Washington Banking Price Target Increased to $17.00 by Analysts at RBC Capital (WBCO)
Stock analysts at RBC Capital raised their price target on shares of Washington Banking (NASDAQ:WBCO) from $15.00 to $17.00 in a report issued on Friday, American Banking News reports. The firm currently has a “sector perform” rating on the stock.
Several other analysts have also recently commented on the stock. Analysts at DA Davidson upgraded shares of Washington Banking from a “neutral” rating to a “buy” rating in a research note to investors on Friday. They now have a $19.66 price target on the stock, up previously from $16.89. Finally, 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. Four research analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. Washington Banking currently has an average rating of “Hold” and a consensus target price of $16.67.
Shares of Washington Banking (NASDAQ:WBCO) remained flat at $17.00 during during mid-day trading trading on Friday. The stock had a trading volume of 268,068 shares. Washington Banking has a 52-week low of $12.52 and a 52-week 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 P/E ratio of 15.74.
Washington Banking (NASDAQ:WBCO) last released its earnings data 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).
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.