Insider Selling: Washington Trust Bancorp Director Unloads 2,000 Shares of Stock (WASH)
Washington Trust Bancorp (NASDAQ:WASH) Director Victor Orsinger II sold 2,000 shares of Washington Trust Bancorp stock in a transaction dated Tuesday, October 29th. The shares were sold at an average price of $34.08, for a total transaction of $68,160.00. Following the sale, the director now directly owns 3,000 shares of the company’s stock, valued at approximately $102,240. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.
WASH has been the subject of a number of recent research reports. Analysts at Keefe, Bruyette & Woods raised their price target on shares of Washington Trust Bancorp from $31.00 to $34.00 in a research note to investors on Wednesday, October 23rd. Separately, analysts at Sandler O’Neill downgraded shares of Washington Trust Bancorp from a “buy” rating to a “hold” rating in a research note to investors on Tuesday, October 22nd. Finally, 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.
Shares of Washington Trust Bancorp (NASDAQ:WASH) traded down 2.81% on Thursday, hitting $32.89. 36,926 shares of the company’s stock traded hands. Washington Trust Bancorp has a 1-year low of $23.50 and a 1-year high of $33.09. The stock’s 50-day moving average is $32.28 and its 200-day moving average is $30.11. The company has a market cap of $545.6 million and a price-to-earnings ratio of 15.89.
Washington Trust Bancorp (NASDAQ:WASH) last posted its quarterly earnings results on Monday, October 21st. The company reported $0.59 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.57 by $0.02. On average, analysts predict that Washington Trust Bancorp will post $2.19 earnings per share for the current fiscal year.
Washington Trust Bancorp, Inc (NASDAQ:WASH) is a bank holding company and financial holding company.
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