Washington Trust Bancorp, Inc. (NASDAQ:WASH) released its earnings results on Monday, July 24th. The financial services provider reported $0.76 EPS for the quarter, topping analysts’ consensus estimates of $0.70 by $0.06, Bloomberg Earnings reports. Washington Trust Bancorp had a net margin of 23.86% and a return on equity of 12.43%. The firm had revenue of $46.71 million during the quarter.
Shares of Washington Trust Bancorp (NASDAQ WASH) traded up 0.41% during trading on Friday, hitting $49.50. 39,992 shares of the stock traded hands. The firm has a market capitalization of $851.90 million, a price-to-earnings ratio of 17.31 and a beta of 0.73. Washington Trust Bancorp has a 1-year low of $38.92 and a 1-year high of $58.30. The firm has a 50-day moving average of $51.80 and a 200-day moving average of $51.30.
In other news, Chairman Joseph J. Marcaurele sold 5,000 shares of the 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 transaction, the chairman now owns 57,583 shares in the company, valued at approximately $3,040,382.40. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Insiders sold a total of 5,481 shares of company stock worth $287,630 in the last quarter. Company insiders own 2.58% of the company’s stock.
Separately, BidaskClub raised shares of Washington Trust Bancorp from a “sell” rating to a “hold” rating in a report on Thursday, August 3rd.
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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.
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