Washington Trust Bancorp, Inc. is a holding company of The Washington Trust Co. (the Bank). The Bank is a state-chartered bank and financial services company. Co. operates through two segments: Commercial Banking and Wealth Management Services. The Commercial Banking segment includes commercial, residential and consumer lending activities; mortgage banking activities; deposit generation; cash management activities; banking activities, including customer support and the operation of automated teller machines (ATMs), telephone banking, internet banking and mobile banking services; as well as investment portfolio and wholesale funding activities. We show 63 historical shares outstanding datapoints in our WASH shares outstanding history coverage, used to compute WASH market cap on those dates.
Understanding the changing numbers of shares outstanding, the changing
share price, and the resulting changing WASH market cap history over the course of time is important for investors
interested in comparing WASH's market cap history versus its peers.
Many "beginner" or "novice" investors will look at one stock trading at a price of $10 per share and another trading at
a price of $20 per share and think the latter company is worth twice as much. Of course, that is a completely meaningless comparison without also knowing how many shares outstanding there are for each of the two companies,
and then calculating their respective market caps. Comparing the share price of WASH versus a peer is one thing; comparing
WASH market cap versus a peer is a completely different story.
Furthermore, via fluctuation both in per-share price and in the number of shares outstanding (via issuance of new shares over time, the repurchase of existing shares),
the market cap for a company like WASH can fluctuate over the course of history.
With this page we aim to empower investors researching WASH by allowing them to research the WASH market cap history. |
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Video: The Importance of Market Cap
