Washington Trust Bancorp (NASDAQ:WASH) Receiving Somewhat Positive Media Coverage, Study Finds
Press coverage about Washington Trust Bancorp (NASDAQ:WASH) has been trending somewhat positive on Sunday, according to Accern Sentiment. The research firm identifies positive and negative media coverage by monitoring more than 20 million blog and news sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Washington Trust Bancorp earned a coverage optimism score of 0.08 on Accern’s scale. Accern also gave news coverage about the financial services provider an impact score of 45.2518999126455 out of 100, indicating that recent media coverage is somewhat unlikely to have an effect on the stock’s share price in the near future.
Separately, BidaskClub upgraded shares of Washington Trust Bancorp from a “sell” rating to a “hold” rating in a research report on Tuesday, July 24th.
Shares of NASDAQ:WASH traded up $0.40 during trading on Friday, hitting $58.10. 14,431 shares of the company’s stock were exchanged, compared to its average volume of 22,567. Washington Trust Bancorp has a 1-year low of $51.25 and a 1-year high of $63.25. The company has a debt-to-equity ratio of 2.19, a current ratio of 1.09 and a quick ratio of 1.08. The stock has a market cap of $1.00 billion, a price-to-earnings ratio of 16.55 and a beta of 0.61.
In other Washington Trust Bancorp news, Director Katherine W. Hoxsie sold 1,500 shares of Washington Trust Bancorp stock in a transaction that occurred on Monday, September 10th. The shares were sold at an average price of $59.02, for a total value of $88,530.00. Following the transaction, the director now owns 25,422 shares of the company’s stock, valued at $1,500,406.44. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director John F. Treanor sold 4,000 shares of Washington Trust Bancorp stock in a transaction that occurred on Friday, August 17th. The shares were sold at an average price of $59.24, for a total transaction of $236,960.00. Following the completion of the transaction, the director now directly owns 10,855 shares in the company, valued at approximately $643,050.20. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 14,500 shares of company stock valued at $859,210. Corporate insiders own 2.33% of the company’s stock.
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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