WASHINGTON TRUST BANCORP (WASH) Fundamental Analysis & Valuation

NASDAQ:WASH • US9406101082

Current stock price

32.365 USD
+0.23 (+0.7%)
Last:

This WASH fundamental analysis includes valuation metrics, fair value assessment, financial health analysis, profitability trends, growth metrics and dividend sustainability analysis.

2

1. WASH Profitability Analysis

1.1 Basic Checks

  • WASH had positive earnings in the past year.
  • 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 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 0 50M 100M

1.2 Ratios

  • WASH has a worse Return On Assets (0.79%) than 62.99% of its industry peers.
  • WASH's Return On Equity of 9.61% is in line compared to the rest of the industry. WASH outperforms 56.96% of its industry peers.
Industry RankSector Rank
ROA 0.79%
ROE 9.61%
ROIC N/A
ROA(3y)0.35%
ROA(5y)0.69%
ROE(3y)4.72%
ROE(5y)8.7%
ROIC(3y)N/A
ROIC(5y)N/A
WASH Yearly ROA, ROE, ROICWASH Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 0 5 -5 10 15

1.3 Margins

  • WASH's Profit Margin of 22.81% is in line compared to the rest of the industry. WASH outperforms 40.94% of its industry peers.
  • In the last couple of years the Profit Margin of WASH has declined.
  • WASH does not have Operating Margin and Gross Margin available, so we won't be analyzing them here.
Industry RankSector Rank
OM N/A
PM (TTM) 22.81%
GM N/A
OM growth 3YN/A
OM growth 5YN/A
PM growth 3Y-11.32%
PM growth 5Y-5.79%
GM growth 3YN/A
GM growth 5YN/A
WASH Yearly Profit, Operating, Gross MarginsWASH Yearly Profit, Operating, Gross MarginsYearly Profit, Operating, Gross Margins 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 0 20 -20

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ROAROEROICOperating and Profit MarginShow most profitable peers

4

2. WASH Health Analysis

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 less shares outstanding
  • 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 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 5M 10M 15M
WASH Yearly Total Debt VS Total AssetsWASH Yearly Total Debt VS Total AssetsYearly Total Debt VS Total Assets 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2B 4B 6B

2.2 Solvency

  • The Debt to FCF ratio of WASH is 0.30, which is an excellent value as it means it would take WASH, only 0.30 years of fcf income to pay off all of its debts.
  • The Debt to FCF ratio of WASH (0.30) is better than 84.78% of its industry peers.
  • WASH has a Debt/Equity ratio of 0.04. This is a healthy value indicating a solid balance between debt and equity.
  • WASH has a better Debt to Equity ratio (0.04) than 82.41% of its industry peers.
Industry RankSector Rank
Debt/Equity 0.04
Debt/FCF 0.3
Altman-Z N/A
ROIC/WACCN/A
WACC13.54%
WASH Yearly LT Debt VS Equity VS FCFWASH Yearly LT Debt VS Equity VS FCFYearly LT Debt VS Equity VS FCF 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 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 2025 10M 20M 30M

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WACCDebt/EquityHow to determine the health of a companyAltman-Z scoreShow peers with great health

6

3. WASH Growth Analysis

3.1 Past

  • WASH shows a small growth in Earnings Per Share. In the last year, the EPS has grown by 7.20%.
  • The Earnings Per Share has been decreasing by -8.06% on average over the past years.
  • WASH shows a strong growth in Revenue. In the last year, the Revenue has grown by 53.23%.
  • The Revenue has been growing slightly by 0.20% on average over the past years.
EPS 1Y (TTM)7.2%
EPS 3Y-13.28%
EPS 5Y-8.06%
EPS Q2Q%40.68%
Revenue 1Y (TTM)53.23%
Revenue growth 3Y1.57%
Revenue growth 5Y0.2%
Sales Q2Q%23.72%

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 17.09% on average per year.
  • WASH is expected to show a strong growth in Revenue. In the coming years, the Revenue will grow by 21.52% yearly.
EPS Next Y29.88%
EPS Next 2Y17.09%
EPS Next 3YN/A
EPS Next 5YN/A
Revenue Next Year39.07%
Revenue Next 2Y21.52%
Revenue Next 3YN/A
Revenue Next 5YN/A

