Washington Trust Bancorp (WASH) Scheduled to Post Quarterly Earnings on Monday
Washington Trust Bancorp (NASDAQ:WASH) will be issuing its quarterly earnings data after the market closes on Monday, October 21st. Analysts expect the company to announce earnings of $0.96 per share for the quarter. Parties that are interested in registering for the company’s conference call can do so using this link.
Washington Trust Bancorp (NASDAQ:WASH) last announced its quarterly earnings data on Monday, July 22nd. The financial services provider reported $0.99 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $1.03 by ($0.04). Washington Trust Bancorp had a net margin of 27.03% and a return on equity of 15.12%. The company had revenue of $50.61 million for the quarter, compared to the consensus estimate of $50.90 million. On average, analysts expect Washington Trust Bancorp to post $4 EPS for the current fiscal year and $4 EPS for the next fiscal year.
Shares of NASDAQ:WASH traded down $0.38 on Monday, reaching $47.58. 3,715 shares of the company traded hands, compared to its average volume of 36,579. The business’s 50-day simple moving average is $47.78 and its 200 day simple moving average is $49.66. Washington Trust Bancorp has a 52 week low of $45.21 and a 52 week high of $56.42. The stock has a market capitalization of $823.48 million, a P/E ratio of 12.11 and a beta of 0.66. The company has a current ratio of 1.10, a quick ratio of 1.09 and a debt-to-equity ratio of 2.30.
WASH has been the topic of a number of recent research reports. BidaskClub raised Washington Trust Bancorp from a “sell” rating to a “hold” rating in a research note on Tuesday, September 24th. Compass Point set a $53.00 price objective on Washington Trust Bancorp and gave the company a “buy” rating in a research note on Thursday, September 12th. ValuEngine raised Washington Trust Bancorp from a “sell” rating to a “hold” rating in a research note on Wednesday, October 2nd. Boenning Scattergood initiated coverage on Washington Trust Bancorp in a research note on Wednesday, June 26th. They set an “outperform” rating and a $55.00 price objective on the stock. Finally, Zacks Investment Research raised Washington Trust Bancorp from a “sell” rating to a “hold” rating in a research note on Saturday, September 28th. Four analysts have rated the stock with a hold rating and two have issued a buy rating to the company. The company has an average rating of “Hold” and a consensus price target of $54.33.
About Washington Trust Bancorp
Washington Trust Bancorp, Inc operates as the bank holding company for The Washington Trust Company, of Westerly that offers various financial products and services to individuals and businesses. The company operates in two segments, Commercial Banking and Wealth Management Services. The Commercial Banking segment provides various commercial and retail lending products, which include commercial real estate loans consisting of commercial mortgages and construction loans; commercial and industrial loans; residential real estate loans; and consumer loans comprising home equity loans and lines of credit, personal installment loans, and loans to individuals secured by general aviation aircraft.
Further Reading: Why investors pay attention to retained earnings
Receive News & Ratings for Washington Trust Bancorp Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Washington Trust Bancorp and related companies with MarketBeat.com's FREE daily email newsletter.