Washington Trust Net Worth
Washington Trust Net Worth Breakdown | WASH |
Washington Trust Net Worth Analysis
Washington Trust's net worth analysis, or its valuation, is the process of determining the total value of the company. This involves assessing a range of factors, including Washington Trust's financial performance, assets, liabilities, and potential for growth. The ultimate goal is to provide a clear understanding of Washington Trust's overall worth, which can help investors make informed investment decisions. There are several methods that can be used to perform Washington Trust's net worth analysis. One common approach is to calculate Washington Trust's market capitalization.Another approach is to use the price-to-earnings ratio (P/E ratio), which compares Washington Trust's stock price to its earnings per share (EPS). Discounted cash flow (DCF) analysis is another popular method for assessing Washington Trust's net worth. This approach calculates the present value of Washington Trust's future cash flows, taking into account factors such as growth rate, profitability, and risk. By comparing the present value of Washington Trust's cash flows to its current stock price, investors can gain a better understanding of the company's overall value. Finally, investors may use comparable company analysis to evaluate Washington Trust's net worth. This involves comparing Washington Trust's financial metrics to similar companies in the same industry. By identifying companies with similar financial characteristics, investors can gain insight into Washington Trust's net worth relative to its peers.
Enterprise Value |
|
To determine if Washington Trust is a good investment, evaluating the company's potential for future growth is also very important. This may include expanding into new markets, launching new products or services, or improving operational efficiency. Companies with strong growth prospects can be more attractive investments. This aspect of the research should be conducted in the context of the overall market and industry in which the company operates and should include an analysis of growth potential, competitive landscape, and any regulatory or economic factors that could impact the business. Some of the essential points regarding Washington Trust's net worth research are outlined below:
Washington Trust has high likelihood to experience some financial distress in the next 2 years | |
The company reported the previous year's revenue of 340.68 M. Net Loss for the year was (28.06 M) with profit before overhead, payroll, taxes, and interest of 98.25 M. | |
About 69.0% of the company outstanding shares are owned by institutional investors | |
Latest headline from seekingalpha.com: Washington Trust Bancorp declares 0.56 dividend |
Washington Trust Quarterly Good Will |
|
Washington Trust uses earnings reports to provide investors with an update of all three financial statements, including the income statement, the balance sheet, and the cash flow statement. Therefore, it is also crucial when considering investing in Washington Trust Bancorp. Every quarterly earnings report provides investors with an overview of sales, expenses, and net income for the most recent period. It also may provide a comparison to Washington Trust's previous reporting period. The quarterly earnings reports are usually disseminated to the public via Form 10-Q, which is a legal document filed with the Securities and Exchange Commission every quarter.
22nd of April 2024 Upcoming Quarterly Report | View | |
22nd of July 2024 Next Financial Report | View | |
31st of March 2024 Next Fiscal Quarter End | View | |
22nd of January 2025 Next Fiscal Year End | View | |
31st of December 2023 Last Quarter Report | View | |
31st of December 2023 Last Financial Announcement | View |
Washington Trust Target Price Consensus
Washington target price is determined by taking all analyst projections and averaging them out. There is no one specific way to measure analysts' performance other than comparing it to past results via a very sophisticated attribution analysis. Washington Trust's target price projections below should be used in combination with other traditional price prediction techniques such as stock price forecasting, investor sentiment analysis, technical analysis, earnings estimate, and various momentum models.
3 | Hold |
Most Washington analysts issue ratings four times a year, at intervals of three months. Ratings are usually accompanied by a target price to help potential investors understand Washington stock's fair price compared to its market value. Analysts arrive at stock ratings after researching the public financial statements of Washington Trust Bancorp, talking to its executives and customers, or listening to those companies' conference calls.
