Washington Trust Bancorp EVP Sells $52,920 in Stock (WASH)
Washington Trust Bancorp (NASDAQ:WASH) EVP Stephen M. Bessette unloaded 1,500 shares of the stock on the open market in a transaction dated Tuesday, September 2nd. The stock was sold at an average price of $35.28, for a total transaction of $52,920.00. Following the transaction, the executive vice president now directly owns 7,620 shares of the company’s stock, valued at approximately $268,834. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.
Separately, analysts at Guggenheim downgraded shares of Washington Trust Bancorp from a “buy” rating to a “neutral” rating in a research note on Thursday, July 10th. They now have a $39.00 price target on the stock.
Shares of Washington Trust Bancorp (NASDAQ:WASH) traded down 1.46% on Wednesday, hitting $34.99. The stock had a trading volume of 16,471 shares. Washington Trust Bancorp has a one year low of $29.51 and a one year high of $38.45. The stock has a 50-day moving average of $34.57 and a 200-day moving average of $35.41. The company has a market cap of $584.8 million and a price-to-earnings ratio of 15.45.
Washington Trust Bancorp (NASDAQ:WASH) last posted its quarterly earnings results on Tuesday, July 22nd. The company reported $0.58 earnings per share for the quarter, missing the analysts’ consensus estimate of $0.59 by $0.01. Analysts expect that Washington Trust Bancorp will post $2.34 EPS for the current fiscal year.
Washington Trust Bancorp, Inc (NASDAQ:WASH) is a bank holding company and financial holding company.
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