Washington Trust Bancorp, Inc. (NASDAQ: WASH) has a price-to-earnings ratio that is above its average at 12.91x. The stock has a 36-month beta value of 0.81. Opinions on the stock are mixed, with 1 analysts rating it as a “buy,” 0 as “overweight,” 3 as “hold,” and 0 as “sell.”
The public float for WASH is 16.70M, and at present, short sellers hold a 3.81% of that float. On October 23, 2024, the average trading volume of WASH was 87.57K shares.
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WASH) stock’s latest price update
The stock price of Washington Trust Bancorp, Inc. (NASDAQ: WASH) has jumped by 8.06 compared to previous close of 31.89. Despite this, the company has seen a gain of 3.61% in its stock price over the last five trading days. seekingalpha.com reported 2024-10-22 that 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, Director of Marketing Strategy and Planning Conference Call Participants Mark Fitzgibbon – Piper Sandler Damon DelMonte – Keefe Bruyette & Woods Inc. Laurie Hunsicker – Seaport Research Partners Operator Good morning, and welcome to Washington Trust Bancorp Inc.’s conference call. My name is Lydia and I’ll be your operator today.
WASH’s Market Performance
Washington Trust Bancorp, Inc. (WASH) has experienced a 3.61% rise in stock performance for the past week, with a 5.61% rise in the past month, and a 11.16% rise in the past quarter. The volatility ratio for the week is 3.27%, and the volatility levels for the past 30 days are at 2.96% for WASH. The simple moving average for the past 20 days is 7.83% for WASH’s stock, with a 21.88% simple moving average for the past 200 days.
Analysts’ Opinion of WASH
Seaport Research Partners gave a rating of “Buy” to WASH, setting the target price at $34 in the report published on September 12th of the previous year.
WASH Trading at 8.72% from the 50-Day Moving Average
After a stumble in the market that brought WASH to its low price for the period of the last 52 weeks, the company was able to rebound, for now settling with 0.55% of gains for the given period.
Volatility was left at 2.96%, however, over the last 30 days, the volatility rate increased by 3.27%, as shares surge +7.05% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +21.47% upper at present.
During the last 5 trading sessions, WASH rose by +3.61%, which changed the moving average for the period of 200-days by +12.32% in comparison to the 20-day moving average, which settled at $31.96. In addition, Washington Trust Bancorp, Inc. saw 6.42% in overturn over a single year, with a tendency to cut further gains.
Insider Trading
Reports are indicating that there were more than several insider trading activities at WASH starting from RYAN KATHLEEN A, who sale 535 shares at the price of $26.46 back on May 02 ’24. After this action, RYAN KATHLEEN A now owns 5,346 shares of Washington Trust Bancorp, Inc., valued at $14,158 using the latest closing price.
Stock Fundamentals for WASH
Current profitability levels for the company are sitting at:
- 0.14 for the present operating margin
- 0.87 for the gross margin
The net margin for Washington Trust Bancorp, Inc. stands at 0.11. The total capital return value is set at 0.01. Equity return is now at value 9.78, with 0.64 for asset returns.
Based on Washington Trust Bancorp, Inc. (WASH), the company’s capital structure generated 0.72 points at debt to capital in total, while cash flow to debt ratio is standing at 0.05. The debt to equity ratio resting at 2.63. The interest coverage ratio of the stock is 0.42.
Currently, EBITDA for the company is 0.84 million with net debt to EBITDA at 122.96. When we switch over and look at the enterprise to sales, we see a ratio of 4.71. The liquidity ratio also appears to be rather interesting for investors as it stands at 0.07.
Conclusion
To sum up, Washington Trust Bancorp, Inc. (WASH) has seen a better performance recently. Analysts have differing views on the stock, with some seeing it as a “buy” and others as a “hold”. It is worth mentioning that the stock is currently trading in close proximity to its 50-day moving average and its 52-week high.
