New Branch Opening: Washington Trust plans to open its 29th full-service retail branch in Pawtucket in fall 2026, strategically expanding its presence in northern Rhode Island and enhancing access to financial services in a rapidly growing community.
Strategic Location: The new branch is situated on a main thoroughfare less than a quarter mile from Interstate 95 on- and off-ramps and adjacent to a RIPTA bus stop, facilitating customer access and improving overall banking experience.
Comprehensive Services: This branch will offer a wide range of financial solutions, including deposit products, mortgage and home equity loans, business banking solutions, and wealth management services, catering to the diverse needs of local residents and businesses.
Commitment to Community: Founded in 1800, Washington Trust has a long-standing commitment to supporting the economic vitality of Rhode Island, and the opening of this new branch underscores its dedication to community investment and long-term growth in the region.
WASH
$30.84+Infinity%1D
Analyst Views on WASH
Wall Street analysts forecast WASH stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for WASH is 31.67 USD with a low forecast of 28.00 USD and a high forecast of 36.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
3 Analyst Rating
Wall Street analysts forecast WASH stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for WASH is 31.67 USD with a low forecast of 28.00 USD and a high forecast of 36.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
1 Buy
2 Hold
0 Sell
Moderate Buy
Current: 30.780
Low
28.00
Averages
31.67
High
36.00
Current: 30.780
Low
28.00
Averages
31.67
High
36.00
Keefe Bruyette
Market Perform
maintain
$29 -> $30
2025-10-22
Reason
Keefe Bruyette
Price Target
$29 -> $30
2025-10-22
maintain
Market Perform
Reason
Keefe Bruyette raised the firm's price target on Washington Trust to $30 from $29 and keeps a Market Perform rating on the shares. Despite the recovery in shares, the profitability outlook remains subdued, the analyst tells investors in a research note.
Piper Sandler
Neutral -> Underweight
downgrade
$29 -> $28
2025-07-22
Reason
Piper Sandler
Price Target
$29 -> $28
2025-07-22
downgrade
Neutral -> Underweight
Reason
Piper Sandler downgraded Washington Trust to Underweight from Neutral with a price target of $28, down from $29.
Piper Sandler
Mark Fitzgibbon
Neutral -> Underweight
downgrade
$29 -> $28
2025-07-22
Reason
Piper Sandler
Mark Fitzgibbon
Price Target
$29 -> $28
2025-07-22
downgrade
Neutral -> Underweight
Reason
As previously reported, Piper Sandler analyst Mark Fitzgibbon downgraded Washington Trust to Underweight from Neutral with a price target of $28, down from $29. The firm sees the valuation as unattractive, and notes the company made clear on its earnings call that it doesn't intend to support the stock with share repurchases. Washington Trust's earnings stream can be a bit more volatile owing to the rate sensitive nature of its mortgage banking revenues, Piper adds. Lastly, the firm points out that with a dividend payout ratio that is well above peers, capital generation is likely to be slower and limit growth somewhat in the future.
BofA
Neutral
initiated
$28
2025-05-28
Reason
BofA
Price Target
$28
2025-05-28
initiated
Neutral
Reason
About WASH
Washington Trust Bancorp, Inc. is a holding company of The Washington Trust Company (the Bank). The Bank is a state-chartered bank and financial services company. The Company operates through two segments: Commercial Banking and Wealth Management Services. The Commercial Banking segment includes commercial, residential and consumer lending activities; mortgage banking activities, deposit generation, cash management activities, banking activities, including customer support and the operation of automated teller machines (ATMs), telephone banking, Internet banking and mobile banking services; as well as investment portfolio and wholesale funding activities. The Wealth Management Services segment includes investment management, holistic financial planning services, personal trust and estate services, including services as trustee, personal representative and custodian; settlement of decedents’ estates, and institutional trust services, including custody and fiduciary services.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
