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WASHINGTON TRUST BANCORP (WASH) Stock Fundamental Analysis

NASDAQ:WASH - Nasdaq - US9406101082 - Common Stock - Currency: USD

28.59  +0.69 (+2.47%)

Premarket: 28.1 -0.49 (-1.71%)

Fundamental Rating

4

We assign a fundamental rating of 4 out of 10 to WASH. WASH was compared to 397 industry peers in the Banks industry. Both the profitability and financial health of WASH have multiple concerns. WASH has a correct valuation and a medium growth rate. WASH also has an excellent dividend rating.


Dividend Valuation Growth Profitability Health

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2

1. Profitability

1.1 Basic Checks

WASH had positive earnings in the past year.
In the past year WASH had a positive cash flow from operations.
WASH had positive earnings in 4 of the past 5 years.
In the past 5 years WASH always reported a positive cash flow from operatings.
WASH Yearly Net Income VS EBIT VS OCF VS FCFWASH Yearly Net Income VS EBIT VS OCF VS FCFYearly Net Income VS EBIT VS OCF VS FCF 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 50M 100M

1.2 Ratios

WASH has a worse Return On Assets (-0.25%) than 92.70% of its industry peers.
Looking at the Return On Equity, with a value of -3.42%, WASH is doing worse than 93.70% of the companies in the same industry.
Industry RankSector Rank
ROA -0.25%
ROE -3.42%
ROIC N/A
ROA(3y)0.45%
ROA(5y)0.77%
ROE(3y)6.77%
ROE(5y)9.39%
ROIC(3y)N/A
ROIC(5y)N/A
WASH Yearly ROA, ROE, ROICWASH Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 5 -5 10 15

1.3 Margins

WASH does not have Profit Margin and Operating Margin and Gross Margin available, so we won't be analyzing them here.
Industry RankSector Rank
OM N/A
PM (TTM) N/A
GM N/A
OM growth 3YN/A
OM growth 5YN/A
PM growth 3YN/A
PM growth 5YN/A
GM growth 3YN/A
GM growth 5YN/A
WASH Yearly Profit, Operating, Gross MarginsWASH Yearly Profit, Operating, Gross MarginsYearly Profit, Operating, Gross Margins 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 20 -20

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3

2. Health

2.1 Basic Checks

WASH does not have a ROIC to compare to the WACC, probably because it is not profitable.
WASH has more shares outstanding than it did 1 year ago.
The number of shares outstanding for WASH has been increased compared to 5 years ago.
WASH has a worse debt/assets ratio than last year.
WASH Yearly Shares OutstandingWASH Yearly Shares OutstandingYearly Shares Outstanding 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 5M 10M 15M
WASH Yearly Total Debt VS Total AssetsWASH Yearly Total Debt VS Total AssetsYearly Total Debt VS Total Assets 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2B 4B 6B

2.2 Solvency

WASH has a debt to FCF ratio of 0.42. This is a very positive value and a sign of high solvency as it would only need 0.42 years to pay back of all of its debts.
The Debt to FCF ratio of WASH (0.42) is better than 83.63% of its industry peers.
WASH has a Debt/Equity ratio of 0.05. This is a healthy value indicating a solid balance between debt and equity.
WASH has a Debt to Equity ratio of 0.05. This is amongst the best in the industry. WASH outperforms 81.86% of its industry peers.
Industry RankSector Rank
Debt/Equity 0.05
Debt/FCF 0.42
Altman-Z N/A
ROIC/WACCN/A
WACC15.08%
WASH Yearly LT Debt VS Equity VS FCFWASH Yearly LT Debt VS Equity VS FCFYearly LT Debt VS Equity VS FCF 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 100M 200M 300M 400M 500M

2.3 Liquidity

Industry RankSector Rank
Current Ratio N/A
Quick Ratio N/A
WASH Yearly Current Assets VS Current LiabilitesWASH Yearly Current Assets VS Current LiabilitesYearly Current Assets VS Current Liabilites 2019 2020 2021 2022 2023 2024 10M 20M 30M

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4

3. Growth

3.1 Past

The earnings per share for WASH have decreased by -8.86% in the last year.
The Earnings Per Share has been decreasing by -8.79% on average over the past years.
Looking at the last year, WASH shows a very negative growth in Revenue. The Revenue has decreased by -16.64% in the last year.
Measured over the past years, WASH shows a very negative growth in Revenue. The Revenue has been decreasing by -12.88% on average per year.
EPS 1Y (TTM)-8.86%
EPS 3Y-18.74%
EPS 5Y-8.79%
EPS Q2Q%-4.69%
Revenue 1Y (TTM)-16.64%
Revenue growth 3Y-23.95%
Revenue growth 5Y-12.88%
Sales Q2Q%86.55%

