Washington Trust Bancorp, Inc. (NASDAQ:WASH) Director Victor J. Orsinger II sold 1,000 shares of the business’s stock in a transaction dated Friday, November 10th. The stock was sold at an average price of $53.23, for a total transaction of $53,230.00. Following the sale, the director now directly owns 2,230 shares in the company, valued at $118,702.90. The sale was disclosed in a legal filing with the SEC, which is available through this link.

Shares of Washington Trust Bancorp, Inc. (NASDAQ:WASH) opened at $53.35 on Tuesday. The company has a debt-to-equity ratio of 2.02, a quick ratio of 1.09 and a current ratio of 1.09. Washington Trust Bancorp, Inc. has a 52-week low of $47.00 and a 52-week high of $59.10. The company has a market cap of $910.12, a PE ratio of 18.29 and a beta of 0.76.

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

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Several equities research analysts have commented on WASH shares. Compass Point cut shares of Washington Trust Bancorp from a “buy” rating to a “neutral” rating in a research report on Tuesday, October 24th. BidaskClub cut shares of Washington Trust Bancorp from a “hold” rating to a “sell” rating in a research report on Monday, July 24th.

Hedge funds have recently modified their holdings of the company. SG Americas Securities LLC bought a new stake in shares of Washington Trust Bancorp in the 3rd quarter valued at about $128,000. Tower Research Capital LLC TRC raised its holdings in shares of Washington Trust Bancorp by 1,825.7% in the 2nd quarter. Tower Research Capital LLC TRC now owns 2,696 shares of the financial services provider’s stock valued at $139,000 after purchasing an additional 2,556 shares during the period. Boston Private Wealth LLC bought a new stake in shares of Washington Trust Bancorp in the 2nd quarter valued at about $202,000. Susquehanna International Group LLP bought a new stake in shares of Washington Trust Bancorp in the 2nd quarter valued at about $202,000. Finally, HM Payson & Co. bought a new stake in shares of Washington Trust Bancorp in the 2nd quarter valued at about $203,000. 54.95% of the stock is currently owned by institutional investors.

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)

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