Washington Trust Bancorp raised to Neutral at Piper

Washington Trust Bancorp raised to Neutral at Piper after Q3 earnings beat; stock climbs
Washington Trust Bancorp (NASDAQ:WASH) stock gapped up 5.7% in Tuesday late morning trading after posting better-than-expected Q3 earnings and revenue, which spurred Piper Sandler analyst Mark Fitzgibbon to upgrade the regional bank to Neutral from Underweight.
Compared to Estimates, Washington Trust (WASH) Q3 Earnings: A Look at Key Metrics
For the quarter ended September 2024, Washington Trust Bancorp (WASH) reported revenue of $48.53 million, down 0.9% over the same period last year. EPS came in at $0.64, compared to $0.65 in the year-ago quarter.
A Peek at Washington Trust Bancorp's Future Earnings
Analysts anticipate Washington Trust Bancorp to report an earnings per share (EPS) of $0.56. Investors in Washington Trust Bancorp are eagerly awaiting the company's announcement, hoping for news of surpassing estimates and positive guidance for the next quarter.
Washington Trust upgraded to Neutral at Piper Sandler after Q3 report
Piper Sandler upgraded Washington Trust (WASH) to Neutral from Underweight with a price target of $34, up from $30. In light of the quarterly
Washington Trust Bancorp (WASH) Tops Q3 Earnings and Revenue Estimates
Washington Trust Bancorp (WASH) came out with quarterly earnings of $0.64 per share, beating the Zacks Consensus Estimate of $0.56 per share. This compares to earnings of $0.65 per share a year ago. These figures are adjusted for non-recurring items.
Washington Trust: Q3 Earnings Snapshot
The Westerly, Rhode Island-based bank said it had earnings of 64 cents per share. The holding company for The Washington Trust Co. posted revenue of $103.9 million in the period. Its revenue net of interest expense was $48.
Washington Trust Bancorp, Inc. (WASH) Q3 2024 Earnings Call Transcript
Washington Trust Bancorp, Inc. ( NASDAQ: WASH) Q3 2024 Earnings Conference Call October 22, 2024 8:30 AM ET
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