Washington Trust Bancorp (WASH) Director Edwin J. Santos Sells 600 Shares

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Washington Trust Bancorp (NASDAQ:WASH) Director Edwin J. Santos sold 600 shares of Washington Trust Bancorp stock in a transaction on Monday, May 13th. The stock was sold at an average price of $52.95, for a total value of $31,770.00. Following the transaction, the director now directly owns 4,650 shares of the company’s stock, valued at approximately $246,217.50. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink.

Edwin J. Santos also recently made the following trade(s):

  • On Friday, April 26th, Edwin J. Santos sold 300 shares of Washington Trust Bancorp stock. The stock was sold at an average price of $50.50, for a total value of $15,150.00.

Shares of NASDAQ:WASH traded up $0.29 during midday trading on Thursday, hitting $52.94. 603 shares of the stock were exchanged, compared to its average volume of 32,788. The company has a market capitalization of $904.28 million, a PE ratio of 13.15 and a beta of 0.64. The company has a quick ratio of 1.09, a current ratio of 1.09 and a debt-to-equity ratio of 2.36. Washington Trust Bancorp has a twelve month low of $45.93 and a twelve month high of $63.25.

Washington Trust Bancorp (NASDAQ:WASH) last released its quarterly earnings results on Monday, April 22nd. The financial services provider reported $1.00 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.95 by $0.05. The business had revenue of $49.95 million during the quarter. Washington Trust Bancorp had a return on equity of 15.75% and a net margin of 28.08%.

Large investors have recently added to or reduced their stakes in the company. Victory Capital Management Inc. lifted its stake in shares of Washington Trust Bancorp by 1.0% in the 4th quarter. Victory Capital Management Inc. now owns 29,000 shares of the financial services provider’s stock valued at $1,378,000 after purchasing an additional 300 shares during the period. Geode Capital Management LLC lifted its stake in Washington Trust Bancorp by 9.9% during the 4th quarter. Geode Capital Management LLC now owns 179,646 shares of the financial services provider’s stock valued at $8,538,000 after acquiring an additional 16,141 shares during the period. JPMorgan Chase & Co. lifted its stake in Washington Trust Bancorp by 9.3% during the 3rd quarter. JPMorgan Chase & Co. now owns 282,783 shares of the financial services provider’s stock valued at $15,637,000 after acquiring an additional 24,151 shares during the period. Teton Advisors Inc. lifted its stake in Washington Trust Bancorp by 1.2% during the 4th quarter. Teton Advisors Inc. now owns 60,720 shares of the financial services provider’s stock valued at $2,886,000 after acquiring an additional 700 shares during the period. Finally, Opus Capital Group LLC lifted its stake in shares of Washington Trust Bancorp by 36.8% in the 1st quarter. Opus Capital Group LLC now owns 12,539 shares of the financial services provider’s stock valued at $604,000 after purchasing an additional 3,375 shares during the period. 59.35% of the stock is owned by institutional investors and hedge funds.

Several research analysts have recently issued reports on the company. BidaskClub raised Washington Trust Bancorp from a “sell” rating to a “hold” rating in a research note on Tuesday, May 7th. Compass Point raised Washington Trust Bancorp from a “neutral” rating to a “buy” rating in a research note on Monday, April 22nd. Finally, Sandler O’Neill downgraded Washington Trust Bancorp from a “buy” rating to a “hold” rating and set a $55.00 price target for the company. in a research note on Tuesday, January 29th.

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About Washington Trust Bancorp

Washington Trust Bancorp, Inc operates as the bank holding company for The Washington Trust Company, of Westerly that offers various financial products and services to individuals and businesses. The company operates in two segments, Commercial Banking and Wealth Management Services. The Commercial Banking segment provides various commercial and retail lending products, which include commercial real estate loans consisting of commercial mortgages and construction loans; commercial and industrial loans; residential real estate loans; and consumer loans comprising home equity loans and lines of credit, personal installment loans, and loans to individuals secured by general aviation aircraft.

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