Stock Update & Outlook Report on Washington Trust Bancorp, Inc. (NASDAQ:WASH) as Analysts Predict 8.36% Growth

Analysts are projecting Washington Trust Bancorp, Inc. (NASDAQ:WASH) to grow at an accelerated rate over the next five years.  Sell-side analysts are looking for the company to grow 8.36% over the next year and 5.00% over the next five years.

The stock market can be influenced by many different factors such as news, politics, earnings reports, or even company rumors. Often times the market may not react as expected to certain events. This may cause the investor to become frustrated at times. Sometimes certain market moves may seem to go against prevailing logic. This is why it can be extremely hard to predict near-term moves with any certainty. Taking a big picture look at the financial markets may help offer a clearer picture of how all the different aspects contribute to market movements. Figuring out why a certain move happened may help shed some light when the same scenario arises again in the future.  

EPS measures what each share is worth and also indicates how much money their sharehoders would gain if the company was to pay out all of its profits.  Washington Trust Bancorp, Inc.’s trailing 12- months EPS is 3.93.  Last year, their EPS growth was 30.90% and their EPS growth over the past five years was 12.70%.  

RECENT PERFORMANCE

Let’s start off by taking a look at how the stock has been performing recently.  Over the past twelve months, Washington Trust Bancorp, Inc. (NASDAQ:WASH)’s stock was 7.95%.  Last week, it was 0.16%, 6.85% over the last quarter, and  -11.07% for the past half-year. 

Over the past 50 days, Washington Trust Bancorp, Inc. stock was -4.42% off of the high and 7.77% removed from the low.  Their 52-Week High and Low are noted here.  -18.88% (High), 11.71%, (Low). 

HISTORICAL GROWTH

Washington Trust Bancorp, Inc. (NASDAQ:WASH)’s performance this year to date is 7.95%.  The stock has performed 0.16% over the last seven days, -2.19% over the last thirty, and 6.85% over the last three months.  Over the last six months, Washington Trust Bancorp, Inc.’s stock has been -11.07% and -9.11% for the year.

FUTURE GROWTH ESTIMATES AND RECOMMENDATIONS

Wall Street analysts are have a consensus analyst recommendation of 2.80 on the stock.  This is based on a 1-5 scale where 1 represents a Strong Buy and 5 a Strong Sell.  Brokerages covering the name have a $55.75 on the stock.

As we move deeper into earnings season, investors and analysts will be closely watching which companies look they are getting things right. Many investors will be following which companies beat or miss the estimates by a wide margin. Large surprise factors can cause a stock to jump or fall shortly after the actual numbers are released. Investors may also be tracking which industry leaders come out on top during the latest round of earnings reports. Tracking the sectors that are poised for growth may help give the investor a good idea for the types of stocks they may want to add to the portfolio as we get closer to the end of the current calendar year.

The advice provided on this website is general advice only. It has been prepared without taking into account your objectives, financial situation or needs. Before acting on this advice you should consider the appropriateness of the advice, having regard to your own objectives, financial situation and needs.  Where quoted, past performance is not indicative of future performance.