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WASHINGTON TRUST BANCORP (WASH) Stock Fundamental Analysis

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

25.93  -1.28 (-4.7%)

Fundamental Rating

4

WASH gets a fundamental rating of 4 out of 10. The analysis compared the fundamentals against 398 industry peers in the Banks industry. Both the profitability and financial health of WASH have multiple concerns. WASH has a decent growth rate and is not valued too expensively. WASH also has an excellent dividend rating.


Dividend Valuation Growth Profitability Health

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2

1. Profitability

1.1 Basic Checks

In the past year WASH was profitable.
WASH had a positive operating cash flow in the past year.
WASH had positive earnings in 4 of the past 5 years.
Each year in the past 5 years WASH had a positive operating cash flow.
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

Looking at the Return On Assets, with a value of -0.25%, WASH is doing worse than 93.47% of the companies in the same industry.
WASH's Return On Equity of -3.42% is on the low side compared to the rest of the industry. WASH is outperformed by 94.22% of its industry peers.
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

The Profit Margin and Operating Margin and Gross Margin are not available for WASH so they could not be analyzed.
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.
Compared to 1 year ago, WASH has more shares outstanding
The number of shares outstanding for WASH has been increased compared to 5 years ago.
The debt/assets ratio for WASH is higher compared to a year ago.
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

The Debt to FCF ratio of WASH is 0.42, which is an excellent value as it means it would take WASH, only 0.42 years of fcf income to pay off all of its debts.
Looking at the Debt to FCF ratio, with a value of 0.42, WASH belongs to the top of the industry, outperforming 85.18% of the companies in the same industry.
A Debt/Equity ratio of 0.05 indicates that WASH is not too dependend on debt financing.
WASH has a Debt to Equity ratio of 0.05. This is amongst the best in the industry. WASH outperforms 83.42% of its industry peers.
Industry RankSector Rank
Debt/Equity 0.05
Debt/FCF 0.42
Altman-Z N/A
ROIC/WACCN/A
WACC15.19%
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 strongly by -11.03% in the last year.
WASH shows a decrease in Earnings Per Share. Measured over the last years, the EPS has been decreasing by -8.79% yearly.
The Revenue for WASH has decreased by -22.65% in the past year. This is quite bad
WASH shows a very negative growth in Revenue. Measured over the last years, the Revenue has been decreasing by -12.88% yearly.
EPS 1Y (TTM)-11.03%
EPS 3Y-18.74%
EPS 5Y-8.79%
EPS Q2Q%-22.37%
Revenue 1Y (TTM)-22.65%
Revenue growth 3Y-23.95%
Revenue growth 5Y-12.88%
Sales Q2Q%0.86%

3.2 Future

Based on estimates for the next years, WASH will show a quite strong growth in Earnings Per Share. The EPS will grow by 13.25% on average per year.
WASH is expected to show quite a strong growth in Revenue. In the coming years, the Revenue will grow by 15.19% yearly.
EPS Next Y13.83%
EPS Next 2Y13.25%
EPS Next 3YN/A
EPS Next 5YN/A
Revenue Next Year21.64%
Revenue Next 2Y15.19%
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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5

4. Valuation

4.1 Price/Earnings Ratio

A Price/Earnings ratio of 10.37 indicates a reasonable 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.
WASH is valuated cheaply when we compare the Price/Earnings ratio to 28.29, which is the current average of the S&P500 Index.
A Price/Forward Earnings ratio of 9.11 indicates a reasonable valuation of WASH.
WASH's Price/Forward Earnings ratio is in line with the industry average.
WASH is valuated cheaply when we compare the Price/Forward Earnings ratio to 21.32, which is the current average of the S&P500 Index.
Industry RankSector Rank
PE 10.37
Fwd PE 9.11
WASH Price Earnings VS Forward Price EarningsWASH Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 5 10 15 20 25

4.2 Price Multiples

WASH's Price/Free Cash Flow ratio is in line with the industry average.
Industry RankSector Rank
P/FCF 9.32
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

WASH's low PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates a rather cheap valuation of the company.
WASH's earnings are expected to grow with 13.25% in the coming years. This may justify a more expensive valuation.
PEG (NY)0.75
PEG (5Y)N/A
EPS Next 2Y13.25%
EPS Next 3YN/A

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8

5. Dividend

5.1 Amount

With a Yearly Dividend Yield of 8.23%, WASH is a good candidate for dividend investing.
WASH's Dividend Yield is rather good when compared to the industry average which is at 3.66. WASH pays more dividend than 99.00% of the companies in the same industry.
Compared to an average S&P500 Dividend Yield of 2.51, WASH pays a better dividend.
Industry RankSector Rank
Dividend Yield 8.23%

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

WASH has negative earnings and hence a negative payout ratio. The dividend may be in danger.
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 (4/21/2025, 2:38:23 PM)

25.93

-1.28 (-4.7%)

Chartmill FA Rating
GICS SectorFinancials
GICS IndustryGroupBanks
GICS IndustryBanks
Earnings (Last)01-29 2025-01-29/amc
Earnings (Next)04-21 2025-04-21/bmo
Inst Owners68.99%
Inst Owner Change-0.27%
Ins Owners1.21%
Ins Owner Change7.41%
Market Cap499.93M
Analysts77.78
Price Target36.04 (38.99%)
Short Float %2.38%
Short Ratio2.51
Dividend
Industry RankSector Rank
Dividend Yield 8.23%
Yearly Dividend2.12
Dividend Growth(5Y)1.42%
DP-224.36%
Div Incr Years13
Div Non Decr Years19
Ex-Date04-01 2025-04-01 (1.12)
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)-0.47%
PT rev (3m)-3.2%
EPS NQ rev (1m)0%
EPS NQ rev (3m)12.03%
EPS NY rev (1m)0%
EPS NY rev (3m)4.1%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)13.45%
Revenue NY rev (1m)0%
Revenue NY rev (3m)9.03%
Valuation
Industry RankSector Rank
PE 10.37
Fwd PE 9.11
P/S 3.34
P/FCF 9.32
P/OCF 8.67
P/B 1
P/tB 1.15
EV/EBITDA N/A
EPS(TTM)2.5
EY9.64%
EPS(NY)2.85
Fwd EY10.97%
FCF(TTM)2.78
FCFY10.73%
OCF(TTM)2.99
OCFY11.54%
SpS7.75
BVpS25.92
TBVpS22.46
PEG (NY)0.75
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
WACC15.19%
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)-11.03%
EPS 3Y-18.74%
EPS 5Y-8.79%
EPS Q2Q%-22.37%
EPS Next Y13.83%
EPS Next 2Y13.25%
EPS Next 3YN/A
EPS Next 5YN/A
Revenue 1Y (TTM)-22.65%
Revenue growth 3Y-23.95%
Revenue growth 5Y-12.88%
Sales Q2Q%0.86%
Revenue Next Year21.64%
Revenue Next 2Y15.19%
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%