Washington Trust Bancorp, Inc. operates as the bank holding company for The Washington Trust Company, of Westerly that offers various banking and financial services to individuals and businesses. The company operates in two segments, Commercial Banking and Wealth Management Services. The Commercial Banking segment provides various commercial and retail lending products, which include commercial real estate loans consisting of commercial mortgages and construction loans; commercial and industrial loans; residential real estate loans consists of mortgage and homeowner construction loans; and consumer loans comprising home equity loans and lines of credit, personal installment loans, and loans to individuals secured by general aviation aircraft. This segment also offers deposit accounts, including interest-bearing and noninterest-bearing demand deposits, NOW and savings accounts, money market and retirement deposit accounts, and time deposits, as well as debit card, automated teller machine, telephone banking, internet banking, mobile banking, remote deposit capture, and other cash management services. The Wealth Management Services segment provides investment management; financial planning; personal trust and estate services, such as trustee, personal representative, custodian, and guardian; and settlement of decedents' estates, as well as institutional trust services comprising custody and fiduciary services. This segment serves personal and institutional clients. The company also operates as a licensed broker-dealer that offers variable annuities and college savings plans. As of December 31, 2020, it had 10 branch offices located in southern Rhode Island; 12 branch offices located in the greater Providence area in Rhode Island; and 1 branch office located in southeastern Connecticut. Washington Trust Bancorp, Inc. was founded in 1800 and is headquartered in Westerly, Rhode Island.
IPO Year:
Exchange: NASDAQ
Website: washtrust.com
| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 3/14/2025 | $36.00 | Neutral → Buy | Seaport Research Partners |
| 10/22/2024 | $30.00 → $34.00 | Underweight → Neutral | Piper Sandler |
| 1/31/2024 | Buy → Neutral | Seaport Research Partners | |
| 9/12/2023 | $34.00 | Buy | Seaport Research Partners |
| 5/15/2023 | $27.00 → $26.00 | Underweight → Neutral | Piper Sandler |
| 4/24/2023 | Neutral → Underweight | Piper Sandler | |
| 10/26/2022 | $60.00 → $49.00 | Buy → Neutral | Compass Point |
| 4/7/2022 | $62.00 → $56.00 | Overweight → Neutral | Piper Sandler |
| 7/8/2021 | $58.00 | Neutral → Overweight | Piper Sandler |
8-K - WASHINGTON TRUST BANCORP INC (0000737468) (Filer)
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8-K - WASHINGTON TRUST BANCORP INC (0000737468) (Filer)
8-K - WASHINGTON TRUST BANCORP INC (0000737468) (Filer)
8-K - WASHINGTON TRUST BANCORP INC (0000737468) (Filer)
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Seaport Research Partners upgraded Washington Trust from Neutral to Buy and set a new price target of $36.00
Piper Sandler upgraded Washington Trust from Underweight to Neutral and set a new price target of $34.00 from $30.00 previously
Seaport Research Partners downgraded Washington Trust from Buy to Neutral
Seaport Research Partners initiated coverage of Washington Trust with a rating of Buy and set a new price target of $34.00
Piper Sandler upgraded Washington Trust from Underweight to Neutral and set a new price target of $26.00 from $27.00 previously
Piper Sandler downgraded Washington Trust from Neutral to Underweight
Compass Point downgraded Washington Trust from Buy to Neutral and set a new price target of $49.00 from $60.00 previously
Piper Sandler downgraded Washington Trust from Overweight to Neutral and set a new price target of $56.00 from $62.00 previously
Piper Sandler upgraded Washington Trust Bancorp from Neutral to Overweight and set a new price target of $58.00
