Washington Banking Co. Sets New 1-Year High at $18.40 (WBCO)
Washington Banking (NASDAQ:WBCO) set a new 52-week high during trading hours on Tuesday, American Banking and Market News reports. The company traded as high as $18.40 and last traded at $18.34, with a volume of 93,670 shares. The stock had previously closed at $17.99.
Several analysts have recently commented on the stock. Analysts at Wunderlich raised their price target on shares of Washington Banking from $16.00 to $25.00 in a research note to investors on Wednesday, December 4th. They now have a “buy” rating on the stock. Separately, analysts at RBC Capital raised their price target on shares of Washington Banking from $15.00 to $17.00 in a research note to investors on Friday, October 25th. They now have a “sector perform” rating on the stock. Finally, 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, October 25th. They now have a $19.66 price target on the stock, up previously from $16.89. Four analysts have rated the stock with a hold rating and three have given a buy rating to the stock. The company has a consensus rating of “Hold” and a consensus price target of $18.06.
Washington Banking has a 52-week low of $12.52 and a 52-week high of $18.47. The stock has a 50-day moving average of $17.70 and a 200-day moving average of $15.51. The company has a market cap of $286.3 million and a price-to-earnings ratio of 16.81.
Washington Banking (NASDAQ:WBCO) last posted its quarterly earnings results on Wednesday, October 23rd. The company reported $0.29 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.26 by $0.03. Analysts expect that Washington Banking will post $1.05 EPS for the current fiscal year.
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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