Washington Trust Bancorp, Inc. (WASH) Forms $52.45 Double Top; Piermont Capital Management Boosted By $766,150 Its Bankunited (BKU) Stake

Piermont Capital Management Llc increased Bankunited Inc. (BKU) stake by 48.72% reported in 2017Q3 SEC filing. Piermont Capital Management Llc acquired 21,890 shares as Bankunited Inc. (BKU)’s stock declined 15.67%. The Piermont Capital Management Llc holds 66,822 shares with $2.38M value, up from 44,932 last quarter. Bankunited Inc. now has $4.31B valuation. The stock increased 0.32% or $0.13 during the last trading session, reaching $40.29. About 74,104 shares traded. BankUnited, Inc. (NYSE:BKU) has risen 1.12% since February 8, 2017 and is uptrending. It has underperformed by 15.58% the S&P500.

Washington Trust Bancorp, Inc. (WASH) formed double top with $54.55 target or 4.00% above today’s $52.45 share price. Washington Trust Bancorp, Inc. (WASH) has $903.56M valuation. The stock decreased 0.57% or $0.3 during the last trading session, reaching $52.45. About 1,124 shares traded. Washington Trust Bancorp, Inc. (NASDAQ:WASH) has risen 30.56% since February 8, 2017 and is uptrending. It has outperformed by 13.86% the S&P500.

Since September 11, 2017, it had 0 buys, and 3 selling transactions for $172,976 activity. Another trade for 129 shares valued at $6,579 was sold by Noons Mary E.. HOXSIE KATHERINE W also sold $112,625 worth of Washington Trust Bancorp, Inc. (NASDAQ:WASH) on Thursday, October 26. ALGIERE DENNIS L sold 950 shares worth $53,772.

Investors sentiment increased to 1.31 in 2017 Q3. Its up 0.15, from 1.16 in 2017Q2. It improved, as 7 investors sold Washington Trust Bancorp, Inc. shares while 28 reduced holdings. 15 funds opened positions while 31 raised stakes. 9.43 million shares or 0.20% less from 9.45 million shares in 2017Q2 were reported. Affinity Ltd Liability Corp accumulated 4,285 shares or 0.03% of the stock. Us Natl Bank De holds 0% or 25 shares. Tower Research Capital Lc (Trc) owns 1,370 shares for 0.01% of their portfolio. Brown Brothers Harriman invested 0% in Washington Trust Bancorp, Inc. (NASDAQ:WASH). Cwm Limited Liability Company stated it has 0.01% in Washington Trust Bancorp, Inc. (NASDAQ:WASH). Reilly Advsr Ltd Llc holds 37 shares or 0% of its portfolio. Moreover, Northwestern Mutual Wealth Management has 0% invested in Washington Trust Bancorp, Inc. (NASDAQ:WASH) for 34 shares. Boston Private Wealth Limited Liability Corp owns 3,920 shares. Webster Retail Bank N A reported 1,400 shares stake. Moreover, Los Angeles Capital Mgmt Equity Incorporated has 0.01% invested in Washington Trust Bancorp, Inc. (NASDAQ:WASH). Fiduciary Tru Com invested in 0.03% or 17,055 shares. Ny State Common Retirement Fund accumulated 25,460 shares. Moreover, Foundry Llc has 0.19% invested in Washington Trust Bancorp, Inc. (NASDAQ:WASH). Principal Fin Grp Inc, a Iowa-based fund reported 1.11 million shares. Systematic Fincl Mngmt Lp has invested 0.18% in Washington Trust Bancorp, Inc. (NASDAQ:WASH).

