Aptus Capital Advisors LLC Has $2.46 Million Stake in Washington Trust Bancorp, Inc. (NASDAQ:WASH)

Aptus Capital Advisors LLC boosted its holdings in Washington Trust Bancorp, Inc. (NASDAQ:WASH) by 24.8% in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 89,804 shares of the financial services provider’s stock after purchasing an additional 17,850 shares during the quarter. Aptus Capital Advisors LLC owned 0.53% of Washington Trust Bancorp worth $2,462,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also bought and sold shares of the business. Kestra Private Wealth Services LLC raised its position in shares of Washington Trust Bancorp by 5.3% in 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 in the last quarter. Charles Schwab Investment Management Inc. grew its holdings in shares of Washington Trust Bancorp by 7.5% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 235,586 shares of the financial services provider’s stock valued at $7,628,000 after purchasing an additional 16,378 shares during the last quarter. Dimensional Fund Advisors LP grew its holdings in shares of Washington Trust Bancorp by 9.8% during the 4th quarter. Dimensional Fund Advisors LP now owns 774,705 shares of the financial services provider’s stock valued at $25,086,000 after purchasing an additional 68,930 shares during the last quarter. Apexium Financial LP bought a new stake in shares of Washington Trust Bancorp during the 4th quarter valued at approximately $810,000. Finally, Drexel Morgan & Co. grew its holdings in shares of Washington Trust Bancorp by 22.8% during the 4th quarter. Drexel Morgan & Co. now owns 167,123 shares of the financial services provider’s stock valued at $5,411,000 after purchasing an additional 31,000 shares during the last quarter. Institutional investors and hedge funds own 65.81% of the company’s stock.

Washington Trust Bancorp Trading Up 0.6 %

WASH opened at $32.80 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 company has a debt-to-equity ratio of 3.34, a current ratio of 1.15 and a quick ratio of 1.14. The firm has a market capitalization of $559.57 million, a price-to-earnings ratio of 12.10 and a beta of 0.79. The company’s 50 day moving average price is $29.48 and its two-hundred day moving average price is $27.22.

Washington Trust Bancorp (NASDAQ:WASH) last posted its earnings results on Monday, July 22nd. The financial services provider reported $0.63 earnings per share for the quarter, topping analysts’ consensus estimates of $0.49 by $0.14. Washington Trust Bancorp had a net margin of 11.51% and a return on equity of 9.95%. The firm had revenue of $102.66 million for the quarter, compared to analyst estimates of $46.06 million. During the same period in the previous year, the firm posted $0.66 EPS. As a group, research analysts predict that Washington Trust Bancorp, Inc. will post 2.38 earnings per share for the current year.

Washington Trust Bancorp Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, July 12th. Shareholders of record on Monday, July 1st were issued a dividend of $0.56 per share. This represents a $2.24 dividend on an annualized basis and a yield of 6.83%. The ex-dividend date of this dividend was Monday, July 1st. Washington Trust Bancorp’s payout ratio is 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 report on Monday, June 17th.

About Washington Trust Bancorp

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.