WESTERLY, R.I., March 20, 2025 /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 March 31, 2025. The dividend will be paid April 11, 2025 to shareholders of record on April 1, 2025. ABOUT WASHINGTON TRUST BANCORP, INC.Washington Trust Bancorp, Inc. ("the Corporation), NASDAQ: WASH, is the publicly-owned holding company of The Washington Trust Company ("Washington Trust", "the Bank"), with $6.9 billion in assets as of December 31, 2024. Founded in 1800, Washi
WESTERLY, R.I., March 3, 2025 /PRNewswire/ -- Washington Trust Bancorp, Inc. (NASDAQ:WASH), the bank holding company for The Washington Trust Company, today announced that its 2025 Annual Meeting of Shareholders will be held virtually on April 22, 2025, at 11:00 a.m. ET. Shareholders of record, as of the close of business on February 25, 2025, are entitled to attend and vote at the Annual Meeting. Additional information regarding the Annual Meeting will be provided in the Company's proxy statement. ABOUT WASHINGTON TRUST BANCORP, INC.Washington Trust Bancorp, Inc. ("the Corpor
WESTERLY, R.I., Feb. 6, 2025 /PRNewswire/ -- Washington Trust employees recently built and donated 35 "Welcome Home Kits" to benefit Crossroads Rhode Island clients who are transitioning from homelessness to stable housing. The kits, valued at more than $4,000, contain personal care items and basic household supplies, and are presented to clients to help them get settled into their new apartments. More than 100 Washington Trust employees participated in the collection drive and kit assembly effort, including Chairman and Chief Executive Officer, Edward O. "Ned" Handy III, and
WESTERLY, R.I., Jan. 29, 2025 /PRNewswire/ -- Washington Trust Bancorp, Inc. (the "Corporation") (NASDAQ:WASH), parent company of The Washington Trust Company (the "Bank"), today reported a fourth quarter 2024 net loss of $60.8 million, or a $3.46 loss per diluted share. Excluding the impact of the balance sheet repositioning sale transactions described below, adjusted net income (non-GAAP) for the fourth quarter totaled $10.4 million, or $0.59 per diluted share, compared to net income of $11.0 million, or $0.64 per diluted share, for the third quarter of 2024. As previously
WESTERLY, R.I., Jan. 16, 2025 /PRNewswire/ -- Washington Trust Bancorp, Inc. (NASDAQ:WASH), the publicly owned holding company of The Washington Trust Company, will release fourth quarter 2024 earnings and host a conference call with the Corporation's executives as follows: Earnings Release: Wednesday, January 29, 2025, After Market Closes Conference Call: Thursday, January 30, 2025, 8:30 a.m. ET Participant Dial In: 1-833-470-1428 (Toll-Free) International Dial In: Global Dial-In Numbers Access Code: 731757 Webcast: Washington Trust Bancorp's website, https://ir.washtrust.com
WESTERLY, R.I., Dec. 20, 2024 /PRNewswire/ -- Washington Trust Bancorp, Inc. (NASDAQ:WASH) (the "Corporation"), parent company of The Washington Trust Company, of Westerly (the "Bank"), today announced Bank balance sheet repositioning transactions to support continued organic growth and capital generation. "Like many banks, we have been carrying low-yielding assets on our balance sheet following rapid increases in interest rates over the past few years. These assets have been earning interest below current market rates, which has impacted our earnings and ability to reinvest
WESTERLY, R.I., Dec. 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 December 31, 2024. The dividend will be paid January 15, 2025 to shareholders of record on January 2, 2025. ABOUT WASHINGTON TRUST BANCORP, INC.Washington Trust Bancorp, Inc. ("the Corporation), NASDAQ: WASH, is the publicly-owned holding company of The Washington Trust Company ("Washington Trust", "the Bank"), with $7.1 billion in assets as of September 30, 2024. Founded in 1800,
PROVIDENCE, R.I., Dec. 17, 2024 /PRNewswire/ -- Washington Trust recently provided $800,000 in financing to the Rhode Island Hispanic Chamber of Commerce for the purchase of property located at 359 Broad Street in Providence, R.I., to be used as the Chamber's new headquarters. The property, known as the James Potter House, an elaborate Queen Anne Mansion built c. 1889 and designed by Stone, Carpenter and Willson, is located in the Trinity Square National Historic District in the Elmwood section of Providence. "This new headquarters is a testament to the continued growth and su
