The CEO and CFO buying after a 13% EPS miss is a bullish insider signal that partially offsets the bearish earnings report. Monitor for additional insider purchases or a Q2 pre-announcement. If the stock holds above $30, the buying floor may be established; a break below $29 would invalidate the signal.
Price Chart
Executive Summary
Three insiders at Washington Trust Bancorp, including the CEO and CFO, made open-market purchases totaling ~$772K over the past week, representing about 0.13% of the company's $591M market cap. This buying cluster follows a significant Q1 2026 earnings miss (EPS of $0.66 vs. consensus $0.76) and a $4M provision for credit losses, suggesting insiders may view the post-earnings selloff as an attractive entry point rather than a signal of further deterioration.
Key Financial Metrics
Key Facts
- CEO Handy purchased 3,195 shares for $100K at $31.32 on 2026-04-27
- CFO Ohsberg purchased 1,606 shares for $50K at $31.00 on 2026-04-24
- Director DiMuccio received 1,260 shares via grant (non-cash) on 2026-04-28
- EVP Lora surrendered 735 shares for tax withholding ($22.6K) on 2026-04-24
- Total open-market purchases: ~$150K from CEO and CFO; a third insider (Brown) bought $622K on 2026-04-23
- Cluster value of ~$772K is 0.13% of market cap — modest but notable for a small-cap bank
- Q1 2026 EPS of $0.66 missed consensus by 13.2% and dropped 20.5% sequentially
Financial Impact
Total insider purchases of ~$772K (0.13% of market cap) — not large enough to move the stock alone, but significant as a signal from top executives after a sharp earnings miss.
Risk Factors
- Q1 earnings miss driven by credit provision suggests asset quality deterioration may continue
- Loan balances declined 2% — organic growth headwinds persist
- Insider buying at 0.13% of market cap is modest; not a definitive floor
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 1 SEC document filed with EDGAR.
| Document | Accession Number |
|---|---|
| CLUSTER Data (Synthetic) | cluster-WASH-1777581528955 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Oct 26, 2026 today | 144 | $39.62 | awaiting T+1 | — | $39.17 (−1.12%) |
Oct 19, 2026 7d ago | 8-K | $38.11 $38.47 | ▲ +0.94% | ▲ +0.42% | $39.17 (+2.78%) |
Sep 17, 2026 5w ago | Press Release | $38.82 $38.73 | ▼ −0.23% | ▼ −0.36% | $39.17 (+0.90%) |
Aug 7, 2026 11w ago | S-3 | $38.85 $38.52 | ▼ −0.85% | ▼ −0.82% | $39.17 (+0.82%) |
May 12, 2026 23w ago | 8-K | $31.66 $31.37 | ▼ −0.92% | ▼ −1.49% | $39.17 (+23.72%) |
Apr 23, 2026 26w ago | Insider Cluster | $31.23 $31.76 | ▲ +1.70% | ▲ +0.90% | $39.17 (+25.42%) |
Apr 23, 2026 26w ago | Insider Cluster | $31.44 $30.81 | ▼ −2.00% | ▼ −2.79% | $39.17 (+24.59%) |
Apr 23, 2026 26w ago | Insider Cluster | $31.44 $30.81 | ▼ −2.00% | ▼ −2.79% | $39.17 (+24.59%) |
Apr 23, 2026 26w ago | Insider Cluster | $31.44 $30.81 | ▼ −2.00% | ▼ −2.79% | $39.17 (+24.59%) |
Apr 23, 2026 26w ago | Insider Cluster | $31.44 $30.81 | ▼ −2.00% | ▼ −2.79% | $39.17 (+24.59%) |
US Market Status
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