Washington Trust Bancorp Inc. (NASDAQ:WASH) EVP Mary E. Noons sold 418 shares of the stock in a transaction on Friday, November 18th. The shares were sold at an average price of $51.84, for a total transaction of $21,669.12. Following the completion of the sale, the executive vice president now directly owns 5,351 shares in the company, valued at approximately $277,395.84. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website.

Washington Trust Bancorp Inc. (NASDAQ:WASH) opened at 52.25 on Tuesday. The stock has a 50 day moving average of $44.61 and a 200-day moving average of $40.60. Washington Trust Bancorp Inc. has a 12-month low of $34.59 and a 12-month high of $54.75. The company has a market capitalization of $894.57 million, a PE ratio of 20.02 and a beta of 0.60.

Washington Trust Bancorp (NASDAQ:WASH) last announced its earnings results on Monday, October 24th. The financial services provider reported $0.72 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.64 by $0.08. Washington Trust Bancorp had a net margin of 23.33% and a return on equity of 11.68%. Equities analysts expect that Washington Trust Bancorp Inc. will post $2.64 earnings per share for the current year.

Insider Buying and Selling by Quarter for Washington Trust Bancorp (NASDAQ:WASH)

A number of large investors have recently made changes to their positions in WASH. Foundry Partners LLC boosted its stake in shares of Washington Trust Bancorp by 0.3% in the second quarter. Foundry Partners LLC now owns 73,137 shares of the financial services provider’s stock valued at $2,773,000 after buying an additional 225 shares during the period. Rhumbline Advisers boosted its stake in shares of Washington Trust Bancorp by 1.3% in the third quarter. Rhumbline Advisers now owns 21,021 shares of the financial services provider’s stock valued at $845,000 after buying an additional 275 shares during the period. California State Teachers Retirement System boosted its stake in shares of Washington Trust Bancorp by 1.0% in the third quarter. California State Teachers Retirement System now owns 31,522 shares of the financial services provider’s stock valued at $1,268,000 after buying an additional 300 shares during the period. BlackRock Advisors LLC boosted its stake in shares of Washington Trust Bancorp by 4.4% in the third quarter. BlackRock Advisors LLC now owns 7,966 shares of the financial services provider’s stock valued at $320,000 after buying an additional 336 shares during the period. Finally, Metropolitan Life Insurance Co. NY boosted its stake in shares of Washington Trust Bancorp by 3.1% in the second quarter. Metropolitan Life Insurance Co. NY now owns 11,366 shares of the financial services provider’s stock valued at $431,000 after buying an additional 347 shares during the period. 52.34% of the stock is currently owned by institutional investors.

Several equities research analysts have recently weighed in on the stock. Compass Point increased their target price on shares of Washington Trust Bancorp from $41.00 to $43.00 and gave the company a “buy” rating in a research note on Tuesday, July 26th. Keefe, Bruyette & Woods cut shares of Washington Trust Bancorp from an “outperform” rating to a “market perform” rating and set a $41.00 price target on the stock. in a report on Monday, October 3rd.

Washington Trust Bancorp Company Profile

Washington Trust Bancorp, Inc (Bancorp) is a bank holding and financial holding company. The Company operates through two segments: Commercial Banking and Wealth Management Services. Its Commercial Banking segment includes commercial, residential and consumer lending activities; equity in losses of unconsolidated investments in real estate limited partnerships, mortgage banking, secondary market and loan servicing activities; deposit generation; merchant credit card services; cash management activities, and direct banking activities, which include the operation of automated teller machines (ATMs), telephone and Internet banking services, and customer support and sales.

5 Day Chart for NASDAQ:WASH

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