WASH · NASDAQ · Banks - Regional

Washington Trust Bancorp (WASH)

Provides southern New England banking, mortgages, wealth-management, and fiduciary services.

$38.91
After hours0.00 (0.00%)
At close$38.91(−0.64%)
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Washington Trust Bancorp, Inc.WASH
Financial sector

Generates banking income from lending, deposits, mortgage banking, and treasury services, while fee-based wealth management adds investment, planning, trust, and custody work across a southern New England footprint.

Operates through Banking and Wealth Management Services. Banking combines relationship-based commercial, residential, and consumer lending; retail and commercial deposits; mortgage banking; treasury management; and digital banking. Wealth Management Services provides investment management, financial planning, personal trust and estate services, and institutional custody and fiduciary services.

Serves southern New England through branches, lending offices, and wealth offices across Rhode Island, Massachusetts, and Connecticut, while wealth relationships extend across multiple states. Local decision-making and personalized advice are paired with the breadth to connect banking, lending, investments, and fiduciary work. Earnings remain shaped by interest rates, deposit costs and funding mix, credit performance, mortgage activity, asset-market levels, and banking regulation.

Company facts

CEOEdward O. Handy III
ListedJun 8, 1987
ExchangeNASDAQ
HeadquartersWesterly, RI
CountryUnited States
Employees642
CIK0000737468
ISINUS9406101082

Market cap$746.6M
EPS (ttm)$2.88
P/E (ttm)13.60
ROE10.2%
P/B1.35
P/S1.96
Dividend yieldDiv yield5.72%
Beta0.67vs XLF 1.06

Price target$36.00−7.7%Average of 7 analysts
ConsensusHold7 of 7 analysts
Ratings

Target rangeAs of Sep 22, 2026

Latest analyst notes

DateFirmActionPriorCurrent
Jul 28, 2026Neuberger BermanTarget
Target:
Target: $37
Jul 22, 2026Seaport GlobalDowngrade
Rating: Buy
Rating: Neutral
Jun 26, 2026Piper SandlerReiterate
Rating: Target:
Rating: NeutralTarget: $35

Next report
Oct 19, 26
in 27 days
EPS estimate
$0.87
Revenue estimate
$62.8M
Fiscal quarter
Q3 FY26

EPSReportedEstimate

Jan '25Apr '25Jul '25Oct '25Jan '26Apr '26Jul '26Oct '26
Reported$0.59$0.61$0.68$0.56$0.83$0.66$0.83Pending
Estimate$0.58$0.62$0.63$0.46$0.75$0.77$0.77$0.87
Surprise+1.7%−1.6%+7.9%+21.7%+10.7%−14.3%+7.9%

RevenueReportedEstimate

Jan '25Apr '25Jul '25Oct '25Jan '26Apr '26Jul '26Oct '26
Reported$4.9M$57.9M$54.3M$56.5M$59.3M$57.8M$60.5MPending
Estimate$46.3M$54.7M$56.0M$56.4M$56.4M$58.2M$59.9M$62.8M
Surprise−89.4%+5.9%−3.1%+0.2%+5.1%−0.7%+0.9%
Estimate$0.87
ReportedDue Oct 19, 2026
Estimate$62.8M
ReportedDue Oct 19, 2026
View details

Debt to equity93.30%
Current ratio0.50%

ProfitabilityRevenueNet incomeNet margin

Q3 FY24Q4 FY24Q1 FY25Q2 FY25Q3 FY25Q4 FY25Q1 FY26Q2 FY26
Revenue$103.9M$4.9M$95.1M$95.9M$98.6M$97.3M$92.1M$93.8M
Net income$11.0M−$60.8M$12.2M$13.2M$10.8M$16.0M$12.6M$16.0M
Net margin10.6%0.0%12.8%13.8%11.0%16.4%13.7%17.0%

GrowthOperating income

Q3 FY24Q4 FY24Q1 FY25Q2 FY25Q3 FY25Q4 FY25Q1 FY26Q2 FY26
Operating income$13.8M−$80.2M$15.7M$17.1M$13.9M$20.7M$16.1M$20.3M
YoY growthTurned loss+13.8%+23.8%+0.8%Turned profit+2.5%+18.3%

Balance sheet, Jun 30, 2026Cash & short-term investments $26.4M · Total debt $516.6M · Total assets $6.55B · Shareholders' equity $553.5M

Revenue
$93.8M
Operating income
$20.3M
Net income
$16.0M
View details

Dividend yield
5.72%
Next ex-date
Oct 1, 26
in 9 days
Annual dividend
$2.24
per share
Schedule
Quarterly
4 payments a year

HistoryDividendAnnual yieldUpcoming

Jan '25Apr '25Jul '25Oct '25Jan '26Apr '26Jul '26Oct '26
Dividend$0.56$0.56$0.56$0.56$0.56$0.56$0.56$0.56
Annual yield7.45%7.50%7.80%7.92%7.77%6.70%6.13%5.76%
Ex-dateJan 2Apr 1Jul 1Oct 1Jan 2Apr 1Jul 1Oct 1
Payment dateJan 15Apr 11Jul 11Oct 10Jan 14Apr 10Jul 10Oct 9
View details

Institutions≈ 74.72%14.25M shares
182 holders · as of Jun 30, 2026 · largest filers plus last quarter's tail
Insiders20.79%3.96M shares
2 holders · as of Feb 13, 2018
Strategic holders5.11%974.2K shares
1 holder · as of Apr 29, 2026
Adds to100.62%

19.07M company shares as of Sep 22, 2026 · institutions as of Jun 30, 2026 · holders as of their latest filing

This quarter's institutional total failed a plausibility check; shown: the largest filers plus last quarter's remainder.

These groups come from separate filings that can overlap, so they add to 100.62%; nothing is left for Other.

Top shareholders13F · 13D/G · Form 4

HolderStakeSharesDate
BlackRock, Inc.Institution
11.72%2.24Mas of Jun 30, 2026
Jean M. WallaceInsider
10.40%1.98Mfiled Feb 13, 2018
David W. WallaceInsider
10.39%1.98Mfiled Feb 9, 2017
FMR LLCInstitution
5.25%1.00Mas of Jun 30, 2026
BlackRock Portfolio Management LLCStrategic
5.11%974,240filed Apr 29, 2026

Insider tradesForm 4

Nothing filed in the last 12 months.

View details

CompareAfter hours

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Washington Trust Bancorp$38.910.00%$746.6M13.611.42.0+11.4%
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Median14.611.12.1+12.1%