Washington Trust Bancorp Inc (WASH): Katherine W Hoxsie , director of Washington Trust Bancorp Inc sold 2,000 shares on Sep 8, 2016. The Insider selling transaction was reported by the company on Sep 12, 2016 to the Securities and Exchange Commission. The shares were sold at $42.33 per share for a total value of $84,626.16 , the company said in a SEC Form 4 Filing.
Other Insider transactions have been reported by the company according to SEC Form 4, on Jun 13, 2016, Dennis L Algiere (SVP Ch Comp Off/Dir Com Affair) sold 300 shares at $38.61 per share price.On Jun 7, 2016, Mary E. Noons (SVP Retail Lending) sold 4,000 shares at $38.74 per share price.Also, On May 17, 2016, Victor J Ii Orsinger (director) sold 1,000 shares at $35.15 per share price.On Nov 30, 2015, David V Devault (Vice Chair, Secretary and CFO) sold 3,640 shares at $41.10 per share price.
Washington Trust Bancorp: On Monday, Sep 12, 2016 heightened volatility was witnessed in Washington Trust Bancorp which led to swings in the share price. The shares opened for trading at $42.29 and hit $42.87 on the upside , eventually ending the session at $42.86, with a gain of 1.30% or 0.55 points. The heightened volatility saw the trading volume jump to 45,115 shares. The 52-week high of the share price is $42.87 and the company has a market cap of $732 M . The 52-week low of the share price is at $34.59.
Company has been under the radar of several Street Analysts.Washington Trust Bancorp is Reiterated by Compass Point to Buy and the brokerage firm has raised the Price Target to $ 43 from a previous price target of $41 .The Rating was issued on Jul 26, 2016.
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.