Washington Trust Bancorp (NASDAQ:WASH) Shares Gap Up After Better-Than-Expected Earnings

Posted by Geri Gentry on Oct 20th, 2026

Washington Trust Bancorp, Inc. (NASDAQ:WASH – Get Free Report) gapped up prior to trading on Tuesday after the company announced better than expected quarterly earnings. The stock had previously closed at $36.59, but opened at $38.00. Washington Trust Bancorp shares last traded at $38.66, with a volume of 39,837 shares trading hands.

The financial services provider reported $1.01 EPS for the quarter, beating the consensus estimate of $0.87 by $0.14. The firm had revenue of $64.96 million for the quarter, compared to analyst estimates of $62.62 million. Washington Trust Bancorp had a net margin of 14.50% and a return on equity of 10.18%.

Washington Trust Bancorp Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, October 9th. Stockholders of record on Thursday, October 1st were paid a $0.56 dividend. This represents a $2.24 annualized dividend and a dividend yield of 5.8%. The ex-dividend date was Thursday, October 1st. Washington Trust Bancorp’s dividend payout ratio (DPR) is presently 77.78%.

Analyst Ratings Changes

Several brokerages have issued reports on WASH. Weiss Ratings reissued a “buy (b)” rating on shares of Washington Trust Bancorp in a research report on Wednesday, September 2nd. Piper Sandler lifted their price objective on shares of Washington Trust Bancorp from $32.00 to $35.00 and gave the company a “neutral” rating in a research note on Friday, June 26th. Zacks Research raised shares of Washington Trust Bancorp from a “strong sell” rating to a “hold” rating in a report on Thursday, July 23rd. Keefe, Bruyette & Woods increased their target price on shares of Washington Trust Bancorp from $33.00 to $36.00 and gave the stock a “market perform” rating in a research note on Wednesday, July 22nd. Finally, Seaport Research Partners lowered Washington Trust Bancorp from a “buy” rating to a “neutral” rating in a report on Wednesday, July 22nd. One analyst has rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and an average target price of $35.50.

View Our Latest Stock Analysis on WASH

Hedge Funds Weigh In On Washington Trust Bancorp

A number of hedge funds and other institutional investors have recently bought and sold shares of the company. State of Alaska Department of Revenue acquired a new position in Washington Trust Bancorp in the 3rd quarter valued at $27,000. GAMMA Investing LLC lifted its stake in shares of Washington Trust Bancorp by 107.8% in the 3rd quarter. GAMMA Investing LLC now owns 802 shares of the financial services provider’s stock worth $30,000 after acquiring an additional 416 shares during the period. Allworth Financial LP acquired a new stake in shares of Washington Trust Bancorp in the 2nd quarter worth $50,000. State of Wyoming purchased a new stake in shares of Washington Trust Bancorp in the first quarter valued at about $70,000. Finally, Integrated Wealth Concepts LLC purchased a new stake in shares of Washington Trust Bancorp in the second quarter valued at about $121,000. 65.81% of the stock is currently owned by hedge funds and other institutional investors.

Washington Trust Bancorp Trading Up 5.5%

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 $38.89 and its two-hundred day moving average price is $36.23. The firm has a market cap of $736.12 million, a PE ratio of 13.41, a P/E/G ratio of 0.80 and a beta of 0.73.

About Washington Trust Bancorp

(Get Free Report)

Washington Trust Bancorp, Inc is the holding company for The Washington Trust Company, a community bank headquartered in Westerly, Rhode Island. Founded in 1800, Washington Trust is one of the oldest continuously operating banks in the United States and serves individuals, families, businesses and institutions.

The bank provides a range of financial services, including checking and savings accounts, certificates of deposit, residential and commercial real estate lending, consumer loans, business banking and cash-management services.