Washington Trust Bancorp, Inc. Stock News

Washington Trust Bancorp's Q3 2024 results beat EPS and revenue estimates, leading to an 8.06% stock price increase due to improved balance sheet management and deposit growth. Despite recent stock price gains, WASH's Price/TBV ratio remains low, suggesting further upside potential, warranting an upgrade from hold to buy. The loan-to-deposit ratio improved from 113% to 106%, and total loans dec...

Washington Trust Bancorp, Inc. (NASDAQ:WASH ) Q3 2024 Earnings Conference Call October 22, 2024 8:30 AM ET Company Participants Ned Handy - Chairman, Chief Executive Officer Mary Noons - President, Chief Operating Officer Ron Ohsberg - Senior Executive Vice President, Chief Financial Officer, Treasurer Bill Wray - Senior Executive Vice President, Chief Risk Officer Sharon Walsh - Vice President...

WESTERLY, R.I. , Oct. 21, 2024 /PRNewswire/ -- Washington Trust Bancorp, Inc. (Nasdaq: WASH), parent company of The Washington Trust Company, today announced third quarter 2024 net income of $11.0 million, or $0.64 per diluted share, compared to net income of $10.8 million, or $0.63 per diluted share, for the second quarter of 2024.

WESTERLY, R.I., Oct. 8, 2024 /PRNewswire/ -- Washington Trust Bancorp, Inc. (NASDAQ: WASH), the publicly-owned holding company of The Washington Trust Company, will release third quarter 2024 earnings and host a conference call with the Corporation's executives as follows: Earnings Release:  Monday, October 21, 2024, After Market Closes Conference Call:  Tuesday, October 22, 2024, 8:30 a.m.

WESTERLY, R.I. , Sept. 19, 2024 /PRNewswire/ -- The Board of Directors of Washington Trust Bancorp, Inc., (NASDAQ: WASH), today declared a quarterly dividend of 56 cents per share for the quarter ending September 30, 2024.

The haters are out in full force. Wall Street “pros” are downright disgusted with high-yield stocks. Here at Contrarian Outlook, this pessimism warms our heart. With no analysts left to slap a Sell rating on these names, the future is filled with upgrades.

Dividend companies are valuable during market downturns, but sustainability is crucial; Washington Trust Bancorp has a 7.78% dividend yield. WASH's dividend growth has been slow due to declining net interest income, potential bear market could impact sustainability, and increased capital ratios may affect dividends. WASH's revenue sources are cyclical, with wealth management and mortgage bankin...

Washington Trust Bancorp, Inc. (NASDAQ:WASH ) Q2 2024 Earnings Conference Call July 23, 2024 8:30 AM ET Company Participants Elizabeth Eckel - EVP, Chief Marketing & Corporate Communications Officer Ned Handy - Chairman & CEO Ron Ohsberg - Senior EVP, CFO & Treasurer Mary Noons - President & COO Bill Wray - Senior EVP & CRO Conference Call Participants Mark Fitzgibbon - Piper Sandler Damon DelM...