Washington Trust Bancorp (NASDAQ:WASH) Stock Price Expected to Rise, Keefe, Bruyette & Woods Analyst Says

Washington Trust Bancorp (NASDAQ:WASH) had its price target increased by research analysts at Keefe, Bruyette & Woods from $36.00 to $39.00 in a research note issued to investors on Wednesday, Benzinga reports. The brokerage currently has a “market perform” rating on the financial services provider’s stock. Keefe, Bruyette & Woods’ price objective indicates a potential upside of 2.51% from the stock’s current price.

Other analysts have also issued research reports about the stock. Seaport Research Partners lowered shares of Washington Trust Bancorp from a “buy” rating to a “neutral” rating in a research note on Wednesday, July 22nd. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Washington Trust Bancorp in a report on Wednesday, September 2nd. Piper Sandler upped their price target on shares of Washington Trust Bancorp from $32.00 to $35.00 and gave the company a “neutral” rating in a report on Friday, June 26th. Zacks Research upgraded shares of Washington Trust Bancorp from a “hold” rating to a “strong-buy” rating in a research note on Monday. Finally, Wall Street Zen raised shares of Washington Trust Bancorp from a “sell” rating to a “hold” rating in a report on Sunday, July 12th. One research analyst has rated the stock with a Strong Buy rating, one has given a Buy rating and two have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $37.00.

Washington Trust Bancorp Stock Down 0.2%

NASDAQ WASH traded down $0.07 during mid-day trading on Wednesday, reaching $38.05. 43,900 shares of the company’s stock traded hands, compared to its average volume of 163,591. The company has a current ratio of 0.97, a quick ratio of 0.97 and a debt-to-equity ratio of 0.86. Washington Trust Bancorp has a 1-year low of $26.52 and a 1-year high of $40.54. The company has a fifty day simple moving average of $38.87 and a 200-day simple moving average of $36.26. The company has a market cap of $725.52 million, a price-to-earnings ratio of 11.42, a P/E/G ratio of 0.79 and a beta of 0.73.

Washington Trust Bancorp (NASDAQ:WASH) last announced its earnings results on Monday, October 19th. The financial services provider reported $1.01 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.87 by $0.14. The company had revenue of $64.96 million for the quarter, compared to analyst estimates of $62.62 million. Washington Trust Bancorp had a return on equity of 11.67% and a net margin of 16.73%. As a group, equities research analysts expect that Washington Trust Bancorp will post 3.23 EPS for the current year.

Institutional Inflows and Outflows

A number of large investors have recently bought and sold shares of WASH. BlackRock Inc. bought a new position in Washington Trust Bancorp during the 2nd quarter worth approximately $81,558,000. First Horizon Corp bought a new stake in shares of Washington Trust Bancorp in the 1st quarter valued at approximately $9,912,000. The Manufacturers Life Insurance Company bought a new stake in shares of Washington Trust Bancorp in the 2nd quarter valued at approximately $10,556,000. Basswood Capital Management L.L.C. bought a new stake in shares of Washington Trust Bancorp in the 2nd quarter valued at approximately $6,712,000. Finally, Bank of New York Mellon Corp acquired a new stake in shares of Washington Trust Bancorp during the 2nd quarter valued at approximately $5,466,000. Institutional investors own 65.81% of the company’s stock.

Key Washington Trust Bancorp News

Here are the key news stories impacting Washington Trust Bancorp this week:

• Positive Sentiment: Strong Q3 earnings beat: Washington Trust reported third-quarter EPS of $1.01, well above the $0.87 consensus estimate and up from $0.56 a year earlier. Revenue reached approximately $64.96 million, also exceeding expectations of $62.62 million. Net income increased 21% sequentially to $19.4 million. Washington Trust Reports Third Quarter 2026 Results
• Positive Sentiment: Improved analyst sentiment: Zacks Research upgraded WASH from “Hold” to “Strong Buy,” adding to the positive reaction to the earnings report. Washington Trust was also included in Zacks’ list of top income stocks with a No. 1 Strong Buy ranking.
• Positive Sentiment: Profitability and margins improved: Management highlighted solid earnings, margin expansion and disciplined growth, supporting the view that the bank’s operating performance is strengthening. Washington Trust Bancorp Delivers Strong Q3 Performance
• Neutral Sentiment: Near-term outlook is mixed: Washington Trust forecasts fourth-quarter net interest margin of 2.85%–2.90% while planning approximately $1.5 million in additional expenses. The outlook remains constructive, but higher costs could limit earnings growth if revenue does not expand accordingly. Washington Trust Q4 Net Interest Margin Outlook
• Negative Sentiment: Growth was not uniformly strong: Loan and deposit growth was less impressive on a quarter-over-quarter basis, which may be tempering enthusiasm despite the large EPS and revenue beats. Shares are also trading near their 12-month high, increasing the potential for profit-taking.

About Washington Trust Bancorp

Washington Trust Bancorp, Inc is the holding company for The Washington Trust Company, a community bank headquartered in Westerly, Rhode Island. Founded in 1800, Washington Trust is one of the oldest continuously operating banks in the United States and serves individuals, families, businesses and institutions.

The bank provides a range of financial services, including checking and savings accounts, certificates of deposit, residential and commercial real estate lending, consumer loans, business banking and cash-management services.