Washington Trust Bancorp (WASH) Given Media Sentiment Rating of 0.29
News stories about Washington Trust Bancorp (NASDAQ:WASH) have trended positive this week, Accern Sentiment reports. Accern rates the sentiment of news coverage by analyzing more than 20 million news and blog sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Washington Trust Bancorp earned a coverage optimism score of 0.29 on Accern’s scale. Accern also gave news coverage about the financial services provider an impact score of 45.6127181027675 out of 100, indicating that recent news coverage is somewhat unlikely to have an effect on the stock’s share price in the near future.
Shares of Washington Trust Bancorp (NASDAQ WASH) opened at 50.90 on Tuesday. Washington Trust Bancorp has a 12-month low of $38.92 and a 12-month high of $58.30. The stock has a market capitalization of $875.99 million, a P/E ratio of 17.80 and a beta of 0.75. The stock has a 50 day moving average price of $51.45 and a 200 day moving average price of $50.83.
Washington Trust Bancorp (NASDAQ:WASH) last issued its earnings results on Monday, July 24th. The financial services provider reported $0.76 EPS for the quarter, beating the Zacks’ consensus estimate of $0.70 by $0.06. Washington Trust Bancorp had a return on equity of 12.43% and a net margin of 23.86%. The company had revenue of $46.71 million during the quarter. On average, equities analysts anticipate that Washington Trust Bancorp will post $2.92 earnings per share for the current fiscal year.
Separately, BidaskClub raised Washington Trust Bancorp from a “sell” rating to a “hold” rating in a report on Thursday, August 3rd.
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In other Washington Trust Bancorp news, Chairman Joseph J. Marcaurele sold 5,000 shares of Washington Trust Bancorp stock in a transaction that occurred on Friday, August 4th. The stock was sold at an average price of $52.80, for a total value of $264,000.00. Following the completion of the transaction, the chairman now directly owns 57,583 shares in the company, valued at $3,040,382.40. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Insiders own 2.58% of the company’s stock.
About Washington Trust Bancorp
Washington Trust Bancorp, Inc is a bank holding company and financial holding company. The Company is a holding company of The Washington Trust Company, of Westerly (the Bank), a Rhode Island chartered commercial bank. The Company operates through two business segments: Commercial Banking and Wealth Management Services.
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