Washington Trust Bancorp, Inc. (NASDAQ:WASH) has been given a consensus broker rating score of 3.00 (Hold) from the one brokers that provide coverage for the stock, Zacks Investment Research reports. One analyst has rated the stock with a hold rating. Washington Trust Bancorp’s rating score has declined by 50% in the last 90 days as a result of a number of analysts’ upgrades and downgrades.

Brokers have set a twelve-month consensus price objective of $61.00 for the company, according to Zacks. Zacks has also assigned Washington Trust Bancorp an industry rank of 167 out of 265 based on the ratings given to its competitors.

A number of brokerages recently commented on WASH. Compass Point downgraded Washington Trust Bancorp from a “buy” rating to a “neutral” rating in a report on Tuesday, October 24th. BidaskClub downgraded Washington Trust Bancorp from a “hold” rating to a “sell” rating in a report on Saturday, December 9th.

Shares of Washington Trust Bancorp (NASDAQ:WASH) traded up $1.55 during trading on Friday, hitting $54.40. The company had a trading volume of 71,319 shares, compared to its average volume of 37,090. The company has a debt-to-equity ratio of 2.02, a quick ratio of 1.09 and a current ratio of 1.09. The company has a market capitalization of $916.15, a P/E ratio of 18.41 and a beta of 0.75. Washington Trust Bancorp has a one year low of $47.00 and a one year high of $59.10.

Washington Trust Bancorp (NASDAQ:WASH) last announced its earnings results on Monday, October 23rd. The financial services provider reported $0.75 EPS for the quarter, beating analysts’ consensus estimates of $0.74 by $0.01. The company had revenue of $47.34 million during the quarter. Washington Trust Bancorp had a return on equity of 12.44% and a net margin of 23.63%.

In related news, SVP Dennis L. Algiere sold 950 shares of the company’s stock in a transaction on Thursday, October 26th. The stock was sold at an average price of $56.60, for a total value of $53,770.00. Following the sale, the senior vice president now directly owns 9,783 shares of the company’s stock, valued at $553,717.80. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, Director Victor J. Orsinger II sold 1,000 shares of the company’s stock in a transaction on Friday, November 10th. The stock was sold at an average price of $53.23, for a total value of $53,230.00. Following the completion of the sale, the director now directly owns 2,230 shares in the company, valued at $118,702.90. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 11,451 shares of company stock worth $633,870. 2.58% of the stock is owned by insiders.

A number of hedge funds have recently modified their holdings of WASH. Teachers Advisors LLC grew 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 worth $1,460,000 after purchasing an additional 796 shares during the period. Vanguard Group Inc. grew 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 worth $29,629,000 after purchasing an additional 3,507 shares during the period. Schwab Charles Investment Management Inc. grew its stake in Washington Trust Bancorp by 13.4% in the first quarter. Schwab Charles Investment Management Inc. now owns 66,743 shares of the financial services provider’s stock worth $3,291,000 after purchasing an additional 7,886 shares during the period. Bank of America Corp DE grew its stake in Washington Trust Bancorp by 1.9% in the first quarter. Bank of America Corp DE now owns 29,955 shares of the financial services provider’s stock worth $1,477,000 after purchasing an additional 546 shares during the period. Finally, First Trust Advisors LP grew its stake in Washington Trust Bancorp by 2.0% in the second quarter. First Trust Advisors LP now owns 48,105 shares of the financial services provider’s stock worth $2,480,000 after purchasing an additional 951 shares during the period. 55.09% of the stock is currently owned by institutional investors.

TRADEMARK VIOLATION NOTICE: “Washington Trust Bancorp, Inc. (WASH) Given $61.00 Consensus Target Price by Brokerages” was first posted by American Banking News and is the sole property of of American Banking News. If you are viewing this story on another site, it was copied illegally and reposted in violation of international copyright and trademark laws. The correct version of this story can be viewed at https://www.americanbankingnews.com/2017/12/15/washington-trust-bancorp-inc-wash-given-61-00-consensus-target-price-by-brokerages.html.

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.

Get a free copy of the Zacks research report on Washington Trust Bancorp (WASH)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Receive News & Ratings for Washington Trust Bancorp Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Washington Trust Bancorp and related companies with MarketBeat.com's FREE daily email newsletter.