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

Washington Trust Bancorp (NASDAQ:WASH) Director Edwin J. Santos sold 600 shares of the 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 completion of the transaction, the director now directly owns 4,650 shares in the company, valued at $246,217.50. The sale was disclosed in a document filed with the SEC, which is available at the SEC website.

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.

NASDAQ WASH traded down $0.20 during trading hours on Friday, hitting $52.79. The company had a trading volume of 50 shares, compared to its average volume of 30,644. Washington Trust Bancorp has a fifty-two week low of $45.93 and a fifty-two week high of $63.25. The company has a market cap of $912.08 million, a P/E ratio of 13.16 and a beta of 0.64. The company has a current ratio of 1.09, a quick ratio of 1.09 and a debt-to-equity ratio of 2.36.

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

Several research analysts recently weighed in on the company. BidaskClub raised Washington Trust Bancorp from a “sell” rating to a “hold” rating in a research report on Tuesday, May 7th. Compass Point downgraded Washington Trust Bancorp from a “buy” rating to a “neutral” rating and set a $53.00 price target for the company. in a report on Tuesday, January 29th. 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 report on Tuesday, January 29th.

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. BlackRock Inc. grew its stake in shares of Washington Trust Bancorp by 1.2% during the fourth quarter. BlackRock Inc. now owns 1,132,563 shares of the financial services provider’s stock valued at $53,831,000 after acquiring an additional 13,787 shares in the last quarter. Principal Financial Group Inc. grew its stake in shares of Washington Trust Bancorp by 0.9% during the first quarter. Principal Financial Group Inc. now owns 1,048,229 shares of the financial services provider’s stock valued at $50,472,000 after acquiring an additional 9,104 shares in the last quarter. Champlain Investment Partners LLC grew its stake in shares of Washington Trust Bancorp by 2.6% during the first quarter. Champlain Investment Partners LLC now owns 749,545 shares of the financial services provider’s stock valued at $36,091,000 after acquiring an additional 18,845 shares in the last quarter. Dimensional Fund Advisors LP grew its stake in shares of Washington Trust Bancorp by 0.9% during the fourth quarter. Dimensional Fund Advisors LP now owns 731,147 shares of the financial services provider’s stock valued at $34,752,000 after acquiring an additional 6,739 shares in the last quarter. Finally, Vanguard Group Inc. grew its stake in shares of Washington Trust Bancorp by 2.3% during the third quarter. Vanguard Group Inc. now owns 720,344 shares of the financial services provider’s stock valued at $39,836,000 after acquiring an additional 16,045 shares in the last quarter. Hedge funds and other institutional investors own 59.35% of the company’s stock.

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Washington Trust Bancorp Company Profile

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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