Shares of Washington Trust Bancorp Inc. (NASDAQ:WASH) hit a new 52-week high on Wednesday . The stock traded as high as $42.44 and last traded at $41.97, with a volume of 17,488 shares traded. The stock had previously closed at $42.06.

Separately, Compass Point lifted their price objective on Washington Trust Bancorp from $41.00 to $43.00 and gave the stock a “buy” rating in a report on Tuesday, July 26th.

The company’s 50 day moving average is $39.54 and its 200 day moving average is $37.98. The company has a market cap of $719.11 million and a price-to-earnings ratio of 16.85.

Washington Trust Bancorp (NASDAQ:WASH) last issued its quarterly earnings results on Monday, July 25th. The financial services provider reported $0.64 EPS for the quarter, missing the consensus estimate of $0.66 by $0.02. On average, equities research analysts forecast that Washington Trust Bancorp Inc. will post $2.56 earnings per share for the current year.

In related news, SVP Mary E. Noons sold 4,000 shares of the stock in a transaction that occurred on Friday, June 3rd. The stock was sold at an average price of $38.75, for a total transaction of $155,000.00. Following the completion of the transaction, the senior vice president now directly owns 6,232 shares of the company’s stock, valued at $241,490. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website.

An institutional investor recently raised its position in Washington Trust Bancorp stock. Principal Financial Group Inc. increased its stake in shares of Washington Trust Bancorp Inc. (NASDAQ:WASH) by 2.5% during the fourth quarter, according to its most recent disclosure with the SEC. The fund owned 316,889 shares of the financial services provider’s stock after buying an additional 7,640 shares during the period. Principal Financial Group Inc. owned approximately 1.86% of Washington Trust Bancorp worth $12,523,000 at the end of the most recent reporting period.

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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