WASH Stock Analysis: Washington Trust Bancorp | NASDAQ
Banks - Regional | NASDAQ, USA | Market Cap: 750m USD | 12M Return: 43.2% | US9406101082 | Charts, Fundamentals & Technical Analysis
Avg Turnover: 5.16M
EPS Trend: -28.6%
Qual. Beats: 1
Rev. Trend: -7.1%
Qual. Beats: 0
Warnings
Tailwinds
Seasonality 11.7 years of data
How good or bad each month usually is (without trend). The score below shows how much you can trust it: 0 = pure chance, >40 gets interesting and >55 is strong.
Washington Trust Bancorp, Inc. (NASDAQ: WASH) is a bank holding company that operates The Washington Trust Company, of Westerly, headquartered in Westerly, Rhode Island. Founded in 1800, it is among the oldest banks in the United States. The company conducts its business through two segments: Banking and Wealth Management Services.
The Banking segment provides deposit products (checking, money market, savings, and time deposits), commercial and retail lending (commercial real estate, commercial and industrial, residential real estate, and consumer loans), and ancillary services such as debit cards, ATMs, digital banking channels, and cash management. The Wealth Management Services segment offers investment management, financial planning, personal trust and estate administration, and institutional trust and custody services.
As a small-cap regional bank, Washington Trust primarily serves local consumers and businesses in its core Northeast market, with wealth management operations extending its fee-based revenue mix beyond traditional lending activities common to community banking.
- Net interest margin compresses as Fed cuts rates
- Commercial real estate loan losses pressure credit costs
- Wealth management fee income grows offsetting banking margin pressure
| Net Income: 55.4m TTM > 0 and > 6% of Revenue |
| FCF/TA: 0.01 > 0.02 and ΔFCF/TA 0.44 > 1.0 |
| NWC/Revenue: -1.40k% < 20% (prev -1.81k%; Δ 409.0% < -1%) |
| CFO/TA 0.01 > 3% & CFO 93.2m > Net Income 55.4m |
| Net Debt (528.1m) to EBITDA (74.9m): 7.05 < 3 |
| Current Ratio: 0.00 > 1.5 & < 3 |
| Outstanding Shares: last quarter (19.2m) vs 12m ago -0.88% < -2% |
| Gross Margin: 57.83% > 18% (prev 35.99%; Δ 21.84% > 0.5%) |
| Asset Turnover: 5.74% > 50% (prev 4.45%; Δ 1.30% > 0%) |
| Interest Coverage Ratio: 0.48 > 6 (EBIT TTM 70.9m / Interest Expense TTM 148.0m) |
| A: -0.81 (Total Current Assets 26.4m - Total Current Liabilities 5.36b) / Total Assets 6.55b |
| B: 0.07 (Retained Earnings 449.6m / Total Assets 6.55b) |
| C: 0.01 (EBIT TTM 70.9m / Avg Total Assets 6.65b) |
| D: 0.09 (Book Value of Equity 553.5m / Total Liabilities 5.99b) |
| Altman-Z'' = -4.95 = D |
As of September 27, 2026, the stock is trading at USD 38.86 with a total of 106,293 shares traded. Over the past week, the price has changed by -1.14%, over one month by -1.77%, over three months by +8.78% and over the past year by +43.22%.
Current recommended Stop Loss: 37.90 (which is 2.5% or 1.2 ATR below the current price).
Washington Trust Bancorp has received a consensus analysts rating of 3.50. Therefore, it is recommended to hold WASH.
