Institutional Investor Sentiment About Washington Trust Bancorp Inc (NASDAQ:WASH) Improved

June 14, 2018 - By Marry Poplack

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 2018 Q1. Its up 0.21, from 1.11 in 2017Q4. The ratio is more positive, as 50 hedge funds increased and opened new stock positions, while 38 cut down and sold their positions in Washington Trust Bancorp Inc. The hedge funds in our partner’s database now have: 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 stock 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 $1.06 billion. The firm operates in two divisions, Commercial Banking and Wealth Management Services. It has a 21.16 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 0.82% or $0.5 during the last trading session, reaching $61.15. About 22,696 shares traded. Washington Trust Bancorp, Inc. (NASDAQ:WASH) has risen 24.28% since June 14, 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 buy, and 6 sales for $543,722 activity.

Washington Trust Bancorp, Inc. (NASDAQ:WASH) Ratings Coverage

Ratings analysis reveals 50% of Washington Trust Bancorp’s analysts are positive. Out of 2 Wall Street analysts rating Washington Trust Bancorp, 1 give it “Buy”, 0 “Sell” rating, while 1 recommend “Hold”. WASH was included in 2 notes of analysts from December 18, 2017. On Thursday, December 21 the stock rating was maintained by Keefe Bruyette & Woods with “Hold”. The firm has “Buy” rating by Compass Point given on Monday, December 18.

Another recent and important Washington Trust Bancorp, Inc. (NASDAQ:WASH) news was published by Globenewswire.com which published an article titled: “New Research Coverage Highlights FutureFuel, Datawatch, Independence Contract Drilling, Hooker Furniture …” on May 25, 2018.

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

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