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 |
|---|---|---|---|
| 5/28/2025 | $28.00 | Neutral | BofA Securities |
| 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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SCHEDULE 13G/A - WASHINGTON TRUST BANCORP INC (0000737468) (Subject)
WESTERLY, R.I., June 24, 2025 /PRNewswire/ -- Washington Trust has been recognized as Rhode Island's Best-In-State Bank for 2025 by Forbes, marking the seventh consecutive year the bank has appeared on the list, and the third consecutive year they have been ranked #1. The annual Forbes Best-In-State Banks list, compiled in partnership with market research firm Statista, evaluates financial institutions based on customer satisfaction, trust, fees, digital services, and financial advice. "We are deeply honored to be named Rhode Island's Best-In-State Bank again this year," said
WESTERLY, R.I., June 13, 2025 /PRNewswire/ -- Washington Trust ("the Bank") is proud to announce its recognition as one of the 2025 Best Places to Work in Rhode Island by Providence Business News (PBN) for the 15th consecutive year. The 2025 honorees were celebrated at a special ceremony on Thursday, June 12, at the Crowne Plaza in Warwick, RI. "We are incredibly proud to be recognized on Rhode Island's Best Places to Work list for the fifteenth consecutive year," said Edward O. "Ned" Handy III, Chairman & CEO of Washington Trust. "This achievement reflects our steadfast commi
WESTERLY, R.I., June 12, 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 June 30, 2025. The dividend will be paid July 11, 2025 to shareholders of record on July 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 $6.6 billion in assets as of March 31, 2025. Founded in 1800, Washington T
Unveils Anniversary Logo, Community Checking Campaign, and Special Events WESTERLY, R.I., May 29, 2025 /PRNewswire/ -- Washington Trust ("the Bank"), founded in Rhode Island and recognized as the nation's oldest community bank, is proud to announce the celebration of its 225th birthday in 2025. August 22, 2025 will mark more than two centuries of service, trust, and commitment to its communities throughout Rhode Island, Connecticut, and Massachusetts. "As we mark this milestone, we recognize the privilege of celebrating 225 years of serving our customers and communities," said
WESTERLY, R.I., May 8, 2025 /PRNewswire/ -- The Washington Trust Company recently appointed three banking professionals to a newly-formed retail banking business development team. The Business Banking Relationship Officers will work closely with Washington Trust's retail branch network, to deliver holistic, relationship-driven solutions to businesses across the Bank's footprint. Their focus is to uncover opportunities, understand the unique financial needs of local businesses, and provide tailored guidance and support. Michelle Kile, Executive Vice President and Chief Retail B
Limited time promotion offers a low fixed rate for an 18-month intro period WESTERLY, R.I., May 2, 2025 /PRNewswire/ -- Washington Trust launched a new Home Equity Line of Credit product today, to help homeowners with home improvement projects, debt consolidation, and other expenses. Customers can lock in a low introductory 5.99% Annual Percentage Rate (APR) for an initial period of 18 months. Home Equity Lines of Credit allow customers to borrow what they need when they need it, pay it off, and then borrow again during the life of the line. It's ideal for when costs and timing vary on expenses such as a major home renovation.
WESTERLY, R.I., April 28, 2025 /PRNewswire/ -- The Washington Trust Company will host free Community Shred Days at several branch locations throughout Rhode Island on Saturday, June 7th and Saturday, June 14th. All events will take place from 10 a.m. to 12 p.m. Washington Trust customers and community members are welcome to take part in the events. All paper products that may contain sensitive or personal information will be accepted, as will DVDs, CDs, cassette tapes, and floppy discs that have been removed from their case. Staples, rubber bands, folders and paper clips do NO
WESTERLY, R.I., April 21, 2025 /PRNewswire/ -- Washington Trust Bancorp, Inc. (the "Corporation") (NASDAQ:WASH), parent company of The Washington Trust Company (the "Bank"), today reported first quarter 2025 net income of $12.2 million, or $0.63 per diluted share. In the first quarter of 2025, sales leaseback transactions were completed for five branch locations and a pre-tax net gain on the sale of the bank-owned properties totaling $7.0 million was recognized within noninterest income. Additionally, in connection with the termination of the Corporation's qualified pension p
Equivalent of More Than 4.2 tons of Peanut Butter Collected WESTERLY, R.I., April 16, 2025 /PRNewswire/ -- Washington Trust ("the Bank") today announced their 25th Annual Peanut Butter Drive collected 4,710 jars of peanut butter, and more than $6,100 in monetary donations, to benefit partner food banks and hunger relief agencies throughout the Bank's footprint - a 68% increase in donations from last year. In 2001, the Peanut Butter Drive was created as a meaningful way to restock food pantry shelves following the holiday season, providing a healthy, family-friendly staple love
WESTERLY, R.I., April 10, 2025 /PRNewswire/ -- Washington Trust Bancorp, Inc. (NASDAQ:WASH), the publicly owned holding company of The Washington Trust Company, will release first quarter 2025 earnings and host a conference call with the Corporation's executives as follows: Earnings Release: Monday, April 21, 2025, 8:00 a.m. ET Conference Call: Monday, April 21, 2025, 10:00 a.m. ET Participant Dial In: 1-833-470-1428 (Toll-Free) International Dial In: Global Dial-In Numbers Access Code: 572620 Webcast: W