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Ronald S. Ohsberg, SEVP, CFO and Treasurer at Washington Trust Bancorp Inc (NASDAQ:WASH), acquired 3,700 shares of common stock on August 5, 2025, at a price of $26.95, in one transaction. The bank, which offers an attractive 8.32% dividend yield and has maintained dividend payments for 42 consecutive years, currently trades near InvestingPro’s Fair Value estimate.
The total value of the purchase amounted to $99,715. Following the transaction, Ohsberg directly owns 22,912.118 shares of Washington Trust Bancorp, according to a Form 4 filing with the Securities and Exchange Commission. While the company faces near-term profitability challenges, InvestingPro analysis shows analysts expect positive earnings this year, with 3 analysts recently revising their forecasts upward. Discover 5 more exclusive InvestingPro Tips and comprehensive analysis in the Pro Research Report.
In other recent news, Washington Trust Bancorp, Inc. reported a strong performance for the second quarter of 2025, exceeding earnings expectations. The company achieved an earnings per share (EPS) of $0.68, surpassing the forecasted $0.63, resulting in a 7.94% surprise. Revenue also slightly exceeded predictions, reaching $54.3 million compared to the anticipated $54.07 million. Despite these positive financial results, the stock showed minimal movement. These developments highlight Washington Trust’s ability to outperform analyst projections.
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