Washington Trust Bancorp, Inc. (NASDAQ:WASH) shares hit a new 52-week high during mid-day trading on Tuesday . The stock traded as high as $49.80 and last traded at $49.63, with a volume of 255 shares changing hands. The stock had previously closed at $46.52.
Several equities analysts have weighed in on WASH shares. TheStreet raised Washington Trust Bancorp from a “c+” rating to a “b” rating in a research note on Friday, November 13th. Zacks Investment Research upgraded Washington Trust Bancorp from a “hold” rating to a “buy” rating and set a $49.00 price objective for the company in a report on Wednesday, February 3rd.
The firm has a market capitalization of $853.58 million, a P/E ratio of 12.52 and a beta of 0.62. The business has a 50-day moving average of $46.08 and a 200 day moving average of $39.10. The company has a current ratio of 1.10, a quick ratio of 1.09 and a debt-to-equity ratio of 1.98.
Large investors have recently bought and sold shares of the business. Captrust Financial Advisors purchased a new stake in shares of Washington Trust Bancorp during the fourth quarter worth $28,000. Aigen Investment Management LP purchased a new stake in shares of Washington Trust Bancorp during the third quarter worth $34,000. Canton Hathaway LLC purchased a new stake in shares of Washington Trust Bancorp in the fourth quarter worth $50,000. BNP Paribas Arbitrage SA raised its position in shares of Washington Trust Bancorp by 542.2% in the third quarter. BNP Paribas Arbitrage SA now owns 4,059 shares of the financial services provider’s stock worth $124,000 after buying an additional 3,427 shares in the last quarter. Finally, SG Americas Securities LLC purchased a new stake in shares of Washington Trust Bancorp in the fourth quarter worth $191,000. Hedge funds and other institutional investors own 71.46% of the company’s stock.
Washington Trust Bancorp Company Profile (NASDAQ:WASH)
Washington Trust Bancorp, Inc operates as the bank holding company for The Washington Trust Company, of Westerly that offers various financial 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 consists of mortgage and homeowner construction 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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