Washington Trust Bancorp, Inc. (WASH) EVP James M. Hagerty Sells 1,100 Shares

Washington Trust Bancorp, Inc. (NASDAQ:WASH) EVP James M. Hagerty sold 1,100 shares of Washington Trust Bancorp stock in a transaction dated Wednesday, November 8th. The shares were sold at an average price of $53.21, for a total transaction of $58,531.00. Following the transaction, the executive vice president now owns 7,609 shares of the company’s stock, valued at $404,874.89. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.

James M. Hagerty also recently made the following trade(s):

  • On Tuesday, October 31st, James M. Hagerty sold 1 shares of Washington Trust Bancorp stock. The shares were sold at an average price of $52.11, for a total transaction of $52.11.

Washington Trust Bancorp, Inc. (NASDAQ WASH) opened at $53.35 on Tuesday. The company has a current ratio of 1.09, a quick ratio of 1.09 and a debt-to-equity ratio of 2.02. Washington Trust Bancorp, Inc. has a 12-month low of $47.00 and a 12-month high of $59.10. The firm has a market cap of $910.12, a PE ratio of 18.29 and a beta of 0.76.

Washington Trust Bancorp (NASDAQ:WASH) last released its quarterly earnings results on Monday, October 23rd. The financial services provider reported $0.75 earnings per share for the quarter, beating analysts’ consensus estimates 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 company had revenue of $47.34 million for the quarter.

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Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Schwab Charles Investment Management Inc. lifted its position in shares of Washington Trust Bancorp by 5.7% during the third quarter. Schwab Charles Investment Management Inc. now owns 71,372 shares of the financial services provider’s stock valued at $4,087,000 after purchasing an additional 3,865 shares in the last quarter. Wells Fargo & Company MN lifted its position in shares of Washington Trust Bancorp by 34.3% during the third quarter. Wells Fargo & Company MN now owns 23,777 shares of the financial services provider’s stock valued at $1,361,000 after purchasing an additional 6,067 shares in the last quarter. SG Americas Securities LLC bought a new position in shares of Washington Trust Bancorp during the third quarter valued at about $128,000. Principal Financial Group Inc. lifted its position in shares of Washington Trust Bancorp by 1.5% during the third quarter. Principal Financial Group Inc. now owns 1,111,262 shares of the financial services provider’s stock valued at $63,619,000 after purchasing an additional 16,317 shares in the last quarter. Finally, WASHINGTON TRUST Co lifted its position in shares of Washington Trust Bancorp by 1.2% during the third quarter. WASHINGTON TRUST Co now owns 487,012 shares of the financial services provider’s stock valued at $27,882,000 after purchasing an additional 6,011 shares in the last quarter. 54.95% of the stock is currently owned by institutional investors.

WASH has been the subject of a number of analyst reports. BidaskClub cut shares of Washington Trust Bancorp from a “hold” rating to a “sell” rating in a report on Monday, July 24th. Compass Point cut shares of Washington Trust Bancorp from a “buy” rating to a “neutral” rating in a report on Tuesday, October 24th.

Washington Trust Bancorp Company Profile

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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