Washington Trust Reports Record Second Quarter 2015 Earnings

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Compass Point Raises Price Target on Washington Trust Bancorp (WASH) Following 2Q Results

July 21, 2015 7:58 AM EDT

Compass Point reiterated a Neutral rating on Washington Trust Bancorp (NASDAQ: WASH), and raised the price target to $40.00 (from $38.00), following 2Q15 results. WASH reported 2Q EPS of $0.68, ahead of $0.65 consensus.

Analyst Laurie Hunsicker commented, "We reiterate our Neutral rating and raise our price target (PT) from $38 to $40, representing 2.3x tangible book (TB) and 14x FY16E EPS.... More

Washington Trust Bancorp (WASH) Tops Q2 EPS by 3c

July 20, 2015 4:22 PM EDT

Washington Trust Bancorp (NASDAQ: WASH) reported Q2 EPS of $0.68, $0.03 better than the analyst estimate of $0.65. Revenue for the quarter came in at $26 million versus the consensus estimate of $25.99 million.

"Washington Trust once again posted solid quarterly results, reflecting the strength of our diversified... More