Washington Trust Bancorp jumps after Q3 profit beat

By Reuters News

** Washington Trust Bancorp WASH.O shares jump 5.5% to $38.60

** The community lender late Monday reported quarterly profit above Street estimates

** Piper Sandler says it was a good-looking quarter out of WASH, cites continued margin expansion, solid loan and deposit growth and improved credit following the resolution of its large office nonaccrual

** "A solid print from WASH, which we think will be well-received by the market" - brokerage KBW

** All four brokerages covering the stock rate "hold;" median PT $36 - data compiled by LSEG

** WASH stock up 30% YTD

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