,190,000

980,000

Junior subordinated debentures

22,681

Operating lease liabilities

32,027

^[2]

29,558

Other liabilities

137,293

155,181

Total liabilities

6,730,161

6,206,382

Commitments and contingencies (Note 21)

Shareholders’ Equity:

Common stock

1,085

Paid-in capital

126,150

127,056

Retained earnings

501,917

492,043

Accumulated other comprehensive loss

(141,153)

(157,800)

Treasury stock, at cost

(15,313)

(8,715)

Total shareholders’ equity

472,686

453,669

Total liabilities and shareholders’ equity

$ 7,202,847

$ 6,660,051

[1]	Includes net unamortized loan origination costs of $13.0 million and $11.6 million, respectively, at December 31, 2023 and 2022 and net unamortized premiums on loans purchased from and serviced by other financial institutions of $286 thousand and $318 thousand, respectively, at December 31, 2023 and 2022.
[2]	Includes short-term operating lease liabilities of $3.1 million.

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 Wed Apr 17 2024, market cap of Washington Trust Bancorp Inc is 412.71 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 Wed Apr 17 2024, WASH's PE ratio (Price to Earnings) is 8.57 and Price to Sales (PS) ratio is 1.34. 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 -0.005 (multiply by 100 for percentage) rate of return.