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Washington Banking (NASDAQ:WBCO) declared a quarterly dividend on Thursday, January 30th, American Banking News.com reports. Shareholders of record on Monday, February 10th will be given a dividend of 0.08 per share on Wednesday, February 26th. This represents a $0.32 dividend on an annualized basis and a yield of 1.79%.

On a related note, 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. Four analysts have rated the stock with a hold rating and three have issued a buy rating to the company. The stock has a consensus rating of “Hold” and a consensus target price of $18.06.

Shares of Washington Banking (NASDAQ:WBCO) traded down 0.39% during mid-day trading on Thursday, hitting $17.83. The stock had a trading volume of 34,130 shares. Washington Banking has a 1-year low of $12.52 and a 1-year high of $19.10. The stock has a 50-day moving average of $18.11 and a 200-day moving average of $15.9. The company has a market cap of $277.0 million and a P/E ratio of 16.73.

Washington Banking (NASDAQ:WBCO) last released its earnings data on Thursday, January 30th. The company reported $0.16 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.26 by $0.10. On average, analysts predict that Washington Banking will post $1.05 earnings per share 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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