Washington Trust Bancorp (WASH) is Downgraded by Keefe Bruyette to Mkt Perform

Washington Trust Bancorp (WASH) was Downgraded by Keefe Bruyette to ” Mkt Perform”. Earlier the firm had a rating of “Outperform ” on the company shares. Keefe Bruyette advised their investors in a research report released on Oct 3, 2016.

Many Wall Street Analysts have commented on Washington Trust Bancorp. Washington Trust Bancorp was Downgraded by Keefe Bruyette to ” Mkt Perform” on Oct 3, 2016. Company shares were Reiterated by Compass Point on Jul 26, 2016 to “Buy”, Firm has raised the Price Target to $ 43 from a previous price target of $41 .

Washington Trust Bancorp opened for trading at $40.14 and hit $40.83 on the upside on Friday, eventually ending the session at $40.22, with a gain of 0.73% or 0.29 points. The heightened volatility saw the trading volume jump to 69,750 shares. Company has a market cap of $687 M.

In a different news, on Sep 12, 2016, Katherine W Hoxsie (director) sold 2,000 shares at $42.33 per share price. According to the SEC, 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, 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.

Washington Trust Bancorp

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