Washington Trust Bancorp (NASDAQ:WASH) Hits New 52-Week High – Should You Buy?

Posted by George Bondi on Aug 15th, 2026

Washington Trust Bancorp, Inc. (NASDAQ:WASH – Get Free Report) reached a new 52-week high during mid-day trading on Thursday . The company traded as high as $40.26 and last traded at $40.11, with a volume of 33502 shares. The stock had previously closed at $39.34.

Analysts Set New Price Targets

WASH has been the subject of several analyst reports. Keefe, Bruyette & Woods upped their price objective on Washington Trust Bancorp from $33.00 to $36.00 and gave the company a “market perform” rating in a research note on Wednesday, July 22nd. Weiss Ratings upgraded Washington Trust Bancorp from a “buy (b-)” rating to a “buy (b)” rating in a research note on Friday, June 5th. Zacks Research upgraded Washington Trust Bancorp from a “strong sell” rating to a “hold” rating in a research note on Thursday, July 23rd. Seaport Research Partners lowered Washington Trust Bancorp from a “buy” rating to a “neutral” rating in a report on Wednesday, July 22nd. Finally, Wall Street Zen upgraded Washington Trust Bancorp from a “sell” rating to a “hold” rating in a research note on Sunday, July 12th. One research analyst has rated the stock with a Buy rating and three have given a Hold rating to the company. According to MarketBeat.com, Washington Trust Bancorp has an average rating of “Hold” and an average target price of $35.50.

Read Our Latest Research Report on WASH

Washington Trust Bancorp Stock Performance

The company has a quick ratio of 0.97, a current ratio of 0.97 and a debt-to-equity ratio of 0.86. The company’s fifty day moving average price is $36.98 and its two-hundred day moving average price is $34.64. The firm has a market cap of $766.42 million, a PE ratio of 13.95, a P/E/G ratio of 0.92 and a beta of 0.72.

Washington Trust Bancorp (NASDAQ:WASH – Get Free Report) last posted its quarterly earnings results on Monday, July 20th. The financial services provider reported $0.83 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.77 by $0.06. The firm had revenue of $60.47 million during the quarter, compared to analysts’ expectations of $59.91 million. Washington Trust Bancorp had a net margin of 14.50% and a return on equity of 10.18%. As a group, sell-side analysts forecast that Washington Trust Bancorp, Inc. will post 3.2 earnings per share for the current fiscal year.

Washington Trust Bancorp Announces Dividend

The firm also recently announced 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 annualized dividend and a yield of 5.6%. Washington Trust Bancorp’s payout ratio is presently 77.78%.

Institutional Trading of Washington Trust Bancorp

Several hedge funds have recently modified their holdings of the business. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its stake in shares of Washington Trust Bancorp by 17.7% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 11,351 shares of the financial services provider’s stock valued at $350,000 after buying an additional 1,708 shares in the last quarter. Legal & General Group Plc lifted its holdings in Washington Trust Bancorp by 8.1% in the second quarter. Legal & General Group Plc now owns 19,312 shares of the financial services provider’s stock valued at $546,000 after acquiring an additional 1,448 shares during the period. Rhumbline Advisers lifted its holdings in Washington Trust Bancorp by 9.8% in the second quarter. Rhumbline Advisers now owns 29,957 shares of the financial services provider’s stock valued at $847,000 after acquiring an additional 2,670 shares during the period. Quantbot Technologies LP acquired a new stake in Washington Trust Bancorp in the second quarter valued at $409,000. Finally, Invesco Ltd. boosted its position in shares of Washington Trust Bancorp by 3.0% during the 2nd quarter. Invesco Ltd. now owns 304,400 shares of the financial services provider’s stock worth $8,608,000 after purchasing an additional 8,938 shares in the last quarter. 65.81% of the stock is owned by institutional investors and hedge funds.

Washington Trust Bancorp Company Profile

(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.

The company’s core business activities encompass retail and commercial banking, including checking and savings accounts, consumer and commercial loans, mortgage financing, and cash management solutions.