Washington Trust Bancorp, Inc. (NASDAQ:WASH) Shares Sold by Signaturefd LLC

Signaturefd LLC lowered its holdings in shares of Washington Trust Bancorp, Inc. (NASDAQ:WASH) by 9.1% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 3,967 shares of the financial services provider’s stock after selling 395 shares during the period. Signaturefd LLC’s holdings in Washington Trust Bancorp were worth $109,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently modified their holdings of the business. Dimensional Fund Advisors LP raised its position 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 worth $25,086,000 after purchasing an additional 68,930 shares during the last quarter. ProShare Advisors LLC boosted its stake in shares of Washington Trust Bancorp by 10.6% during the first quarter. ProShare Advisors LLC now owns 291,461 shares of the financial services provider’s stock valued at $7,834,000 after acquiring an additional 27,979 shares during the last quarter. Charles Schwab Investment Management Inc. increased its position in 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 worth $7,628,000 after purchasing an additional 16,378 shares in the last quarter. Drexel Morgan & Co. raised its stake in Washington Trust Bancorp by 22.8% in 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. Finally, Bank of New York Mellon Corp lifted its holdings in Washington Trust Bancorp by 1.4% in the 2nd quarter. Bank of New York Mellon Corp now owns 149,354 shares of the financial services provider’s stock valued at $4,094,000 after purchasing an additional 1,996 shares in the last quarter. Hedge funds and other institutional investors own 65.81% of the company’s stock.

Washington Trust Bancorp Trading Down 0.8 %

Shares of WASH opened at $32.54 on Wednesday. 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 fifty day moving average of $29.75 and a two-hundred day moving average of $27.30. The company has a debt-to-equity ratio of 3.34, a quick ratio of 1.14 and a current ratio of 1.15. The company has a market capitalization of $554.94 million, a PE ratio of 12.01 and a beta of 0.80.

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

Washington Trust Bancorp Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, July 12th. Investors of record on Monday, July 1st were given a $0.56 dividend. The ex-dividend date was Monday, July 1st. This represents a $2.24 annualized dividend and a dividend yield of 6.88%. Washington Trust Bancorp’s dividend payout ratio is presently 82.66%.

Wall Street Analysts Forecast Growth

Separately, StockNews.com upgraded shares of Washington Trust Bancorp from a “sell” rating to a “hold” rating in a report on Monday, June 17th.

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.