Washington Trust Bancorp (NASDAQ:WASH) Releases Earnings Results, Beats Expectations By $0.07 EPS

Washington Trust Bancorp (NASDAQ:WASH) released its earnings results on Tuesday, January 30th. The financial services provider reported $0.82 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.75 by $0.07, Yahoo Finance reports. The firm had revenue of $47.10 million during the quarter. Washington Trust Bancorp had a return on equity of 12.82% and a net margin of 21.38%.

Shares of Washington Trust Bancorp (NASDAQ:WASH) traded up $0.90 during trading on Thursday, hitting $53.10. The stock had a trading volume of 29,200 shares, compared to its average volume of 42,148. Washington Trust Bancorp has a 12-month low of $47.00 and a 12-month high of $59.10. The company has a current ratio of 1.09, a quick ratio of 1.09 and a debt-to-equity ratio of 2.02. The stock has a market cap of $899.25, a PE ratio of 20.04 and a beta of 0.75.

Several equities analysts have weighed in on the company. BidaskClub upgraded Washington Trust Bancorp from a “sell” rating to a “hold” rating in a report on Monday, February 5th. Compass Point upgraded Washington Trust Bancorp from a “neutral” rating to a “buy” rating in a report on Monday, December 18th.

In related news, Director John F. Treanor sold 5,500 shares of the firm’s stock in a transaction that occurred on Monday, December 4th. The stock was sold at an average price of $55.94, for a total transaction of $307,670.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 2.58% of the stock is currently owned by company insiders.

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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.

Earnings History for Washington Trust Bancorp (NASDAQ:WASH)

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