SG Americas Securities LLC Purchases Shares of 5,531 Washington Trust Bancorp, Inc. (NASDAQ:WASH)

SG Americas Securities LLC purchased a new stake in Washington Trust Bancorp, Inc. (NASDAQ:WASH) in the 4th quarter, HoldingsChannel reports. The fund purchased 5,531 shares of the financial services provider’s stock, valued at approximately $179,000.

Several other hedge funds and other institutional investors have also recently bought and sold shares of WASH. Captrust Financial Advisors grew its holdings in shares of Washington Trust Bancorp by 16,450.0% during the second quarter. Captrust Financial Advisors now owns 662 shares of the financial services provider’s stock valued at $32,000 after buying an additional 658 shares during the last quarter. Tower Research Capital LLC TRC grew its holdings in shares of Washington Trust Bancorp by 641.3% during the first quarter. Tower Research Capital LLC TRC now owns 1,112 shares of the financial services provider’s stock valued at $39,000 after buying an additional 962 shares during the last quarter. Great West Life Assurance Co. Can grew its holdings in shares of Washington Trust Bancorp by 27.2% during the first quarter. Great West Life Assurance Co. Can now owns 1,530 shares of the financial services provider’s stock valued at $84,000 after buying an additional 327 shares during the last quarter. Citigroup Inc. grew its holdings in shares of Washington Trust Bancorp by 31.6% during the first quarter. Citigroup Inc. now owns 1,953 shares of the financial services provider’s stock valued at $68,000 after buying an additional 469 shares during the last quarter. Finally, Barrett & Company Inc. grew its holdings in shares of Washington Trust Bancorp by 37.7% during the third quarter. Barrett & Company Inc. now owns 4,010 shares of the financial services provider’s stock valued at $106,000 after buying an additional 1,097 shares during the last quarter. 65.81% of the stock is owned by institutional investors.

Washington Trust Bancorp Stock Up 0.8 %

Washington Trust Bancorp stock opened at $24.92 on Monday. Washington Trust Bancorp, Inc. has a fifty-two week low of $21.69 and a fifty-two week high of $33.96. The stock has a market cap of $424.46 million, a PE ratio of 8.87 and a beta of 0.81. The firm’s 50-day simple moving average is $25.96 and its 200 day simple moving average is $27.27. The company has a debt-to-equity ratio of 2.57, a quick ratio of 1.07 and a current ratio of 1.07.

Washington Trust Bancorp (NASDAQ:WASH) last released its quarterly earnings results on Wednesday, January 24th. The financial services provider reported $0.76 earnings per share for the quarter, topping the consensus estimate of $0.54 by $0.22. Washington Trust Bancorp had a net margin of 13.19% and a return on equity of 10.53%. The business had revenue of $45.96 million for the quarter, compared to analysts’ expectations of $47.38 million. Research analysts predict that Washington Trust Bancorp, Inc. will post 1.87 EPS for the current fiscal year.

Washington Trust Bancorp Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, April 12th. Investors of record on Monday, April 1st were issued a dividend of $0.56 per share. This represents a $2.24 annualized dividend and a yield of 8.99%. The ex-dividend date was Thursday, March 28th. Washington Trust Bancorp’s dividend payout ratio (DPR) is presently 79.72%.

Analyst Ratings Changes

Separately, Seaport Res Ptn cut shares of Washington Trust Bancorp from a “buy” rating to a “neutral” rating in a report on Wednesday, January 31st.

Washington Trust Bancorp Company Profile

Washington Trust Bancorp, Inc operates as the bank holding company for The Washington Trust Company, of Westerly that provides various banking and financial services to individuals and businesses. The company operates in two segments, Commercial Banking and Wealth Management Services. The Commercial Banking segment offers deposit accounts, including interest-bearing and noninterest-bearing demand deposits, NOW and savings accounts, money market and retirement deposit accounts, and time deposits; various commercial and retail lending products, such as commercial real estate loans, including commercial mortgages, and construction and development loans; commercial and industrial loans comprising working capital, equipment financing, and financing for other business-related purposes; residential real estate loans that consist of mortgage and homeowner construction loans; and consumer loans comprising home equity loans and lines of credit, personal installment loans, and loans to individuals secured by general aviation aircraft.