Among 4 analysts covering Washington Trust Bancorp (NASDAQ:WASH), 1 have Buy rating, 0 Sell and 3 Hold. Therefore 25% are positive. Washington Trust Bancorp has $59.0 highest and $39.0 lowest target. $45.20’s average target is -13.82% below currents $52.45 stock price. Washington Trust Bancorp had 16 analyst reports since July 22, 2015 according to SRatingsIntel. Compass Point upgraded the shares of WASH in report on Tuesday, October 25 to “Buy” rating. The rating was maintained by Keefe Bruyette & Woods with “Hold” on Tuesday, September 26. Keefe Bruyette & Woods upgraded Washington Trust Bancorp, Inc. (NASDAQ:WASH) on Wednesday, December 30 to “Outperform” rating. The firm earned “Hold” rating on Tuesday, October 24 by Compass Point. The rating was upgraded by Compass Point on Thursday, January 26 to “Buy”. Compass Point downgraded the shares of WASH in report on Tuesday, September 20 to “Neutral” rating. Compass Point maintained the shares of WASH in report on Tuesday, October 20 with “Neutral” rating. The firm earned “Hold” rating on Thursday, December 21 by Keefe Bruyette & Woods. The firm has “Hold” rating given on Friday, May 26 by Keefe Bruyette & Woods. Compass Point upgraded the stock to “Buy” rating in Monday, December 18 report.

Since August 23, 2017, it had 0 insider buys, and 2 sales for $4.28 million activity. $1.68M worth of stock was sold by PAULS DOUGLAS J on Thursday, January 25. KANAS JOHN ADAM sold 78,190 shares worth $2.59M.

Investors sentiment decreased to 1.05 in 2017 Q3. Its down 0.11, from 1.16 in 2017Q2. It turned negative, as 20 investors sold BKU shares while 82 reduced holdings. 29 funds opened positions while 78 raised stakes. 97.63 million shares or 3.06% less from 100.71 million shares in 2017Q2 were reported. Sit holds 12,675 shares. Prudential Fincl Inc holds 176,960 shares or 0.01% of its portfolio. Bbva Compass National Bank holds 15,527 shares. Moreover, Reilly Financial Lc has 0% invested in BankUnited, Inc. (NYSE:BKU) for 150 shares. The New York-based Millennium Management Ltd has invested 0.25% in BankUnited, Inc. (NYSE:BKU). Manning And Napier Advisors Ltd Liability stated it has 0.01% of its portfolio in BankUnited, Inc. (NYSE:BKU). Federated Investors Pa reported 0% of its portfolio in BankUnited, Inc. (NYSE:BKU). Piermont Mngmt reported 66,822 shares. Cornercap Investment Counsel invested 0.11% of its portfolio in BankUnited, Inc. (NYSE:BKU). Jennison Ltd Liability Corporation stated it has 0.09% in BankUnited, Inc. (NYSE:BKU). Moreover, Nationwide Fund Advsr has 0.02% invested in BankUnited, Inc. (NYSE:BKU). Hutchin Hill Cap LP reported 0.02% stake. Commercial Bank Of New York Mellon Corporation holds 0.01% or 565,625 shares. The New York-based Teton Advsrs has invested 0.08% in BankUnited, Inc. (NYSE:BKU). Voya Management Limited Liability reported 29,184 shares stake.

Piermont Capital Management Llc decreased Unifirst Corporation (NYSE:UNF) stake by 6,020 shares to 6,800 valued at $1.03M in 2017Q3. It also reduced Alaska Air Group Inc. (NYSE:ALK) stake by 3,990 shares and now owns 5,490 shares. Rambus Inc. (NASDAQ:RMBS) was reduced too.

Among 18 analysts covering BankUnited (NYSE:BKU), 7 have Buy rating, 3 Sell and 8 Hold. Therefore 39% are positive. BankUnited had 54 analyst reports since July 29, 2015 according to SRatingsIntel. The company was maintained on Wednesday, November 8 by Deutsche Bank. JP Morgan downgraded the stock to “Underweight” rating in Wednesday, November 1 report. Keefe Bruyette & Woods downgraded it to “Hold” rating and $46.0 target in Wednesday, January 24 report. Bank of America upgraded the stock to “Buy” rating in Friday, September 11 report. Keefe Bruyette & Woods upgraded the stock to “Outperform” rating in Wednesday, April 26 report. Wood downgraded BankUnited, Inc. (NYSE:BKU) on Wednesday, January 24 to “Market Perform” rating. The stock of BankUnited, Inc. (NYSE:BKU) earned “Market Perform” rating by Keefe Bruyette & Woods on Thursday, October 22. The firm has “Market Perform” rating given on Friday, May 6 by BMO Capital Markets. BMO Capital Markets maintained the stock with “Hold” rating in Tuesday, October 3 report. On Wednesday, April 26 the stock rating was downgraded by JP Morgan to “Neutral”.

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