Somewhat Positive Press Coverage Somewhat Unlikely to Impact Washington Trust Bancorp (NASDAQ:WASH) Stock Price

Media coverage about Washington Trust Bancorp (NASDAQ:WASH) has been trending somewhat positive recently, Accern Sentiment Analysis reports. The research group identifies negative and positive news coverage by analyzing more than twenty million blog and news sources. Accern ranks coverage of companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Washington Trust Bancorp earned a daily sentiment score of 0.21 on Accern’s scale. Accern also gave press coverage about the financial services provider an impact score of 47.1236830515226 out of 100, indicating that recent news coverage is somewhat unlikely to have an effect on the company’s share price in the near term.

Washington Trust Bancorp (NASDAQ WASH) traded up 0.41% during trading on Friday, hitting $49.50. 39,992 shares of the stock were exchanged. Washington Trust Bancorp has a 12 month low of $38.92 and a 12 month high of $58.30. The stock’s 50 day moving average price is $51.80 and its 200 day moving average price is $51.30. The stock has a market cap of $851.90 million, a P/E ratio of 17.31 and a beta of 0.73.

Washington Trust Bancorp (NASDAQ:WASH) last announced its quarterly earnings data on Monday, July 24th. The financial services provider reported $0.76 earnings per share for the quarter, beating analysts’ consensus estimates of $0.70 by $0.06. The firm had revenue of $46.71 million during the quarter. Washington Trust Bancorp had a net margin of 23.86% and a return on equity of 12.43%. Analysts forecast that Washington Trust Bancorp will post $2.92 EPS for the current fiscal year.

Separately, BidaskClub upgraded shares of Washington Trust Bancorp from a “sell” rating to a “hold” rating in a research note on Thursday, August 3rd.

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In related news, Chairman Joseph J. Marcaurele sold 5,000 shares of Washington Trust Bancorp stock in a transaction that occurred on Friday, August 4th. The shares were sold at an average price of $52.80, for a total value of $264,000.00. Following the completion of the transaction, the chairman now owns 57,583 shares in the company, valued at $3,040,382.40. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Insiders sold 5,481 shares of company stock valued at $287,630 in the last 90 days. Company insiders own 2.58% of the company’s stock.

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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