From MarketBeat:

Washington Trust Bancorp Stock Down 7.7%, NASDAQ:WASH opened at $27.81 on Wednesday. The company has a market capitalization of $473.60 million, a P/E ratio of 9.90, and a beta of 0.84. The stock’s 50-day moving average price is $30.13 and its 200-day moving average price is $28.35.

Institutional Investors Weigh In On Washington Trust Bancorp

Several hedge funds recently added or reduced their stakes in WASH. Lindbrook Capital LLC owns 1,343 shares of Washington Trust Bancorp, valued at $36,000. Meanwhile, US Bancorp DE now owns 2,582 shares of the stock worth $69,000 after acquiring an additional 1,827 shares. Finally, CWM LLC owns 2,556 shares worth $69,000 after acquiring an additional 1,517 shares during the period.

About Washington Trust Bancorp

Washington Trust Bancorp, Inc operates as the bank holding company for The Washington Trust Company, of Westerly that offers various banking and financial services. The Commercial Banking segment provides various deposit accounts, commercial and retail lending products, and consumer loans.

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Read more: Washington Trust Bancorp (NASDAQ:WASH) Cut to “Neutral” at Seaport Res Ptn