Washington Trust Bancorp, Inc. (WASH) Director Victor J. Orsinger II Sells 1,000 Shares
Washington Trust Bancorp, Inc. (NASDAQ:WASH) Director Victor J. Orsinger II sold 1,000 shares of Washington Trust Bancorp stock in a transaction on Friday, November 10th. The stock was sold at an average price of $53.23, for a total transaction of $53,230.00. Following the transaction, the director now directly owns 2,230 shares of the company’s stock, valued at approximately $118,702.90. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.
Washington Trust Bancorp, Inc. (NASDAQ:WASH) traded down $0.15 on Monday, reaching $52.85. 16,700 shares of the company’s stock traded hands, compared to its average volume of 38,234. Washington Trust Bancorp, Inc. has a 12-month low of $47.00 and a 12-month high of $59.10. The company has a current ratio of 1.09, a quick ratio of 1.09 and a debt-to-equity ratio of 2.02. The company has a market capitalization of $910.12, a P/E ratio of 18.29 and a beta of 0.76.
Washington Trust Bancorp (NASDAQ:WASH) last posted its quarterly earnings results on Monday, October 23rd. The financial services provider reported $0.75 earnings per share for the quarter, beating the consensus estimate of $0.74 by $0.01. Washington Trust Bancorp had a net margin of 23.63% and a return on equity of 12.44%. The firm had revenue of $47.34 million during the quarter.
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A number of equities analysts recently weighed in on the stock. Compass Point downgraded shares of Washington Trust Bancorp from a “buy” rating to a “neutral” rating in a research note on Tuesday, October 24th. BidaskClub raised shares of Washington Trust Bancorp from a “sell” rating to a “hold” rating in a research note on Thursday, August 3rd.
About Washington Trust Bancorp
Washington Trust Bancorp, Inc is a bank holding company and financial holding company. The Company is a holding company of The Washington Trust Company, of Westerly (the Bank), a Rhode Island chartered commercial bank. The Company operates through two business segments: Commercial Banking and Wealth Management Services.
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