Monitor near-term price action around $31 level. The CEO and CFO purchases add credibility, but the earnings miss and modest dollar amount suggest limited upside catalyst. Watch for additional insider buying or further company disclosures.
Price Chart
Executive Summary
Insider cluster at Washington Trust Bancorp shows open-market purchases totaling $772K (0.13% of market cap) by the CEO, CFO, and another senior executive within 10 days of a bearish Q1 earnings miss. The buying suggests insider confidence despite the results, but the scale is modest and the earnings miss limits bullish conviction.
Key Financial Metrics
Key Facts
- CEO Edward Handy III bought 3,195 shares at $31.32 for $100K on 2026-04-27.
- CFO Ronald Ohsberg bought 1,606 shares at $31.00 for $50K on 2026-04-24.
- SEVP James Cannon Brown bought 20,100 shares at $30.97 for $622K on 2026-04-23.
- Seven directors received non-cash stock awards of 1,260 shares each ($0 value) on 2026-04-28.
- Total open-market purchases of $772K represent 0.13% of market cap ($591M).
- Cluster follows Q1 2026 earnings miss ($0.66 vs $0.76 consensus) reported on 2026-04-20.
Financial Impact
Insider purchases of $772K (0.13% of market cap) signal modest confidence.
Risk Factors
- Earnings miss may persist; Q1 provision for credit losses and declining loan balances.
- Insider buying could be a one-off event rather than sustained accumulation.
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-1777581929805 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Oct 26, 2026 1d ago | 144 | $39.62 | awaiting T+1 | — | $39.10 (−1.31%) |
Oct 19, 2026 7d ago | 8-K | $38.11 $38.47 | ▲ +0.94% | ▲ +0.42% | $39.10 (+2.58%) |
Sep 17, 2026 5w ago | Press Release | $38.82 $38.73 | ▼ −0.23% | ▼ −0.36% | $39.10 (+0.71%) |
Aug 7, 2026 11w ago | S-3 | $38.85 $38.52 | ▼ −0.85% | ▼ −0.82% | $39.10 (+0.63%) |
May 12, 2026 23w ago | 8-K | $31.66 $31.37 | ▼ −0.92% | ▼ −1.49% | $39.10 (+23.48%) |
Apr 23, 2026 26w ago | Insider Cluster | $31.23 $31.76 | ▲ +1.70% | ▲ +0.90% | $39.10 (+25.18%) |
Apr 23, 2026 26w ago | Insider Cluster | $31.44 $30.81 | ▼ −2.00% | ▼ −2.79% | $39.10 (+24.35%) |
Apr 23, 2026 26w ago | Insider Cluster | $31.44 $30.81 | ▼ −2.00% | ▼ −2.79% | $39.10 (+24.35%) |
Apr 23, 2026 26w ago | Insider Cluster | $31.44 $30.81 | ▼ −2.00% | ▼ −2.79% | $39.10 (+24.35%) |
Apr 23, 2026 26w ago | Insider Cluster | $31.44 $30.81 | ▼ −2.00% | ▼ −2.79% | $39.10 (+24.35%) |
US Market Status
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