--- title: "Washington Trust Bancorp (NASDAQ:WASH) Reaches New 52-Week High - Here's What Happened" type: "News" locale: "en" url: "https://longbridge.com/en/news/295834617.md" description: "Washington Trust Bancorp (NASDAQ:WASH) stock hit a new 52-week high of $40.26, trading at $40.11. Analysts recently upgraded ratings or raised price targets, with Zacks and Wall Street Zen moving to 'Hold' and Piper Sandler increasing its target to $35. The company reported strong Q2 earnings, beating estimates with $0.83 EPS on $60.47M revenue. Additionally, several institutional investors increased their holdings in the second quarter, and the company paid a quarterly dividend of $0.56 per share." datetime: "2026-08-13T19:00:39.000Z" locales: - [zh-CN](https://longbridge.com/zh-CN/news/295834617.md) - [en](https://longbridge.com/en/news/295834617.md) - [zh-HK](https://longbridge.com/zh-HK/news/295834617.md) generator: "portal-rs" --- # Washington Trust Bancorp (NASDAQ:WASH) Reaches New 52-Week High - Here's What Happened Washington Trust Bancorp, Inc. (NASDAQ:WASH - Get Free Report)'s stock price reached a new 52-week high on Thursday . The stock traded as high as $40.26 and last traded at $40.11, with a volume of 33502 shares. The stock had previously closed at $39.34. ## Analysts Set New Price Targets WASH has been the subject of several recent research reports. Zacks Research raised Washington Trust Bancorp from a "strong sell" rating to a "hold" rating in a research note on Thursday, July 23rd. Wall Street Zen upgraded shares of Washington Trust Bancorp from a "sell" rating to a "hold" rating in a research report on Sunday, July 12th. Piper Sandler boosted their target price on shares of Washington Trust Bancorp from $32.00 to $35.00 and gave the stock a "neutral" rating in a report on Friday, June 26th. Keefe, Bruyette & Woods upped their price target on shares of Washington Trust Bancorp from $33.00 to $36.00 and gave the company a "market perform" rating in a research report on Wednesday, July 22nd. Finally, Weiss Ratings raised shares of Washington Trust Bancorp from a "buy (b-)" rating to a "buy (b)" rating in a research note on Friday, June 5th. One investment analyst has rated the stock with a Buy rating and three have issued a Hold rating to the company. According to data from MarketBeat.com, the company currently has an average rating of "Hold" and an average target price of $35.50. **View Our Latest Stock Report on WASH** ## Washington Trust Bancorp Price Performance The stock has a market cap of $764.33 million, a P/E ratio of 13.89, a price-to-earnings-growth ratio of 0.89 and a beta of 0.72. The business has a 50-day simple moving average of $36.71 and a 200 day simple moving average of $34.53. The company has a current ratio of 0.97, a quick ratio of 0.97 and a debt-to-equity ratio of 0.86. Washington Trust Bancorp (NASDAQ:WASH - Get Free Report) last issued its quarterly earnings data on Monday, July 20th. The financial services provider reported $0.83 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.77 by $0.06. The company had revenue of $60.47 million during the quarter, compared to the consensus estimate of $59.91 million. Washington Trust Bancorp had a return on equity of 10.18% and a net margin of 14.50%. On average, analysts forecast that Washington Trust Bancorp, Inc. will post 3.2 earnings per share for the current year. ## Washington Trust Bancorp Dividend Announcement The company also recently announced a quarterly dividend, which was paid on Friday, July 10th. Shareholders of record on Wednesday, July 1st were given a dividend of $0.56 per share. This represents a $2.24 dividend on an annualized basis and a yield of 5.6%. The ex-dividend date of this dividend was Wednesday, July 1st. Washington Trust Bancorp's dividend payout ratio is currently 77.78%. ## Institutional Inflows and Outflows A number of hedge funds and other institutional investors have recently modified their holdings of the company. Quantbot Technologies LP bought a new stake in shares of Washington Trust Bancorp in the 2nd quarter valued at $166,000. EP Wealth Advisors LLC bought a new position in Washington Trust Bancorp during the second quarter worth $245,000. Ieq Capital LLC acquired a new position in Washington Trust Bancorp in the second quarter valued at $1,344,000. Allworth Financial LP acquired a new position in Washington Trust Bancorp in the second quarter valued at $50,000. Finally, Mystic Asset Management Inc. acquired a new position in Washington Trust Bancorp in the second quarter valued at $327,000. Institutional investors and hedge funds own 65.81% of the company's stock. ## About Washington Trust Bancorp (Get Free Report) Washington Trust Bancorp, Inc is the bank holding company for The Washington Trust Company, a community bank headquartered in Westerly, Rhode Island. Through its subsidiary, the company operates a network of branch offices across Rhode Island and southeastern Connecticut, serving individuals, small businesses and municipalities with a full suite of financial services. The company's core business activities encompass retail and commercial banking, including checking and savings accounts, consumer and commercial loans, mortgage financing, and cash management solutions. ## Featured Articles - Five stocks we like better than Washington Trust Bancorp - Asian Market Circuit Breakers Hit Stocks, Not AI Demand - Riot Platforms Re-Wires the Ledger for a $9B AI Power Play - Nebius Just Exploded 34% on Blowout Earnings—Is It Time to Buy? - Joby’s Defense Pivot Accelerates With $500M Resonant Sciences Deal *This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.* Continue following MarketBeat Add MarketBeat as your preferred source on Google to see our latest stories in your feed. Add As Preferred Source ## Should You Invest $1,000 in Washington Trust Bancorp Right Now? Before you consider Washington Trust Bancorp, you'll want to hear this. MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Washington Trust Bancorp wasn't on the list. While Washington Trust Bancorp currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys. 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