Washington Trust Bancorp Inc. (WASH) EVP Sells $158,400.00 in Stock
Washington Trust Bancorp Inc. (NASDAQ:WASH) EVP Kristen L. Disanto sold 3,000 shares of the business’s stock in a transaction that occurred on Friday, November 25th. The shares were sold at an average price of $52.80, for a total transaction of $158,400.00. Following the transaction, the executive vice president now owns 11,752 shares of the company’s stock, valued at $620,505.60. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link.
Shares of Washington Trust Bancorp Inc. (NASDAQ:WASH) traded up 0.10% on Tuesday, hitting $51.50. 89,077 shares of the stock traded hands. The stock has a 50-day moving average price of $46.18 and a 200 day moving average price of $41.12. Washington Trust Bancorp Inc. has a 52 week low of $34.59 and a 52 week high of $54.75. The firm has a market cap of $881.73 million, a P/E ratio of 19.73 and a beta of 0.60.
Washington Trust Bancorp (NASDAQ:WASH) last posted its quarterly earnings data on Monday, October 24th. The financial services provider reported $0.72 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.64 by $0.08. Washington Trust Bancorp had a return on equity of 11.68% and a net margin of 23.33%. Equities research analysts predict that Washington Trust Bancorp Inc. will post $2.64 EPS for the current fiscal year.
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Several brokerages have commented on WASH. Keefe, Bruyette & Woods downgraded shares of Washington Trust Bancorp from an “outperform” rating to a “market perform” rating and set a $41.00 price objective for the company. in a research report on Monday, October 3rd. Compass Point upgraded shares of Washington Trust Bancorp from a “neutral” rating to a “buy” rating and set a $46.00 price target for the company in a report on Tuesday, October 25th.
A number of hedge funds have recently bought and sold shares of WASH. CWM LLC increased its stake in Washington Trust Bancorp by 1,000.0% in the second quarter. CWM LLC now owns 3,300 shares of the financial services provider’s stock worth $125,000 after buying an additional 3,000 shares during the last quarter. SG Americas Securities LLC bought a new stake in Washington Trust Bancorp during the third quarter worth $155,000. BlackRock Inc. increased its stake in Washington Trust Bancorp by 260.3% in the second quarter. BlackRock Inc. now owns 3,949 shares of the financial services provider’s stock worth $150,000 after buying an additional 2,853 shares during the last quarter. Citadel Advisors LLC bought a new stake in Washington Trust Bancorp during the third quarter worth $252,000. Finally, BlackRock Advisors LLC increased its stake in Washington Trust Bancorp by 8.9% in the second quarter. BlackRock Advisors LLC now owns 7,630 shares of the financial services provider’s stock worth $289,000 after buying an additional 626 shares during the last quarter. Institutional investors and hedge funds own 52.73% of the company’s stock.
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.
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