Washington Trust (WASH) is Upgraded by Keefe Bruyette to Outperform

Washington Trust (WASH) is Upgraded by Keefe Bruyette to Outperform , according to the research report released to the investors. Earlier the firm had a rating of Mkt Perform on the company shares. The shares recommendation by the Brokerage Firm was released on Dec-30-2015.

The company shares have dropped 4.82% in the past 52 Weeks. On July 21, 2015 The shares registered one year high of $42.25 and one year low was seen on May 5, 2015 at $35.65. The 50-day moving average is $39.66 and the 200 day moving average is recorded at $39.37. S&P 500 has rallied 1.33% during the last 52-weeks.

Shares of Washington Trust Bancorp, Inc. (NASDAQ:WASH) appreciated by 1.59% during the past week but lost 6.68% on a 4-week basis. The shares are however, negative as compared to the S&P 500 for the past week with a loss of 1.14%. Washington Trust Bancorp, Inc. (NASDAQ:WASH) has underperformed the index by 5.36% in the last 4 weeks. Investors should watch out for further signals and trade with caution.

Washington Trust Bancorp, Inc. (NASDAQ:WASH) witnessed a volatile trading activity on Thursday and eventually ended flat at 0% or 0 points without letting the bulls or bears take much advantage. The trading began at $38.2 and reached the intraday high at $38.62. The bulls started the profit booking and pushed the shares to intraday low of $37.95. The trading session was marked by a volume range of 9,905 shares exchanging hands. The 52-week high of the shares is $42.25 and the 52-week low is $35.65. The market cap of the company stands at $651 million and there are 17,001,557 shares in public circulation.

On a different note, The Company has disclosed insider buying and selling activities to the Securities Exchange, The Securities and Exchange Commission has divulged that Devault David V, officer (Vice Chair, Secretary and CFO) of Washington Trust Bancorp Inc, had unloaded 3,640 shares at an average price of $41.1 in a transaction dated on November 30, 2015. The total value of the transaction was worth $149,604.

Washington Trust Bancorp, Inc. (the Bancorp) is a bank holding company and financial holding company. Through its subsidiaries, the Bancorp offers a range of financial services, including commercial, residential and consumer lending, retail and commercial deposit products, and wealth management, through its offices in Rhode Island, eastern Massachusetts and Connecticut; automated teller machines; and its Internet website (www.washtrust.com). The Company operates in two segments: Commercial Banking and Wealth Management Services. Commercial Banking operations include providing loans for commercial real estate and other commercial loans (commercial and industrial). Through the Wealth Management Services segment, the Bancorp provides a range of wealth management services to personal and institutional clients and mutual funds.