Washington Trust Bancorp (WASH) Gets Higher Price Target from Piper Sandler Ahea

Washington Trust Bancorp, Inc. (NASDAQ:WASH) will trade ex-dividend on July 1, putting it among the 10 Best July Dividend Stocks to Buy.

On June 26, Piper Sandler raised its price recommendation on Washington Trust Bancorp, Inc. (NASDAQ:WASH) to $35 from $32. It reiterated a Neutral rating on the stock. The firm updated its price targets across the Northeast banking group as part of its second-quarter earnings preview.

Earlier in May, BofA lowered its price goal on WASH to $31 from $34. It maintained a Neutral rating. In a research note, the analyst said that most mid-cap banks kept their 2026 net interest income (NII) and net interest margin (NIM) guidance unchanged, even after removing expected rate cuts from their assumptions. The analyst said this highlighted the sector's sensitivity to a flattening yield curve. The firm also noted that it continues to see downside risk to NII because deposit costs could remain higher than previously expected.

Washington Trust Bancorp, Inc. (NASDAQ:WASH) is the holding company of The Washington Trust Company, a state-chartered bank and financial services company. The company operates through two business segments: Commercial Banking and Weal

Fuente original: Yahoo Finance (https://finance.yahoo.com/markets/stocks/articles/washington-trust-bancorp-wash-gets-201223519.html)