Washington Trust Bancorp Inc (NASDAQ: WASH) has reported E.P.S. of $0.63 for its second fiscal quarter (ending June 30) versus $0.66 for the same period a year ago — a decline of -5%. Relative to the consensus estimate of $0.49, this was a premium of $0.14. For the latest four quarters through June 30, E.P.S. were $2.69 compared to $3.45 a year ago — a decline of -22%.
Recent Price Action
On 7/22/24, Washington Trust Bancorp Inc (NASDAQ: WASH) stock rose modestly by 0.5%, closing at $31.13. Trading volume in this advance was normal. Relative to the market the stock has been weak over the last nine months but has risen 9.1% during the last week.
Current PriceTarget Research Rating
WASH is expected to continue to be a modest Value Builder reflecting capital returns that are forecasted to be above the cost of capital.
Washington Trust Bancorp has a current Value Trend Rating of C (Neutral). The Value Trend Rating reflects contradictory signals from PTR’s two proprietary measures of a stock’s attractiveness. Washington Trust Bancorp has a slightly positive Appreciation Score of 70 but a slightly negative Power Rating of 30, with the Neutral Value Trend Rating the result.
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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