Washington Trust Bancorp (WASH)

• Market cap: $632M
• 1 day: 1.36%
• 5 days: 11.90%
• 1 month: -3.24%
• 3 months: -2.58%
• 6 months: 1.36%
• Year to date: 9.21%
• 1 year: 13.32%
• 5 years: -37.08%
• 10 years: -13.65%
• Sector: Financials
• Industry: State Commercial Banks

About: Washington Trust Bancorp Inc through its subsidiaries offers banking and financial services to individuals and businesses. It operates in two segments. The Commercial Banking segment includes lending activities, commercial loans, residential real estate loan deposit activities, and others. The Wealth Management Services segment consists of investment management, financial planning, personal trust, and estate services including services as trustee, personal representative, custodian and guardian, and settlement of decedents' estates. The bank generates a majority of its revenue from the Commercial Banking segment.

Employees: 665

Fund manager confidence

Based on 2024 Q3 regulatory filings by fund managers ($100M+ AUM)

7,050% more call options, than puts

Call options by funds: $715K | Put options by funds: $10K

211% more first-time investments, than exits

New positions opened: 28 | Existing positions closed: 9

19% more capital invested

Capital invested by funds: $324M [Q2] → $385M (+$60.7M) [Q3]

18% more repeat investments, than reductions

Existing positions increased: 45 | Existing positions reduced: 38

14% more funds holding

Funds holding: 123 [Q2] → 140 (+17) [Q3]

0.68% more ownership

Funds ownership: 69.3% [Q2] → 69.98% (+0.68%) [Q3]

Research analyst outlook

1 Wall Street Analyst provided 1 year price targets over the past 3 months

• Low target: $34 4% upside
• Avg. target: $34 4% upside
• High target: $34 4% upside

1 analyst rating

• positive: 0 0%
• neutral: 1 100%
• negative: 0 0%

Piper Sandler Mark Fitzgibbon 56% 1-year accuracy 9 / 16 met price target

4% upside $34

Neutral Upgraded

22 Oct 2024