Washington Trust Bancorp (WASH) Posts Earnings Results, Beats Expectations By $0.05 EPS
Washington Trust Bancorp (NASDAQ:WASH) posted its earnings results on Monday. The financial services provider reported $1.00 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.95 by $0.05, MarketWatch Earnings reports. Washington Trust Bancorp had a net margin of 28.66% and a return on equity of 15.98%.
NASDAQ:WASH opened at $50.24 on Tuesday. The company has a quick ratio of 1.08, a current ratio of 1.08 and a debt-to-equity ratio of 2.17. The stock has a market capitalization of $859.54 million, a price-to-earnings ratio of 12.64 and a beta of 0.62. Washington Trust Bancorp has a 52 week low of $45.93 and a 52 week high of $63.25.
The company also recently disclosed a quarterly dividend, which was paid on Friday, April 12th. Shareholders of record on Monday, April 1st were paid a $0.47 dividend. The ex-dividend date of this dividend was Friday, March 29th. This represents a $1.88 annualized dividend and a yield of 3.74%.
WASH has been the topic of a number of analyst reports. Compass Point upgraded shares of Washington Trust Bancorp from a “neutral” rating to a “buy” rating in a report on Monday. Sandler O’Neill lowered shares of Washington Trust Bancorp from a “buy” rating to a “hold” rating and set a $55.00 target price on the stock. in a report on Tuesday, January 29th. Finally, BidaskClub upgraded shares of Washington Trust Bancorp from a “strong sell” rating to a “sell” rating in a report on Tuesday, December 25th.
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About Washington Trust Bancorp
Washington Trust Bancorp, Inc operates as the bank holding company for The Washington Trust Company, of Westerly that offers various financial products and services to individuals and businesses. The company operates in two segments, Commercial Banking and Wealth Management Services. The Commercial Banking segment provides various commercial and retail lending products, which include commercial real estate loans consisting of commercial mortgages and construction loans; commercial and industrial loans; residential real estate loans; and consumer loans comprising home equity loans and lines of credit, personal installment loans, and loans to individuals secured by general aviation aircraft.
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