WESTERLY, R.I., Dec. 16, 2024 /PRNewswire/ -- Washington Trust Bancorp, Inc. (NASDAQ:WASH) (the "Corporation"), parent company of The Washington Trust Company, of Westerly (the "Bank"), today announced the closing of its previously announced underwritten public offering of 1,911,764 shares of its common stock at a public offering price of $34.00 per share. The 2,198,528 shares sold in the offering include 286,764 shares sold pursuant to the exercise of the underwriters' purchase option. BofA Securities is serving as the sole book-running manager for the offering. The expected
WESTERLY, R.I., Dec. 12, 2024 /PRNewswire/ -- Washington Trust Bancorp, Inc. (NASDAQ:WASH) (the "Corporation"), parent company of The Washington Trust Company, of Westerly (the "Bank"), today announced the pricing of its previously announced underwritten public offering of 1,911,764 shares of its common stock at a public offering price of $34.00 per share. The expected proceeds to the Corporation, after deducting underwriting discounts and commissions but before deducting operating expenses payable by the Corporation, are approximately $61.75 million. In addition, the Corporation has granted the underwriter a 30-day option to purchase up to an additional 286,764 shares of the Corporation's
WESTERLY, R.I., March 20, 2025 /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 March 31, 2025. The dividend will be paid April 11, 2025 to shareholders of record on April 1, 2025. ABOUT WASHINGTON TRUST BANCORP, INC.Washington Trust Bancorp, Inc. ("the Corporation), NASDAQ: WASH, is the publicly-owned holding company of The Washington Trust Company ("Washington Trust", "the Bank"), with $6.9 billion in assets as of December 31, 2024. Founded in 1800, Washi
WESTERLY, R.I., Jan. 16, 2025 /PRNewswire/ -- Washington Trust Bancorp, Inc. (NASDAQ:WASH), the publicly owned holding company of The Washington Trust Company, will release fourth quarter 2024 earnings and host a conference call with the Corporation's executives as follows: Earnings Release: Wednesday, January 29, 2025, After Market Closes Conference Call: Thursday, January 30, 2025, 8:30 a.m. ET Participant Dial In: 1-833-470-1428 (Toll-Free) International Dial In: Global Dial-In Numbers Access Code: 731757 Webcast: Washington Trust Bancorp's website, https://ir.washtrust.com
WESTERLY, R.I., Dec. 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 December 31, 2024. The dividend will be paid January 15, 2025 to shareholders of record on January 2, 2025. ABOUT WASHINGTON TRUST BANCORP, INC.Washington Trust Bancorp, Inc. ("the Corporation), NASDAQ: WASH, is the publicly-owned holding company of The Washington Trust Company ("Washington Trust", "the Bank"), with $7.1 billion in assets as of September 30, 2024. Founded in 1800,
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. "Washington Trust's third quarter results remained steady, demonstrating the strength of our diversified business model, and commitment to our customers," stated Edward O. Handy III, Washington Trust Chairman and Chief Executive Officer. "We continue
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. ET Participant Dial In: 1-833-470-1428 (Toll-Free) International Dial In: Global Dial-In Numbers Access Code: 539756 Webcast: Washington Trust Bancorp's website,https://ir.washtrust.com
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 dividend will be paid October 11, 2024 to shareholders of record on October 1, 2024. ABOUT WASHINGTON TRUST BANCORP, INC. Washington Trust Bancorp, Inc. ("the Corporation"), NASDAQ: WASH, is the publicly-owned holding company of The Washington Trust Company ("Washington Trust", "the Bank"), with $7.2 billion in assets as of June 30, 2024. Founded in 1800,
