Washington Trust Bancorp Inc. (WASH) Reaches New 1-Year High at $41.51
Washington Trust Bancorp Inc. (NASDAQ:WASH) shares reached a new 52-week high during trading on Thursday . The stock traded as high as $41.51 and last traded at $41.40, with a volume of 20,692 shares changing hands. The stock had previously closed at $41.29.
Separately, Compass Point lifted their price target on shares of Washington Trust Bancorp from $41.00 to $43.00 and gave the company a “buy” rating in a report on Tuesday, July 26th.
The company’s 50-day moving average is $39.12 and its 200-day moving average is $37.83. The firm has a market capitalization of $708.86 million and a price-to-earnings ratio of 16.61.
Washington Trust Bancorp (NASDAQ:WASH) last issued its quarterly earnings data on Monday, July 25th. The financial services provider reported $0.64 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.66 by $0.02. On average, equities research analysts anticipate that Washington Trust Bancorp Inc. will post $2.56 earnings per share for the current fiscal year.
In other news, SVP Mary E. Noons sold 4,000 shares of the business’s stock in a transaction on Friday, June 3rd. The shares were sold at an average price of $38.75, for a total value of $155,000.00. Following the completion of the sale, the senior vice president now directly owns 6,232 shares in the company, valued at $241,490. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link.
A hedge fund recently raised its stake in Washington Trust Bancorp stock. Schwab Charles Investment Management Inc. increased its stake in shares of Washington Trust Bancorp Inc. (NASDAQ:WASH) by 3.3% during the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 48,506 shares of the financial services provider’s stock after buying an additional 1,567 shares during the period. Schwab Charles Investment Management Inc. owned approximately 0.29% of Washington Trust Bancorp worth $1,917,000 as of its most recent filing with the SEC.
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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