News headlines about Washington Trust Bancorp (NASDAQ:WASH) have trended somewhat positive recently, Accern Sentiment Analysis reports. The research group identifies negative and positive news coverage by analyzing more than 20 million blog and news sources in real-time. Accern ranks coverage of companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Washington Trust Bancorp earned a media sentiment score of 0.07 on Accern’s scale. Accern also assigned media headlines about the financial services provider an impact score of 42.6336945629314 out of 100, meaning that recent news coverage is somewhat unlikely to have an impact on the stock’s share price in the immediate future.
Shares of WASH traded up $0.20 during midday trading on Friday, reaching $59.40. 16,494 shares of the stock were exchanged, compared to its average volume of 22,866. Washington Trust Bancorp has a twelve month low of $49.50 and a twelve month high of $63.25. The company has a debt-to-equity ratio of 2.19, a quick ratio of 1.08 and a current ratio of 1.09. The company has a market capitalization of $1.02 billion, a P/E ratio of 16.87 and a beta of 0.61.
Washington Trust Bancorp (NASDAQ:WASH) last posted its quarterly earnings results on Monday, July 23rd. The financial services provider reported $1.01 EPS for the quarter, beating the Zacks’ consensus estimate of $0.94 by $0.07. The business had revenue of $49.10 million during the quarter. Washington Trust Bancorp had a return on equity of 14.68% and a net margin of 24.28%.
Separately, BidaskClub raised Washington Trust Bancorp from a “hold” rating to a “buy” rating in a report on Thursday, June 21st.
In related news, Director John F. Treanor sold 4,000 shares of the business’s stock in a transaction dated Friday, August 17th. The stock was sold at an average price of $59.24, for a total value of $236,960.00. Following the completion of the transaction, the director now owns 10,855 shares of the company’s stock, valued at $643,050.20. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, EVP James M. Hagerty sold 1,000 shares of the business’s stock in a transaction dated Friday, August 24th. The shares were sold at an average price of $60.28, for a total value of $60,280.00. Following the completion of the transaction, the executive vice president now directly owns 8,732 shares of the company’s stock, valued at approximately $526,364.96. The disclosure for this sale can be found here. In the last ninety days, insiders sold 13,000 shares of company stock valued at $770,680. 2.33% of the stock is owned by insiders.
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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