Washington Trust Bancorp (WASH) was Reiterated by Compass Point to “Buy” according to the research note released today. The brokerage firm has raised the Price Target to $ 43 from a previous price target of $41 . Compass Point advised their investors in a research report released on Jul 26, 2016.
Washington Trust Bancorp closed down -0.02 points or -0.05% at $39.45 with 26,310 shares getting traded on Wednesday. Post opening the session at $39.72, the shares hit an intraday low of $39.29 and an intraday high of $39.72 and the price fluctuated in this range throughout the day.Shares ended Wednesday session in Red.
In a different news, on Jun 13, 2016, Dennis L Algiere (SVP Ch Comp Off/Dir Com Affair) sold 300 shares at $38.61 per share price. According to the SEC, on Jun 7, 2016, Mary E. Noons (SVP Retail Lending) sold 4,000 shares at $38.74 per share price. On May 17, 2016, Victor J Ii Orsinger (director) sold 1,000 shares at $35.15 per share price, according to the Form-4 filing with the securities and exchange commission.
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.