Washington Trust Bancorp (WASH) Is Up 3.38% in One Week: What You Should Know

Core Viewpoint - Momentum investing focuses on following a stock's recent price trends, aiming to buy high and sell higher, with the expectation that established trends will continue [1] Company Overview: Washington Trust Bancorp (WASH) - Washington Trust Bancorp currently holds a Momentum Style Score of A, indicating strong momentum potential [3] - The company has a Zacks Rank of 1 (Strong Buy), which historically outperforms the market when combined with a Style Score of A or B [4] Price Performance - Over the past week, WASH shares increased by 3.38%, while the Zacks Banks - Northeast industry declined by 1.49% [7] - In the last month, WASH shares rose by 15.99%, outperforming the industry’s 4.13% [7] - Over the past quarter, WASH shares have risen by 24.2%, and over the last year, they are up 50.88%, compared to the S&P 500's increases of 7.36% and 41.36%, respectively [8] Trading Volume - WASH has an average 20-day trading volume of 102,594 shares, which is a useful indicator of price momentum [9] Earnings Outlook - In the past two months, two earnings estimates for WASH have been revised upwards, increasing the consensus estimate from $2.38 to $2.49 [11] - For the next fiscal year, two estimates have also moved upwards with no downward revisions [11]