WESTERLY, R.I., July 22, 2024 /PRNewswire/ -- Washington Trust Bancorp, Inc. (NASDAQ:WASH), parent company of The Washington Trust Company, today announced second quarter 2024 net income of $10.8 million, or $0.63 per diluted share, compared to net income of $10.9 million, or $0.64 per diluted share, for the first quarter of 2024. "Washington Trust's second quarter performance reflects our continued focus on successfully managing through current economic conditions, while positioning the company for future growth," stated Edward O. Handy III, Washington Trust Chairman and Chie
WESTERLY, R.I., July 9, 2024 /PRNewswire/ -- Washington Trust Bancorp, Inc. (NASDAQ:WASH), the publicly-owned holding company of The Washington Trust Company, will release second quarter 2024 earnings and host a conference call with the Corporation's executives as follows: Earnings Release: Monday, July 22, 2024, After Market Closes Conference Call: Tuesday, July 23, 2024, 8:30 a.m. ET Participant Dial In: 1-833-470-1428 (Toll-Free) International Dial In: Global Dial-In Numbers Access Code: 467066
WESTERLY, R.I., June 20, 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 June 30, 2024. The dividend will be paid July 12, 2024 to shareholders of record on July 1, 2024. ABOUT WASHINGTON TRUST BANCORP, INC. Washington Trust Bancorp, Inc. ("the Corporation), NASDAQ: WASH, is the publicly-owned holding company of The Washington Trust Company ("Washington Trust", "the Bank"), with $7.2 billion in assets as of March 31, 2024. Founded in 1800, Washington
WESTERLY, R.I., April 22, 2024 /PRNewswire/ -- Washington Trust Bancorp, Inc. (NASDAQ:WASH), parent company of The Washington Trust Company, today announced first quarter 2024 net income of $10.9 million, or $0.64 per diluted share, compared to net income of $12.9 million, or $0.76 per diluted share, for the fourth quarter of 2023. "Washington Trust's first quarter performance reflects the importance of our diversified business model, as we were able to generate solid noninterest income while faced with continued margin pressure associated with higher funding costs," stated Ed
WESTERLY, R.I., Nov. 14, 2024 /PRNewswire/ -- Washington Trust today announced that Michelle Kile has been appointed Executive Vice President and Chief Retail Banking Officer. Kile is responsible for the retail sales and customer service through Washington Trust's 28 retail branch offices, Customer Solutions Center, and digital banking services. "Michelle joins us with 20 years of experience in Retail Banking delivery from several New England financial institutions," stated Edward O. "Ned" Handy III, Washington Trust Chairman and Chief Executive Officer. "We're excited to have
WESTERLY, R.I., July 24, 2024 /PRNewswire/ -- Washington Trust ("the Bank") today announced Anthony A. Botelho, Executive Vice President, has been appointed Chief Lending Officer and assumed responsibility for the Bank's Commercial and Industrial Lending, Commercial Real Estate Lending, Business Banking and Cash Management groups. Botelho has more than 35 years of banking experience, having joined Washington Trust in 2021 from Freedom National Bank, where he served as President and CEO before that financial institution was acquired. Botelho holds an MBA from Bryant University
Charitable Foundation Donates $6,000 to Local Non-Profits in Their Honor WESTERLY, R.I., March 27, 2024 /PRNewswire/ -- Washington Trust recently recognized six employees for their exceptional leadership, teamwork, and community service during the company's annual Employee Fest. To celebrate the employees, the Washington Trust Charitable Foundation made donations totaling $6,000 to local nonprofit organizations chosen by the award winners. "We are proud to honor these outstanding employees for their extraordinary service," said Edward O. "Ned" Handy III, Chairman & CEO. "Washi
WESTERLY, R.I., Feb. 12, 2024 /PRNewswire/ -- Washington Trust Bancorp, Inc. (NASDAQ:WASH), announced the appointment of Debra M. Paul and Angel Taveras, Esq. to the Board of Directors (the "Board") of Washington Trust Bancorp, Inc. (the "Corporation") and its subsidiary bank, The Washington Trust Company, effective March 1, 2024. Ms. Paul, a former certified public accountant, has proven leadership, accounting, and auditing experience. She most recently served as Chief Executive Officer ("CEO") of Fellowship Health Resources, Inc. ("FHR"), a subsidiary of Elwyn. After retirin
