Washington Trust Bancorp (NASDAQ: WASH) is one of 211 public companies in the “Commercial Banks” industry, but how does it compare to its peers? We will compare Washington Trust Bancorp to related companies based on the strength of its institutional ownership, valuation, dividends, analyst recommendations, profitability, earnings and risk.
Washington Trust Bancorp pays an annual dividend of $1.56 per share and has a dividend yield of 3.0%. Washington Trust Bancorp pays out 54.0% of its earnings in the form of a dividend. As a group, “Commercial Banks” companies pay a dividend yield of 1.9% and pay out 35.0% of their earnings in the form of a dividend.
Institutional and Insider Ownership
55.3% of Washington Trust Bancorp shares are owned by institutional investors. Comparatively, 46.4% of shares of all “Commercial Banks” companies are owned by institutional investors. 2.6% of Washington Trust Bancorp shares are owned by insiders. Comparatively, 11.7% of shares of all “Commercial Banks” companies are owned by insiders. Strong institutional ownership is an indication that large money managers, hedge funds and endowments believe a stock will outperform the market over the long term.
This is a summary of current ratings and target prices for Washington Trust Bancorp and its peers, as reported by MarketBeat.com.
|Sell Ratings||Hold Ratings||Buy Ratings||Strong Buy Ratings||Rating Score|
|Washington Trust Bancorp||0||2||0||0||2.00|
|Washington Trust Bancorp Competitors||361||2851||2309||66||2.37|
Washington Trust Bancorp currently has a consensus target price of $55.00, suggesting a potential upside of 4.07%. As a group, “Commercial Banks” companies have a potential upside of 9.18%. Given Washington Trust Bancorp’s peers stronger consensus rating and higher possible upside, analysts clearly believe Washington Trust Bancorp has less favorable growth aspects than its peers.
This table compares Washington Trust Bancorp and its peers’ net margins, return on equity and return on assets.
|Net Margins||Return on Equity||Return on Assets|
|Washington Trust Bancorp||23.63%||12.44%||1.14%|
|Washington Trust Bancorp Competitors||20.70%||8.82%||0.94%|
Volatility and Risk
Washington Trust Bancorp has a beta of 0.76, suggesting that its stock price is 24% less volatile than the S&P 500. Comparatively, Washington Trust Bancorp’s peers have a beta of 0.74, suggesting that their average stock price is 26% less volatile than the S&P 500.
Earnings and Valuation
This table compares Washington Trust Bancorp and its peers gross revenue, earnings per share and valuation.
|Gross Revenue||NetIncome||Price/Earnings Ratio|
|Washington Trust Bancorp||$198.60 million||$46.48 million||18.29|
|Washington Trust Bancorp Competitors||$341.18 million||$71.82 million||20.95|
Washington Trust Bancorp’s peers have higher revenue and earnings than Washington Trust Bancorp. Washington Trust Bancorp is trading at a lower price-to-earnings ratio than its peers, indicating that it is currently more affordable than other companies in its industry.
Washington Trust Bancorp peers beat Washington Trust Bancorp on 9 of the 15 factors compared.
Washington Trust Bancorp Company Profile
Washington Trust Bancorp, Inc. is a bank holding company and financial holding company. The Company is a holding company of The Washington Trust Company, of Westerly (the Bank), a Rhode Island chartered commercial bank. The Company operates through two business segments: Commercial Banking and Wealth Management Services. The Company offers a range of product lines of banking and financial services to individuals and businesses, including commercial, residential and consumer lending, retail and commercial deposit products, and wealth management services through its offices in Rhode Island, eastern Massachusetts and Connecticut; its automated teller machines (ATMs); telephone banking; mobile banking and its Internet Website (www.washtrust.com). Its investment securities portfolio amounted to $755.5 million, as of December 31, 2016. The Company’s total loan portfolio amounted to $3.2 billion, as of December 31, 2016.
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