Washington Trust Bancorp, Inc (NASDAQ: WASH) on Friday, soared 3.12% from the previous trading day, before settling in for the closing price of $30.76. Within the past 52 weeks, WASH’s price has moved between $24.11 and $40.59.
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Over the past five-year period, the growth rate of yearbook sales for the company of the Financial sector was 10.26%. The company achieved an average annual earnings per share of -49.41%. With a float of $18.86 million, this company’s outstanding shares have now reached $19.26 million.
Considering the fact that the conglomerate employs 665 people, you should pay attention to its efficiency factor. In terms of profitability, gross margin is 84.57%, operating margin of 16.66%, and the pretax margin is 15.31%.
Washington Trust Bancorp, Inc (WASH) Insider Activity
Observing investor behavior towards Banks – Regional industry stocks is more important than anything else. The insider ownership of Washington Trust Bancorp, Inc is 2.09%, while institutional ownership is 62.03%. The most recent insider transaction that took place on May 02 ’24, was worth 14,158. In this transaction EVP and Chief Wealth Mgmt of this company sold 535 shares at a rate of $26.46, taking the stock ownership to the 5,346 shares.
Washington Trust Bancorp, Inc (WASH) Earnings and Forecasts
Wall Street market experts anticipate that the next fiscal year will bring earnings of 0.62 per share during the current fiscal year.
According to the Wall Street analysts, stocks earnings will be around -49.41% per share during the next fiscal year. For the long-term projections, market analysts anticipate that the company’s EPS will surge by 5.00% during the next five years compared to -6.42% drop over the previous five years of trading.
Washington Trust Bancorp, Inc (NASDAQ: WASH) Trading Performance Indicators
Washington Trust Bancorp, Inc (WASH) is currently performing well based on its current performance indicators. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 1.55. Likewise, its price to free cash flow for the trailing twelve months is 14.55.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is 2.67, a number that is poised to hit -0.44 in the next quarter and is forecasted to reach 2.75 in one year’s time.
Technical Analysis of Washington Trust Bancorp, Inc (WASH)
Compared to the last year’s volume of 0.11 million, its volume of 0.45 million showed improvement in the last five days. As of the previous 9 days, the stock’s Stochastic %D was 11.19%. Additionally, its Average True Range was 1.41.
During the past 100 days, Washington Trust Bancorp, Inc’s (WASH) raw stochastic average was set at 33.06%, which indicates a significant increase from 21.29% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 42.87% in the past 14 days, which was lower than the 43.32% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $35.70, while its 200-day Moving Average is $30.06. Nevertheless, the first resistance level for the watch stands at $32.31 in the near term. At $32.90, the stock is likely to face the second major resistance level. The third major resistance level sits at $33.83. If the price goes on to break the first support level at $30.80, it is likely to go to the next support level at $29.87. Should the price break the second support level, the third support level stands at $29.28.
Washington Trust Bancorp, Inc (NASDAQ: WASH) Key Stats
Market capitalization of the company is 630.10 million based on 19,257K outstanding shares. Right now, sales total 364,800 K and income totals 48,180 K. The company made 103,860 K in profit during its latest quarter, and 10,980 K in sales during its previous quarter.
