Washington Trust Bancorp Inc (WASH) Stock AnalysisWASHWashington Trust Bancorp Inc

Washington Trust Bancorp, Inc. is a holding company of The Washington Trust Company (the Bank). The Bank is a state-chartered bank and financial services company. The Company operates through two segments: Commercial Banking and Wealth Management Services. The Commercial Banking segment includes commercial, residential and consumer lending activities; mortgage banking activities, deposit generation, cash management activities, banking activities, including customer support and the operation of automated teller machines (ATMs), telephone banking, Internet banking and mobile banking services; as well as investment portfolio and wholesale funding activities. The Wealth Management Services segment includes investment management, holistic financial planning services, personal trust and estate services, including services as trustee, personal representative and custodian; settlement of decedents’ estates, and institutional trust services, including custody and fiduciary services. It operates in the Financials sector (STATE COMMERCIAL BANKS industry).

Washington Trust Bancorp Inc is a good buy right now due to its current price of $39.91 being close to its 52-week high of $40.54, and a strong RSI of 70.04 suggesting momentum. Additionally, the forward P/E ratio of 11.38 indicates it is reasonably valued compared to its earnings potential. The main risk is the limited growth potential in deposits and loans, which only grew by 1% sequentially, possibly impacting future performance.

4 analysts cover WASH: 1 rate it Buy, 3 Hold and 0 Sell. The average price target is 31.67.