10,000 Shares in Washington Trust Bancorp, Inc. (NASDAQ:WASH) Purchased by Maven Securities LTD

Maven Securities LTD bought a new position in shares of Washington Trust Bancorp, Inc. (NASDAQ:WASH - Free Report) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 10,000 shares of the financial services provider's stock, valued at approximately $314,000. Maven Securities LTD owned about 0.05% of Washington Trust Bancorp at the end of the most recent reporting period.

Several other hedge funds have also bought and sold shares of WASH. Hantz Financial Services Inc. lifted its holdings in shares of Washington Trust Bancorp by 15,152.6% in the 4th quarter. Hantz Financial Services Inc. now owns 2,898 shares of the financial services provider's stock worth $91,000 after acquiring an additional 2,879 shares during the last quarter. KLP Kapitalforvaltning AS purchased a new position in shares of Washington Trust Bancorp during the fourth quarter valued at approximately $97,000. State of Tennessee Department of Treasury purchased a new position in Washington Trust Bancorp during the fourth quarter worth approximately $131,000. Aquatic Capital Management LLC purchased a new position in shares of Washington Trust Bancorp in the 4th quarter worth $229,000. Finally, Essex Financial Services Inc. increased its stake in Washington Trust Bancorp by 10.9% during the fourth quarter. Essex Financial Services Inc. now owns 7,366 shares of the financial services provider's stock worth $231,000 after acquiring an additional 726 shares during the last quarter. Hedge funds and other institutional investors own 65.81% of the company's stock.

Washington Trust Bancorp Stock Down 0.6%

Shares of Washington Trust Bancorp stock traded down $0.18 during midday trading on Monday, hitting $29.27. The company's stock had a trading volume of 30,008 shares, compared to its average volume of 147,221. The firm has a market capitalization of $564.59 million, a P/E ratio of -18.90 and a beta of 0.89. The stock has a 50-day simple moving average of $28.72 and a 200-day simple moving average of $31.89. The company has a quick ratio of 1.10, a current ratio of 1.10 and a debt-to-equity ratio of 2.63. 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 posted its earnings results on Monday, April 21st. The financial services provider reported $0.61 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.62 by ($0.01). Washington Trust Bancorp had a negative net margin of 6.90% and a positive return on equity of 8.99%. The firm had revenue of $59.07 million during the quarter, compared to analyst estimates of $53.16 million. As a group, sell-side analysts expect that Washington Trust Bancorp, Inc. will post 2.76 earnings per share for the current year.

Washington Trust Bancorp Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, April 11th. Investors of record on Tuesday, April 1st were paid a dividend of $0.56 per share. This represents a $2.24 dividend on an annualized basis and a dividend yield of 7.65%. The ex-dividend date was Tuesday, April 1st. Washington Trust Bancorp's dividend payout ratio (DPR) is -143.59%.

Analyst Upgrades and Downgrades

A number of research analysts recently commented on the company. StockNews.com raised Washington Trust Bancorp from a "sell" rating to a "hold" rating in a report on Friday, January 31st. Seaport Res Ptn raised shares of Washington Trust Bancorp from a "hold" rating to a "strong-buy" rating in a report on Friday, March 14th. Finally, Keefe, Bruyette & Woods decreased their price objective on shares of Washington Trust Bancorp from $34.00 to $31.00 and set a "market perform" rating for the company in a report on Tuesday, April 22nd.

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.