- StrongBuy: 1
- Buy: 0
- Hold: 3
- Sell: 0
- StrongSell: 0
| Analysts Target Price | 38 | -2.2% |
P/E Trailing = 13.6021
P/E Forward = 11.6009
P/S = 3.3926
P/B = 1.3546
P/EG = 2.7632
Revenue TTM = 381.8m USD
EBIT TTM = 70.9m USD
EBITDA TTM = 74.9m USD
Long Term Debt = 258.7m USD (from longTermDebt, last quarter)
Short Term Debt = 220.0m USD (from shortLongTermDebt, last quarter)
Debt = 554.6m USD (from shortLongTermDebtTotal, last quarter) + Leases 37.9m
Net Debt = 528.1m USD (calculated: Debt 554.6m - CCE 26.4m)
Enterprise Value = 1.28b USD (749.8m + Debt 554.6m - CCE 26.4m)
Interest Coverage Ratio = 0.48 (Ebit TTM 70.9m / Interest Expense TTM 148.0m)
EV/FCF = 14.31x (Enterprise Value 1.28b / FCF TTM 89.3m)
FCF Yield = 6.99% (FCF TTM 89.3m / Enterprise Value 1.28b)
FCF Margin = 23.38% (FCF TTM 89.3m / Revenue TTM 381.8m)
Net Margin = 14.51% (Net Income TTM 55.4m / Revenue TTM 381.8m)
Gross Margin = 57.83% ((Revenue TTM 381.8m - Cost of Revenue TTM 161.0m) / Revenue TTM)
Gross Margin QoQ = 62.74% (prev 58.23%)
Tobins Q-Ratio = 0.20 (Enterprise Value 1.28b / Total Assets 6.55b)
Interest Expense / Debt = 26.69% (Interest Expense 148.0m / Debt 554.6m)
Taxrate = 21.91% (15.5m / 70.9m)
NOPAT = 55.4m (EBIT 70.9m * (1 - 21.91%))
Current Ratio = 0.00 (Total Current Assets 26.4m / Total Current Liabilities 5.36b)
Debt / Equity = 1.00 (Debt 554.6m / totalStockholderEquity, last quarter 553.5m)
Debt / EBITDA = 7.05 (Net Debt 528.1m / EBITDA 74.9m)
Debt / FCF = 5.92 (Net Debt 528.1m / FCF TTM 89.3m)
Total Stockholder Equity = 544.2m (last 4 quarters mean from totalStockholderEquity)
RoA = 0.83% (Net Income 55.4m / Total Assets 6.55b)
RoE = 10.18% (Net Income TTM 55.4m / Total Stockholder Equity 544.2m)
RoCE = 8.84% (EBIT 70.9m / Capital Employed (Equity 544.2m + L.T.Debt 258.7m))
RoIC = 4.74% (NOPAT 55.4m / Invested Capital 1.17b)
WACC = 13.62% (E(749.8m)/V(1.30b) * Re(8.28%) + D(554.6m)/V(1.30b) * Rd(26.69%) * (1-Tc(0.22)))
Discount Rate = 8.28% (= CAPM, Blume Beta Adj.)
Shares (quarterly) Correlation: 84.11 | Cagr: 5.36%
[DCF] Terminal Value 62.85% ; FCFF base≈78.4m ; Y1≈89.9m ; Y5≈132.3m
[DCF] Fair Price = 26.01 (EV 1.02b - Net Debt 528.1m = Equity 496.0m / Shares 19.1m; r=13.62% [WACC]; 5y FCF grow 15.0% → 2.50% )
EPS Correlation: -28.57 | EPS CAGR: -2.00% | SUE: 0.93 | # QB: 1
Revenue Correlation: -7.05 | Revenue CAGR: -0.93% | SUE: 0.74 | # QB: 0
EPS current Quarter (2026-09-30): EPS=0.87 | Chg30d=+2.01% | Revisions=+50% | Analysts=4
EPS current Year (2026-12-31): EPS=3.23 | Chg30d=+3.60% | Revisions=+57% | GrowthEPS=+19.9% | GrowthRev=+10.0%
EPS next Year (2027-12-31): EPS=3.54 | Chg30d=+3.99% | Revisions=+50% | GrowthEPS=+9.7% | GrowthRev=+6.2%
[Analyst] Revisions Ratio: +77% (up=10, down=0)