Bank Celebrates Fifth Consecutive Year of this Honor WESTERLY, R.I., Nov. 20, 2023 /PRNewswire/ -- The Washington Trust Company was today named one of the nation's Best Banks to Work For by American Banker magazine as part of its annual list organized by the Best Companies Group. Washington Trust is the largest bank in New England to receive this recognition. "Washington Trust is honored to be selected for the fifth consecutive year as one of the country's 'Best Banks to Work For," said Edward O. "Ned" Handy III, Washington Trust's Chairman and Chief Executive Officer. "This a
WESTERLY, R.I., April 26, 2023 /PRNewswire/ -- The Washington Trust Company today announced Rolando Lora has been appointed Executive Vice President and Chief Retail Lending Officer. He is responsible for overseeing mortgage origination, mortgage operations, secondary marketing, and consumer lending activities throughout the Bank's market area. "We're excited to have Rolando join our executive team and lead our retail lending division's continued strategic market share growth and expansion," stated Edward O. "Ned" Handy III, Washington Trust Chairman and Chief Executive Office
WESTERLY, R.I., Feb. 1, 2022 /PRNewswire/ -- Washington Trust Bancorp, Inc. (NASDAQ: WASH), On January 26, 2022, the Board of Directors (the "Board") of Washington Trust Bancorp, Inc. (the "Corporation"), the bank holding company for The Washington Trust Company, announced Joseph P. Gencarella, former Audit Partner of KPMG LLP, and Alimamy D. ("Junior") Jabbie, Jr., Owner, President, and CEO of Banneker Supply Chain Solutions, Inc., were elected to boards of the Corporation and its subsidiary bank, The Washington Trust Company, effective March 1, 2022. Mr. Gencarella, CPA,
BOCA RATON, Fla., Aug. 09, 2021 (GLOBE NEWSWIRE) -- Red Violet, Inc. (NASDAQ:RDVT), a leading analytics and information solutions provider, today announced the appointment of Lisa Stanton as an independent director of red violet's Board of Directors, effective immediately. Commenting on the new director appointment, Derek Dubner, red violet's Chairman and CEO, said, "We are delighted to welcome Lisa to the Board. Lisa brings a wealth of knowledge and experience to our board in the areas of FinTech, identity, and security, which will serve the company well in the continued execution of its roadmap to being ‘all things identity.'" Lisa Stanton brings extensive business leadership e
BOSTON, April 29, 2021 (GLOBE NEWSWIRE) -- Flywire Corporation (Flywire), a global payments enablement and software company, today appointed Edwin J. Santos to its Board of Directors as Chair of the Audit Committee, effective immediately. Santos has spent his entire career in the financial services industry, with unique expertise in audit and risk management. Most recently, he was Group Executive Vice President and General Auditor for Citizens Financial Group, a $129-billion multi-state bank holding company. Previously, he held leadership positions with FleetBoston Financial Group, including his role as Chief Auditor for FleetBoston Financial Group's global operations, overseeing approxim
WESTERLY, R.I., Dec. 1, 2020 /PRNewswire/ -- Washington Trust Bancorp, Inc. (Nasdaq: WASH) today announced that the Corporation's Board of Directors adopted a stock repurchase program ("Stock Repurchase Program"), which authorizes the repurchase of up to 850,000 shares, or approximately 5%, of the Corporation's common stock. This authority may be exercised from time to time and in such amounts as market conditions warrant, and subject to regulatory considerations. The timing and actual number of shares repurchased will depend on a variety of factors including price, corporate and regulatory requirements, market conditions, and other corporate liquidity requirements and priorities. The Sto
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