Shares of Washington Trust Bancorp (NASDAQ:WASH) reached a new 52-week high and low on Thursday . The company traded as low as $60.20 and last traded at $60.00, with a volume of 1290 shares traded. The stock had previously closed at $59.65.
Separately, BidaskClub downgraded shares of Washington Trust Bancorp from a “hold” rating to a “sell” rating in a research report on Friday, January 26th.
The stock has a market capitalization of $1.03 billion, a price-to-earnings ratio of 18.30 and a beta of 0.72. The company has a debt-to-equity ratio of 2.01, a quick ratio of 1.06 and a current ratio of 1.07.
In related news, Director Edwin J. Santos sold 800 shares of the stock in a transaction dated Monday, April 30th. The shares were sold at an average price of $55.63, for a total transaction of $44,504.00. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, EVP Kristen L. Disanto sold 2,500 shares of the stock in a transaction dated Monday, May 21st. The shares were sold at an average price of $58.50, for a total transaction of $146,250.00. The disclosure for this sale can be found here. Insiders sold a total of 3,500 shares of company stock worth $202,694 over the last ninety days. Insiders own 2.33% of the company’s stock.
A number of hedge funds have recently made changes to their positions in WASH. Teacher Retirement System of Texas purchased a new stake in Washington Trust Bancorp during the 4th quarter valued at about $282,000. WBI Investments Inc. purchased a new stake in Washington Trust Bancorp during the 1st quarter valued at about $308,000. Barry Investment Advisors LLC purchased a new stake in Washington Trust Bancorp during the 1st quarter valued at about $323,000. Affinity Investment Advisors LLC grew its position in Washington Trust Bancorp by 45.4% during the 1st quarter. Affinity Investment Advisors LLC now owns 6,303 shares of the financial services provider’s stock valued at $339,000 after purchasing an additional 1,967 shares during the last quarter. Finally, Citigroup Inc. grew its position in Washington Trust Bancorp by 38.4% during the 1st quarter. Citigroup Inc. now owns 6,558 shares of the financial services provider’s stock valued at $352,000 after purchasing an additional 1,820 shares during the last quarter. 55.16% of the stock is currently owned by institutional investors.
Washington Trust Bancorp Company Profile
Washington Trust Bancorp, Inc operates as the bank holding company for The Washington Trust Company, of Westerly that offers various financial products and services to individuals and businesses. The company operates in two segments, Commercial Banking and Wealth Management Services. The Commercial Banking segment provides various commercial and retail lending products, which include commercial real estate loans consisting of commercial mortgages and construction loans; commercial and industrial loans; residential real estate loans; and consumer loans comprising home equity loans and lines of credit, personal installment loans, and loans to individuals secured by general aviation aircraft.
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