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

Washington Trust Bancorp (NASDAQ:WASH) is projected to release its earnings data before the market opens on Monday, April 21st. Analysts expect Washington Trust Bancorp to post earnings of $0.62 per share and revenue of $53.16 million for the quarter. Persons interested in registering 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 for the quarter, beating the consensus estimate of $0.57 by $0.02. Washington Trust Bancorp had a positive return on equity of 8.99% and a negative net margin of 6.90%. 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 Price Performance

Washington Trust Bancorp stock opened at $27.21 on Friday. The business has a 50 day simple moving average of $29.99 and a 200-day simple moving average of $32.57. Washington Trust Bancorp has a 12 month low of $24.70 and a 12 month high of $40.59. The company has a debt-to-equity ratio of 2.63, a current ratio of 1.10 and a quick ratio of 1.10. The stock has a market capitalization of $524.50 million, a PE ratio of -17.55 and a beta of 0.76.

Washington Trust Bancorp Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, April 11th. Stockholders of record on Tuesday, April 1st were paid a $0.56 dividend. This represents a $2.24 annualized dividend and a dividend yield of 8.23%. The ex-dividend date of this dividend was Tuesday, April 1st. Washington Trust Bancorp’s dividend payout ratio (DPR) is presently -144.52%.

Analyst Upgrades and Downgrades

Several research analysts recently issued reports on the stock. Seaport Res Ptn raised shares of Washington Trust Bancorp from a “hold” rating to a “strong-buy” rating in a report on Friday, March 14th. StockNews.com raised Washington Trust Bancorp from a “sell” rating to a “hold” rating in a research note on Friday, January 31st.

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.