Washington Trust Bancorp, Inc. operates as the bank holding company for The Washington Trust Company, of Westerly that offers various banking and financial services to individuals and businesses. The company operates in two segments, Commercial Banking and Wealth Management Services. The Commercial Banking segment provides various commercial and retail lending products, such as commercial real estate loans, including commercial mortgages and construction loans; commercial and industrial loans; residential real estate loans that consist of mortgage and homeowner construction loans; and consumer loans comprising home equity loans and lines of credit, personal installment loans, and loans to individuals secured by general aviation aircraft. This segment also offers deposit accounts, including interest-bearing and noninterest-bearing demand deposits, NOW and savings accounts, money market and retirement deposit accounts, and time deposits, as well as debit card, automated teller machine, telephone banking, internet banking, mobile banking, remote deposit capture, and other cash management services. The Wealth Management Services segment provides investment management; financial planning; personal trust and estate services, such as trustee, personal representative, custodian, and guardian; and settlement of decedents' estates, as well as institutional trust services comprising custody and fiduciary services. This segment serves personal and institutional clients. The company also operates as a licensed broker-dealer; and offers variable annuities and college savings plans. As of December 31, 2021, it had 10 branch offices located in southern Rhode Island, 13 branch offices located in the greater Providence area in Rhode Island, and 1 branch office located in southeastern Connecticut. Washington Trust Bancorp, Inc. was founded in 1800 and is headquartered in Westerly, Rhode Island.
Company profile
Ticker
WASH
Exchange
Website
CEO
Mr. Edward Otis Handy III
Employees
Incorporated
Location
Fiscal year end
Sector
Industry (SIC)
Former names
AMERICAN INTERNATIONAL GROUP INC
SEC CIK
Corporate docs
Subsidiaries
The Washington Trust Company ...
IRS number
50404671
WASH stock data
Analyst ratings and price targets
Latest filings (excl ownership)
10-Q
2024 Q3
Quarterly report
7 Nov 24
8-K
Washington Trust Reports Third Quarter 2024 Earnings
21 Oct 24
10-Q
2024 Q2
Quarterly report
6 Aug 24
8-K
Washington Trust Reports Second Quarter 2024 Earnings
22 Jul 24
8-K
Departure of Directors or Certain Officers
28 May 24
10-Q
2024 Q1
Quarterly report
7 May 24
8-K
Departure of Directors or Certain Officers
25 Apr 24
8-K
Washington Trust Reports First Quarter 2024 Earnings
22 Apr 24
DEFA14A
Additional proxy soliciting materials
12 Mar 24
DEF 14A
Definitive proxy
12 Mar 24
Transcripts
WASH
Earnings call transcript
2024 Q3
22 Oct 24
WASH
Earnings call transcript
2024 Q2
23 Jul 24
WASH
Earnings call transcript
2024 Q1
22 Apr 24
WASH
Earnings call transcript
2023 Q4
25 Jan 24
WASH
Earnings call transcript
2023 Q3
24 Oct 23
WASH
Earnings call transcript
2023 Q2
25 Jul 23
WASH
Earnings call transcript
2023 Q2
25 Jul 23
WASH
Earnings call transcript
2023 Q1
24 Apr 23
WASH
Earnings call transcript
2022 Q4
26 Jan 23
WASH
Earnings call transcript
2022 Q3
25 Oct 22
Latest ownership filings
SC 13G
DIMENSIONAL FUND ADVISORS LP
31 Oct 24
4
Anthony A Botelho
25 Oct 24
4
Anthony A Botelho
22 Oct 24
4
Anthony A Botelho
29 Jul 24
3
Anthony A Botelho
5 Jul 24
4
Angel Taveras
24 Jun 24
4
Edwin J Santos
24 Jun 24
4
JOHN T RUGGIERI
24 Jun 24
4
Sandra Parrillo
24 Jun 24
4
Lisa M. Stanton
24 Jun 24
Financial summary
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Annual (USD) | Dec 23 | Dec 22 | Dec 21 | Dec 20 | |
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Institutional ownership, Q2 2024
73.6% owned by funds/institutions
13F holders | Current |
---|---|
Total holders | 124 |
Opened positions | 18 |
Closed positions | 11 |
Increased positions | 52 |
Reduced positions | 34 |
13F shares | Current |
---|---|
Total value | 313.79 bn |
Total shares | 12.56 mm |
Total puts | 6.90 k |
Total calls | 10.40 k |
Total put/call ratio | 0.7 |
Largest owners | Shares | Value |
---|---|---|
BLK BlackRock | 2.21 mm | $60.50 bn |
FMR | 1.36 mm | $37.31 bn |
Vanguard | 951.92 k | $26.09 bn |
Franklin Mutual Advisers | 940.28 k | $0.00 |
Dimensional Fund Advisors | 826.06 k | $22.64 bn |
WASHINGTON TRUST | 601.23 k | $16.48 bn |
STT State Street | 533.07 k | $14.61 bn |
Geode Capital Management | 413.14 k | $11.33 bn |
IVZ Invesco | 374.78 k | $10.27 bn |
Hotchkis & Wiley Capital Management | 350.27 k | $9.60 bn |
Recent insider trades
Date | Owner | Security | Transaction | Code | Indirect | 10b5-1 | $Price | #Shares | $Value | #Remaining |
---|---|---|---|---|---|---|---|---|---|---|
24 Oct 24 | Anthony A Botelho | Common Stock | Other | Dispose J | No | No | 0 | 166 | 0.00 | 4,022 |
19 Oct 24 | Anthony A Botelho | Common Stock | Payment of exercise | Dispose F | No | No | 33.1 | 144 | 4.77 k | 4,188 |
25 Jul 24 | Anthony A Botelho | Common Stock | Other | Dispose J | No | No | 0 | 283 | 0.00 | 4,332 |
20 Jun 24 | DiMuccio Robert A | Common Stock | Grant | Acquire A | No | No | 0 | 1,360 | 0.00 | 17,649.898 |
News
Piper Sandler Upgrades Washington Trust Bancorp to Neutral, Raises Price Target to $34
22 Oct 24
Washington Trust Bancorp Q3 2024 GAAP EPS $0.64 Beats $0.56 Estimate, Sales $32.262M Beat $31.628M Estimate
21 Oct 24
Washington Trust Bancorp's Earnings: A Preview
18 Oct 24
A Peek at Washington Trust Bancorp's Future Earnings
18 Oct 24
Press releases
Washington Trust Named #1 Bank in Annual Community Choice Awards
4 Nov 24
Washington Trust Reports Third Quarter 2024 Earnings
21 Oct 24
Washington Trust Announces Date of Third Quarter 2024 Earnings Release, Conference Call and Webcast
8 Oct 24
Washington Trust Receives Top Workplace Wellness Awards
3 Oct 24
Washington Trust expands its RI Community Lending Program with new Home Equity Loans
1 Oct 24