WASH Stock Recent News

While the top- and bottom-line numbers for Washington Trust (WASH) give a sense of how the business performed in the quarter ended March 2024, it could be worth looking at how some of its key metrics compare to Wall Street estimates and year-ago values.

Looking beyond Wall Street's top -and-bottom-line estimate forecasts for Washington Trust (WASH), delve into some of its key metrics to gain a deeper insight into the company's potential performance for the quarter ended March 2024.

Washington Trust Bancorp's shares have achieved a 16.1% upside since October 2023, falling a bit short of the S&P 500. The bank experienced a decline in deposits in the final quarter of 2023, but loans and securities value increased. The institution's earnings and assets are average compared to similar companies, suggesting that shares are undervalued and warranting a 'buy' rating when factoring in current valuation.

Washington Trust Bancorp, Inc. (WASH) Q4 2023 Earnings Call Transcript

The headline numbers for Washington Trust (WASH) give insight into how the company performed in the quarter ended December 2023, but it may be worthwhile to compare some of its key metrics to Wall Street estimates and the year-ago actuals.

Washington Trust Bancorp (WASH) came out with quarterly earnings of $0.76 per share, beating the Zacks Consensus Estimate of $0.54 per share. This compares to earnings of $0.95 per share a year ago.

Get a deeper insight into the potential performance of Washington Trust (WASH) for the quarter ended December 2023 by going beyond Wall Street's top -and-bottom-line estimates and examining the estimates for some of its key metrics.

WESTERLY, R.I., Jan. 12, 2024 /PRNewswire/ -- Washington Trust Bancorp, Inc. (NASDAQ: WASH), the publicly owned holding company of The Washington Trust Company, will release fourth quarter 2023 earnings and host a conference call with the Corporation's executives as follows: Earnings Release: Wednesday, January 24, 2024, After Market Closes Conference Call:  Thursday, January 25, 2024, 8:30 a.m.

Shares of Washington Trust Bancorp dropped nearly 10% after Q3 financial results before falling further after that, presenting a buying opportunity. The bank has shown growth in deposits and loans, with minimal exposure to high-risk assets. Despite challenges with interest rates, the bank's valuation is attractive, making it an interesting prospect for investors.

Washington Trust Bancorp (WASH) came out with quarterly earnings of $0.65 per share, beating the Zacks Consensus Estimate of $0.56 per share. This compares to earnings of $1.08 per share a year ago.