Macroaxis Advice Exposure ValuationWashington Trust Target Price Projection
Washington Trust's current and average target prices are 31.30 and 36.50, respectively. The current price of Washington Trust is the price at which Washington Trust Bancorp is currently trading. On the other hand, Washington Trust's target price is what analysts think the stock is worth or could sell for in the future. The more significant the discrepancy between the two prices, the more it stimulates investors to act.Current Price
Washington Trust Market Quote on 23rd of March 2025
Target Price
Analyst Consensus On Washington Trust Target Price
Know Washington Trust's Top Institutional Investors
Have you ever been surprised when a price of an equity instrument such as Washington Trust is soaring high without any particular reason? This is usually happening because many institutional investors are aggressively trading Washington Trust Bancorp backward and forwards among themselves. Washington Trust's institutional investor refers to the entity that pools money to purchase Washington Trust's securities or originate loans. Institutional investors include commercial and private banks, credit unions, insurance companies, pension funds, hedge funds, endowments, and mutual funds. Operating companies that invest excess capital in these types of assets may also be included in the term and may influence corporate governance by exercising voting rights in their investments.
Shares | Proshare Advisors Llc | 2024-12-31 | 215.9 K | Amvescap Plc. | 2024-12-31 | 212.2 K | Morgan Stanley - Brokerage Accounts | 2024-12-31 | 196.1 K | Aqr Capital Management Llc | 2024-12-31 | 181.7 K | Goldman Sachs Group Inc | 2024-12-31 | 177.9 K | Northern Trust Corp | 2024-12-31 | 174 K | Charles Schwab Investment Management Inc | 2024-12-31 | 171.5 K | Drexel Morgan & Company, Llc | 2024-12-31 | 166.9 K | Wellington Management Company Llp | 2024-12-31 | 154.8 K | Blackrock Inc | 2024-12-31 | 2.3 M | Fmr Inc | 2024-12-31 | 1.3 M |
Follow Washington Trust's market capitalization trends
The company currently falls under 'Small-Cap' category with a current market capitalization of 603.34 M.Market Cap |
|
Project Washington Trust's profitablity
Last Reported | Projected for Next Year | ||
Return On Capital Employed | 0.05 | 0.04 | |
Return On Equity | (0.06) | (0.05) |
When accessing Washington Trust's net worth, it's important to look at multiple sources and consider different scenarios. For example, gross profit margin measures Washington Trust's profitability after accounting for the cost of goods sold, while net profit margin measures profitability after accounting for all expenses. Other important metrics include return on assets, return on equity, and free cash flow. By reviewing multiple sources and metrics, you can gain a complete picture of Washington Trust's profitability and make more informed investment decisions.
Evaluate Washington Trust's management efficiency
The Washington Trust's current Return On Tangible Assets is estimated to increase to -0.0039. The current Return On Capital Employed is estimated to decrease to 0.04. As of now, Washington Trust's Fixed Asset Turnover is increasing as compared to previous years. Washington Trust's management efficiency ratios could be used to measure how well Washington Trust manages its routine affairs as well as how well it operates its assets and liabilities.Last Reported | Projected for Next Year | ||
Book Value Per Share | 29.14 | 28.89 | |
Tangible Book Value Per Share | 25.25 | 26.92 | |
Enterprise Value Over EBITDA | 25.09 | 14.01 | |
Price Book Value Ratio | 1.08 | 1.97 | |
Enterprise Value Multiple | 25.09 | 14.01 | |
Price Fair Value | 1.08 | 1.97 | |
Enterprise Value | 927.2 M | 973.6 M |
Leadership at Washington Trust emphasizes sustainable growth and financial prudence. Our analysis evaluates how these priorities impact the stock's performance in the market.
Enterprise Value Revenue 18.0678 | Revenue | Quarterly Revenue Growth (0) | Revenue Per Share | Return On Equity |
Some recent studies suggest that insider trading raises the cost of capital for securities issuers and decreases overall economic growth. Trading by specific Washington Trust insiders, such as employees or executives, is commonly permitted as long as it does not rely on Washington Trust's material information that is not in the public domain. Local jurisdictions usually require such trading to be reported in order to monitor insider transactions. In many U.S. states, trading conducted by corporate officers, key employees, directors, or significant shareholders must be reported to the regulator or publicly disclosed, usually within a few business days of the trade. In these cases Washington Trust insiders are required to file a Form 4 with the U.S. Securities and Exchange Commission (SEC) when buying or selling shares of their own companies.