3.2 Future

WASH is expected to show quite a strong growth in Earnings Per Share. In the coming years, the EPS will grow by 13.25% yearly.
Based on estimates for the next years, WASH will show a quite strong growth in Revenue. The Revenue will grow by 14.91% on average per year.
EPS Next Y13.83%
EPS Next 2Y13.25%
EPS Next 3YN/A
EPS Next 5YN/A
Revenue Next Year20.97%
Revenue Next 2Y14.91%
Revenue Next 3YN/A
Revenue Next 5YN/A

3.3 Evolution

When comparing the EPS growth rate of the last years to the growth rate of the upcoming years, we see that the growth is accelerating.
The Revenue growth rate is accelerating: in the next years the growth will be better than in the last years.
WASH Yearly Revenue VS EstimatesWASH Yearly Revenue VS EstimatesYearly Revenue VS Estimates 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 50M 100M 150M 200M
WASH Yearly EPS VS EstimatesWASH Yearly EPS VS EstimatesYearly EPS VS Estimates 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 1 2 3 4

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6

4. Valuation

4.1 Price/Earnings Ratio

The Price/Earnings ratio is 11.57, which indicates a very decent valuation of WASH.
Compared to the rest of the industry, the Price/Earnings ratio of WASH is on the same level as its industry peers.
Compared to an average S&P500 Price/Earnings ratio of 24.12, WASH is valued rather cheaply.
With a Price/Forward Earnings ratio of 8.92, the valuation of WASH can be described as very reasonable.
WASH's Price/Forward Earnings ratio is a bit cheaper when compared to the industry. WASH is cheaper than 67.76% of the companies in the same industry.
The average S&P500 Price/Forward Earnings ratio is at 20.42. WASH is valued rather cheaply when compared to this.
Industry RankSector Rank
PE 11.57
Fwd PE 8.92
WASH Price Earnings VS Forward Price EarningsWASH Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 5 10 15 20

4.2 Price Multiples

Compared to the rest of the industry, the Price/Free Cash Flow ratio of WASH indicates a somewhat cheap valuation: WASH is cheaper than 61.71% of the companies listed in the same industry.
Industry RankSector Rank
P/FCF 10.27
EV/EBITDA N/A
WASH Per share dataWASH EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 5 10 15 20 25

4.3 Compensation for Growth

The low PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates a rather cheap valuation of the company.
A more expensive valuation may be justified as WASH's earnings are expected to grow with 13.25% in the coming years.
PEG (NY)0.84
PEG (5Y)N/A
EPS Next 2Y13.25%
EPS Next 3YN/A

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8

5. Dividend

5.1 Amount

WASH has a Yearly Dividend Yield of 8.01%, which is a nice return.
Compared to an average industry Dividend Yield of 3.49, WASH pays a better dividend. On top of this WASH pays more dividend than 98.49% of the companies listed in the same industry.
WASH's Dividend Yield is rather good when compared to the S&P500 average which is at 2.44.
Industry RankSector Rank
Dividend Yield 8.01%

5.2 History

The dividend of WASH has a limited annual growth rate of 1.42%.
WASH has paid a dividend for at least 10 years, which is a reliable track record.
WASH has not decreased their dividend for at least 10 years, which is a reliable track record.
Dividend Growth(5Y)1.42%
Div Incr Years13
Div Non Decr Years19
WASH Yearly Dividends per shareWASH Yearly Dividends per shareYearly Dividends per share 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 0.5 1 1.5 2

5.3 Sustainability

The earnings of WASH are negative and hence is the payout ratio. WASH will probably not be able to sustain this dividend level.
The dividend of WASH is growing, but earnings are growing more, so the dividend growth is sustainable.
DP-224.36%
EPS Next 2Y13.25%
EPS Next 3YN/A
WASH Yearly Income VS Free CF VS DividendWASH Yearly Income VS Free CF VS DividendYearly Income VS Free CF VS Dividend 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 20M -20M 40M 60M 80M 100M

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WASHINGTON TRUST BANCORP

NASDAQ:WASH (5/8/2025, 8:00:02 PM)

Premarket: 28.1 -0.49 (-1.71%)

28.59

+0.69 (+2.47%)

