The insider buying cluster, especially the $622K purchase by the commercial banking chief, partially offsets the bearish Q1 earnings signal. However, the buying is modest relative to market cap and follows a 20.5% EPS decline. Watch for Q2 loan growth and credit quality trends to validate whether this buying was opportunistic or informed.
Price Chart
Executive Summary
Washington Trust Bancorp's CEO, CFO, and a senior executive collectively purchased $772K in open-market shares following a Q1 earnings miss that sent the stock down. The insider buying represents 0.13% of market cap, a modest but notable signal of confidence after a 20.5% sequential EPS decline.
Key Financial Metrics
Key Facts
- CEO Edward O. Handy III purchased $100K worth of shares on April 27 at $31.32
- CFO Ronald S. Ohsberg purchased $50K worth of shares on April 24 at $31.00
- SEVP James Cannon Brown purchased $622K worth of shares on April 23 at $30.97
- Total insider open-market buying: $772K, representing 0.13% of market cap
- Q1 2026 EPS of $0.66 missed consensus of $0.76 by 13.2% and fell 20.5% from prior quarter
- Q1 results included a $4M provision for credit losses and 2% decline in loan balances
- 10 directors received non-cash stock grants of 1,260 shares each on April 28
Financial Impact
Insider buying of $772K (0.13% of market cap) following a Q1 earnings miss of $0.10 per share vs consensus
Risk Factors
- Q1 earnings miss of 13.2% vs consensus with declining loan balances and rising provisions
- Insider buying at only 0.13% of market cap may not be sufficient to signal a turnaround
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-1777582309640 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Oct 26, 2026 1d ago | 144 | $39.17 | awaiting T+5 | — | $39.12 (−0.13%) |
Oct 19, 2026 8d ago | 8-K | $38.11 $39.12 | ▲ +2.65% | ▲ +2.57% | $39.12 (+2.65%) |
Sep 17, 2026 5w ago | Press Release | $38.82 $38.15 | ▼ −1.73% | ▼ −2.58% | $39.12 (+0.77%) |
Aug 7, 2026 11w ago | S-3 | $38.85 $40.19 | ▲ +3.45% | ▲ +3.05% | $39.12 (+0.69%) |
May 12, 2026 24w ago | 8-K | $31.66 $31.56 | ▼ −0.32% | ▼ −0.39% | $39.12 (+23.56%) |
Apr 23, 2026 26w ago | Insider Cluster | $31.23 $31.61 | ▲ +1.22% | ▼ −1.72% | $39.12 (+25.26%) |
Apr 23, 2026 26w ago | Insider Cluster | $31.44 $31.43 | ▼ −0.03% | ▼ −1.51% | $39.12 (+24.43%) |
Apr 23, 2026 26w ago | Insider Cluster | $31.44 $31.43 | ▼ −0.03% | ▼ −1.51% | $39.12 (+24.43%) |
Apr 23, 2026 26w ago | Insider Cluster | $31.44 $31.43 | ▼ −0.03% | ▼ −1.51% | $39.12 (+24.43%) |
Apr 23, 2026 26w ago | Insider Cluster | $31.44 $31.43 | ▼ −0.03% | ▼ −1.51% | $39.12 (+24.43%) |
US Market Status
Subscribe to SecBot
Get Real-Time SEC Filing Intelligence
Comprehensive SEC filing analysis delivered the moment filings hit EDGAR. Sentiment scoring, impact analysis, and actionable insights for every material event.
Create a free account Live analysis, Telegram alerts, watchlists and the MCP server for subscribers