Washington Trust Bancorp, Inc. (WASH)
NASDAQFinancialsBanks - RegionalSnapshot 2026-09-09
$39.36-1.06%
Close 2026-09-09 · 1-day change
NASDAQFinancialsBanks - RegionalSnapshot 2026-09-09
Broken: Recent financial performance freshly dropped to the bottom half of its industry.
Washington Trust Bancorp keeps paying a steady dividend of $0.56 per share. Analysts expect earnings per share near $2.7 in 2026. The bank has a solid price-to-earnings ratio of 13.1, close to peers. It also announced a buyback program to return cash to shareholders.
The bank missed earnings in early 2026 and faced $11.3 million in loan charge-offs in 2025. Revenue growth is modest and analyst estimates have slightly declined. Rising credit losses could pressure profits and dividends.
The stock price is about 15% above our fair value near $31. Analysts expect 8% revenue growth. Our model sees slower earnings growth, so the price reflects optimism that may be hard to meet.
Breaks if: Quarterly credit losses exceed $7 million
Breaks if: Dividend per share falls below $0.56
Breaks if: EPS falls below $2.69 in FY26
This is not a price target or investment advice.
A long-form read on the 1–3 year hold thesis. It updates when the weekly evidence changes.
This investment represents a fragile growth story within the financial sector. The current thesis state has weakened due to recent financial performance, which has dropped in relative strength compared to peers.
The market appears to have priced in a neutral valuation, with expectations slightly below current performance. The stock is not seen as overly expensive compared to peers, but it is also not considered a bargain.
Management has shown stability, but recent financial performance has been weak, indicating potential challenges ahead. The earnings quality is fragile, and while there is low miss risk, the company has a history of missing expectations.
The thesis hinges on the performance of sector bellwethers like HDB, IBN, and PNC. Positive earnings and guidance from these companies could provide a tailwind, while negative trends could further pressure WASH's performance.
The most important moves since the prior daily snapshot.
Yes, our read has weakened. Recent financial performance dropped from the top half to the bottom half of its industry. This change indicates a decline in the reason to own the stock. The latest earnings beat does not offset this negative shift in standing.
as of 2026-09-09
Review the evidence to watch, what would become a concern, and what would make it less concerning.
Not investment advice. Scores describe historical and current data; they are not forecasts of future returns. Consult a licensed advisor before making investment decisions.
Breaks if: Buyback program is cancelled or materially reduced
Over the next 1 to 3 years, WASH's outlook will depend heavily on sector dynamics and management execution. Not investment advice.