$37.41
2.21% day before yesterday
Nasdaq, Nov 22, 10:00 pm CET
ISIN
US9406101082
Symbol
WASH
Sector
Industry

Washington Trust Bancorp, Inc. Target price 2024 - Analyst rating & recommendation

Washington Trust Bancorp, Inc. Classifications & Recommendation:

Hold
100%

Washington Trust Bancorp, Inc. Price Target

Target Price $33.50
Price $37.41
Deviation
Number of Estimates 2
2 Analysts have issued a price target Washington Trust Bancorp, Inc. 2025 . The average Washington Trust Bancorp, Inc. target price is $33.50. This is lower than the current stock price. The highest price target is , the lowest is .
A rating was issued by 3 analysts: 0 Analysts recommend Washington Trust Bancorp, Inc. to buy, 3 to hold and 0 to sell.
Analysts don't have a crystal ball either, but they do represent the opinion of the market quite well. You should not take the price potential and the ratings as a recommendation to act. Rather, they serve as an additional building block for your own opinion or stock analysis.
Analyst Estimates: Analysts believe that the Washington Trust Bancorp, Inc. stock has an average upside potential 2025 of . Most analysts recommend the Washington Trust Bancorp, Inc. stock at Hold.

Sales and Margin forecast 2024, 2025 & 2026

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Quarter Annually
Dec '23 2024
Estimates
Revenue Million $ 363.41 190.99
42.90% 47.45%
Net Margin 13.24% 22.21%
51.99% 67.77%

1 Analyst has issued a sales forecast Washington Trust Bancorp, Inc. 2024 . The average Washington Trust Bancorp, Inc. sales estimate is

$191m
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. This is
52.87% lower
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than the revenue of the last 12 months(TTM). The highest sales forecast is
$191m 52.87%
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, the lowest is
$191m 52.87%
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.

This results in the following potential growth metrics:

Revenue Estimates

2023 $363m 42.90%
2024
$191m 47.45%
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2025
$202m 5.52%
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2026
$216m 7.04%
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3 Washington Trust Bancorp, Inc. Analysts have issued a net profit forecast 2024. The average Washington Trust Bancorp, Inc. net profit estimate is

$42.4m
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. This is
6.87% lower
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than the net profit for the last 12 months(TTM). The highest net profit forecast is
$43.2m 5.25%
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, the lowest is
$41.8m 8.23%
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.

This results in the following potential growth metrics and future Net Margins:

Net Profit Estimates

2023 $48.1m 31.39%
2024
$42.4m 11.83%
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2025
$44.3m 4.43%
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2026
$51.2m 15.53%
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Net Margin

2023 13.24% 51.99%
2024
22.21% 67.77%
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2025
21.98% 1.04%
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2026
23.72% 7.92%
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Earnings per share, P/E ratio and EV/sales Estimates 2024, 2025 & 2026

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Quarter Annually
Dec '23 2024
Estimates
Earnings Per Share $ 2.82 2.49
31.39% 11.70%
P/E 15.04
EV/Sales 9.34

3 Analysts have issued a Washington Trust Bancorp, Inc. forecast for earnings per share. The average Washington Trust Bancorp, Inc. <a href=https://blog.stocksguide.com/knowledge/eps-simply-explained>EPS is

$2.49
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. This is
6.74% lower
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than earnings per share in the financial year 2023. The highest <a href=https://blog.stocksguide.com/knowledge/eps-simply-explained>EPS forecast is
$2.53 5.24%
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, the lowest is
$2.45 8.24%
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.

This results in the following potential growth metrics and future valuations:

Earnings Per Share

2023 $2.82 31.39%
2024
$2.49 11.70%
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2025
$2.60 4.42%
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2026
$3.00 15.38%
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P/E ratio

Current 14.02 55.78%
2024
15.04 7.28%
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2025
14.41 4.19%
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2026
12.47 13.46%
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Based on analysts' sales estimates for 2024, the Washington Trust Bancorp, Inc. stock is valued at an <a href=https://blog.stocksguide.com/knowledge/enterprise-value-sales-simply-explained>EV/Sales of

and an <a href=https://blog.stocksguide.com/knowledge/price-sales-ratio-simply-explained>P/S ratio of .

This results in the following potential growth metrics and future valuations:

EV/Sales

Current 4.40 1.79%
2024
9.34 112.34%
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2025
8.85 5.24%
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2026
8.27 6.58%
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P/S ratio

Current 1.58 16.27%
2024
3.34 112.19%
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2025
3.17 5.24%
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2026
2.96 6.58%
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