AQR Capital Management LLC Has $5.70 Million Holdings in Washington Trust Bancorp, Inc. (NASDAQ:WASH)

AQR Capital Management LLC lifted its stake in Washington Trust Bancorp, Inc. (NASDAQ:WASH - Free Report) by 16.7% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 181,697 shares of the financial services provider's stock after acquiring an additional 26,006 shares during the quarter. AQR Capital Management LLC owned approximately 0.94% of Washington Trust Bancorp worth $5,696,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also recently bought and sold shares of the business. Northern Trust Corp boosted its holdings in Washington Trust Bancorp by 8.8% in the fourth quarter. Northern Trust Corp now owns 174,017 shares of the financial services provider's stock worth $5,455,000 after purchasing an additional 14,142 shares in the last quarter. The Manufacturers Life Insurance Company grew its position in Washington Trust Bancorp by 6,117.3% during the fourth quarter. The Manufacturers Life Insurance Company now owns 403,749 shares of the financial services provider's stock worth $12,658,000 after buying an additional 397,255 shares in the last quarter. Tudor Investment Corp ET AL bought a new position in Washington Trust Bancorp during the fourth quarter valued at about $2,615,000. Aquatic Capital Management LLC bought a new position in Washington Trust Bancorp during the fourth quarter valued at about $229,000. Finally, Price T Rowe Associates Inc. MD increased its stake in Washington Trust Bancorp by 11.8% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 12,756 shares of the financial services provider's stock valued at $400,000 after acquiring an additional 1,348 shares during the period. 65.81% of the stock is currently owned by institutional investors.

Washington Trust Bancorp Price Performance

Shares of Washington Trust Bancorp stock traded down $0.13 during midday trading on Wednesday, reaching $29.67. The company had a trading volume of 20,249 shares, compared to its average volume of 146,618. The company has a current ratio of 1.10, a quick ratio of 1.10 and a debt-to-equity ratio of 2.63. The company has a market capitalization of $572.36 million, a price-to-earnings ratio of -19.14 and a beta of 0.89. The stock has a fifty day simple moving average of $28.72 and a 200 day simple moving average of $32.03. Washington Trust Bancorp, Inc. has a 1-year low of $24.70 and a 1-year high of $40.59.

Washington Trust Bancorp (NASDAQ:WASH - Get Free Report) last announced its quarterly earnings data on Monday, April 21st. The financial services provider reported $0.61 EPS for the quarter, missing analysts' consensus estimates of $0.62 by ($0.01). The firm had revenue of $59.07 million during the quarter, compared to the consensus estimate of $53.16 million. Washington Trust Bancorp had a negative net margin of 6.90% and a positive return on equity of 8.99%. As a group, equities research analysts forecast that Washington Trust Bancorp, Inc. will post 2.76 earnings per share for the current year.

Washington Trust Bancorp Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, April 11th. Stockholders of record on Tuesday, April 1st were paid a $0.56 dividend. This represents a $2.24 dividend on an annualized basis and a dividend yield of 7.55%. The ex-dividend date was Tuesday, April 1st. Washington Trust Bancorp's dividend payout ratio (DPR) is currently -143.59%.

Analysts Set New Price Targets

Several research analysts recently issued reports on the stock. StockNews.com raised shares of Washington Trust Bancorp from a "sell" rating to a "hold" rating in a research report on Friday, January 31st. Seaport Res Ptn upgraded Washington Trust Bancorp from a "hold" rating to a "strong-buy" rating in a research note on Friday, March 14th. Finally, Keefe, Bruyette & Woods reduced their target price on Washington Trust Bancorp from $34.00 to $31.00 and set a "market perform" rating on the stock in a report on Tuesday, April 22nd.

Washington Trust Bancorp 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.