Washington Trust Bancorp, Inc. (NASDAQ:WASH) provider of banking and financial products and services, is expected to report third quarter earnings results, after market close, on Monday 19th October 2020.
Analysts polled by Thomson Reuters anticipate third quarter income of $ 1.03 per share.
Looking ahead, the full year income are expected at $ 3.82 per share on the revenues of $ 129.12 million.
Previous Quarter Performance
Washington Trust Bancorp, Inc. announced income for the second quarter of $ 1.21 per share, from the revenue of $ 30.95 million. The quarterly earnings swell 22.22 percent while revenues contracted 8.59 percent compared with the same quarter last year.
The consensus estimates are income of $ 0.63 per share from $ 32.00 million in revenue. The bottom line results beat street analysts by $ 0.58 or 92.06 percent, at the same time, top line results fell short of analysts by $ 1.05 million or 3.28 percent.
Stock Performance
On Friday, shares of Washington Trust Bancorp, Inc. has traded high as $ 33.36 and has cracked $ 32.46 on the downward trend, reaching $ 33.24 with volume of 45.60 thousand shares.
According to the previous trading day, closing price of $ 33.24, representing a 28.54 % increase from the 52 week low of $ 25.86 and a 39.52 % decrease over the 52 week high of $ 54.96.
The company has a market capital of $ 573.73 million and is part of the Financial Services sector and Banks – Regional – US industry.
Recent Analyst recommendations
- On 28th September 2020, maintained by Piper Sandler at Neutral rating, with $ 36.00 target price.
Conference Call
Washington Trust Bancorp, Inc. will be hosting a conference call at 8:30 AM eastern time on 20th October 2020, to discuss its 3Q20 financial results with the investment community. A live webcast with presentations will be available on the Internet by visiting the Company website www.washtrust.com
Washington Trust Bancorp, Inc. operates as the bank holding company for The Washington Trust Company, of Westerly that offers various financial products and services to individuals and businesses. The company operates in two segments, Commercial Banking and Wealth Management Services.
