Washington Trust Bancorp (WASH) Sets New 12-Month High and Low at $60.60

Shares of Washington Trust Bancorp (NASDAQ:WASH) hit a new 52-week high and low during trading on Friday . The company traded as low as $60.60 and last traded at $60.15, with a volume of 256 shares traded. The stock had previously closed at $60.15.

Separately, BidaskClub raised shares of Washington Trust Bancorp from a “hold” rating to a “buy” rating in a research report on Friday.

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The company has a current ratio of 1.07, a quick ratio of 1.06 and a debt-to-equity ratio of 2.01. The stock has a market capitalization of $1.04 billion, a P/E ratio of 18.53 and a beta of 0.72.

In other Washington Trust Bancorp news, Director Edwin J. Santos sold 800 shares of the company’s stock in a transaction on Monday, April 30th. The shares were sold at an average price of $55.63, for a total transaction of $44,504.00. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, EVP Kristen L. Disanto sold 2,500 shares of the company’s stock in a transaction on Monday, May 21st. The stock was 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 have sold 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 and other institutional investors have recently bought and sold shares of WASH. Schwab Charles Investment Management Inc. raised its position in Washington Trust Bancorp by 9.0% during the fourth quarter. Schwab Charles Investment Management Inc. now owns 77,814 shares of the financial services provider’s stock worth $4,144,000 after acquiring an additional 6,442 shares in the last quarter. Teacher Retirement System of Texas bought a new stake in Washington Trust Bancorp during the fourth quarter worth $282,000. California Public Employees Retirement System raised its position in Washington Trust Bancorp by 10.0% during the fourth quarter. California Public Employees Retirement System now owns 23,817 shares of the financial services provider’s stock worth $1,268,000 after acquiring an additional 2,169 shares in the last quarter. First Trust Advisors LP raised its position in Washington Trust Bancorp by 23.9% during the fourth quarter. First Trust Advisors LP now owns 50,561 shares of the financial services provider’s stock worth $2,692,000 after acquiring an additional 9,754 shares in the last quarter. Finally, Wells Fargo & Company MN raised its position in Washington Trust Bancorp by 12.5% during the fourth quarter. Wells Fargo & Company MN now owns 26,756 shares of the financial services provider’s stock worth $1,425,000 after acquiring an additional 2,979 shares in the last quarter. 55.16% of the stock is currently owned by hedge funds and other 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.