Somewhat Favorable News Coverage Somewhat Unlikely to Affect Washington Trust Bancorp (WASH) Stock Price

Press coverage about Washington Trust Bancorp (NASDAQ:WASH) has trended somewhat positive on Friday, according to Accern. The research group scores the sentiment of news coverage by analyzing more than twenty million news and blog sources in real time. Accern ranks coverage of public companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Washington Trust Bancorp earned a media sentiment score of 0.07 on Accern’s scale. Accern also gave news articles about the financial services provider an impact score of 45.0000209810273 out of 100, indicating that recent news coverage is somewhat unlikely to have an effect on the company’s share price in the next several days.

Washington Trust Bancorp (NASDAQ:WASH) opened at $54.30 on Friday. Washington Trust Bancorp has a twelve month low of $47.00 and a twelve month high of $59.10. The company has a debt-to-equity ratio of 2.02, a current ratio of 1.09 and a quick ratio of 1.09. The stock has a market cap of $941.12, a price-to-earnings ratio of 18.91 and a beta of 0.75.

Washington Trust Bancorp (NASDAQ:WASH) last issued its earnings results on Monday, October 23rd. The financial services provider reported $0.75 earnings per share (EPS) 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 business had revenue of $47.34 million during the quarter.

Separately, Compass Point downgraded shares of Washington Trust Bancorp from a “buy” rating to a “neutral” rating in a research report on Tuesday, October 24th.

In other news, EVP James M. Hagerty sold 1,100 shares of the company’s stock in a transaction on Wednesday, November 8th. The shares were sold at an average price of $53.21, for a total value of $58,531.00. Following the completion of the transaction, the executive vice president now owns 7,609 shares in the company, valued at approximately $404,874.89. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, SVP Dennis L. Algiere sold 950 shares of the company’s stock in a transaction on Thursday, October 26th. The shares were sold at an average price of $56.60, for a total transaction of $53,770.00. Following the completion of the transaction, the senior vice president now owns 9,783 shares of the company’s stock, valued at approximately $553,717.80. The disclosure for this sale can be found here. In the last 90 days, insiders sold 11,580 shares of company stock valued at $640,449. Company insiders own 2.58% of the company’s stock.

TRADEMARK VIOLATION WARNING: “Somewhat Favorable News Coverage Somewhat Unlikely to Affect Washington Trust Bancorp (WASH) Stock Price” was first reported by Stock Observer and is the property of of Stock Observer. If you are accessing this piece on another website, it was illegally copied and reposted in violation of United States & international copyright & trademark law. The original version of this piece can be accessed at https://www.thestockobserver.com/2017/12/08/somewhat-favorable-news-coverage-somewhat-unlikely-to-affect-washington-trust-bancorp-wash-stock-price.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.

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

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

Leave a Reply