As of May 3, 2024, the Washington Trust Bancorp stock's price-to-earnings ratio is 9.41. This results from the current EPS of $2.82 and stock price of $26.54. The P/E ratio has increased by 2.4% from the past four quarters average of 9.2.
The PE ratio of Washington Trust Bancorp has averaged 13.62 over the last ten years. The current PE ratio of 9.41 is 31% below the historical average. In the past ten years, WASH's PE ratio was at its highest in the Dec 2016 quarter at 20.61, when the stock price was $56.05 and the EPS was $2.72. The lowest value was in the Jun 2023 quarter, when it reached 7.77 with a price of $26.81 and an EPS of $3.45.
Maximum annual increase: 34.01% in 2016
Maximum annual decrease: -39.91% in 2018
| Year | PE ratio | Change |
|---|---|---|
| 2023 | 11.48 | 0.7% |
| 2022 | 11.4 | -10.38% |
| 2021 | 12.72 | 14.39% |
| 2020 | 11.12 | -17.75% |
| 2019 | 13.52 | 12.39% |
| 2018 | 12.03 | -39.91% |
| 2017 | 20.02 | -2.86% |
| 2016 | 20.61 | 34.01% |
| 2015 | 15.38 | -6.62% |
| 2014 | 16.47 | -3.51% |
WASH's current P/E ratio is lower than the 3, 5 and 10-year averages.
Compared to its peers INDB and BRKL, WASH's PE ratio stands lower, however it is higher than WBS's and EBTC's. Washington Trust Bancorp's current PE ratio of 9.41 is comparable to the average of its peer group, which is 9.56.
| Stock name | PE ratio | Market cap |
|---|---|---|
| EBTC Enterprise Bancorp Inc | 8.14 | $310.9M |
| WBS Webster Financial Corp | 9.15 | $7.72B |
| WASH Washington Trust Bancorp Inc | 9.41 | $452.06M |
| INDB Independent Bank Corp | 9.58 | $2.2B |
| BRKL Brookline Bancorp Inc | 10.41 | $786.72M |
| UNB Union Bankshares Inc | 10.5 | $118.63M |
The price to earnings ratio for WASH stock as of May 3, 2024, stands at 9.41.
Over the last 3 years, the average price to earnings ratio for WASH stock is 10.85.
Over the last 5 years, the average price to earnings ratio for WASH stock is 10.89.
In the last ten years, the Dec 2016 quarter recorded the highest quarterly PE ratio at 20.61.
WASH's price to earnings ratio is currently 31% below its 10-year historical average.
WASH's PE ratio is low because the stock price is relatively cheap compared to the earnings generated by the company.
The PE ratio is calculated by taking the latest stock price and dividing it by the EPS for the last 12 months. As of today (May 3, 2024), Washington Trust Bancorp's stock price is $26.54. The earnings per share for the trailing twelve months (TTM) ending Dec 2023 is $2.82. Therefore, Washington Trust Bancorp's P/E ratio for today is 9.41. PE RATIO(9.41) = STOCK PRICE($26.54) / TTM EPS($2.82)
All PE ratio stats are based on quarterly TTM periods, unless otherwise specified.