Washington Trust Bancorp (WASH) Scheduled to Release Earnings on Monday

Washington Trust Bancorp (NASDAQ:WASH) is set to release its earnings data after the market closes on Monday, October 21st. Analysts expect Washington Trust Bancorp to post earnings of $0.56 per share for the quarter. Individual 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 quarterly earnings data on Monday, July 22nd. The financial services provider reported $0.63 earnings per share for the quarter, beating the consensus estimate of $0.49 by $0.14. The firm had revenue of $102.66 million during the quarter, compared to analyst estimates of $46.06 million. Washington Trust Bancorp had a return on equity of 9.95% and a net margin of 11.51%. During the same period in the previous year, the company earned $0.66 earnings per share. On average, analysts expect Washington Trust Bancorp to post $2 EPS for the current fiscal year and $2 EPS for the next fiscal year.

Washington Trust Bancorp Price Performance

Shares of WASH opened at $33.10 on Friday. The company has a current ratio of 1.15, a quick ratio of 1.14 and a debt-to-equity ratio of 3.34. The firm has a market cap of $564.49 million, a price-to-earnings ratio of 12.23 and a beta of 0.79. Washington Trust Bancorp has a 52 week low of $21.69 and a 52 week high of $34.27. The stock has a 50 day moving average of $31.50 and a 200-day moving average of $28.58.

Washington Trust Bancorp Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, October 11th. Shareholders of record on Tuesday, October 1st were issued a dividend of $0.56 per share. The ex-dividend date was Tuesday, October 1st. This represents a $2.24 dividend on an annualized basis and a dividend yield of 6.77%. Washington Trust Bancorp’s dividend payout ratio (DPR) is 82.66%.

Washington Trust Bancorp Company Profile

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.