The insider buying cluster, especially the $622K purchase by EVP Brown, suggests management sees value at current levels despite the earnings miss. However, the 0.13% of market cap is modest — not a strong conviction signal. Monitor Q2 2026 for credit quality trends and loan growth to confirm whether the insider buying was well-timed.
Price Chart
Executive Summary
Three insiders at Washington Trust Bancorp, including the CEO and CFO, made open-market purchases totaling $772K following a Q1 earnings miss where EPS of $0.66 missed consensus by 13.2%. The purchases represent 0.13% of market cap, a modest but notable signal of insider confidence after a 20.5% sequential EPS decline driven by a $4M credit loss provision.
Key Financial Metrics
Key Facts
- CEO Handy purchased $100K worth of shares on 4/27 at $31.32
- CFO Ohsberg purchased $50K worth of shares on 4/24 at $31.00
- EVP Brown purchased $622K worth of shares on 4/23 at $30.97
- Total open-market purchases: $772K, or 0.13% of $591M market cap
- Q1 2026 EPS of $0.66 missed consensus of $0.76 by 13.2% and fell 20.5% QoQ
- Two directors received non-cash stock grants of 1,260 shares each on 4/28
- One EVP surrendered 735 shares for tax withholding on 4/24
Financial Impact
Insider purchases of $772K represent 0.13% of market cap, a modest signal that partially offsets the negative Q1 earnings miss of $0.66 vs $0.76 consensus
Risk Factors
- Q1 earnings miss of 13.2% driven by $4M credit loss provision signals deteriorating asset quality
- Loan balances declined 2% QoQ, indicating potential headwinds to revenue growth
- Insider buying at only 0.13% of market cap is not a strong enough signal to override the bearish earnings read
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-1777581728393 |
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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