Washington Trust Bancorp Inc (NASDAQ: WASH) suffers from exceptional negative changes in investment behavior: its longer term price trend turned down, and negative upside/downside volume developed.
Recent significant negative changes in fundamentals have impacted Washington Trust Bancorp Inc (NASDAQ: WASH). Negative developments: the stock’s power rating fell below 50, the consensus estimate for December, 2024 decreased significantly, and the consensus estimate for December, 2025 decreased significantly. Positive development: significant quarterly sales acceleration occurred.
In light of these highly negative signals we are reviewing our current Overall Rating of C. We would view the shares with caution pending completion of this review in the next several days.
Current PriceTarget Research Rating
WASH’s future returns on capital are forecasted to be above the cost of capital. Accordingly, the company is expected to continue to be a modest Value Builder.
Washington Trust Bancorp has a current Value Trend Rating of C (High Neutral). This rating combines inconsistent signals from two proprietary PTR measures of a stock’s attractiveness. Washington Trust Bancorp has a good Appreciation Score of 72 but a neutral Power Rating of 48, with the High Neutral Value Trend Rating the result.
Recent Price Action
Washington Trust Bancorp Inc (NASDAQ: WASH) stock closed at $25.65 on 3/4/24 after a slight decline of -0.4%. NORMAL trading volume accompanied the decline. The stock has declined -1.3% during the last week and has performed in line with the market over the last nine months.
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