For its third fiscal quarter (ending September 30), Washington Trust Bancorp Inc (NASDAQ: WASH) has reported E.P.S. of $0.64 compared to $0.65 a year ago. E.P.S. were $2.68 for the latest four quarters through September 30 versus $3.02 for the same period a year ago.
Recent Price Action
On 10/21/24, Washington Trust Bancorp Inc (NASDAQ: WASH) stock declined by -3.7%, closing at $31.89. Moreover, this decline was accompanied by above average trading volume at 132% of normal. Relative to the market the stock has been exceptionally strong over the last nine months but has declined -2.0% 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 A (Highest Rating). This rating combines complementary signals from two proprietary PTR measures of a stock’s attractiveness. Washington Trust Bancorp has a slightly positive Appreciation Score of 70 and a very high Power Rating of 87, and the Highest Value Trend Rating results.
Rating Review
In light of this new information we are reviewing our current Overall Rating of A. This review will be completed in the next several days.
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