Washington Trust Bancorp (NASDAQ:WASH) Upgraded at Zacks Research

Washington Trust Bancorp (NASDAQ:WASH) was upgraded by stock analysts at Zacks Research from a “hold” rating to a “strong-buy” rating in a research report issued to clients and investors on Monday, Zacks reports.

A number of other brokerages have also commented on WASH. Keefe, Bruyette & Woods boosted their price objective on Washington Trust Bancorp from $33.00 to $36.00 and gave the stock a “market perform” rating in a report on Wednesday, July 22nd. Weiss Ratings restated a “buy (b)” rating on shares of Washington Trust Bancorp in a report on Wednesday, September 2nd. Wall Street Zen upgraded Washington Trust Bancorp from a “sell” rating to a “hold” rating in a report on Sunday, July 12th. Seaport Research Partners cut Washington Trust Bancorp from a “buy” rating to a “neutral” rating in a research report on Wednesday, July 22nd. Finally, Piper Sandler upped their price target on Washington Trust Bancorp from $32.00 to $35.00 and gave the stock a “neutral” rating in a report on Friday, June 26th. One analyst has rated the stock with a Strong Buy rating, one has given a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $35.50.

Washington Trust Bancorp Stock Up 4.2%

Shares of NASDAQ WASH opened at $38.11 on Monday. The stock has a market capitalization of $726.76 million, a P/E ratio of 11.44, a P/E/G ratio of 0.79 and a beta of 0.73. The company has a 50-day moving average price of $38.87 and a 200-day moving average price of $36.26. Washington Trust Bancorp has a 1 year low of $26.52 and a 1 year high of $40.54. The company has a debt-to-equity ratio of 0.86, a current ratio of 0.97 and a quick ratio of 0.97.

Washington Trust Bancorp (NASDAQ:WASH) last posted its earnings results on Monday, October 19th. The financial services provider reported $1.01 EPS for the quarter, topping the consensus estimate of $0.87 by $0.14. Washington Trust Bancorp had a net margin of 16.73% and a return on equity of 11.67%. The company had revenue of $64.96 million during the quarter, compared to the consensus estimate of $62.62 million. On average, equities research analysts forecast that Washington Trust Bancorp will post 3.23 EPS for the current fiscal year.

Hedge Funds Weigh In On Washington Trust Bancorp

Several institutional investors have recently modified their holdings of WASH. State of Alaska Department of Revenue purchased a new position in shares of Washington Trust Bancorp in the 3rd quarter worth about $27,000. GAMMA Investing LLC grew its position in Washington Trust Bancorp by 107.8% during the third quarter. GAMMA Investing LLC now owns 802 shares of the financial services provider’s stock valued at $30,000 after buying an additional 416 shares during the period. Allworth Financial LP purchased a new stake in Washington Trust Bancorp during the second quarter worth about $50,000. State of Wyoming purchased a new stake in Washington Trust Bancorp during the first quarter worth about $70,000. Finally, Integrated Wealth Concepts LLC purchased a new stake in Washington Trust Bancorp during the second quarter worth about $121,000. 65.81% of the stock is owned by institutional investors.

More Washington Trust Bancorp News

Here are the key news stories impacting Washington Trust Bancorp this week:

• Positive Sentiment: Washington Trust reported third-quarter net income of $19.4 million, up 21% from the preceding quarter. Earnings per share were $1.01, well above the $0.87 analyst consensus and substantially higher than $0.56 a year earlier. Washington Trust Reports Third Quarter 2026 Results
• Positive Sentiment: Revenue reached approximately $65.0 million, exceeding the $62.6 million consensus estimate. The combination of earnings and revenue beats suggests better-than-expected operating performance and was the primary catalyst for the stock’s advance. Washington Trust Bancorp Surpasses Q3 Earnings and Revenue Estimates
• Positive Sentiment: Management highlighted margin expansion, disciplined growth and a confident earnings outlook during the quarterly call, supporting expectations for continued profitability. Washington Trust Bancorp Signals Confident Earnings Outlook
• Neutral Sentiment: Loan and deposit growth continued, but quarter-over-quarter expansion was less impressive than the earnings improvement. Investors may therefore focus on whether Washington Trust can sustain growth while preserving margins. Why Washington Trust Bancorp Stock Was a Winner Today
• Positive Sentiment: Zacks added WASH to a list of top income stocks carrying a Rank #1, reinforcing the favorable near-term sentiment around the shares.

Washington Trust Bancorp Company Profile

Washington Trust Bancorp, Inc is the holding company for The Washington Trust Company, a community bank headquartered in Westerly, Rhode Island. Founded in 1800, Washington Trust is one of the oldest continuously operating banks in the United States and serves individuals, families, businesses and institutions.

The bank provides a range of financial services, including checking and savings accounts, certificates of deposit, residential and commercial real estate lending, consumer loans, business banking and cash-management services.