Washington Trust Bancorp (NASDAQ:WASH) Price Target Raised to $36.00

25 Jul 2026, 02:48 by Scott Moore · The Cerbat Gem

Washington Trust Bancorp (NASDAQ:WASH – Free Report) had its price target raised by Keefe, Bruyette & Woods from $33.00 to $36.00 in a research report report published on Wednesday,Benzinga reports. Keefe, Bruyette & Woods currently has a market perform rating on the financial services provider’s stock.

WASH has been the subject of a number of other reports. Weiss Ratings raised shares of Washington Trust Bancorp from a “buy (b-)” rating to a “buy (b)” rating in a report on Friday, June 5th. Zacks Research downgraded shares of Washington Trust Bancorp from a “hold” rating to a “strong sell” rating in a report on Wednesday, May 6th. Seaport Research Partners downgraded shares of Washington Trust Bancorp from a “buy” rating to a “neutral” rating in a report on Wednesday. Piper Sandler increased their price target 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, Wall Street Zen upgraded Washington Trust Bancorp from a “sell” rating to a “hold” rating in a report on Sunday, July 12th. One research analyst has rated the stock with a Buy rating, two have given a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, Washington Trust Bancorp presently has a consensus rating of “Hold” and an average target price of $35.50.

Read Our Latest Research Report on Washington Trust Bancorp

Washington Trust Bancorp Stock Performance

Shares of WASH opened at $38.39 on Wednesday. The business has a 50-day simple moving average of $34.88 and a two-hundred day simple moving average of $33.68. The company has a quick ratio of 0.98, a current ratio of 0.99 and a debt-to-equity ratio of 1.09. Washington Trust Bancorp has a 52 week low of $25.23 and a 52 week high of $39.85. The stock has a market cap of $732.10 million, a price-to-earnings ratio of 13.33, a PEG ratio of 0.89 and a beta of 0.72.

Washington Trust Bancorp (NASDAQ:WASH – Get Free Report) last posted its quarterly earnings data on Monday, July 20th. The financial services provider reported $0.83 earnings per share for the quarter, beating analysts’ consensus estimates of $0.77 by $0.06. The firm had revenue of $60.47 million for the quarter, compared to analysts’ expectations of $59.91 million. Washington Trust Bancorp had a return on equity of 10.24% and a net margin of 14.50%. On average, analysts expect that Washington Trust Bancorp will post 3.15 EPS for the current year.

Washington Trust Bancorp Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, July 10th. Shareholders of record on Wednesday, July 1st were given a dividend of $0.56 per share. The ex-dividend date was Wednesday, July 1st. This represents a $2.24 dividend on an annualized basis and a yield of 5.8%. Washington Trust Bancorp’s payout ratio is 77.78%.

Insider Buying and Selling at Washington Trust Bancorp

In related news, EVP Rolando A. Lora sold 885 shares of Washington Trust Bancorp stock in a transaction dated Thursday, April 30th. The shares were sold at an average price of $31.55, for a total transaction of $27,921.75. Following the completion of the transaction, the executive vice president directly owned 11,292 shares of the company’s stock, valued at approximately $356,262.60. The trade was a 7.27% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Edward O. Handy III purchased 3,195 shares of the company’s stock in a transaction that occurred on Monday, April 27th. The shares were purchased at an average cost 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 in the company, valued at $1,611,163.44. This trade represents a 6.62% increase in their position. The disclosure for this purchase is available in the SEC filing. Corporate insiders own 1.30% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in WASH. Hennion & Walsh Asset Management Inc. lifted its holdings in Washington Trust Bancorp by 8.8% during the 2nd quarter. Hennion & Walsh Asset Management Inc. now owns 9,168 shares of the financial services provider’s stock valued at $334,000 after buying an additional 740 shares in the last quarter. Rockland Trust Co. boosted its holdings in shares of Washington Trust Bancorp by 3.0% in the second quarter. Rockland Trust Co. now owns 26,527 shares of the financial services provider’s stock valued at $968,000 after purchasing an additional 770 shares during the period. Bank of America Corp DE grew its stake in Washington Trust Bancorp by 35.5% in the first quarter. Bank of America Corp DE now owns 103,355 shares of the financial services provider’s stock worth $3,458,000 after purchasing an additional 27,080 shares in the last quarter. Amundi purchased a new position in Washington Trust Bancorp during the 1st quarter worth $204,000. Finally, Empowered Funds LLC increased its holdings in Washington Trust Bancorp by 556.6% during the 1st quarter. Empowered Funds LLC now owns 67,628 shares of the financial services provider’s stock worth $2,225,000 after purchasing an additional 57,329 shares during the period. 65.81% of the stock is currently owned by institutional investors.

About Washington Trust Bancorp

(Get Free Report)

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.