Swiss National Bank Sells 3,500 Shares of Washington Trust Bancorp, Inc. (NASDAQ:WASH)

Swiss National Bank trimmed its position in shares of Washington Trust Bancorp, Inc. (NASDAQ:WASHFree Report) by 9.4% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 33,600 shares of the financial services provider’s stock after selling 3,500 shares during the quarter. Swiss National Bank owned approximately 0.20% of Washington Trust Bancorp worth $1,088,000 at the end of the most recent quarter.

Several other large investors have also bought and sold shares of WASH. PNC Financial Services Group Inc. boosted its position in shares of Washington Trust Bancorp by 3.6% in the 3rd quarter. PNC Financial Services Group Inc. now owns 20,575 shares of the financial services provider’s stock worth $542,000 after purchasing an additional 715 shares in the last quarter. Kestra Private Wealth Services LLC boosted its position in shares of Washington Trust Bancorp by 5.3% during the fourth quarter. Kestra Private Wealth Services LLC now owns 29,451 shares of the financial services provider’s stock valued at $954,000 after buying an additional 1,477 shares during the last quarter. FMR LLC increased its holdings in Washington Trust Bancorp by 0.4% in the 3rd quarter. FMR LLC now owns 1,314,538 shares of the financial services provider’s stock worth $34,612,000 after buying an additional 4,731 shares in the last quarter. SG Americas Securities LLC purchased a new position in Washington Trust Bancorp in the 4th quarter worth about $179,000. Finally, State of New Jersey Common Pension Fund D lifted its stake in Washington Trust Bancorp by 10.5% during the 4th quarter. State of New Jersey Common Pension Fund D now owns 95,479 shares of the financial services provider’s stock valued at $3,092,000 after acquiring an additional 9,084 shares during the period. 65.81% of the stock is owned by institutional investors.

Washington Trust Bancorp Stock Performance

Shares of NASDAQ WASH opened at $25.50 on Thursday. The firm’s 50-day moving average price is $26.12 and its 200-day moving average price is $27.53. The company has a quick ratio of 1.07, a current ratio of 1.08 and a debt-to-equity ratio of 2.70. The company has a market cap of $434.78 million, a PE ratio of 9.41 and a beta of 0.80. Washington Trust Bancorp, Inc. has a 52-week low of $21.69 and a 52-week high of $33.96.

Washington Trust Bancorp (NASDAQ:WASHGet Free Report) last posted its quarterly earnings data on Monday, April 22nd. The financial services provider reported $0.64 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.43 by $0.21. The company had revenue of $48.83 million for the quarter, compared to the consensus estimate of $45.24 million. Washington Trust Bancorp had a net margin of 12.01% and a return on equity of 10.11%. As a group, analysts anticipate that Washington Trust Bancorp, Inc. will post 2.09 EPS for the current year.

Washington Trust Bancorp Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, April 12th. Investors of record on Monday, April 1st were issued a $0.56 dividend. This represents a $2.24 dividend on an annualized basis and a dividend yield of 8.78%. The ex-dividend date of this dividend was Thursday, March 28th. Washington Trust Bancorp’s payout ratio is 82.66%.

Analyst Ratings Changes

WASH has been the topic of a number of recent analyst reports. StockNews.com downgraded shares of Washington Trust Bancorp from a “hold” rating to a “sell” rating in a report on Friday, May 17th. Seaport Res Ptn downgraded shares of Washington Trust Bancorp from a “buy” rating to a “neutral” rating in a report on Wednesday, January 31st.

Read Our Latest Stock Report on WASH

Washington Trust Bancorp Profile

(Free Report)

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.

Further Reading

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Institutional Ownership by Quarter for Washington Trust Bancorp (NASDAQ:WASH)

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