WASH Stock Recent News

WESTERLY, R.I. , Oct. 5, 2023 /PRNewswire/ -- Washington Trust Bancorp, Inc. (NASDAQ: WASH), the publicly owned holding company of The Washington Trust Company, will release third quarter 2023 earnings and host a conference call with the Corporation's executives as follows: Earnings Release:                        Monday, October 23, 2023, After Market Closes Conference Call:                        Tuesday, October 24, 2023, 8:30 a.m.

Washington Trust's (WASH) subsidiary agrees to settle the U.S. Department of Justice's allegations regarding violation of fair lending laws in Rhode Island between 2016 and 2021.

Market turmoil continues in 2023 due to higher interest rates and the Federal Reserve's actions to contain inflation. Dividend yields have climbed, particularly in interest rate-sensitive industries, presenting opportunities for income investors. Three undervalued high-yield stocks with reasonable valuations are Verizon Communications, Washington Trust Bancorp, and Walgreens Boots Alliance.

Washington Trust still sells at a discount. Despite a higher payout ratio than normal, WASH will continue to manage its costs and maintain its dividend. Unrealized losses in debt securities should never be realized. There should be no run on deposits as WASH is not Silicon Valley Bank.

Washington Trust Bancorp (WASH) came out with quarterly earnings of $0.66 per share, beating the Zacks Consensus Estimate of $0.58 per share. This compares to earnings of $1.14 per share a year ago.

WESTERLY, R.I. , July 10, 2023 /PRNewswire/ -- Washington Trust Bancorp, Inc. (NASDAQ: WASH), the publicly owned holding company of The Washington Trust Company, will release second quarter 2023 earnings and host a conference call with the Corporation's executives as follows: Earnings Release: Monday, July 24, 2023, After Market Closes Conference Call:                        Tuesday, July 25, 2023, 8:30 a.m.

First-quarter earnings fell, in part because of higher deposit costs. One major analyst downgraded the stock to underweight.

Washington Trust Bancorp (WASH) came out with quarterly earnings of $0.74 per share, missing the Zacks Consensus Estimate of $0.90 per share. This compares to earnings of $0.94 per share a year ago.

WESTERLY, R.I. , April 12, 2023 /PRNewswire/ -- Washington Trust Bancorp, Inc. (NASDAQ: WASH), the publicly owned holding company of The Washington Trust Company, will release first quarter 2023 earnings and host a conference call with the Corporation's executives as follows:

Washington Trust, a Rhode Island regional bank, is currently yielding 6.7%. The bank has significant paper losses in its AFS securities account, but it does not have any "hidden" losses in HTM accounts.