Washington Trust Bancorp Inc reports results for the quarter ended June 30 - Earnings Summary

• Washington Trust Bancorp Inc WASH.OQ reported quarterly adjusted earnings of 68 cents​​ per share for the quarter ended June 30, higher than the same quarter last year, when the company reported EPS of 63 cents. The mean expectation of four analysts for the quarter was for earnings of 63 cents per share. Wall Street expected results to range from 56 cents to 67 cents per share.

• Revenue rose 17.7% to $37.19 million from a year ago; analysts expected $37.31 million.

• Washington Trust Bancorp Inc's reported EPS for the quarter was 68 cents​.

• The company reported quarterly net income of $13.25 million.

• Washington Trust Bancorp Inc shares had risen by 2.8% this quarter and lost 7.2% so far this year.

FORECAST CHANGES

• The mean earnings estimate of analysts had fallen by about 6.1% in the last three months.​

• In the last 30 days, there have been no negative revisions of earnings estimates

RECOMMENDATIONS

• The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 1 "strong buy" or "buy," 3 "hold" and no "sell" or "strong sell." The average consensus recommendation for the banks peer group is "buy."

• Wall Street's median 12-month price target for Washington Trust Bancorp Inc is $30.00, about 3.1% above its last closing price of $29.08

This summary was machine generated from LSEG data July 21 at 09:01 p.m. UTC. ​All figures in US dollars unless otherwise stated. (For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com)