Ownership Breakdown
| Retail Investors22.99% | Institutions75.8% |
| Retail Investors | 22.99 | |
| Insiders | 1.21 | |
| Institutions | 75.8 |
Another strong showing for Washington Trust
 | By Ellen Johnson | Macroaxis Story |
Investing in Washington Trust Bancorp stock offers a robust opportunity in the financial sector, particularly for those interested in regional banks. With an impressive operating margin of 41.12%, the company has demonstrated strong profitability. The net income from continuing operations stands at $71.7 million, a significant increase of $30.7 million in its net income. Despite a negative market risk adjusted performance of -0.05 and a quarterly earnings growth of -0.21, the potential upside of 4.34 and a price action indicator of 1.41 suggest a promising future for the stock. Furthermore, the bank's interest income of $193.9 million underscores its solid financial health.
Rigorous look on Washington
Over 76.0% of Washington Trust Bancorp's outstanding shares are owned by institutional investors. Institutional ownership of Washington Trust Bancorp refers to the portion of the company's equity owned by large entities such as mutual funds, pension funds, insurance companies, investment firms, and foundations, which manage money on behalf of others. For our latest analysis of Washington Trust Bancorp, including its current ownership diagnostics, please check out our most recent report.Macroaxis uses a strict editorial review process to publish stories and blog posts. Our publishers support our company and may receive a small commission when the partner links or references are utilized. Commissions do not affect the opinions or evaluations of our editorial team. The information our editors and media partners deliver is confidential and licensed for your sole use as a Macroaxis user. We reserve all rights to the content of this article, and therefore copying or distributing this story in whole or in part is strictly prohibited.
Reviewed by Vlad Skutelnik
Washington Trust Bancorp (NASDAQ: WASH.US), a prominent player in the financial services sector, particularly in regional banking, presents a robust investment opportunity. With a market capitalization of $489.6M, the company has demonstrated solid financial performance. Its operating income stands at $129.6M, and it has an interest income of $193.9M. Despite a quarterly earnings growth loss of 21%, the company has managed to maintain a positive change to net income of $30.7M. The EPS estimate for the current year is $2.67, expected to increase to $3.02 next year, indicating potential growth. The company also boasts a return on assets of 1.07% and a book value of $27.375. Moreover, with a dividend per share of $2.2, investors can enjoy a steady income stream. Despite the daily balance of power being at 0.9394, the accumulation distribution figure stands at 6.7K, suggesting a healthy balance. Thus, Washington Trust Bancorp offers a compelling investment proposition in the banking industry. The Enterprise Value of Washington Trust Bancorp is on an upward trend compared to previous years. The Enterprise Value for the prior year was reported at 1.43 billion. The current Market Capitalization is anticipated to rise to approximately 878.5 million, while the Net Income Per Employee is projected to fall to just under 93.2 thousand. As interest grows in the banking sector, it's worthwhile to take a closer look at Washington Trust Bancorp. We will explore why this could be a significantly better year for Washington Trust shareholders. This article aims to highlight some fundamental factors influencing Washington Trust's products and services. Furthermore, we will discuss how these factors may affect the investment outlook for Washington Trust in August.The performance of Washington Trust Bancorp in the marketplace will significantly impact your decision to invest in its stock. Revenue growth, profitability, competitive positioning, management quality, and industry trends can influence Washington Trust's stock prices. When investing in Washington Trust, there are several factors to consider and potential outcomes to expect. As a company performs well, its stock price may increase, allowing investors to benefit from price appreciation. However, Washington Stock can experience significant price fluctuations due to market conditions, economic factors, industry trends, or company-specific news. This is why investing in stocks such as Washington Trust carries risks, including the potential for capital loss. Stock prices can decline, and investors may incur losses if they sell shares at a lower price than their initial investment.
And What about dividends?
A dividend is the distribution of a portion of Washington Trust earnings, decided and managed by the company's board of directors and paid to a class of its shareholders. Note, announcements of dividend payouts are generally accompanied by a proportional increase or decrease in a company's stock price. Washington Trust dividend payments follow a chronological order of events, and the associated dates are important to determine the shareholders who qualify for receiving the dividend payment. Washington one year expected dividend income is about USD1.68 per share.
