For its first fiscal quarter (ending March 31), Washington Trust Bancorp Inc (NASDAQ: WASH) has reported E.P.S. of $0.64 compared to $0.75 a year ago. E.P.S. were $2.71 for the latest four quarters through March 31 versus $3.94 for the same period a year ago.
Recent Price Action
On 4/22/24, Washington Trust Bancorp Inc (NASDAQ: WASH) stock rose modestly by 0.8%, closing at $25.75. Moreover, unusually high trading volume at 180% of normal accompanied the advance. The stock has been weak relative to the market over the last nine months but has risen 3.3% during the last week.
Current PriceTarget Research Rating
Reflecting future returns on capital that are forecasted to exceed the cost of capital, WASH 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 contradictory signals from two proprietary PTR measures of a stock’s attractiveness. Washington Trust Bancorp has a good Appreciation Score of 77 but a slightly negative Power Rating of 39, triggering the High Neutral Value Trend Rating.
Rating Review
In light of this new information we are reviewing our current Overall Rating of C. This review will be completed in the next several days.
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