Washington Trust Corporate Filings
8K | 21st of March 2025 Report filed with the SEC to announce major events that shareholders should know about | ViewVerify |
F4 | 20th of March 2025 The report filed by a party regarding the acquisition or disposition of a company's common stock, as well as derivative securities such as options, warrants, and convertible securities | ViewVerify |
11th of March 2025 Other Reports | ViewVerify | |
10K | 25th of February 2025 Annual report required by the U.S. Securities and Exchange Commission (SEC) of a company financial performance | ViewVerify |
Washington Trust Earnings Estimation Breakdown
The calculation of Washington Trust's earning per share is based on the data from the past 12 consecutive months, used for reporting the company's financial figures. The next projected EPS of Washington Trust is estimated to be 0.63 with the future projection ranging from a low of 0.6 to a high of 0.65. Please be aware that this consensus of annual earnings estimates for Washington Trust Bancorp is based on EPS before non-recurring items and includes expenses related to employee stock options.Last Reported EPS
0.60 Lowest | Expected EPS | 0.65 Highest |
Washington Trust Earnings Projection Consensus
Suppose the current estimates of Washington Trust's value are higher than the current market price of the Washington Trust stock. In this case, investors may conclude that Washington Trust is overpriced and will exhibit bullish sentiment. On the other hand, if the present value is lower than the stock price, analysts may conclude that the market undervalues the equity. These scenarios may suggest that the market is not as efficient as it should be at the estimation time, and Washington Trust's stock will quickly adjusts to the new information provided by the consensus estimate.
Number of Analysts | Historical Accuracy | Last Reported EPS | Estimated EPS for 31st of March 2025 | Current EPS (TTM) | |
3 | 84.36% | 0.59 | 0.63 | -1.63 |
Washington Trust Earnings per Share Projection vs Actual
Actual Earning per Share of Washington Trust refers to what the company shows during its earnings calls or quarterly reports. The Expected EPS is what analysts covering Washington Trust Bancorp predict the company's earnings will be in the future. The higher the earnings per share of Washington Trust, the better is its profitability. While calculating the Earning per Share, we use the weighted ratio, as the number of shares outstanding can change over time.Washington Trust Estimated Months Earnings per Share
For an investor who is primarily interested in generating an income out of investing in entities such as Washington Trust, the EPS ratio can tell if the company is intending to increase its current dividend. Although EPS is an essential tool for investors, it should not be used in isolation. EPS of Washington Trust should always be considered in relation to other companies to make a more educated investment decision.Washington Quarterly Analyst Estimates and Surprise Metrics
Earnings surprises can significantly impact Washington Trust's stock price both in the short term and over time. Negative earnings surprises usually result in a price decline. However, it has been seen that positive earnings surprises lead to an immediate rise in a stock's price and a gradual increase over time. This is why we often hear news about some companies beating earning projections. Financial analysts spend a large amount of time predicting earnings per share (EPS) along with other important future indicators. Many analysts use forecasting models, management guidance, and additional fundamental information to derive an EPS estimate.
