What Makes Washington Trust a New Strong Buy Stock
WASH Stock | USD 37.14 0.18 0.48% |
Under 61% of Washington Trust's investor base is looking to short. The analysis of overall sentiment of trading Washington Trust Bancorp stock suggests that many investors are alarmed at this time. Washington Trust's investing sentiment shows overall attitude of investors towards Washington Trust Bancorp.
Washington |
Washington Trust has been upgraded to a Zacks Rank 1 , reflecting growing optimism about the companys earnings prospects. This might drive the stock higher in the near term.
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Washington Trust Fundamental Analysis
We analyze Washington Trust's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Washington Trust using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Washington Trust based on its fundamental data. In general, a quantitative approach, as applied to this company, focuses on analyzing financial statements comparatively, whereas a qaualitative method uses data that is important to a company's growth but cannot be measured and presented in a numerical way.
Shares Owned By Institutions
Shares Owned By Institutions Comparative Analysis
Washington Trust is currently under evaluation in shares owned by institutions category among its peers. Shares Owned by Institutions show the percentage of the outstanding shares of stock issued by a company that is currently owned by other institutions such as asset management firms, hedge funds, or investment banks. Many investors like investing in companies with a large percentage of the firm owned by institutions because they believe that larger firms such as banks, pension funds, and mutual funds, will invest when they think that good things are going to happen.
Washington Trust Bancorp Potential Pair-trading
One of the popular trading techniques among algorithmic traders is to use market-neutral strategies where every trade hedges away some risk. Because there are two separate transactions required, even if one position performs unexpectedly, the other equity can make up some of the losses. Below are some of the equities that can be combined with Washington Trust stock to make a market-neutral strategy. Peer analysis of Washington Trust could also be used in its relative valuation, which is a method of valuing Washington Trust by comparing valuation metrics with similar companies.
Peers
Washington Trust Related Equities
RBKB | Rhinebeck Bancorp | 1.63 | ||||
BFIN | BankFinancial | 1.13 | ||||
HONE | HarborOne Bancorp | 0.94 | ||||
WMPN | William Penn | 0.46 | ||||
GSBC | Great Southern | 0.42 | ||||
PKBK | Parke Bancorp | 0.21 | ||||
WSBF | Waterstone Financial | 0.20 | ||||
MPB | Mid Penn | 0.06 | ||||
HBCP | Home Bancorp | 0.1 | ||||
EBC | Eastern Bankshares | 0.21 | ||||
HTBK | Heritage Commerce | 0.38 | ||||
INDB | Independent Bank | 0.50 | ||||
CPF | Central Pacific | 0.65 | ||||
UVSP | Univest Pennsylvania | 0.69 | ||||
BFST | Business First | 0.77 | ||||
NBHC | National Bank | 0.87 | ||||
CNOB | ConnectOne Bancorp | 0.90 | ||||
FBNC | First Bancorp | 1.17 | ||||
BRKL | Brookline Bancorp | 1.18 | ||||
STBA | ST Bancorp | 1.34 | ||||
RBCAA | Republic Bancorp | 1.40 | ||||
CFFN | Capitol Federal | 1.47 |
Complementary Tools for Washington Stock analysis
When running Washington Trust's price analysis, check to measure Washington Trust's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Washington Trust is operating at the current time. Most of Washington Trust's value examination focuses on studying past and present price action to predict the probability of Washington Trust's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Washington Trust's price. Additionally, you may evaluate how the addition of Washington Trust to your portfolios can decrease your overall portfolio volatility.
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