Washington Trust Bancorp (WASH) Projected to Post Quarterly Earnings on Monday

Washington Trust Bancorp (NASDAQ:WASH) is projected to announce its earnings results before the market opens on Monday, April 21st. Analysts expect the company to announce earnings of $0.62 per share and revenue of $53.16 million for the quarter. Persons that wish to register for the company’s earnings conference call can do so using this link.

Washington Trust Bancorp (NASDAQ:WASH) last announced its earnings results on Wednesday, January 29th. The financial services provider reported $0.59 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.57 by $0.02. Washington Trust Bancorp had a negative net margin of 6.90% and a positive return on equity of 8.99%. On average, analysts expect Washington Trust Bancorp to post $3 EPS for the current fiscal year and $3 EPS for the next fiscal year.

Washington Trust Bancorp Trading Up 0.3 %

Shares of WASH opened at $27.21 on Friday. The company has a debt-to-equity ratio of 2.63, a current ratio of 1.10 and a quick ratio of 1.10. Washington Trust Bancorp has a 1-year low of $24.70 and a 1-year high of $40.59. The stock has a market cap of $524.50 million, a price-to-earnings ratio of -17.55 and a beta of 0.76. The firm has a 50 day simple moving average of $29.99 and a 200-day simple moving average of $32.57.

Washington Trust Bancorp Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, April 11th. Shareholders of record on Tuesday, April 1st were given a dividend of $0.56 per share. This represents a $2.24 annualized dividend and a yield of 8.23%. The ex-dividend date was Tuesday, April 1st. Washington Trust Bancorp’s payout ratio is -144.52%.

Analyst Upgrades and Downgrades

WASH has been the subject of several analyst reports. StockNews.com raised shares of Washington Trust Bancorp from a “sell” rating to a “hold” rating in a research note on Friday, January 31st. Seaport Res Ptn upgraded shares of Washington Trust Bancorp from a “hold” rating to a “strong-buy” rating in a research report on Friday, March 14th.

About Washington Trust Bancorp

Washington Trust Bancorp, Inc operates as the bank holding company for The Washington Trust Company, of Westerly that provides various banking and financial services to individuals and businesses. The company operates in two segments, Commercial Banking and Wealth Management Services. The Commercial Banking segment offers deposit accounts, including interest-bearing and noninterest-bearing demand deposits, NOW and savings accounts, money market and retirement deposit accounts, and time deposits; various commercial and retail lending products, such as commercial real estate loans, including commercial mortgages, and construction and development loans; commercial and industrial loans comprising working capital, equipment financing, and financing for other business-related purposes; residential real estate loans that consist of mortgage and homeowner construction loans; and consumer loans comprising home equity loans and lines of credit, personal installment loans, and loans to individuals secured by general aviation aircraft.