Reported | Fiscal Date | Estimated EPS | Reported EPS | Surprise | |||
---|---|---|---|---|---|---|---|
2025-01-22 | 2024-12-31 | 0.57 | 0.59 | 0.02 | 3 | ||
2024-10-21 | 2024-09-30 | 0.56 | 0.64 | 0.08 | 14 | ||
2024-07-22 | 2024-06-30 | 0.49 | 0.63 | 0.14 | 28 | ||
2024-04-22 | 2024-03-31 | 0.45 | 0.64 | 0.19 | 42 | ||
2024-01-24 | 2023-12-31 | 0.57 | 0.76 | 0.19 | 33 | ||
2023-10-23 | 2023-09-30 | 0.58 | 0.65 | 0.07 | 12 | ||
2023-07-24 | 2023-06-30 | 0.63 | 0.66 | 0.03 | 4 | ||
2023-04-24 | 2023-03-31 | 0.9 | 0.74 | -0.16 | 17 | ||
2023-01-25 | 2022-12-31 | 1.09 | 0.95 | -0.14 | 12 | ||
2022-10-24 | 2022-09-30 | 1 | 1.08 | 0.08 | 8 | ||
2022-07-25 | 2022-06-30 | 0.91 | 1.14 | 0.23 | 25 | ||
2022-04-25 | 2022-03-31 | 0.92 | 0.94 | 0.02 | 2 | ||
2022-01-26 | 2021-12-31 | 0.98 | 1.27 | 0.29 | 29 | ||
2021-10-25 | 2021-09-30 | 0.93 | 1.07 | 0.14 | 15 | ||
2021-07-21 | 2021-06-30 | 1.07 | 1.0 | -0.07 | 6 | ||
2021-04-21 | 2021-03-31 | 1.04 | 1.32 | 0.28 | 26 | ||
2021-01-27 | 2020-12-31 | 0.97 | 1.13 | 0.16 | 16 | ||
2020-10-19 | 2020-09-30 | 1.04 | 1.06 | 0.02 | 1 | ||
2020-07-20 | 2020-06-30 | 0.63 | 1.21 | 0.58 | 92 | ||
2020-04-27 | 2020-03-31 | 0.8 | 0.68 | -0.12 | 15 | ||
2020-01-27 | 2019-12-31 | 0.96 | 0.89 | -0.07 | 7 | ||
2019-10-21 | 2019-09-30 | 0.96 | 1.08 | 0.12 | 12 | ||
2019-07-22 | 2019-06-30 | 1.02 | 0.99 | -0.03 | 2 | ||
2019-04-22 | 2019-03-31 | 0.95 | 1.0 | 0.05 | 5 | ||
2019-01-28 | 2018-12-31 | 0.98 | 0.98 | 0.0 | 0 | ||
2018-10-22 | 2018-09-30 | 0.98 | 1.01 | 0.03 | 3 | ||
2018-07-23 | 2018-06-30 | 0.94 | 1.01 | 0.07 | 7 | ||
2018-04-20 | 2018-03-31 | 0.87 | 0.93 | 0.06 | 6 | ||
2018-01-30 | 2017-12-31 | 0.75 | 0.82 | 0.07 | 9 | ||
2017-10-23 | 2017-09-30 | 0.74 | 0.75 | 0.01 | 1 | ||
2017-07-24 | 2017-06-30 | 0.7 | 0.76 | 0.06 | 8 | ||
2017-04-24 | 2017-03-31 | 0.7 | 0.67 | -0.03 | 4 | ||
2017-01-25 | 2016-12-31 | 0.68 | 0.7 | 0.02 | 2 | ||
2016-10-24 | 2016-09-30 | 0.64 | 0.67 | 0.03 | 4 | ||
2016-07-25 | 2016-06-30 | 0.66 | 0.64 | -0.02 | 3 | ||
2016-04-27 | 2016-03-31 | 0.64 | 0.64 | 0.0 | 0 | ||
2016-01-26 | 2015-12-31 | 0.64 | 0.62 | -0.02 | 3 | ||
2015-10-19 | 2015-09-30 | 0.68 | 0.6 | -0.08 | 11 | ||
2015-07-20 | 2015-06-30 | 0.65 | 0.68 | 0.03 | 4 | ||
2015-04-21 | 2015-03-31 | 0.65 | 0.65 | 0.0 | 0 | ||
2015-01-28 | 2014-12-31 | 0.63 | 0.66 | 0.03 | 4 | ||
2014-10-20 | 2014-09-30 | 0.59 | 0.62 | 0.03 | 5 | ||
2014-07-21 | 2014-06-30 | 0.59 | 0.58 | -0.01 | 1 | ||
2014-04-21 | 2014-03-31 | 0.57 | 0.56 | -0.01 | 1 | ||
2014-01-28 | 2013-12-31 | 0.59 | 0.58 | -0.01 | 1 | ||
2013-10-21 | 2013-09-30 | 0.57 | 0.59 | 0.02 | 3 | ||
2013-07-22 | 2013-06-30 | 0.57 | 0.54 | -0.03 | 5 | ||
2013-04-22 | 2013-03-31 | 0.55 | 0.56 | 0.01 | 1 | ||
2013-01-30 | 2012-12-31 | 0.56 | 0.55 | -0.01 | 1 | ||
2012-10-22 | 2012-09-30 | 0.53 | 0.54 | 0.01 | 1 | ||
2012-07-23 | 2012-06-30 | 0.51 | 0.53 | 0.02 | 3 | ||
2012-04-23 | 2012-03-31 | 0.48 | 0.51 | 0.03 | 6 | ||
2012-01-25 | 2011-12-31 | 0.47 | 0.47 | 0.0 | 0 | ||
