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 institutional investors and hedge funds have recently bought and sold shares of WASH. Parametric Portfolio Associates LLC increased its stake in Washington Trust Bancorp by 3.6% in the first quarter. Parametric Portfolio Associates LLC now owns 16,859 shares of the financial services provider’s stock valued at $831,000 after purchasing an additional 588 shares in the last quarter. Alliancebernstein L.P. increased its stake in Washington Trust Bancorp by 0.8% in the first quarter. Alliancebernstein L.P. now owns 23,990 shares of the financial services provider’s stock valued at $1,183,000 after purchasing an additional 200 shares in the last quarter. Teachers Advisors LLC increased its stake in Washington Trust Bancorp by 2.8% in the first quarter. Teachers Advisors LLC now owns 29,608 shares of the financial services provider’s stock valued at $1,460,000 after purchasing an additional 796 shares in the last quarter. Vanguard Group Inc. increased its stake in Washington Trust Bancorp by 0.6% in the first quarter. Vanguard Group Inc. now owns 601,000 shares of the financial services provider’s stock valued at $29,629,000 after purchasing an additional 3,507 shares in the last quarter. Finally, Geode Capital Management LLC increased its stake in Washington Trust Bancorp by 2.0% in the first quarter. Geode Capital Management LLC now owns 131,480 shares of the financial services provider’s stock valued at $6,481,000 after purchasing an additional 2,522 shares in the last quarter. 54.95% of the stock is owned by hedge funds and other institutional investors.

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.

Insider Buying and Selling by Quarter for Washington Trust Bancorp (NASDAQ:WASH)

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