Washington Trust Bancorp Inc. (WASH) Director Katherine W. Hoxsie Sells 2,000 Shares

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Washington Trust Bancorp Inc. (NASDAQ:WASH) Director Katherine W. Hoxsie sold 2,000 shares of Washington Trust Bancorp stock in a transaction on Thursday, September 8th. The stock was sold at an average price of $42.31, for a total transaction of $84,620.00. Following the transaction, the director now directly owns 24,302 shares of the company’s stock, valued at approximately $1,028,217.62. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.
Washington Trust Bancorp Inc. (NASDAQ:WASH) opened at 42.86 on Tuesday. Washington Trust Bancorp Inc. has a 52 week low of $34.59 and a 52 week high of $42.87. The company has a market cap of $732.09 million, a P/E ratio of 17.16 and a beta of 0.87. The company’s 50-day moving average is $39.78 and its 200-day moving average is $38.09.
Washington Trust Bancorp (NASDAQ:WASH) last posted its earnings results on Monday, July 25th. The financial services provider reported $0.64 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.66 by $0.02. Washington Trust Bancorp had a return on equity of 11.32% and a net margin of 22.85%. On average, analysts anticipate that Washington Trust Bancorp Inc. will post $2.56 EPS for the current fiscal year.

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Separately, Compass Point lifted their target price on shares of Washington Trust Bancorp from $41.00 to $43.00 and gave the stock a “buy” rating in a research note on Tuesday, July 26th.
Institutional investors have recently modified their holdings of the company. Foundry Partners LLC raised its position in shares of Washington Trust Bancorp by 0.3% in the second quarter. Foundry Partners LLC now owns 73,137 shares of the financial services provider’s stock worth $2,773,000 after buying an additional 225 shares during the last quarter. Envestnet Asset Management Inc. raised its position in shares of Washington Trust Bancorp by 1.8% in the first quarter. Envestnet Asset Management Inc. now owns 3,184 shares of the financial services provider’s stock worth $119,000 after buying an additional 55 shares during the last quarter. Renaissance Technologies LLC raised its position in shares of Washington Trust Bancorp by 22.8% in the first quarter. Renaissance Technologies LLC now owns 386,514 shares of the financial services provider’s stock worth $14,425,000 after buying an additional 71,846 shares during the last quarter. Geode Capital Management LLC raised its position in shares of Washington Trust Bancorp by 1.3% in the first quarter. Geode Capital Management LLC now owns 120,240 shares of the financial services provider’s stock worth $4,487,000 after buying an additional 1,599 shares during the last quarter. Finally, UBS Group AG raised its position in shares of Washington Trust Bancorp by 200.4% in the first quarter. UBS Group AG now owns 14,495 shares of the financial services provider’s stock worth $541,000 after buying an additional 9,670 shares during the last quarter. 52.25% of the stock is currently owned by hedge funds and other institutional investors.
Washington Trust Bancorp Company Profile
Washington Trust Bancorp, Inc (Bancorp) is a bank holding and financial holding company. The Company operates through two segments: Commercial Banking and Wealth Management Services. Its Commercial Banking segment includes commercial, residential and consumer lending activities; equity in losses of unconsolidated investments in real estate limited partnerships, mortgage banking, secondary market and loan servicing activities; deposit generation; merchant credit card services; cash management activities, and direct banking activities, which include the operation of automated teller machines (ATMs), telephone and Internet banking services, and customer support and sales.

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