On 11/6/24, Washington Trust Bancorp Inc (NASDAQ: WASH) stock enjoyed a major increase of 14.8%, closing at $39.92. Moreover, trading volume in this advance was exceptionally high at 370% of normal. The stock has risen 13.7% during the last week and has been exceptionally strong relative to the market over the last nine months.
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 68 and a very high Power Rating of 92, leading to the Highest Value Trend Rating.
Rating Review
In light of this very positive price change we are reviewing our current Overall Rating of A. This review will be completed in the next several days.
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