New England Research Management Lowers stake in Washington Trust Bancorp (WASH)

Washington Trust Bancorp (WASH) : New England Research Management reduced its stake in Washington Trust Bancorp by 0.19% during the most recent quarter end. The investment management company now holds a total of 64,093 shares of Washington Trust Bancorp which is valued at $2,379,132 after selling 125 shares in Washington Trust Bancorp , the firm said in a disclosure report filed with the SEC on Jul 5, 2016.Washington Trust Bancorp makes up approximately 2.07% of New England Research Management’s portfolio.

Washington Trust Bancorp opened for trading at $38.34 and hit $38.88 on the upside on Monday, eventually ending the session at $38.46, with a gain of 0.92% or 0.35 points. The heightened volatility saw the trading volume jump to 45,497 shares. Company has a market cap of $656 M.

Washington Trust Bancorp Inc. (the Bancorp) is a bank holding company and financial holding company. The Company operates in two segments: Commercial Banking and Wealth Management Services. 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 machine (ATMs) telephone and Internet banking services and customer support and sales. Wealth Management Services includes investment management; financial planning; personal trust services including services as trustee administrator custodian and guardian and estate settlement. Institutional trust services are also provided including fiduciary services.

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