Positive Media Coverage Somewhat Unlikely to Impact Washington Trust Bancorp (WASH) Stock Price
Media coverage about Washington Trust Bancorp (NASDAQ:WASH) has been trending positive this week, Accern reports. The research group identifies negative and positive news coverage by analyzing more than twenty million news and blog sources in real-time. Accern ranks coverage of companies on a scale of negative one to one, with scores closest to one being the most favorable. Washington Trust Bancorp earned a media sentiment score of 0.27 on Accern’s scale. Accern also gave headlines about the financial services provider an impact score of 45.0445949421641 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the stock’s share price in the next several days.
Shares of Washington Trust Bancorp (NASDAQ:WASH) opened at $54.65 on Thursday. The stock has a market capitalization of $933.37, a P/E ratio of 18.91 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 has a 52 week low of $47.00 and a 52 week high of $59.10.
Washington Trust Bancorp (NASDAQ:WASH) last issued its earnings results on Monday, October 23rd. The financial services provider reported $0.75 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.74 by $0.01. The business had revenue of $47.34 million during the quarter. Washington Trust Bancorp had a return on equity of 12.44% and a net margin of 23.63%.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, January 12th. Stockholders of record on Tuesday, January 2nd will be paid a dividend of $0.39 per share. This represents a $1.56 dividend on an annualized basis and a dividend yield of 2.85%. The ex-dividend date is Friday, December 29th. Washington Trust Bancorp’s dividend payout ratio (DPR) is presently 53.98%.
Several analysts have issued reports on WASH shares. BidaskClub lowered 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.
In other news, Director John F. Treanor sold 5,500 shares of the stock in a transaction that occurred on Monday, December 4th. The stock was sold at an average price of $55.94, for a total transaction of $307,670.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Katherine W. Hoxsie sold 2,000 shares of the stock in a transaction that occurred on Thursday, October 26th. The shares were sold at an average price of $56.31, for a total value of $112,620.00. Following the sale, the director now directly owns 24,892 shares of the company’s stock, valued at approximately $1,401,668.52. The disclosure for this sale can be found here. In the last three months, insiders have sold 11,451 shares of company stock valued at $633,870. Insiders own 2.58% of the company’s stock.
WARNING: This piece of content was originally published by TheOlympiaReport and is the property of of TheOlympiaReport. If you are viewing this piece of content on another publication, it was illegally stolen and republished in violation of US & international trademark & copyright legislation. The original version of this piece of content can be viewed at https://theolympiareport.com/2018/01/11/positive-media-coverage-somewhat-unlikely-to-impact-washington-trust-bancorp-wash-stock-price.html.
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.
Receive News & Ratings for Washington Trust Bancorp Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Washington Trust Bancorp and related companies with MarketBeat.com's FREE daily email newsletter.