The Washington Trust's current Dividends Paid is estimated to increase to about 40.6 M, while Dividend Yield is projected to decrease to 0.04. | Last Reported | Projected for Next Year | ||
| Dividends Paid | 38.6 M | 40.6 M | |
| Dividend Yield | 0.07 | 0.04 | |
| Dividend Payout Ratio | 0.80 | 0.65 | |
| Dividend Paid And Capex Coverage Ratio | 0.72 | 0.69 |
Investing in dividend-paying stocks, such as Washington Trust Bancorp is one of the few strategies that are good for long-term investment. Ex-dividend dates are significant because investors in Washington Trust must own a stock before its ex-dividend date to receive its next dividend.
This type of analysis is very useful when you want to generate a past dividend schedule and payout information for Washington Trust. Then that information in the form of graph and calendar can be used to fully explain how Du Pont dividends can provide a real clue to its valuation.How important is Washington Trust's Liquidity
Washington Trust financial leverage refers to using borrowed capital as a funding source to finance Washington Trust Bancorp ongoing operations. It is usually used to expand the firm's asset base and generate returns on borrowed capital. Washington Trust financial leverage is typically calculated by taking the company's all interest-bearing debt and dividing it by total capital. So the higher the debt-to-capital ratio (i.e., financial leverage), the riskier the company. Financial leverage can amplify the potential profits to Washington Trust's owners, but it also increases the potential losses and risk of financial distress, including bankruptcy, if the firm cannot cover its debt costs. The degree of Washington Trust's financial leverage can be measured in several ways, including by ratios such as the debt-to-equity ratio (total debt / total equity), equity multiplier (total assets / total equity), or the debt ratio (total debt / total assets). Please check the breakdown between Washington Trust's total debt and its cash.
Washington Trust Gross Profit
Washington Trust Gross Profit growth is one of the most critical measures in evaluating the company. The Gross Profit growth rate is calculated simply by comparing Washington Trust previous period's values with its current period's values. Each time period you're measuring should be of equal lengths the increase or decrease, in a company's Gross Profit between two periods. Here we show Washington Trust Gross Profit growth over the last 10 years. Please check Washington Trust's gross profit and other fundamental indicators for more details.
Another Deeper Perspective
Washington Trust Bancorp retains a total of seventeen million nineteen thousand two hundred outstanding shares. The majority of Washington Trust outstanding shares are owned by institutional investors. These institutions are usually referred to as non-private investors looking to purchase positions in Washington Trust Bancorp to benefit from reduced commissions. Consequently, other corporate entities are subject to a different set of regulations than regular investors in Washington Trust Bancorp. Please pay attention to any change in the institutional holdings of Washington Trust Bancorp as this could imply that something significant has changed or about to change at the company. Please note that no matter how much assets the company shows, if the real value of the company is less than the current market value, you may not be able to make money on it.
Washington Trust Bancorp (NASDAQ: WASH) remains a solid investment opportunity in the Banks-Regional industry with a healthy net income of $71.68M and a retained earnings of $492.04M. Its net asset stands at $6.66B, with a book value per share of 27.38X, indicating a strong financial position.The company's diluted EPS is 3.87, and the PE ratio stands at a comfortable 7.4341. This, coupled with a five-year return of 4.03%, makes it an attractive option for long-term investors. Despite market volatility, the company's beta of 0.73 suggests lower risk compared to the overall market. The stock is well-supported by institutions, with 75.80% of the shares owned by institutional investors. Furthermore, the company has a robust workforce of 651 full-time employees, contributing to its sustained operational efficiency. Moreover, Washington Trust Bancorp's price-to-book ratio of 1.91X and the Wall Street target price of $28 signals potential upside for investors. Given the bank's strong financial performance and stable position in the regional banking sector, it continues to offer a robust investment opportunity. .
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