Washington Trust Bancorp Inc. (NASDAQ:WASH) shares reached 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. The stock had previously closed at $42.06.

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

The stock has a market cap of $721.16 million and a price-to-earnings ratio of 16.90. The stock has a 50 day moving average of $39.70 and a 200 day moving average of $38.04.

Washington Trust Bancorp (NASDAQ:WASH) last issued its quarterly earnings data 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. Equities analysts predict that Washington Trust Bancorp Inc. will post $2.56 earnings per share for the current fiscal year.

An institutional investor recently raised its position in Washington Trust Bancorp stock. Principal Financial Group Inc. raised its stake in shares of Washington Trust Bancorp Inc. (NASDAQ:WASH) by 2.5% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor 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 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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