3.3 Evolution

  • The EPS growth rate is accelerating: in the next years the growth will be better than in the last years.
  • When comparing the Revenue growth rate of the last years to the growth rate of the upcoming years, we see that the growth is accelerating.
WASH Yearly Revenue VS EstimatesWASH Yearly Revenue VS EstimatesYearly Revenue VS Estimates 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 50M 100M 150M 200M
WASH Yearly EPS VS EstimatesWASH Yearly EPS VS EstimatesYearly EPS VS Estimates 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 1 2 3 4

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6

4. WASH Valuation Analysis

4.1 Price/Earnings Ratio

  • The Price/Earnings ratio is 12.08, which indicates a correct valuation of WASH.
  • WASH's Price/Earnings ratio is in line with the industry average.
  • Compared to an average S&P500 Price/Earnings ratio of 25.71, WASH is valued rather cheaply.
  • A Price/Forward Earnings ratio of 9.30 indicates a reasonable valuation of WASH.
  • Based on the Price/Forward Earnings ratio, WASH is valued a bit cheaper than 65.09% of the companies in the same industry.
  • WASH's Price/Forward Earnings ratio indicates a rather cheap valuation when compared to the S&P500 average which is at 23.83.
Industry RankSector Rank
PE 12.08
Fwd PE 9.3
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

  • 79.79% of the companies in the same industry are more expensive than WASH, based on the Price/Free Cash Flow ratio.
Industry RankSector Rank
P/FCF 8.09
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 17.09% in the coming years. This may justify a more expensive valuation.
PEG (NY)0.4
PEG (5Y)N/A
EPS Next 2Y17.09%
EPS Next 3YN/A

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Price/EarningsPrice/FCFFCF per shareEV/EBITDAPEG RATIOShow best valued peers

7

5. WASH Dividend Analysis

5.1 Amount

  • With a Yearly Dividend Yield of 6.52%, WASH is a good candidate for dividend investing.
  • WASH's Dividend Yield is rather good when compared to the industry average which is at 2.90. WASH pays more dividend than 96.33% of the companies in the same industry.
  • Compared to an average S&P500 Dividend Yield of 1.91, WASH pays a better dividend.
Industry RankSector Rank
Dividend Yield 6.52%

5.2 History

  • The dividend of WASH has a limited annual growth rate of 2.03%.
  • WASH has paid a dividend for at least 10 years, which is a reliable track record.
Dividend Growth(5Y)2.03%
Div Incr Years0
Div Non Decr Years0
WASH Yearly Dividends per shareWASH Yearly Dividends per shareYearly Dividends per share 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 0.5 1 1.5 2

5.3 Sustainability

  • WASH pays out 82.93% of its income as dividend. This is not a sustainable payout ratio.
  • WASH's earnings are growing more than its dividend. This makes the dividend growth sustainable.
DP82.93%
EPS Next 2Y17.09%
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 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 0 20M -20M 40M 60M 80M 100M
WASH Dividend Payout.WASH Dividend Payout, showing the Payout Ratio.WASH Dividend Payout.PayoutRetained Earnings

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WASH Fundamentals: All Metrics, Ratios and Statistics

WASHINGTON TRUST BANCORP

NASDAQ:WASH (3/16/2026, 3:55:01 PM)

32.365

+0.23 (+0.7%)

