Washington Trust Bancorp (WASH) Receiving Somewhat Favorable Press Coverage, Accern Reports
News headlines about Washington Trust Bancorp (NASDAQ:WASH) have trended somewhat positive recently, according to Accern Sentiment Analysis. Accern scores the sentiment of press coverage by analyzing more than twenty million news and blog sources in real-time. Accern ranks coverage of public companies on a scale of negative one to one, with scores nearest to one being the most favorable. Washington Trust Bancorp earned a media sentiment score of 0.20 on Accern’s scale. Accern also gave news stories about the financial services provider an impact score of 47.8634282926115 out of 100, indicating that recent press coverage is somewhat unlikely to have an impact on the company’s share price in the immediate future.
Shares of WASH stock traded up $0.05 on Friday, reaching $59.25. The company’s stock had a trading volume of 36,869 shares, compared to its average volume of 33,840. Washington Trust Bancorp has a 1 year low of $48.85 and a 1 year high of $63.25. The company has a debt-to-equity ratio of 2.19, a quick ratio of 1.08 and a current ratio of 1.09. The firm has a market cap of $1.00 billion, a PE ratio of 16.57 and a beta of 0.67.
Washington Trust Bancorp (NASDAQ:WASH) last posted its earnings results on Monday, July 23rd. The financial services provider reported $1.01 earnings per share for the quarter, beating analysts’ consensus estimates of $0.94 by $0.07. Washington Trust Bancorp had a net margin of 24.28% and a return on equity of 14.68%. The firm had revenue of $49.10 million during the quarter.
In other Washington Trust Bancorp news, EVP Kristen L. Disanto sold 2,500 shares of Washington Trust Bancorp stock in a transaction on Monday, May 21st. The shares were sold at an average price of $58.50, for a total transaction of $146,250.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Victor J. Orsinger II sold 1,000 shares of Washington Trust Bancorp stock in a transaction on Tuesday, May 29th. The stock was sold at an average price of $59.95, for a total transaction of $59,950.00. The disclosure for this sale can be found here. Over the last three months, insiders sold 3,830 shares of company stock valued at $226,296. 2.33% of the stock is currently owned by insiders.
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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