Washington Trust Bancorp Inc Institutional Investor Sentiment Improved in 2018 Q1

July 27, 2018 - By Billy Entrekin

Washington Trust Bancorp, Inc. (NASDAQ:WASH) Logo

Sentiment for Washington Trust Bancorp Inc (NASDAQ:WASH)

Washington Trust Bancorp Inc (NASDAQ:WASH) institutional sentiment increased to 1.32 in Q1 2018. Its up 0.21, from 1.11 in 2017Q4. The ratio improved, as 50 hedge funds increased or started new positions, while 38 sold and reduced positions in Washington Trust Bancorp Inc. The hedge funds in our partner’s database now own: 9.43 million shares, down from 9.52 million shares in 2017Q4. Also, the number of hedge funds holding Washington Trust Bancorp Inc in their top 10 positions was flat from 1 to 1 for the same number . Sold All: 8 Reduced: 30 Increased: 38 New Position: 12.

Washington Trust Bancorp, Inc. operates as the bank holding firm for The Washington Trust Company that offers various banking and financial services and products to individuals and businesses. The company has market cap of $1.05 billion. The firm operates in two divisions, Commercial Banking and Wealth Management Services. It has a 21.06 P/E ratio. The Commercial Banking segment offers deposit accounts, including interest-bearing checking, noninterest-bearing checking, savings, money market, and retirement deposit accounts; and certificates of deposit, as well as debit card, ATM, telephone banking, Internet banking, mobile banking, remote deposit capture, and cash management services.

The stock increased 0.16% or $0.1 during the last trading session, reaching $60.85. About 25,988 shares traded. Washington Trust Bancorp, Inc. (NASDAQ:WASH) has risen 24.28% since July 27, 2017 and is uptrending. It has outperformed by 11.71% the S&P500.

New England Research & Management Inc. holds 2.71% of its portfolio in Washington Trust Bancorp, Inc. for 75,238 shares. Washington Trust Co owns 462,912 shares or 1.46% of their US portfolio. Moreover, Endurance Wealth Management Inc. has 0.86% invested in the company for 95,089 shares. The Rhode Island-based New England Professional Planning Group Inc. has invested 0.75% in the stock. Champlain Investment Partners Llc, a Us-based fund reported 827,965 shares.

Since January 1, 0001, it had 1 insider buy, and 6 sales for $543,722 activity.

More notable recent Washington Trust Bancorp, Inc. (NASDAQ:WASH) news were published by: Nasdaq.com which released: “Washington Trust Announces Date of Second Quarter 2018 Earnings Release, Conference Call and Webcast” on July 03, 2018, also Nasdaq.com with their article: “Washington Trust Provides $19.5 Million in Financing for Multi-Tenant Retail Center in Waterbury, CT” published on July 09, 2018, Nasdaq.com published: “American Banker Names Washington Trust to Top 50 ranking of Midtier Banks for Fifth Consecutive Year” on July 10, 2018. More interesting news about Washington Trust Bancorp, Inc. (NASDAQ:WASH) were released by: Globenewswire.com and their article: “Nation’s Oldest Community Bank to Ring Nasdaq Opening Bell” published on July 26, 2018 as well as Benzinga.com‘s news article titled: “Preview: Washington Trust Bancorp’s Earnings” with publication date: July 23, 2018.

Washington Trust Bancorp, Inc. (NASDAQ:WASH) Institutional Positions Chart

Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our FREE daily email newsletter.