2023-04-28 14:23:03 ET
Washington Trust Bancorp (NASDAQ: WASH) saw its stock price drop 13.2% this week as of 12:15 p.m. ET on Friday, according to S&P Global Market Intelligence . The stock was trading at about $28.44 per share on Friday, down about 40% year to date (YTD).
The overall markets were up slightly this week, as the S&P 500 gained 0.7%, the Dow Jones Industrial Average was up 0.7%, and the Nasdaq Composite climbed 0.9% this week, as of Friday at 12:15 p.m. ET.
Washington Trust Bancorp is a Rhode Island-based bank with about $6.9 billion in assets. The bank released first-quarter earnings on Monday, April 24, and earnings and revenue fell short of analysts' expectations.
For further details see:
Why Washington Trust Stock Fell 13% This Week