Washington Trust Bancorp (NASDAQ:WASH) Reaches New 1-Year Low at $34.50

Shares of Washington Trust Bancorp, Inc. (NASDAQ:WASH – Get Rating) reached a new 52-week low during mid-day trading on Monday . The stock traded as low as $34.50 and last traded at $35.21, with a volume of 45317 shares. The stock had previously closed at $37.19.

Analyst Ratings Changes

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

Washington Trust Bancorp Trading Down 0.2 %

The company has a debt-to-equity ratio of 2.21, a quick ratio of 1.03 and a current ratio of 1.04. The business’s 50 day moving average price is $43.97 and its 200-day moving average price is $46.91. The firm has a market cap of $609.69 million, a price-to-earnings ratio of 8.64 and a beta of 0.73.

Washington Trust Bancorp Increases Dividend

The company 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 6.30%. The ex-dividend date was Friday, December 30th. This is an increase from Washington Trust Bancorp’s previous quarterly dividend of $0.54. Washington Trust Bancorp’s dividend payout ratio (DPR) is currently 54.50%.

Insider Transactions at Washington Trust Bancorp

In other news, Director Constance A. Howes purchased 1,250 shares of the company’s stock in a transaction that occurred on Wednesday, February 8th. The shares were acquired at an average cost of $44.01 per share, with a total value of $55,012.50. Following the transaction, the director now owns 3,320 shares in the company, valued at approximately $146,113.20. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Insiders own 1.42% of the company’s stock.

Institutional Trading of Washington Trust Bancorp

Institutional investors and hedge funds have recently modified their holdings of the business. Lazard Asset Management LLC bought a new stake in shares of Washington Trust Bancorp during the 3rd quarter valued at about $27,000. Captrust Financial Advisors raised its position in shares of Washington Trust Bancorp by 16,450.0% during the 2nd quarter. Captrust Financial Advisors now owns 662 shares of the financial services provider’s stock worth $32,000 after purchasing an additional 658 shares during the period. Rockefeller Capital Management L.P. lifted its holdings in shares of Washington Trust Bancorp by 2,596.3% in the 3rd quarter. Rockefeller Capital Management L.P. now owns 728 shares of the financial services provider’s stock worth $33,000 after purchasing an additional 701 shares during the last quarter. Quadrant Capital Group LLC boosted its position in Washington Trust Bancorp by 894.2% during the 3rd quarter. Quadrant Capital Group LLC now owns 1,372 shares of the financial services provider’s stock valued at $64,000 after purchasing an additional 1,234 shares during the period. Finally, Quantbot Technologies LP grew its stake in Washington Trust Bancorp by 1,837.0% during the 3rd quarter. Quantbot Technologies LP now owns 1,569 shares of the financial services provider’s stock worth $72,000 after buying an additional 1,488 shares during the last quarter. 71.23% of the stock is owned by institutional investors and hedge funds.

Washington Trust Bancorp Company Profile

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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.