Washington Trust Bancorp, Inc. (WASH) Scheduled to Post Earnings on Monday
Washington Trust Bancorp, Inc. (NASDAQ:WASH) is scheduled to be posting its quarterly earnings results after the market closes on Monday, July 24th. Analysts expect Washington Trust Bancorp to post earnings of $0.70 per share for the quarter.
Washington Trust Bancorp (NASDAQ:WASH) last issued its quarterly earnings results on Monday, April 24th. The financial services provider reported $0.68 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.70 by $0.02. The company had revenue of $43.19 million during the quarter. Washington Trust Bancorp had a return on equity of 12.02% and a net margin of 23.49%. On average, analysts expect Washington Trust Bancorp to post $0 EPS for the current fiscal year and $0 EPS for the next fiscal year.
Shares of Washington Trust Bancorp, Inc. (NASDAQ WASH) opened at 51.10 on Monday. The company has a 50-day moving average price of $49.63 and a 200-day moving average price of $52.05. The company has a market capitalization of $879.23 million, a P/E ratio of 18.65 and a beta of 0.72. Washington Trust Bancorp, Inc. has a 12 month low of $36.42 and a 12 month high of $58.30.
The business also recently disclosed a quarterly dividend, which was paid on Friday, July 14th. Shareholders of record on Monday, July 3rd were given a dividend of $0.38 per share. The ex-dividend date of this dividend was Thursday, June 29th. This represents a $1.52 dividend on an annualized basis and a yield of 2.97%. Washington Trust Bancorp’s payout ratio is 55.47%.
In other news, Chairman Joseph J. Marcaurele sold 5,000 shares of the firm’s stock in a transaction that occurred on Wednesday, April 26th. The stock was sold at an average price of $52.10, for a total value of $260,500.00. Following the completion of the sale, the chairman now directly owns 62,455 shares of the company’s stock, valued at approximately $3,253,905.50. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Insiders sold a total of 5,895 shares of company stock valued at $304,382 over the last three months. Insiders own 2.58% of the company’s stock.
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Separately, Keefe, Bruyette & Woods reaffirmed a “hold” rating and set a $55.00 price objective on shares of Washington Trust Bancorp in a research report on Monday, April 10th.
Washington Trust Bancorp Company Profile
Washington Trust Bancorp, Inc is a bank holding company and financial holding company. The Company is a holding company of The Washington Trust Company, of Westerly (the Bank), a Rhode Island chartered commercial bank. The Company operates through two business segments: Commercial Banking and Wealth Management Services.
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