Washington Trust Bancorp Sees 7.3% Earnings Upgrade, 6.2% Dividend Yield
Washington Trust Bancorp’s current year earnings consensus estimate has risen 7.3% over the past 60 days while securing a Zacks Rank #1. The bank offers a 6.2% dividend yield, markedly above the 2.3% industry average.
1. Consensus Estimate Upgrade
Over the past 60 days, Washington Trust Bancorp’s current year earnings consensus estimate has climbed by 7.3%, reflecting analyst revisions based on stronger-than-expected performance in its core banking operations.
2. Dividend Yield Advantage
The company holds a Zacks Rank #1 and provides a trailing dividend yield of 6.2%, significantly exceeding the 2.3% average yield of its banking industry peers.
3. Implications for Investors
The combination of an upward earnings revision and a high dividend yield may bolster WASH’s appeal to income-focused investors seeking both yield and potential dividend growth.