Chartmill FA Rating
GICS SectorFinancials
GICS IndustryGroupBanks
GICS IndustryBanks
Earnings (Last)04-21 2025-04-21/bmo
Earnings (Next)07-21 2025-07-21/amc
Inst Owners68.99%
Inst Owner Change2.81%
Ins Owners1.21%
Ins Owner Change7.96%
Market Cap551.22M
Analysts77.78
Price Target32.64 (14.17%)
Short Float %4.35%
Short Ratio4.32
Dividend
Industry RankSector Rank
Dividend Yield 8.01%
Yearly Dividend2.12
Dividend Growth(5Y)1.42%
DP-224.36%
Div Incr Years13
Div Non Decr Years19
Ex-Date04-01 2025-04-01 (0.56)
Surprises & Revisions
EPS beat(2)2
Avg EPS beat(2)8.94%
Min EPS beat(2)5.17%
Max EPS beat(2)12.72%
EPS beat(4)4
Avg EPS beat(4)20.44%
Min EPS beat(4)5.17%
Max EPS beat(4)38.66%
EPS beat(8)7
Avg EPS beat(8)13.31%
EPS beat(12)10
Avg EPS beat(12)10.08%
EPS beat(16)13
Avg EPS beat(16)11.06%
Revenue beat(2)2
Avg Revenue beat(2)1.59%
Min Revenue beat(2)0%
Max Revenue beat(2)3.18%
Revenue beat(4)3
Avg Revenue beat(4)0.46%
Min Revenue beat(4)-1.45%
Max Revenue beat(4)3.18%
Revenue beat(8)4
Avg Revenue beat(8)2.04%
Revenue beat(12)8
Avg Revenue beat(12)14.45%
Revenue beat(16)12
Avg Revenue beat(16)27.08%
PT rev (1m)-10.28%
PT rev (3m)-12.33%
EPS NQ rev (1m)0%
EPS NQ rev (3m)1.61%
EPS NY rev (1m)0%
EPS NY rev (3m)1.45%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)7.79%
Revenue NY rev (1m)-0.55%
Revenue NY rev (3m)8.43%
Valuation
Industry RankSector Rank
PE 11.57
Fwd PE 8.92
P/S 3.69
P/FCF 10.27
P/OCF 9.56
P/B 1.1
P/tB 1.27
EV/EBITDA N/A
EPS(TTM)2.47
EY8.64%
EPS(NY)3.21
Fwd EY11.21%
FCF(TTM)2.78
FCFY9.74%
OCF(TTM)2.99
OCFY10.46%
SpS7.75
BVpS25.92
TBVpS22.46
PEG (NY)0.84
PEG (5Y)N/A
Profitability
Industry RankSector Rank
ROA -0.25%
ROE -3.42%
ROCE N/A
ROIC N/A
ROICexc N/A
ROICexgc N/A
OM N/A
PM (TTM) N/A
GM N/A
FCFM 35.9%
ROA(3y)0.45%
ROA(5y)0.77%
ROE(3y)6.77%
ROE(5y)9.39%
ROIC(3y)N/A
ROIC(5y)N/A
ROICexc(3y)N/A
ROICexc(5y)N/A
ROICexgc(3y)N/A
ROICexgc(5y)N/A
ROCE(3y)N/A
ROCE(5y)N/A
ROICexcg growth 3YN/A
ROICexcg growth 5YN/A
ROICexc growth 3YN/A
ROICexc growth 5YN/A
OM growth 3YN/A
OM growth 5YN/A
PM growth 3YN/A
PM growth 5YN/A
GM growth 3YN/A
GM growth 5YN/A
F-Score3
Asset Turnover0.02
Health
Industry RankSector Rank
Debt/Equity 0.05
Debt/FCF 0.42
Debt/EBITDA N/A
Cap/Depr 84.05%
Cap/Sales 2.68%
Interest Coverage N/A
Cash Conversion N/A
Profit Quality N/A
Current Ratio N/A
Quick Ratio N/A
Altman-Z N/A
F-Score3
WACC15.08%
ROIC/WACCN/A
Cap/Depr(3y)108.94%
Cap/Depr(5y)98.23%
Cap/Sales(3y)3.13%
Cap/Sales(5y)2.48%
Profit Quality(3y)N/A
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)-8.86%
EPS 3Y-18.74%
EPS 5Y-8.79%
EPS Q2Q%-4.69%
EPS Next Y13.83%
EPS Next 2Y13.25%
EPS Next 3YN/A
EPS Next 5YN/A
Revenue 1Y (TTM)-16.64%
Revenue growth 3Y-23.95%
Revenue growth 5Y-12.88%
Sales Q2Q%86.55%
Revenue Next Year20.97%
Revenue Next 2Y14.91%
Revenue Next 3YN/A
Revenue Next 5YN/A
EBIT growth 1YN/A
EBIT growth 3YN/A
EBIT growth 5YN/A
EBIT Next YearN/A
EBIT Next 3YN/A
EBIT Next 5YN/A
FCF growth 1Y102.1%
FCF growth 3Y-17.99%
FCF growth 5Y-5.26%
OCF growth 1Y82.48%
OCF growth 3Y-16.98%
OCF growth 5Y-4.71%