Washington Trust Bancorp, Inc. (NASDAQ:WASH) Receives Average Recommendation of “Hold” from Analysts

Posted by Brenda Bartman on Aug 23rd, 2026

Washington Trust Bancorp, Inc. (NASDAQ:WASH – Get Free Report) has received a consensus rating of “Hold” from the four analysts that are covering the stock, Marketbeat.com reports. Three equities research analysts have rated the stock with a hold recommendation and one has issued a buy recommendation on the company. The average 1-year price target among brokers that have covered the stock in the last year is $35.50.

WASH has been the subject of several recent research reports. Piper Sandler lifted their price target on Washington Trust Bancorp from $32.00 to $35.00 and gave the company a “neutral” rating in a research report on Friday, June 26th. Weiss Ratings upgraded Washington Trust Bancorp from a “buy (b-)” rating to a “buy (b)” rating in a research note on Friday, June 5th. Wall Street Zen raised Washington Trust Bancorp from a “sell” rating to a “hold” rating in a report on Sunday, July 12th. Keefe, Bruyette & Woods upped their price target on Washington Trust Bancorp from $33.00 to $36.00 and gave the company a “market perform” rating in a research report on Wednesday, July 22nd. Finally, Zacks Research raised shares of Washington Trust Bancorp from a “strong sell” rating to a “hold” rating in a report on Thursday, July 23rd.

Check Out Our Latest Analysis on WASH

Institutional Trading of Washington Trust Bancorp

Several institutional investors and hedge funds have recently bought and sold shares of WASH. BlackRock Inc. bought a new position in Washington Trust Bancorp in the 2nd quarter valued at $81,558,000. Vanguard Group Inc. increased its holdings in shares of Washington Trust Bancorp by 0.7% in the third quarter. Vanguard Group Inc. now owns 1,140,227 shares of the financial services provider’s stock worth $32,953,000 after purchasing an additional 7,641 shares during the period. Franklin Resources Inc. raised its position in shares of Washington Trust Bancorp by 13.2% in the fourth quarter. Franklin Resources Inc. now owns 634,333 shares of the financial services provider’s stock worth $18,745,000 after buying an additional 74,145 shares in the last quarter. Invesco Ltd. raised its position in shares of Washington Trust Bancorp by 3.0% in the second quarter. Invesco Ltd. now owns 304,400 shares of the financial services provider’s stock worth $8,608,000 after buying an additional 8,938 shares in the last quarter. Finally, Drexel Morgan & Co. raised its position in shares of Washington Trust Bancorp by 19.9% in the fourth quarter. Drexel Morgan & Co. now owns 300,800 shares of the financial services provider’s stock worth $8,889,000 after buying an additional 50,000 shares in the last quarter. 65.81% of the stock is currently owned by hedge funds and other institutional investors.

Washington Trust Bancorp Stock Up 0.9%

Washington Trust Bancorp stock opened at $39.71 on Friday. Washington Trust Bancorp has a 1-year low of $25.23 and a 1-year high of $40.50. The firm has a market capitalization of $757.43 million, a price-to-earnings ratio of 13.79, a P/E/G ratio of 0.90 and a beta of 0.72. The company has a current ratio of 0.97, a quick ratio of 0.97 and a debt-to-equity ratio of 0.86. The firm has a 50 day simple moving average of $37.48 and a 200 day simple moving average of $34.92.

Washington Trust Bancorp (NASDAQ:WASH – Get Free Report) last posted its 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 for the quarter, compared to the consensus estimate of $59.91 million. Washington Trust Bancorp had a return on equity of 10.18% and a net margin of 14.50%. On average, analysts predict that Washington Trust Bancorp will post 3.2 earnings per share for the current year.

Washington Trust Bancorp Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, July 10th. Investors of record on Wednesday, July 1st were paid a dividend of $0.56 per share. The ex-dividend date of this dividend was Wednesday, July 1st. This represents a $2.24 annualized dividend and a yield of 5.6%. Washington Trust Bancorp’s payout ratio is currently 77.78%.

About Washington Trust Bancorp

(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.