2011-10-24 | 2011-09-30 | 0.46 | 0.46 | 0.0 | 0 | ||
2011-07-25 | 2011-06-30 | 0.44 | 0.46 | 0.02 | 4 | ||
2011-04-25 | 2011-03-31 | 0.4 | 0.42 | 0.02 | 5 | ||
2011-01-26 | 2010-12-31 | 0.4 | 0.44 | 0.04 | 10 | ||
2010-10-27 | 2010-09-30 | 0.36 | 0.39 | 0.03 | 8 | ||
2010-07-21 | 2010-06-30 | 0.33 | 0.33 | 0.0 | 0 | ||
2010-04-21 | 2010-03-31 | 0.3 | 0.32 | 0.02 | 6 | ||
2010-01-26 | 2009-12-31 | 0.29 | 0.3 | 0.01 | 3 | ||
2009-10-20 | 2009-09-30 | 0.27 | 0.31 | 0.04 | 14 | ||
2009-07-21 | 2009-06-30 | 0.2 | 0.23 | 0.03 | 15 | ||
2009-04-27 | 2009-03-31 | 0.29 | 0.17 | -0.12 | 41 | ||
2009-01-28 | 2008-12-31 | 0.38 | 0.29 | -0.09 | 23 | ||
2008-10-20 | 2008-09-30 | 0.46 | 0.44 | -0.02 | 4 | ||
2008-07-21 | 2008-06-30 | 0.44 | 0.45 | 0.01 | 2 | ||
2008-04-21 | 2008-03-31 | 0.42 | 0.43 | 0.01 | 2 | ||
2008-01-22 | 2007-12-31 | 0.48 | 0.42 | -0.06 | 12 | ||
2007-10-30 | 2007-09-30 | 0.47 | 0.48 | 0.01 | 2 | ||
2007-07-23 | 2007-06-30 | 0.46 | 0.46 | 0.0 | 0 | ||
2007-04-23 | 2007-03-31 | 0.46 | 0.44 | -0.02 | 4 | ||
2007-01-24 | 2006-12-31 | 0.46 | 0.45 | -0.01 | 2 | ||
2006-10-23 | 2006-09-30 | 0.48 | 0.48 | 0.0 | 0 | ||
2006-07-24 | 2006-06-30 | 0.45 | 0.45 | 0.0 | 0 | ||
2006-04-24 | 2006-03-31 | 0.45 | 0.44 | -0.01 | 2 | ||
2006-01-26 | 2005-12-31 | 0.45 | 0.45 | 0.0 | 0 | ||
2005-10-27 | 2005-09-30 | 0.43 | 0.43 | 0.0 | 0 | ||
2005-07-21 | 2005-06-30 | 0.41 | 0.41 | 0.0 | 0 | ||
2005-04-25 | 2005-03-31 | 0.41 | 0.4 | -0.01 | 2 | ||
2005-01-24 | 2004-12-31 | 0.41 | 0.4 | -0.01 | 2 | ||
2004-10-21 | 2004-09-30 | 0.4 | 0.39 | -0.01 | 2 | ||
2004-07-15 | 2004-06-30 | 0.38 | 0.37 | -0.01 | 2 | ||
2004-04-15 | 2004-03-31 | 0.36 | 0.37 | 0.01 | 2 | ||
2004-01-22 | 2003-12-31 | 0.35 | 0.36 | 0.01 | 2 | ||
2003-10-16 | 2003-09-30 | 0.37 | 0.35 | -0.02 | 5 | ||
2003-07-17 | 2003-06-30 | 0.36 | 0.39 | 0.03 | 8 | ||
2003-04-17 | 2003-03-31 | 0.34 | 0.36 | 0.02 | 5 | ||
2003-01-16 | 2002-12-31 | 0.36 | 0.34 | -0.02 | 5 | ||
2002-10-17 | 2002-09-30 | 0.35 | 0.34 | -0.01 | 2 | ||
2001-07-19 | 2001-06-30 | 0.31 | 0.31 | 0.0 | 0 | ||
2001-04-19 | 2001-03-31 | 0.3 | 0.29 | -0.01 | 3 | ||
2001-01-18 | 2000-12-31 | 0.3 | 0.3 | 0.0 | 0 | ||
2000-10-20 | 2000-09-30 | 0.3 | 0.31 | 0.01 | 3 | ||
2000-07-20 | 2000-06-30 | 0.27 | 0.27 | 0.0 | 0 | ||
2000-04-20 | 2000-03-31 | 0.28 | 0.26 | -0.02 | 7 | ||
2000-01-20 | 1999-12-31 | 0.27 | 0.27 | 0.0 | 0 | ||
1999-10-25 | 1999-09-30 | 0.27 | 0.27 | 0.0 | 0 | ||
1999-01-21 | 1998-12-31 | 0.26 | 0.25 | -0.01 | 3 | ||
1997-10-20 | 1997-09-30 | 0.23 | 0.23 | 0.0 | 0 | ||
1997-07-21 | 1997-06-30 | 0.22 | 0.22 | 0.0 | 0 | ||
1997-04-21 | 1997-03-31 | 0.21 | 0.21 | 0.0 | 0 | ||
1997-01-27 | 1996-12-31 | 0.21 | 0.2 | -0.01 | 4 | ||
1996-12-31 | 1996-09-30 | 0.22 | 0.23 | 0.01 | 4 | ||
1996-07-22 | 1996-06-30 | 0.2 | 0.2 | 0.0 | 0 | ||
1996-04-22 | 1996-03-31 | 0.19 | 0.18 | -0.01 | 5 |
Washington Trust Corporate Management