Chartmill FA Rating
GICS SectorFinancials
GICS IndustryGroupBanks
GICS IndustryBanks
Earnings (Last)01-28
Earnings (Next)04-20
Inst Owners69.07%
Inst Owner Change2.02%
Ins Owners1.42%
Ins Owner Change5.65%
Market Cap616.23M
Revenue(TTM)229.05M
Net Income(TTM)52.24M
Analysts76
Price Target35.7 (10.3%)
Short Float %4.24%
Short Ratio5.78
Dividend
Industry RankSector Rank
Dividend Yield 6.52%
Yearly Dividend2.26
Dividend Growth(5Y)2.03%
DP82.93%
Div Incr Years0
Div Non Decr Years0
Ex-Date01-02
Surprises & Revisions
EPS beat(2)2
Avg EPS beat(2)13.42%
Min EPS beat(2)8.64%
Max EPS beat(2)18.2%
EPS beat(4)3
Avg EPS beat(4)6.76%
Min EPS beat(4)-5.07%
Max EPS beat(4)18.2%
EPS beat(8)7
Avg EPS beat(8)13.6%
EPS beat(12)10
Avg EPS beat(12)11.13%
EPS beat(16)13
Avg EPS beat(16)9.25%
Revenue beat(2)1
Avg Revenue beat(2)0.17%
Min Revenue beat(2)-1.29%
Max Revenue beat(2)1.63%
Revenue beat(4)1
Avg Revenue beat(4)-1.23%
Min Revenue beat(4)-2.96%
Max Revenue beat(4)1.63%
Revenue beat(8)4
Avg Revenue beat(8)-0.38%
Revenue beat(12)5
Avg Revenue beat(12)0.95%
Revenue beat(16)9
Avg Revenue beat(16)10.53%
PT rev (1m)2.19%
PT rev (3m)15.7%
EPS NQ rev (1m)0%
EPS NQ rev (3m)6.11%
EPS NY rev (1m)1.11%
EPS NY rev (3m)8.6%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)25.59%
Revenue NY rev (1m)7.9%
Revenue NY rev (3m)27.79%
Valuation
Industry RankSector Rank
PE 12.08
Fwd PE 9.3
P/S 2.69
P/FCF 8.09
P/OCF 7.67
P/B 1.13
P/tB 1.3
EV/EBITDA N/A
EPS(TTM)2.68
EY8.28%
EPS(NY)3.48
Fwd EY10.75%
FCF(TTM)4
FCFY12.35%
OCF(TTM)4.22
OCFY13.03%
SpS12.03
BVpS28.55
TBVpS24.97
PEG (NY)0.4
PEG (5Y)N/A
Graham Number41.49
Profitability
Industry RankSector Rank
ROA 0.79%
ROE 9.61%
ROCE N/A
ROIC N/A
ROICexc N/A
ROICexgc N/A
OM N/A
PM (TTM) 22.81%
GM N/A
FCFM 33.24%
ROA(3y)0.35%
ROA(5y)0.69%
ROE(3y)4.72%
ROE(5y)8.7%
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
ROICexgc growth 3YN/A
ROICexgc growth 5YN/A
ROICexc growth 3YN/A
ROICexc growth 5YN/A
OM growth 3YN/A
OM growth 5YN/A
PM growth 3Y-11.32%
PM growth 5Y-5.79%
GM growth 3YN/A
GM growth 5YN/A
F-Score8
Asset Turnover0.03
Health
Industry RankSector Rank
Debt/Equity 0.04
Debt/FCF 0.3
Debt/EBITDA N/A
Cap/Depr 99.24%
Cap/Sales 1.83%
Interest Coverage N/A
Cash Conversion N/A
Profit Quality 145.71%
Current Ratio N/A
Quick Ratio N/A
Altman-Z N/A
F-Score8
WACC13.54%
ROIC/WACCN/A
Cap/Depr(3y)95.81%
Cap/Depr(5y)101.49%
Cap/Sales(3y)2.8%
Cap/Sales(5y)2.55%
Profit Quality(3y)N/A
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)7.2%
EPS 3Y-13.28%
EPS 5Y-8.06%
EPS Q2Q%40.68%
EPS Next Y29.88%
EPS Next 2Y17.09%
EPS Next 3YN/A
EPS Next 5YN/A
Revenue 1Y (TTM)53.23%
Revenue growth 3Y1.57%
Revenue growth 5Y0.2%
Sales Q2Q%23.72%
Revenue Next Year39.07%
Revenue Next 2Y21.52%
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 1Y41.85%
FCF growth 3Y-10.7%
FCF growth 5Y18.12%
OCF growth 1Y39.26%
OCF growth 3Y-10.76%
OCF growth 5Y17.08%

WASHINGTON TRUST BANCORP / WASH Fundamental Analysis FAQ

What is the ChartMill fundamental rating of WASHINGTON TRUST BANCORP (WASH) stock?

ChartMill assigns a fundamental rating of 4 / 10 to WASH.


What is the valuation status of WASHINGTON TRUST BANCORP (WASH) stock?

ChartMill assigns a valuation rating of 6 / 10 to WASHINGTON TRUST BANCORP (WASH). This can be considered as Fairly Valued.


How profitable is WASHINGTON TRUST BANCORP (WASH) stock?

WASHINGTON TRUST BANCORP (WASH) has a profitability rating of 2 / 10.


What is the earnings growth outlook for WASHINGTON TRUST BANCORP?

The Earnings per Share (EPS) of WASHINGTON TRUST BANCORP (WASH) is expected to grow by 29.88% in the next year.


Can you provide the dividend sustainability for WASH stock?

The dividend rating of WASHINGTON TRUST BANCORP (WASH) is 7 / 10 and the dividend payout ratio is 82.93%.