WASH vs. HBNC, GSBC, CNOB, HMST, CTBI, TRMK, TBBK, NBTB, OFG, and RNST
Should you be buying Washington Trust Bancorp stock or one of its competitors? The main competitors of Washington Trust Bancorp include Horizon Bancorp (HBNC), Great Southern Bancorp (GSBC), ConnectOne Bancorp (CNOB), HomeStreet (HMST), Community Trust Bancorp (CTBI), Trustmark (TRMK), Bancorp (TBBK), NBT Bancorp (NBTB), OFG Bancorp (OFG), and Renasant (RNST). These companies are all part of the "finance" sector.
Washington Trust Bancorp (NASDAQ:WASH) and Horizon Bancorp (NASDAQ:HBNC) are both small-cap finance companies, but which is the better business? We will compare the two businesses based on the strength of their risk, earnings, community ranking, media sentiment, profitability, dividends, valuation, analyst recommendations and institutional ownership.
Horizon Bancorp has a consensus target price of $12.50, indicating a potential upside of 2.29%. Given Horizon Bancorp's stronger consensus rating and higher probable upside, analysts plainly believe Horizon Bancorp is more favorable than Washington Trust Bancorp.
In the previous week, Washington Trust Bancorp had 5 more articles in the media than Horizon Bancorp. MarketBeat recorded 9 mentions for Washington Trust Bancorp and 4 mentions for Horizon Bancorp. Horizon Bancorp's average media sentiment score of 0.87 beat Washington Trust Bancorp's score of 0.38 indicating that Horizon Bancorp is being referred to more favorably in the news media.
Washington Trust Bancorp pays an annual dividend of $2.24 per share and has a dividend yield of 8.5%. Horizon Bancorp pays an annual dividend of $0.64 per share and has a dividend yield of 5.2%. Washington Trust Bancorp pays out 82.7% of its earnings in the form of a dividend, suggesting it may not have sufficient earnings to cover its dividend payment in the future. Horizon Bancorp pays out 118.5% of its earnings in the form of a dividend, suggesting it may not have sufficient earnings to cover its dividend payment in the future. Washington Trust Bancorp is clearly the better dividend stock, given its higher yield and lower payout ratio.
Washington Trust Bancorp has higher revenue and earnings than Horizon Bancorp. Washington Trust Bancorp is trading at a lower price-to-earnings ratio than Horizon Bancorp, indicating that it is currently the more affordable of the two stocks.
Horizon Bancorp received 122 more outperform votes than Washington Trust Bancorp when rated by MarketBeat users. Likewise, 58.52% of users gave Horizon Bancorp an outperform vote while only 53.58% of users gave Washington Trust Bancorp an outperform vote.
Washington Trust Bancorp has a beta of 0.8, indicating that its stock price is 20% less volatile than the S&P 500. Comparatively, Horizon Bancorp has a beta of 1.04, indicating that its stock price is 4% more volatile than the S&P 500.
Washington Trust Bancorp has a net margin of 12.01% compared to Horizon Bancorp's net margin of 7.02%. Washington Trust Bancorp's return on equity of 10.11% beat Horizon Bancorp's return on equity.
65.8% of Washington Trust Bancorp shares are held by institutional investors. Comparatively, 64.5% of Horizon Bancorp shares are held by institutional investors. 1.7% of Washington Trust Bancorp shares are held by insiders. Comparatively, 2.8% of Horizon Bancorp shares are held by insiders. Strong institutional ownership is an indication that endowments, large money managers and hedge funds believe a company is poised for long-term growth.
Summary
Horizon Bancorp beats Washington Trust Bancorp on 11 of the 20 factors compared between the two stocks.
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This chart shows the number of new MarketBeat users adding WASH and its top 5 competitors to their watchlist. Each company is represented with a line over a 90 day period.
This chart shows the average media sentiment of NASDAQ and its competitors over the past 90 days as caculated by MarketBeat. The averaged score is equivalent to the following: Very Negative Sentiment <= -1.5, Negative Sentiment > -1.5 and <= -0.5, Neutral Sentiment > -0.5 and < 0.5, Positive Sentiment >= 0.5 and < 1.5, and Very Positive Sentiment >= 1.5.
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