Washington Trust Bancorp (WASH) Earns News Impact Rating of 0.30

Media headlines about Washington Trust Bancorp (NASDAQ:WASH) have been trending positive recently, Accern reports. The research firm identifies positive and negative media coverage by reviewing more than twenty million news and blog sources in real-time. Accern ranks coverage of companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Washington Trust Bancorp earned a media sentiment score of 0.30 on Accern’s scale. Accern also assigned news coverage about the financial services provider an impact score of 45.1743319961022 out of 100, meaning that recent media coverage is somewhat unlikely to have an effect on the company’s share price in the next several days.

A number of brokerages recently commented on WASH. BidaskClub upgraded Washington Trust Bancorp from a “sell” rating to a “hold” rating in a research report on Wednesday, December 20th. Compass Point raised Washington Trust Bancorp from a “neutral” rating to a “buy” rating in a research note on Monday, December 18th.

Shares of Washington Trust Bancorp (NASDAQ WASH) opened at $55.70 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. The stock has a market capitalization of $959.20, a price-to-earnings ratio of 19.27 and a beta of 0.75. Washington Trust Bancorp has a one year low of $47.00 and a one year high of $59.10.

Washington Trust Bancorp (NASDAQ:WASH) last posted its earnings results on Monday, October 23rd. The financial services provider reported $0.75 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.74 by $0.01. The company had revenue of $47.34 million during the quarter. Washington Trust Bancorp had a return on equity of 12.44% and a net margin of 23.63%.

The firm also recently announced a quarterly dividend, which was paid on Friday, January 12th. Shareholders of record on Tuesday, January 2nd were paid a dividend of $0.39 per share. The ex-dividend date was Friday, December 29th. This represents a $1.56 annualized dividend and a yield of 2.80%. Washington Trust Bancorp’s dividend payout ratio (DPR) is 53.98%.

In other news, SVP Dennis L. Algiere sold 950 shares of Washington Trust Bancorp stock in a transaction on Thursday, October 26th. The stock was sold at an average price of $56.60, for a total value of $53,770.00. Following the completion of the sale, the senior vice president now directly owns 9,783 shares of the company’s stock, valued at $553,717.80. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, Director John F. Treanor sold 5,500 shares of Washington Trust Bancorp stock in a transaction on Monday, December 4th. The shares were sold at an average price of $55.94, for a total value of $307,670.00. The disclosure for this sale can be found here. In the last three months, insiders have sold 11,451 shares of company stock valued at $633,870. 2.58% of the stock is owned by insiders.

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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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