Quadrature Capital Ltd Takes $521,000 Position in Washington Trust Bancorp, Inc. (NASDAQ:WASH)

Quadrature Capital Ltd purchased a new stake in Washington Trust Bancorp, Inc. (NASDAQ:WASH – Get Rating) in the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund purchased 11,201 shares of the financial services provider’s stock, valued at approximately $521,000. Quadrature Capital Ltd owned about 0.07% of Washington Trust Bancorp as of its most recent SEC filing.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Envestnet Asset Management Inc. lifted its position in shares of Washington Trust Bancorp by 5.1% during the first quarter. Envestnet Asset Management Inc. now owns 7,162 shares of the financial services provider’s stock worth $376,000 after purchasing an additional 346 shares in the last quarter. MetLife Investment Management LLC raised its position in Washington Trust Bancorp by 58.1% in the 1st quarter. MetLife Investment Management LLC now owns 8,760 shares of the financial services provider’s stock worth $460,000 after purchasing an additional 3,218 shares during the last quarter. Great West Life Assurance Co. Can lifted its holdings in Washington Trust Bancorp by 27.2% during the 1st quarter. Great West Life Assurance Co. Can now owns 1,530 shares of the financial services provider’s stock worth $84,000 after buying an additional 327 shares in the last quarter. Dimensional Fund Advisors LP boosted its position in Washington Trust Bancorp by 2.6% in the 1st quarter. Dimensional Fund Advisors LP now owns 705,739 shares of the financial services provider’s stock valued at $37,052,000 after buying an additional 17,613 shares during the last quarter. Finally, Vanguard Group Inc. increased its stake in shares of Washington Trust Bancorp by 4.0% in the 1st quarter. Vanguard Group Inc. now owns 958,238 shares of the financial services provider’s stock valued at $50,306,000 after buying an additional 37,258 shares during the period. Institutional investors and hedge funds own 71.23% of the company’s stock.

Insider Buying and Selling at Washington Trust Bancorp

In related news, Director Constance A. Howes purchased 1,250 shares of Washington Trust Bancorp stock in a transaction dated Wednesday, February 8th. The shares were acquired at an average cost of $44.01 per share, for a total transaction of $55,012.50. Following the transaction, the director now directly owns 3,320 shares of the company’s stock, valued at $146,113.20. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 1.42% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, StockNews.com cut Washington Trust Bancorp from a “hold” rating to a “sell” rating in a report on Wednesday, January 25th.

Washington Trust Bancorp Trading Down 3.9 %

WASH opened at $37.19 on Friday. The firm has a 50 day simple moving average of $44.44 and a 200 day simple moving average of $47.24. Washington Trust Bancorp, Inc. has a fifty-two week low of $36.36 and a fifty-two week high of $55.93. The company has a market cap of $638.18 million, a price-to-earnings ratio of 9.05 and a beta of 0.73. The company has a debt-to-equity ratio of 2.21, a current ratio of 1.04 and a quick ratio of 1.03.

Washington Trust Bancorp Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, January 6th. Shareholders of record on Tuesday, January 3rd were issued a dividend of $0.56 per share. This represents a $2.24 dividend on an annualized basis and a yield of 6.02%. The ex-dividend date of this dividend was Friday, December 30th. This is a positive change from Washington Trust Bancorp’s previous quarterly dividend of $0.54. Washington Trust Bancorp’s payout ratio is currently 54.50%.

About Washington Trust Bancorp

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Washington Trust Bancorp, Inc operates as a bank holding company. The firm engages in the provision of financial services, including business banking, personal banking and wealth management and trust services. It operates through the following segments: Commercial Banking and Wealth Management Services.