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WASHINGTON TRUST BANCORP (WASH) Stock Fundamental Analysis

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

29.28  +0.56 (+1.95%)

After market: 29.28 0 (0%)

Fundamental Rating

3

Taking everything into account, WASH scores 3 out of 10 in our fundamental rating. WASH was compared to 395 industry peers in the Banks industry. WASH may be in some trouble as it scores bad on both profitability and health. WASH is not valued too expensively and it also shows a decent growth rate.


Dividend Valuation Growth Profitability Health

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2

1. Profitability

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.
WASH had a positive operating cash flow in each of the past 5 years.
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's Return On Assets of -0.24% is on the low side compared to the rest of the industry. WASH is outperformed by 92.66% of its industry peers.
The Return On Equity of WASH (-3.04%) is worse than 93.42% of its industry peers.
Industry RankSector Rank
ROA -0.24%
ROE -3.04%
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
Compared to 5 years ago, WASH has more shares outstanding
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

The Debt to FCF ratio of WASH is 0.37, which is an excellent value as it means it would take WASH, only 0.37 years of fcf income to pay off all of its debts.
The Debt to FCF ratio of WASH (0.37) is better than 84.05% 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.
With an excellent Debt to Equity ratio value of 0.04, WASH belongs to the best of the industry, outperforming 81.52% of the companies in the same industry.
Industry RankSector Rank
Debt/Equity 0.04
Debt/FCF 0.37
Altman-Z N/A
ROIC/WACCN/A
WACC15.76%
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

WASH shows a slight negative growth in Earnings Per Share. In the last year, the EPS has decreased by -8.86%.
Measured over the past years, WASH shows a decrease in Earnings Per Share. The EPS has been decreasing by -8.79% on average per year.
WASH shows a very negative growth in Revenue. In the last year, the Revenue has decreased by -16.64%.
The Revenue for WASH have been decreasing by -12.88% on average. This is quite bad
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%15.02%

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 11.54% yearly.
WASH is expected to show quite a strong growth in Revenue. In the coming years, the Revenue will grow by 14.61% yearly.
EPS Next Y7.18%
EPS Next 2Y11.54%
EPS Next 3YN/A
EPS Next 5YN/A
Revenue Next Year19.61%
Revenue Next 2Y14.61%
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 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

The Price/Earnings ratio is 11.85, which indicates a very decent valuation of WASH.
60.51% of the companies in the same industry are more expensive than WASH, based on the Price/Earnings ratio.
The average S&P500 Price/Earnings ratio is at 27.28. WASH is valued rather cheaply when compared to this.
Based on the Price/Forward Earnings ratio of 9.41, the valuation of WASH can be described as reasonable.
Compared to the rest of the industry, the Price/Forward Earnings ratio of WASH indicates a somewhat cheap valuation: WASH is cheaper than 64.56% of the companies listed in the same industry.
WASH is valuated cheaply when we compare the Price/Forward Earnings ratio to 21.76, which is the current average of the S&P500 Index.
Industry RankSector Rank
PE 11.85
Fwd PE 9.41
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

Based on the Price/Free Cash Flow ratio, WASH is valued a bit cheaper than the industry average as 70.63% of the companies are valued more expensively.
Industry RankSector Rank
P/FCF 9.3
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 PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates a correct valuation of the company.
PEG (NY)1.65
PEG (5Y)N/A
EPS Next 2Y11.54%
EPS Next 3YN/A

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6

5. Dividend

5.1 Amount

With a Yearly Dividend Yield of 7.95%, WASH is a good candidate for dividend investing.
WASH's Dividend Yield is rather good when compared to the industry average which is at 3.47. WASH pays more dividend than 97.97% of the companies in the same industry.
Compared to an average S&P500 Dividend Yield of 2.42, WASH pays a better dividend.
Industry RankSector Rank
Dividend Yield 7.95%

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.
Dividend Growth(5Y)1.42%
Div Incr Years0
Div Non Decr Years0
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-250%
EPS Next 2Y11.54%
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 (7/2/2025, 8:04:46 PM)

After market: 29.28 0 (0%)

29.28

+0.56 (+1.95%)

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 Owners69.86%
Inst Owner Change1.93%
Ins Owners1.12%
Ins Owner Change9.49%
Market Cap564.81M
Analysts76
Price Target31.37 (7.14%)
Short Float %4.7%
Short Ratio6.21
Dividend
Industry RankSector Rank
Dividend Yield 7.95%
Yearly Dividend2.12
Dividend Growth(5Y)1.42%
DP-250%
Div Incr Years0
Div Non Decr Years0
Ex-Date04-01 2025-04-01 (0.56)
Surprises & Revisions
EPS beat(2)1
Avg EPS beat(2)0.05%
Min EPS beat(2)-5.07%
Max EPS beat(2)5.17%
EPS beat(4)3
Avg EPS beat(4)9.5%
Min EPS beat(4)-5.07%
Max EPS beat(4)25.2%
EPS beat(8)7
Avg EPS beat(8)15.1%
EPS beat(12)9
Avg EPS beat(12)9.62%
EPS beat(16)12
Avg EPS beat(16)9.24%
Revenue beat(2)1
Avg Revenue beat(2)0.11%
Min Revenue beat(2)-2.96%
Max Revenue beat(2)3.18%
Revenue beat(4)3
Avg Revenue beat(4)0.08%
Min Revenue beat(4)-2.96%
Max Revenue beat(4)3.18%
Revenue beat(8)3
Avg Revenue beat(8)-1.14%
Revenue beat(12)7
Avg Revenue beat(12)10.32%
Revenue beat(16)11
Avg Revenue beat(16)22.15%
PT rev (1m)-2.89%
PT rev (3m)-13.38%
EPS NQ rev (1m)-4.85%
EPS NQ rev (3m)-9.31%
EPS NY rev (1m)-1.71%
EPS NY rev (3m)-5.84%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)-1.88%
Revenue NY rev (1m)0%
Revenue NY rev (3m)-1.67%
Valuation
Industry RankSector Rank
PE 11.85
Fwd PE 9.41
P/S 3.54
P/FCF 9.3
P/OCF 8.8
P/B 1.08
P/tB 1.24
EV/EBITDA N/A
EPS(TTM)2.47
EY8.44%
EPS(NY)3.11
Fwd EY10.62%
FCF(TTM)3.15
FCFY10.75%
OCF(TTM)3.33
OCFY11.36%
SpS8.28
BVpS27.04
TBVpS23.59
PEG (NY)1.65
PEG (5Y)N/A
Profitability
Industry RankSector Rank
ROA -0.24%
ROE -3.04%
ROCE N/A
ROIC N/A
ROICexc N/A
ROICexgc N/A
OM N/A
PM (TTM) N/A
GM N/A
FCFM 38.01%
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 0.04
Debt/FCF 0.37
Debt/EBITDA N/A
Cap/Depr 74.49%
Cap/Sales 2.17%
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
WACC15.76%
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 Y7.18%
EPS Next 2Y11.54%
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%15.02%
Revenue Next Year19.61%
Revenue Next 2Y14.61%
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 1Y-23.25%
FCF growth 3Y-17.99%
FCF growth 5Y-5.26%
OCF growth 1Y-24.95%
OCF growth 3Y-16.98%
OCF growth 5Y-4.71%