Washington Trust Bancorp, Inc. (NASDAQ:WASH) SVP Dennis L. Algiere Sells 950 Shares

Washington Trust Bancorp, Inc. (NASDAQ:WASH) SVP Dennis L. Algiere sold 950 shares of Washington Trust Bancorp stock in a transaction dated Thursday, October 26th. The shares were sold at an average price of $56.60, for a total value of $53,770.00. Following the completion of the sale, the senior vice president now directly owns 9,783 shares in the company, valued at approximately $553,717.80. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

Washington Trust Bancorp, Inc. (WASH) opened at $53.65 on Wednesday. The firm has a market capitalization of $918.73, a P/E ratio of 18.46 and a beta of 0.76. The company has a current ratio of 1.09, a quick ratio of 1.09 and a debt-to-equity ratio of 2.02. Washington Trust Bancorp, Inc. has a 12-month low of $47.00 and a 12-month high of $59.10.

Washington Trust Bancorp (NASDAQ:WASH) last posted its earnings results on Monday, October 23rd. The financial services provider reported $0.75 EPS for the quarter, beating the consensus estimate of $0.74 by $0.01. Washington Trust Bancorp had a return on equity of 12.44% and a net margin of 23.63%. The company had revenue of $47.34 million for the quarter.

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A number of research firms recently issued reports on WASH. Compass Point downgraded Washington Trust Bancorp from a “buy” rating to a “neutral” rating in a research report on Tuesday, October 24th. BidaskClub downgraded Washington Trust Bancorp from a “hold” rating to a “sell” rating in a research report on Wednesday, August 9th.

Several institutional investors have recently bought and sold shares of WASH. Parametric Portfolio Associates LLC grew its position in shares of Washington Trust Bancorp by 3.6% in the first quarter. Parametric Portfolio Associates LLC now owns 16,859 shares of the financial services provider’s stock valued at $831,000 after purchasing an additional 588 shares during the last quarter. JPMorgan Chase & Co. boosted its stake in shares of Washington Trust Bancorp by 2.0% in the first quarter. JPMorgan Chase & Co. now owns 127,862 shares of the financial services provider’s stock valued at $6,304,000 after buying an additional 2,494 shares during the period. Prudential Financial Inc. boosted its stake in shares of Washington Trust Bancorp by 29.3% in the first quarter. Prudential Financial Inc. now owns 27,789 shares of the financial services provider’s stock valued at $1,370,000 after buying an additional 6,300 shares during the period. American International Group Inc. boosted its stake in shares of Washington Trust Bancorp by 7.0% in the first quarter. American International Group Inc. now owns 9,164 shares of the financial services provider’s stock valued at $452,000 after buying an additional 603 shares during the period. Finally, Alliancebernstein L.P. boosted its stake in shares of Washington Trust Bancorp by 0.8% in the first quarter. Alliancebernstein L.P. now owns 23,990 shares of the financial services provider’s stock valued at $1,183,000 after buying an additional 200 shares during the period. 54.95% of the stock is currently owned by institutional investors.

Washington Trust Bancorp Company Profile

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.

Insider Buying and Selling by Quarter for Washington Trust Bancorp (NASDAQ:WASH)

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