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 stock in a transaction on Friday, November 25th. The shares were sold at an average price of $52.80, for a total value of $158,400.00. Following the completion of the sale, the executive vice president now owns 11,752 shares of the company’s stock, valued at $620,505.60. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website.
Shares of Washington Trust Bancorp Inc. (NASDAQ:WASH) traded up 0.10% during mid-day trading on Tuesday, reaching $51.50. 89,077 shares of the company’s stock were exchanged. The company has a 50 day moving average price of $46.18 and a 200-day moving average price of $41.12. The stock has a market cap of $881.73 million, a PE ratio of 19.73 and a beta of 0.60. Washington Trust Bancorp Inc. has a one year low of $34.59 and a one year high of $54.75.
Washington Trust Bancorp (NASDAQ:WASH) last released its quarterly earnings data on Monday, October 24th. The financial services provider reported $0.72 earnings per share (EPS) for the quarter, topping the Zacks’ 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%. On average, analysts predict that Washington Trust Bancorp Inc. will post $2.64 EPS for the current year.
Institutional investors have recently added to or reduced their stakes in the company. CWM LLC boosted its position 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 period. SG Americas Securities LLC acquired a new position in shares of Washington Trust Bancorp during the third quarter valued at $155,000. BlackRock Inc. boosted its position in shares of Washington Trust Bancorp by 260.3% in the second quarter. BlackRock Inc. now owns 3,949 shares of the financial services provider’s stock valued at $150,000 after buying an additional 2,853 shares during the last quarter. Citadel Advisors LLC acquired a new position in shares of Washington Trust Bancorp during the third quarter valued at $252,000. Finally, BlackRock Advisors LLC boosted its position in shares of 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 valued at $289,000 after buying an additional 626 shares during the last quarter. 52.73% of the stock is currently owned by institutional investors.
A number of analysts have commented on WASH shares. 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 research report on Monday, October 3rd. Compass Point raised shares of Washington Trust Bancorp from a “neutral” rating to a “buy” rating and set a $46.00 price target on the stock in a research report on Tuesday, October 25th.
About Washington Trust Bancorp
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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