WASH Stock Analysis: Washington Trust Bancorp | NASDAQ
Banks - Regional | NASDAQ, USA | Market Cap: 678m USD | 12M Return: 30% | Charts, Fundamentals & Technical Analysis
Avg Turnover: 6.58M
EPS Trend: -68.9%
Qual. Beats: -1
Rev. Trend: -8.6%
Qual. Beats: 0
Warnings
No concerns identified
Tailwinds
No distinct edge detected
Seasonality 10.5 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: 52.7m TTM > 0 and > 6% of Revenue |
| FCF/TA: 0.01 > 0.02 and ΔFCF/TA -0.09 > 1.0 |
| NWC/Revenue: -849.8% < 20% (prev -1.74k%; Δ 892.9% < -1%) |
| CFO/TA 0.01 > 3% & CFO 77.1m > Net Income 52.7m |
| Net Debt (636.0m) to EBITDA (70.9m): 8.97 < 3 |
| Current Ratio: 0.01 > 1.5 & < 3 |
| Outstanding Shares: last quarter (19.2m) vs 12m ago -1.02% < -2% |
| Gross Margin: 55.47% > 18% (prev 33.05%; Δ 22.42% > 0.5%) |
| Asset Turnover: 5.80% > 50% (prev 4.64%; Δ 1.16% > 0%) |
| Interest Coverage Ratio: 0.43 > 6 (EBIT TTM 66.8m / Interest Expense TTM 156.3m) |
| A: -0.50 (Total Current Assets 40.1m - Total Current Liabilities 3.25b) / Total Assets 6.46b |
| B: 0.07 (Retained Earnings 444.5m / Total Assets 6.46b) |
| C: 0.01 (EBIT TTM 66.8m / Avg Total Assets 6.52b) |
| D: 0.09 (Book Value of Equity 546.8m / Total Liabilities 5.91b) |
| Altman-Z'' = -2.87 = D |
As of July 08, 2026, the stock is trading at USD 35.84 with a total of 200,790 shares traded. Over the past week, the price has changed by +0.08%, over one month by +7.28%, over three months by +5.50% and over the past year by +30.00%.
Current recommended Stop Loss: 34.30 (which is 4.3% or 1.7 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 | 33.5 | -6.5% |
P/E Trailing = 12.9781
P/E Forward = 11.7096
P/S = 3.1415
P/B = 1.2741
P/EG = 2.7632
Revenue TTM = 378.0m USD
EBIT TTM = 66.8m USD
EBITDA TTM = 70.9m USD
Long Term Debt = 598.7m USD (from longTermDebt, last quarter)
Short Term Debt = 394.9m USD (from shortTermDebt, two quarters ago)
Debt = 676.1m USD (from shortLongTermDebtTotal, last quarter) + Leases 38.7m
Net Debt = 636.0m USD (calculated: Debt 676.1m - CCE 40.1m)
Enterprise Value = 1.31b USD (678.0m + Debt 676.1m - CCE 40.1m)
Interest Coverage Ratio = 0.43 (Ebit TTM 66.8m / Interest Expense TTM 156.3m)
EV/FCF = 24.57x (Enterprise Value 1.31b / FCF TTM 53.5m)
FCF Yield = 4.07% (FCF TTM 53.5m / Enterprise Value 1.31b)
FCF Margin = 14.15% (FCF TTM 53.5m / Revenue TTM 378.0m)
Net Margin = 13.93% (Net Income TTM 52.7m / Revenue TTM 378.0m)
Gross Margin = 55.47% ((Revenue TTM 378.0m - Cost of Revenue TTM 168.3m) / Revenue TTM)
Gross Margin QoQ = 58.23% (prev 57.70%)
Tobins Q-Ratio = 0.20 (Enterprise Value 1.31b / Total Assets 6.46b)
Interest Expense / Debt = 23.12% (Interest Expense 156.3m / Debt 676.1m)
Taxrate = 22.33% (15.1m / 67.8m)
NOPAT = 51.9m (EBIT 66.8m * (1 - 22.33%))
Current Ratio = 0.01 (Total Current Assets 40.1m / Total Current Liabilities 3.25b)
Debt / Equity = 1.24 (Debt 676.1m / totalStockholderEquity, last quarter 546.8m)
Debt / EBITDA = 8.97 (Net Debt 636.0m / EBITDA 70.9m)
Debt / FCF = 11.89 (Net Debt 636.0m / FCF TTM 53.5m)
Total Stockholder Equity = 537.7m (last 4 quarters mean from totalStockholderEquity)
RoA = 0.81% (Net Income 52.7m / Total Assets 6.46b)
RoE = 9.79% (Net Income TTM 52.7m / Total Stockholder Equity 537.7m)
RoCE = 5.88% (EBIT 66.8m / Capital Employed (Equity 537.7m + L.T.Debt 598.7m))
RoIC = 1.63% (NOPAT 51.9m / Invested Capital 3.19b)
WACC = 13.41% (E(678.0m)/V(1.35b) * Re(8.87%) + D(676.1m)/V(1.35b) * Rd(23.12%) * (1-Tc(0.22)))
Discount Rate = 8.87% (= CAPM, Blume Beta Adj.)
Shares (quarterly) Correlation: 64.44 | Cagr: 5.30%
[DCF] Terminal Value 57.45% ; FCFF base≈56.4m ; Y1≈50.9m ; Y5≈43.7m
[DCF] Fair Price = N/A (negative equity: EV 380.9m - Net Debt 636.0m = -255.1m; debt exceeds intrinsic value)
EPS Correlation: -68.92 | EPS CAGR: -7.00% | SUE: -1.57 | # QB: -1
Revenue Correlation: -8.60 | Revenue CAGR: -1.12% | SUE: 0.79 | # QB: 0
EPS current Quarter (2026-06-30): EPS=0.77 | Chg30d=-0.65% | Revisions=-57% | Analysts=4
EPS next Quarter (2026-09-30): EPS=0.86 | Chg30d=-0.58% | Revisions=-29% | Analysts=4
EPS current Year (2026-12-31): EPS=3.11 | Chg30d=-0.56% | Revisions=-57% | GrowthEPS=+15.8% | GrowthRev=+8.9%
EPS next Year (2027-12-31): EPS=3.40 | Chg30d=-0.44% | Revisions=-57% | GrowthEPS=+9.3% | GrowthRev=+5.6%
[Analyst] Revisions Ratio: -74% (up=1, down=15)