Washington Trust Bancorp (WASH) to Release Quarterly Earnings on Tuesday
Washington Trust Bancorp (NASDAQ:WASH) is scheduled to announce its earnings results after the market closes on Tuesday, January 23rd. Analysts expect the company to announce earnings of $0.75 per share for the quarter.
Washington Trust Bancorp (NASDAQ:WASH) last posted its quarterly earnings data on Monday, October 23rd. The financial services provider reported $0.75 earnings per share for the quarter, topping the consensus estimate of $0.74 by $0.01. The firm had revenue of $47.34 million for the quarter. Washington Trust Bancorp had a net margin of 23.63% and a return on equity of 12.44%.
Shares of Washington Trust Bancorp (NASDAQ WASH) opened at $55.70 on Tuesday. The stock has a market cap of $959.20, a price-to-earnings ratio of 19.27 and a beta of 0.75. Washington Trust Bancorp has a 52 week low of $47.00 and a 52 week high of $59.10. The company has a debt-to-equity ratio of 2.02, a quick ratio of 1.09 and a current ratio of 1.09.
In related news, Director Victor J. Orsinger II sold 1,000 shares of Washington Trust Bancorp stock in a transaction on Friday, November 10th. The shares were sold at an average price of $53.23, for a total value of $53,230.00. Following the completion of the sale, the director now owns 2,230 shares of the company’s stock, valued at approximately $118,702.90. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Katherine W. Hoxsie sold 2,000 shares of Washington Trust Bancorp stock in a transaction on Thursday, October 26th. The shares were sold at an average price of $56.31, for a total transaction of $112,620.00. Following the completion of the sale, the director now directly owns 24,892 shares of the company’s stock, valued at approximately $1,401,668.52. The disclosure for this sale can be found here. Insiders have sold a total of 11,451 shares of company stock valued at $633,870 in the last three months. Company insiders own 2.58% of the company’s stock.
A number of equities research analysts have issued reports on WASH shares. Compass Point lowered shares of Washington Trust Bancorp from a “buy” rating to a “neutral” rating in a research note on Tuesday, October 24th. BidaskClub lowered shares of Washington Trust Bancorp from a “hold” rating to a “sell” rating in a research note on Saturday, December 9th.
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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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