Washington Trust Bancorp Downgraded by Sandler O’Neill to “Hold” (WASH)
Washington Trust Bancorp (NASDAQ:WASH) was downgraded by analysts at Sandler O’Neill to a “hold” rating in a research report issued to clients and investors on Tuesday, Stock Ratings News reports.
Shares of Washington Trust Bancorp (NASDAQ:WASH) traded up 1.05% on Tuesday, hitting $33.64. The stock had a trading volume of 14,355 shares. Washington Trust Bancorp has a 52 week low of $23.50 and a 52 week high of $35.64. The stock has a 50-day moving average of $31.58 and a 200-day moving average of $29.77. The company has a market cap of $557.2 million and a price-to-earnings ratio of 16.00.
Washington Trust Bancorp (NASDAQ:WASH) last posted its quarterly earnings results on Monday, October 21st. The company reported $0.59 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.57 by $0.02.
WASH has been the subject of a number of other recent research reports. Analysts at Guggenheim initiated coverage on shares of Washington Trust Bancorp in a research note to investors on Tuesday, August 20th. They set a “buy” rating and a $38.00 price target on the stock. Analysts at Keefe, Bruyette & Woods raised their price target on shares of Washington Trust Bancorp from $27.50 to $31.00 in a research note to investors on Wednesday, July 24th. They now have a “market perform” rating on the stock.
Washington Trust Bancorp, Inc (NASDAQ:WASH) is a bank holding company and financial holding company.
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