Washington Trust Bancorp (NASDAQ:WASH) Announces Earnings Results, Beats Expectations By $0.06 EPS

Washington Trust Bancorp (NASDAQ:WASH) released its earnings results on Monday. The financial services provider reported $0.83 EPS for the quarter, topping the consensus estimate of $0.77 by $0.06, FiscalAI reports. The firm had revenue of $60.47 million during the quarter, compared to analysts’ expectations of $59.91 million. Washington Trust Bancorp had a net margin of 14.50% and a return on equity of 10.24%.

Washington Trust Bancorp Stock Up 8.1%

WASH opened at $39.28 on Wednesday. The firm has a 50 day moving average price of $34.47 and a 200 day moving average price of $33.52. The company has a market cap of $749.07 million, a PE ratio of 13.64, a price-to-earnings-growth ratio of 0.88 and a beta of 0.72. Washington Trust Bancorp has a 1 year low of $25.23 and a 1 year high of $39.85. The company has a debt-to-equity ratio of 1.09, a quick ratio of 0.98 and a current ratio of 0.99.

Washington Trust Bancorp Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, July 10th. Investors of record on Wednesday, July 1st were given a dividend of $0.56 per share. This represents a $2.24 dividend on an annualized basis and a yield of 5.7%. The ex-dividend date of this dividend was Wednesday, July 1st. Washington Trust Bancorp’s dividend payout ratio is 82.05%.

Insider Buying and Selling at Washington Trust Bancorp

In other Washington Trust Bancorp news, EVP Rolando A. Lora sold 885 shares of Washington Trust Bancorp stock in a transaction that occurred on Thursday, April 30th. The shares were sold at an average price of $31.55, for a total transaction of $27,921.75. Following the transaction, the executive vice president directly owned 11,292 shares of the company’s stock, valued at $356,262.60. The trade was a 7.27% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, CEO Edward O. Handy III acquired 3,195 shares of the firm’s stock in a transaction on Monday, April 27th. The shares were acquired at an average price of $31.32 per share, with a total value of $100,067.40. Following the completion of the purchase, the chief executive officer owned 51,442 shares of the company’s stock, valued at $1,611,163.44. This trade represents a 6.62% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. In the last three months, insiders bought 36,801 shares of company stock valued at $1,147,293. 1.30% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Washington Trust Bancorp

Several hedge funds and other institutional investors have recently made changes to their positions in the business. Virtu Financial LLC acquired a new stake in Washington Trust Bancorp in the 4th quarter valued at $368,000. Mercer Global Advisors Inc. ADV acquired a new position in shares of Washington Trust Bancorp during the fourth quarter worth about $249,000. EP Wealth Advisors LLC acquired a new position in shares of Washington Trust Bancorp during the fourth quarter worth about $484,000. Mackenzie Financial Corp purchased a new stake in shares of Washington Trust Bancorp in the fourth quarter worth about $222,000. Finally, Empowered Funds LLC purchased a new stake in shares of Washington Trust Bancorp in the fourth quarter worth about $299,000. Institutional investors and hedge funds own 65.81% of the company’s stock.

Wall Street Analysts Forecast Growth

WASH has been the topic of a number of recent analyst reports. Weiss Ratings raised Washington Trust Bancorp from a “buy (b-)” rating to a “buy (b)” rating in a research note on Friday, June 5th. Wall Street Zen raised Washington Trust Bancorp from a “sell” rating to a “hold” rating in a research report on Sunday, July 12th. Piper Sandler upped their target price on Washington Trust Bancorp from $32.00 to $35.00 and gave the company a “neutral” rating in a research note on Friday, June 26th. Finally, Zacks Research lowered Washington Trust Bancorp from a “hold” rating to a “strong sell” rating in a research note on Wednesday, May 6th. One equities research analyst has rated the stock with a Buy rating, two have given a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $34.50.

Trending Headlines about Washington Trust Bancorp

Here are the key news stories impacting Washington Trust Bancorp this week:

• Positive Sentiment: Washington Trust posted second-quarter EPS of $0.83, beating the $0.76 consensus estimate, while revenue of $60.47 million also came in ahead of expectations. Washington Trust Reports Second Quarter 2026 Results
• Positive Sentiment: Net income rose to $16.0 million, or $0.83 per diluted share, up from the prior quarter, signaling improved profitability. Washington Trust Reports Second Quarter 2026 Results
• Positive Sentiment: The bank expects 2.80% net interest margin in Q4 2026 and mid-single-digit loan growth, with institutional banking helping drive momentum. Washington Trust expects 2.80% NIM in Q4 2026 as institutional banking drives mid-single-digit loan growth
• Neutral Sentiment: Coverage around the results highlighted solid quarterly performance and growth in institutional banking and digital initiatives, but did not add materially new fundamentals beyond the earnings beat. Washington Trust Bancorp Delivers Strong Q2 Results, Drives Growth in Institutional Banking and Digital Innovation
• Neutral Sentiment: Additional earnings recaps from Yahoo Finance, MSN, and Zacks reiterated that results topped estimates, reinforcing the positive reaction in WASH. Washington Trust: Q2 Earnings Snapshot

Washington Trust Bancorp Company Profile

Washington Trust Bancorp, Inc is the bank holding company for The Washington Trust Company, a community bank headquartered in Westerly, Rhode Island. Through its subsidiary, the company operates a network of branch offices across Rhode Island and southeastern Connecticut, serving individuals, small businesses and municipalities with a full suite of financial services.

The company’s core business activities encompass retail and commercial banking, including checking and savings accounts, consumer and commercial loans, mortgage financing, and cash management solutions.