Washington Trust Bancorp, Inc. (NASDAQ:WASH) Stock Holdings Raised by Charles Schwab Investment Management Inc.

Charles Schwab Investment Management Inc. lifted its holdings in shares of Washington Trust Bancorp, Inc. (NASDAQ:WASHFree Report) by 7.5% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 235,586 shares of the financial services provider’s stock after buying an additional 16,378 shares during the period. Charles Schwab Investment Management Inc. owned 1.38% of Washington Trust Bancorp worth $7,628,000 at the end of the most recent reporting period.

Other institutional investors have also modified their holdings of the company. Crestwood Advisors Group LLC bought a new stake in shares of Washington Trust Bancorp during the 3rd quarter valued at about $2,512,000. PNC Financial Services Group Inc. grew its position in shares of Washington Trust Bancorp by 3.6% during the 3rd quarter. PNC Financial Services Group Inc. now owns 20,575 shares of the financial services provider’s stock valued at $542,000 after buying an additional 715 shares during the last quarter. American Century Companies Inc. grew its position in shares of Washington Trust Bancorp by 13.2% during the 3rd quarter. American Century Companies Inc. now owns 169,477 shares of the financial services provider’s stock valued at $4,462,000 after buying an additional 19,730 shares during the last quarter. Kestra Private Wealth Services LLC grew its position in shares of Washington Trust Bancorp by 5.3% during the 4th 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. Finally, State of New Jersey Common Pension Fund D grew its position in shares of 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 buying an additional 9,084 shares during the last quarter. Institutional investors own 65.81% of the company’s stock.

Washington Trust Bancorp Trading Up 0.8 %

Washington Trust Bancorp stock opened at $26.25 on Friday. The firm has a 50-day moving average price of $26.12 and a two-hundred day moving average price of $27.54. The firm has a market capitalization of $447.67 million, a price-to-earnings ratio of 9.69 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. The company has a quick ratio of 1.07, a current ratio of 1.08 and a debt-to-equity ratio of 2.70.

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

Washington Trust Bancorp Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, April 12th. Stockholders of record on Monday, April 1st were paid a $0.56 dividend. This represents a $2.24 dividend on an annualized basis and a dividend yield of 8.53%. The ex-dividend date was Thursday, March 28th. Washington Trust Bancorp’s dividend payout ratio is currently 82.66%.

Analyst Upgrades and Downgrades

Separately, StockNews.com raised shares of Washington Trust Bancorp from a “sell” rating to a “hold” rating in a research note on Friday.

Get Our Latest Research Report on Washington Trust Bancorp

Washington Trust Bancorp Company 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.

Featured Articles

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

Receive News & Ratings for Washington Trust Bancorp Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Washington Trust Bancorp and related companies with MarketBeat.com's FREE daily email newsletter.