Regulatory Insider Filing: Warning Washington Trust Bancorp (NASDAQ:WASH) optimists! Kristen Disanto just Sold 3,000 shares.

November 29, 2016 - By Marie Mckinney

Regulatory Insider Filing: Warning Washington Trust Bancorp (NASDAQ:WASH) optimists! Kristen Disanto just Sold 3,000 shares.

Kristen Disanto Insider Sell

Kristen Disanto who is presently the EVP Human Resources of Washington Trust Bancorp Inc not a long ago sold 3,000 shares of the public firm. The insider deal has $158,410 U.S Dollars total value, at an average price-per-share of $52.8. The deal, dated November 29, 2016, is recorded on a report that was filed with the U.S. SEC and is on hand here. Now, she owns 9,752 shares or 0.06% of the company’s market cap.

Washington Trust Bancorp (NASDAQ:WASH) Ratings Coverage

Out of 4 analysts covering Washington Trust Bancorp (NASDAQ:WASH), 0 rate it a “Buy”, 0 “Sell”, while 4 “Hold”. This means 0 are positive. $44 is the highest target while $39.0 is the lowest. The $41.60 average target is -19.22% below today’s ($51.5) stock price. Washington Trust Bancorp has been the topic of 10 analyst reports since July 22, 2015 according to StockzIntelligence Inc. The rating was downgraded by Compass Point to “Neutral” on Friday, November 18. Compass Point upgraded Washington Trust Bancorp (NASDAQ:WASH) on Wednesday, January 27 to “Buy” rating. The firm has “Market Perform” rating by Keefe Bruyette & Woods given on Monday, October 3. The rating was upgraded by Compass Point to “Buy” on Tuesday, October 25. The firm has “Neutral” rating given on Tuesday, September 20 by Compass Point. The stock of Washington Trust Bancorp (NASDAQ:WASH) earned “Outperform” rating by Keefe Bruyette & Woods on Wednesday, December 30. As per Tuesday, October 20, the company rating was maintained by Compass Point.

Insitutional Activity: The institutional sentiment decreased to 1.24 in 2016 Q2. Its down 0.26, from 1.5 in 2016Q1. The ratio worsened, as 8 funds sold all Washington Trust Bancorp shares owned while 26 reduced positions. 10 funds bought stakes while 41 increased positions. They now own 8.99 million shares or 1.15% more from 8.89 million shares in 2016Q1.

Renaissance Technologies Ltd Llc has 377,629 shares for 0.03% of their US portfolio. Deutsche Commercial Bank Ag has 63,006 shares for 0% of their US portfolio. Moreover, Foundry Ptnrs Ltd has 0.16% invested in Washington Trust Bancorp (NASDAQ:WASH) for 73,137 shares. Moreover, Loring Wolcott Coolidge Fiduciary Advsr Llp Ma has 0% invested in Washington Trust Bancorp (NASDAQ:WASH) for 200 shares. Invesco Ltd has invested 0% of its portfolio in Washington Trust Bancorp (NASDAQ:WASH). Millennium Ltd has 10,108 shares for 0% of their US portfolio. Raymond James Financial Advsrs has 5,731 shares for 0% of their US portfolio. Envestnet Asset Mgmt holds 3,114 shares or 0% of its portfolio. Guggenheim Capital Ltd accumulated 12,300 shares or 0% of the stock. Legal General Gru Plc last reported 0% of its portfolio in the stock. Great West Life Assurance Can holds 0% or 1,871 shares in its portfolio. The Nebraska-based Cwm Ltd Company has invested 0.01% in Washington Trust Bancorp (NASDAQ:WASH). Jpmorgan Chase And Communication reported 67,987 shares or 0% of all its holdings. Lsv Asset Mgmt has 0.01% invested in the company for 95,747 shares. Ativo Cap Management Ltd Llc, a Illinois-based fund reported 25,372 shares.

Insider Transactions: Since June 3, 2016, the stock had 0 insider buys, and 6 insider sales for $426,759 net activity. $155,000 worth of Washington Trust Bancorp (NASDAQ:WASH) was sold by Noons Mary E. on Friday, June 3. ALGIERE DENNIS L sold 2,200 shares worth $101,347. 1,000 shares were sold by ORSINGER VICTOR J II, worth $51,980. On Monday, November 21 Gim Mark K W sold $155,555 worth of the stock or 3,000 shares. $84,626 worth of Washington Trust Bancorp (NASDAQ:WASH) was sold by HOXSIE KATHERINE W.

The stock increased 0.10% or $0.05 on November 29, hitting $51.5. About 89,077 shares traded hands or 82.46% up from the average. Washington Trust Bancorp (NASDAQ:WASH) has risen 38.08% since April 26, 2016 and is uptrending. It has outperformed by 32.82% the S&P500.

Washington Trust Bancorp, Inc. is a bank holding and financial holding company. The company has a market cap of $861.66 million. The Firm operates through two divisions: Commercial Banking and Wealth Management Services. It has a 19.68 P/E ratio. The Company’s 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.

According to Zacks Investment Research, “Washington Trust Bancorp, Inc. is a publicly-owned, registered bank holding company whose subsidiaries are permitted to engage in banking and other financial services and businesses. They conduct their business through their wholly owned subsidiary, The Washington Trust Company, commercial bank.”

Analysts await Washington Trust Bancorp (NASDAQ:WASH) to report earnings on January, 24.

More recent Washington Trust Bancorp (NASDAQ:WASH) news were published by: Seekingalpha.com which released: “Washington Trust Bancorp’s (WASH) CEO Joseph MarcAurele on Q3 2016 Results ..” on October 25, 2016. Also Seekingalpha.com published the news titled: “Washington Trust Bancorp: Don’t Buy It For Growth, Buy It For Its Dividend” on July 05, 2016. Globenewswire.com‘s news article titled: “Washington Trust Provides $13.5 Million in Financing for Off-Campus Student ..” with publication date: November 22, 2016 was also an interesting one.

WASH Company Profile

Washington Trust Bancorp, Inc. (Bancorp), incorporated on January 5, 1984, is a bank holding and financial holding company. The Firm operates through two divisions: Commercial Banking and Wealth Management Services. The Company’s 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. The Company’s Wealth Management Services segment includes investment management; financial planning; personal trust and estate services, including services as trustee, personal representative, custodian and guardian; settlement of decedents’ estates, and institutional trust services, including fiduciary services.

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