Washington Banking Co. Hits New 52-Week High at $17.66 (WBCO)
Shares of Washington Banking (NASDAQ:WBCO) hit a new 52-week high during trading on Thursday, Analyst Ratings Network reports. The stock traded as high as $17.66 and last traded at $17.01, with a volume of 955,318 shares trading hands. The stock had previously closed at $14.25.
WBCO has been the subject of a number of recent research reports. Analysts at Zacks upgraded shares of Washington Banking from an “underperform” rating to a “neutral” rating in a research note to investors on Tuesday, October 15th. They now have a $14.70 price target on the stock. Finally, analysts at Sandler O’Neill raised their price target on shares of Washington Banking from $16.00 to $17.00 in a research note to investors on Tuesday, July 30th. They now have a “buy” rating on the stock.
Washington Banking has a 1-year low of $12.52 and a 1-year high of $15.65. The stock’s 50-day moving average is $14.25 and its 200-day moving average is $14.04. The company has a market cap of $264.0 million and a price-to-earnings ratio of 13.19.
Washington Banking (NASDAQ:WBCO) last posted its quarterly earnings results on Wednesday, October 23rd. The company reported $0.29 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.26 by $0.03.
The company also recently announced a quarterly dividend, which is scheduled for Tuesday, November 19th. Investors of record on Monday, November 4th will be paid a dividend of $0.15 per share. This represents a $0.58 annualized dividend and a dividend yield of 3.41%. The ex-dividend date is Thursday, October 31st. This is an increase from Washington Banking’s previous quarterly dividend of $0.09.
Washington Banking Company is a bank holding company. The Company’s primary business is conducted by its wholly owned subsidiary, Whidbey Island Bank (NASDAQ:WBCO).
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