Washington Trust Bancorp (WASH) has disclosed a new risk, in the Debt & Financing category.
Washington Trust Bancorp may face significant business risk due to adverse developments within the financial services industry. Market-wide liquidity issues may arise from actual events or concerns involving liquidity constraints, defaults, or non-performance by financial institutions, as evidenced by the recent receiverships of First Republic Bank, Silicon Valley Bank, and Signature Bank. Such events can lead to a decline in trading values for government securities and necessitate intervention by federal entities, with no assurances of future support. These conditions could negatively impact Washington Trust Bancorp’s financial condition and operational results.
The average WASH stock price target is $27.00, implying 4.90% upside potential.
To learn more about Washington Trust Bancorp’s risk factors, click here.
