At the time of writing, Washington Trust Bancorp, Inc [WASH] stock is trading at $32.83, up 1.36%. An important factor to consider is whether the stock is rising or falling in short-term value. The WASH shares have gain 10.99% over the last week, with a monthly amount drifted -5.69%, and not seem to be holding up well over a long-time horizon.
From an analyst’s perspective:
Washington Trust Bancorp, Inc [NASDAQ: WASH] stock has seen the most recent analyst activity on October 22, 2024, when Piper Sandler upgraded its rating to a Neutral and also boosted its price target to $34 from $30. Previously, Seaport Research Partners downgraded its rating to Neutral on January 31, 2024. On September 12, 2023, Seaport Research Partners initiated with a Buy rating and assigned a price target of $34 on the stock. Piper Sandler upgraded its rating to a Neutral and decreased its price target to $26 on May 15, 2023. Piper Sandler downgraded its rating to a Underweight. Compass Point downgraded its rating to Neutral for this stock on October 26, 2022, and downed its price target to $49. In a note dated April 07, 2022, Piper Sandler downgraded an Neutral rating on this stock and revised its target price from $62 to $56.
For the past year, the stock price of Washington Trust Bancorp, Inc fluctuated between $24.11 and $40.59. Currently, Wall Street analysts expect the stock to reach $34 within the next 12 months. Washington Trust Bancorp, Inc [NASDAQ: WASH] shares were valued at $32.83 at the most recent close of the market. An investor can expect a potential return of 3.56% based on the average WASH price forecast.
Analyzing the WASH fundamentals
According to Washington Trust Bancorp, Inc [NASDAQ:WASH], the company’s sales were 405.26M for trailing twelve months, which represents an 9.15% jump. Gross Profit Margin for this corporation currently stands at 0.85% with Operating Profit Margin at 0.17%, Pretax Profit Margin comes in at 0.15%, and Net Profit Margin reading is 0.13%. To continue investigating profitability, this company’s Return on Assets is posted at 0.01, Equity is 0.1 and Total Capital is 0.01. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 2.69.
Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 32.33 points at the first support level, and at 31.82 for the second support level. However, for the 1st resistance point, the stock is sitting at 33.13, and for the 2nd resistance point, it is at 33.42.
Ratios To Look Out For
It is important to note that Washington Trust Bancorp, Inc [NASDAQ:WASH] has a current ratio of 0.06. Considering the valuation of this stock, the price to sales ratio is 1.56, the price to book ratio is 1.12 and price to earnings (TTM) ratio is 12.30.
Transactions by insiders
Recent insider trading involved RYAN KATHLEEN A, EVP and Chief Wealth Mgmt, that happened on May 02 ’24 when 535.0 shares were sold.
