Washington Trust Bancorp (NASDAQ:WASH) Stock Rating Upgraded by Zacks Research

Washington Trust Bancorp (NASDAQ:WASH) was upgraded by analysts at Zacks Research from a “hold” rating to a “strong-buy” rating in a research report issued on Monday, Zacks reports.

Other research analysts also recently issued research reports about the company. Wall Street Zen upgraded Washington Trust Bancorp from a “sell” rating to a “hold” rating in a research note on Sunday, July 12th. Keefe, Bruyette & Woods boosted their price objective on Washington Trust Bancorp from $33.00 to $36.00 and gave the company a “market perform” rating in a research note on Wednesday, July 22nd. Weiss Ratings restated a “buy (b)” rating on shares of Washington Trust Bancorp in a research note on Wednesday, September 2nd. Piper Sandler upped their price objective on shares of Washington Trust Bancorp from $32.00 to $35.00 and gave the company a “neutral” rating in a report on Friday, June 26th. Finally, Seaport Research Partners lowered shares of Washington Trust Bancorp from a “buy” rating to a “neutral” rating in a research report on Wednesday, July 22nd. One analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating and two have issued a Hold rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $35.50.

Washington Trust Bancorp Price Performance

Shares of NASDAQ WASH opened at $38.11 on Monday. The stock has a fifty day simple moving average of $38.87 and a two-hundred day simple moving average of $36.26. Washington Trust Bancorp has a 1-year low of $26.52 and a 1-year high of $40.54. The firm has a market cap of $726.76 million, a price-to-earnings ratio of 11.44, a price-to-earnings-growth ratio of 0.79 and a beta of 0.73. The company has a current ratio of 0.97, a quick ratio of 0.97 and a debt-to-equity ratio of 0.86.

Washington Trust Bancorp (NASDAQ:WASH) last released its earnings results on Monday, October 19th. The financial services provider reported $1.01 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.87 by $0.14. The business had revenue of $64.96 million during the quarter, compared to the consensus estimate of $62.62 million. Washington Trust Bancorp had a return on equity of 11.67% and a net margin of 16.73%. Analysts anticipate that Washington Trust Bancorp will post 3.23 earnings per share for the current year.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in the stock. Nisa Investment Advisors LLC increased its position in shares of Washington Trust Bancorp by 21.8% during the third quarter. Nisa Investment Advisors LLC now owns 6,151 shares of the financial services provider’s stock valued at $234,000 after buying an additional 1,100 shares during the period. State of Alaska Department of Revenue purchased a new stake in shares of Washington Trust Bancorp in the third quarter worth about $27,000. GAMMA Investing LLC lifted its holdings in shares of Washington Trust Bancorp by 107.8% in the third quarter. GAMMA Investing LLC now owns 802 shares of the financial services provider’s stock worth $30,000 after buying an additional 416 shares in the last quarter. Integrated Wealth Concepts LLC purchased a new stake in shares of Washington Trust Bancorp in the second quarter worth about $121,000. Finally, Squarepoint Ops LLC bought a new position in shares of Washington Trust Bancorp in the second quarter valued at approximately $241,000. Hedge funds and other institutional investors own 65.81% of the company’s stock.

Key Washington Trust Bancorp News

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

• Positive Sentiment: Washington Trust reported third-quarter net income of $19.4 million, up 21% from the preceding quarter. Earnings per share were $1.01, well above the $0.87 analyst consensus and substantially higher than $0.56 a year earlier. Washington Trust Reports Third Quarter 2026 Results
• Positive Sentiment: Revenue reached approximately $65.0 million, exceeding the $62.6 million consensus estimate. The combination of earnings and revenue beats suggests better-than-expected operating performance and was the primary catalyst for the stock’s advance. Washington Trust Bancorp Surpasses Q3 Earnings and Revenue Estimates
• Positive Sentiment: Management highlighted margin expansion, disciplined growth and a confident earnings outlook during the quarterly call, supporting expectations for continued profitability. Washington Trust Bancorp Signals Confident Earnings Outlook
• Neutral Sentiment: Loan and deposit growth continued, but quarter-over-quarter expansion was less impressive than the earnings improvement. Investors may therefore focus on whether Washington Trust can sustain growth while preserving margins. Why Washington Trust Bancorp Stock Was a Winner Today
• Positive Sentiment: Zacks added WASH to a list of top income stocks carrying a Rank #1, reinforcing the favorable near-term sentiment around the shares.

About Washington Trust Bancorp

Washington Trust Bancorp, Inc is the holding company for The Washington Trust Company, a community bank headquartered in Westerly, Rhode Island. Founded in 1800, Washington Trust is one of the oldest continuously operating banks in the United States and serves individuals, families, businesses and institutions.

The bank provides a range of financial services, including checking and savings accounts, certificates of deposit, residential and commercial real estate lending, consumer loans, business banking and cash-management services.