Washington Trust Bancorp (NASDAQ:WASH) Issues Earnings Results

Washington Trust Bancorp (NASDAQ:WASH) announced its quarterly earnings results on Monday. The financial services provider reported $0.64 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.56 by $0.08, Yahoo Finance reports. Washington Trust Bancorp had a return on equity of 9.95% and a net margin of 11.51%. The company had revenue of $103.86 million during the quarter, compared to analyst estimates of $47.32 million. During the same quarter in the previous year, the firm posted $0.65 EPS.

Washington Trust Bancorp Trading Down 3.7 %

Shares of Washington Trust Bancorp stock opened at $31.89 on Tuesday. The company has a quick ratio of 1.14, a current ratio of 1.15 and a debt-to-equity ratio of 3.34. The firm has a market cap of $544.04 million, a price-to-earnings ratio of 11.90 and a beta of 0.79. The business has a fifty day simple moving average of $31.66 and a 200-day simple moving average of $28.72. Washington Trust Bancorp has a fifty-two week low of $21.69 and a fifty-two week high of $34.27.

Washington Trust Bancorp Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, October 11th. Stockholders of record on Tuesday, October 1st were issued a $0.56 dividend. The ex-dividend date of this dividend was Tuesday, October 1st. This represents a $2.24 annualized dividend and a dividend yield of 7.02%. Washington Trust Bancorp’s dividend payout ratio (DPR) is 83.58%.

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.