Mark Gim | Executive VP of Wealth Management, Treasurer, Executive VP of Wealth Management - Washington Trust Company and Treasurer of Washington Trust Company | Profile | |
Maria CPA | Chief VP | Profile | |
CPA CPA | Chief VP | Profile | |
Edward III | Chairman CEO | Profile | |
Sharon Walsh | Senior Communications | Profile | |
Ronald CPA | CFO EVP | Profile |
Already Invested in Washington Trust Bancorp?
The danger of trading Washington Trust Bancorp is mainly related to its market volatility and Company specific events. As an investor, you must understand the concept of risk-adjusted return before you start trading. The most common way to measure the risk of Washington Trust is by using the Sharpe ratio. The ratio expresses how much excess return you acquire for the extra volatility you endure for holding a more risker asset than Washington Trust. The Sharpe ratio is calculated by using standard deviation and excess return to determine reward per unit of risk. To understand how volatile Washington Trust Bancorp is, you must compare it to a benchmark. Traditionally, the risk-free rate of return is the rate of return on the shortest-dated U.S. Treasury, such as a 3-year bond.
When determining whether Washington Trust Bancorp offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Washington Trust's financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Washington Trust Bancorp Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Washington Trust Bancorp Stock: Check out Your Current Watchlist to better understand how to build diversified portfolios, which includes a position in Washington Trust Bancorp. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in state. You can also try the Portfolio Diagnostics module to use generated alerts and portfolio events aggregator to diagnose current holdings.
Is Regional Banks space expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Washington Trust. If investors know Washington will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Washington Trust listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth (0.01) | Dividend Share 2.24 | Earnings Share (1.63) | Revenue Per Share | Quarterly Revenue Growth (0) |
The market value of Washington Trust Bancorp is measured differently than its book value, which is the value of Washington that is recorded on the company's balance sheet. Investors also form their own opinion of Washington Trust's value that differs from its market value or its book value, called intrinsic value, which is Washington Trust's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Washington Trust's market value can be influenced by many factors that don't directly affect Washington Trust's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Washington Trust's value and its price as these two are different measures arrived at by different means. Investors typically determine if Washington Trust is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Washington Trust's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.