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Why Washington Trust Bancorp Stock Was a Winner Today

Investors clearly expressed their trust in Washington Trust Bancorp (NASDAQ:WASH) on the second trading day of the week. That wasn't hard to do, as the regional bank published quarterly results that beat analyst estimates, especially on the bottom line. Such a performance was rewarded by a more than 4% gain for Washington Trust's stock on Tuesday. After market close Monday, Washington Trust took the wraps off its third-quarter figures. All told, its revenue was a shade under $65 million for the period, up 15% year over year. Net income under generally accepted accounting principles (GAAP) nearly doubled, to $19. 4 million from $10. 8 million in the year-ago period.

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