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Last $36.47 USD
Change Today -0.55 / -1.49%
Volume 58.0K
As of 8:10 PM 05/1/15 All times are local (Market data is delayed by at least 15 minutes).

washington trust bancorp (WASH) Snapshot

Open
$37.24
Previous Close
$37.02
Day High
$37.35
Day Low
$36.26
52 Week High
12/29/14 - $41.10
52 Week Low
10/8/14 - $32.20
Market Cap
611.3M
Average Volume 10 Days
36.8K
EPS TTM
$2.51
Shares Outstanding
16.8M
EX-Date
03/30/15
P/E TM
14.5x
Dividend
$1.36
Dividend Yield
3.48%
Current Stock Chart for WASHINGTON TRUST BANCORP (WASH)

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washington trust bancorp (WASH) Details

Washington Trust Bancorp, Inc. operates as the holding company for The Washington Trust Company that offers various banking and financial products and services to individuals and businesses. The company operates in two segments, Commercial Banking and Wealth Management Services. The Commercial Banking segment offers deposit accounts, including interest-bearing checking, noninterest-bearing checking, savings, money market, and retirement deposit accounts; and certificates of deposit, as well as debit cards, ATMs, telephone banking, Internet banking, mobile banking, remote deposit capture, cash management, and merchant credit card processing services. This segment also provides various commercial and retail lending products, which include commercial real estate loans consisting of commercial mortgages, and construction and development loans; commercial and industrial loans; residential real estate loans; and consumer loans comprising home equity lines and home equity loans, personal installment loans, and loans to individuals secured by general aviation aircraft and automobiles. The Wealth Management Services segment provides investment management; financial planning; personal trust services, including services as trustee, administrator, custodian, and guardian; and estate settlement, as well as institutional trust services, such as custody and fiduciary services. This segment serves personal and institutional clients, and mutual funds. The company also operates as a licensed broker-dealer that markets investment programs, including mutual funds and variable annuities. As of December 31, 2014, it had 10 branch offices located in southern Rhode Island; 8 branch offices located in the greater Providence area in Rhode Island; and a branch office located in southeastern Connecticut. The company was founded in 1800 and is headquartered in Westerly, Rhode Island.

561 Employees
Last Reported Date: 03/12/15
Founded in 1800

washington trust bancorp (WASH) Top Compensated Officers

Chairman, Chief Executive Officer, Member of ...
Total Annual Compensation: $514.6K
President, Chief Operating Officer, President...
Total Annual Compensation: $385.0K
Vice Chairman, Chief Financial Officer, Secre...
Total Annual Compensation: $299.7K
Executive Vice President of Wealth Management...
Total Annual Compensation: $239.5K
Chief Lending Officer of Washington Trust Com...
Total Annual Compensation: $231.5K
Compensation as of Fiscal Year 2014.

washington trust bancorp (WASH) Key Developments

Washington Trust Bancorp Inc. Announces Board Resignations

On April 28, 2015, Washington Trust Bancorp Inc. announced that Patrick J. Shanahan, Jr. and John C. Warren retired from the Board of Directors of the company. At the time of his resignation from the corporation's Board of Directors, Mr. Shanahan was a member of the Corporation's Audit Committee.

Washington Trust Seeks Acquisitions

Washington Trust Bancorp Inc. (NasdaqGS:WASH) is seeking acquisitions. Joseph MarcAurele, Washington Trust's Chairman & Chief Executive Officer, said "My comment on acquisition opportunities into those areas is that we look at those things all the time. They are both attractive markets. They are also, though, both very competitive markets. So that's the decisioning really around those types of thing."

Washington Trust Bancorp Inc. Announces Unaudited Consolidated Earnings Results for the First Quarter Ended March 31, 2015; Reports Net Loan Charge-offs for the First Quarter Ended March 31, 2015

Washington Trust Bancorp Inc. announced unaudited consolidated earnings results for the first quarter ended March 31, 2015. For the first quarter of 2015, the company reported net income of $11.0 million, or 65 cents per diluted share compared to $9.3 million, or 55 cents per diluted share, for the first quarter of 2014. Returns on average equity and average assets continued at very solid levels of 12.54% and 1.23%, respectively comparable amounts for the first quarter of 2015 were 11.10% and 1.17%, respectively. Net interest income totaled $25.7 million against $23.9 million in first quarter of 2014. Income before income taxes was $16,191,000 against $13,614,000 a year ago. Return on average tangible assets on Non-GAAP basis was 1.25% compared to 1.20% a year ago. Return on average tangible equity on Non-GAAP basis was 15.27% compared to 13.70% a year ago. Book value per share on GAAP basis was $21.10 and tangible book value per share on Non-GAAP basis was $17.35 as at March 31, 2015. Total interest and dividend income was $31,237,000 against $29,290,000 a year ago. Net loan charge-offs amounted to $213,000 in the first quarter of 2015.

 

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Industry Analysis

WASH

Industry Average

Valuation WASH Industry Range
Price/Earnings 14.5x
Price/Sales 4.2x
Price/Book 1.7x
Price/Cash Flow 14.4x
TEV/Sales 0.8x
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