News stories about Washington Trust Bancorp (NASDAQ:WASH) have been trending somewhat positive this week, according to Accern Sentiment Analysis. The research group ranks the sentiment of media coverage by monitoring more than twenty million blog and news sources in real time. Accern ranks coverage of 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 0.24 on Accern’s scale. Accern also gave media stories about the financial services provider an impact score of 46.0185299964632 out of 100, meaning that recent media coverage is somewhat unlikely to have an impact on the company’s share price in the next few days.
Here are some of the media stories that may have effected Accern Sentiment Analysis’s rankings:
WASH has been the topic of several research analyst reports. BidaskClub downgraded Washington Trust Bancorp from a “hold” rating to a “sell” rating in a research note on Saturday, December 9th. Compass Point raised Washington Trust Bancorp from a “neutral” rating to a “buy” rating in a research note on Monday, December 18th.
Washington Trust Bancorp (WASH) traded up $0.60 during trading on Friday, reaching $53.95. The company had a trading volume of 17,720 shares, compared to its average volume of 41,366. Washington Trust Bancorp has a fifty-two week low of $47.00 and a fifty-two week high of $59.10. The company has a market capitalization of $939.52, a PE ratio of 20.44 and a beta of 0.75. The company has a debt-to-equity ratio of 2.02, a current ratio of 1.09 and a quick ratio of 1.09.
Washington Trust Bancorp (NASDAQ:WASH) last released its quarterly earnings results on Tuesday, January 30th. The financial services provider reported $0.82 earnings per share for the quarter, beating analysts’ consensus estimates of $0.75 by $0.07. Washington Trust Bancorp had a net margin of 21.38% and a return on equity of 12.82%. The company had revenue of $47.10 million during the quarter.
In other Washington Trust Bancorp news, Director John F. Treanor sold 5,500 shares of the business’s stock in a transaction that occurred on Monday, December 4th. The shares were sold at an average price of $55.94, for a total transaction of $307,670.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 2.58% of the stock is currently owned by insiders.
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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.
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