Washington Trust Announces Closing of Upsized Stock Offering
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Washington Trust Bancorp, Inc. has closed its upsized public offering of 1,911,764 shares at $34.00 per share.
December 16, 2024 | 9:15 pm
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NEUTRAL IMPACT
Washington Trust Bancorp closed its upsized stock offering, selling 1,911,764 shares at $34.00 per share. This could impact the stock price due to increased supply and potential capital for growth.
The closing of the stock offering increases the number of shares available, which can lead to short-term price fluctuations. However, the capital raised could be used for growth, potentially offsetting any negative impact from the increased supply.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100