Washington Trust Bancorp, Inc. (NASDAQ:WASH - Get Free Report) EVP Kathleen A. Ryan sold 535 shares of the stock in a transaction dated Thursday, May 2nd. The shares were sold at an average price of $26.46, for a total value of $14,156.10. Following the transaction, the executive vice president now owns 5,346 shares in the company, valued at $141,455.16. The sale was disclosed in a filing with the SEC, which is available at this hyperlink.
Washington Trust Bancorp Trading Up 0.0 %
WASH stock traded up $0.01 during trading on Monday, hitting $26.55. 80,268 shares of the company traded hands, compared to its average volume of 89,959. The firm has a market capitalization of $452.15 million, a PE ratio of 9.80 and a beta of 0.80. Washington Trust Bancorp, Inc. has a 1 year low of $21.69 and a 1 year high of $33.96. The company has a 50-day moving average of $25.74 and a 200-day moving average of $27.22. The company has a debt-to-equity ratio of 2.57, a quick ratio of 1.07 and a current ratio of 1.07.
Washington Trust Bancorp Dividend Announcement
The business also recently announced a quarterly dividend, which was paid on Friday, April 12th. Investors of record on Monday, April 1st were issued a dividend of $0.56 per share. This represents a $2.24 annualized dividend and a yield of 8.44%. The ex-dividend date was Thursday, March 28th. Washington Trust Bancorp's dividend payout ratio is presently 82.66%.
Institutional Investors Weigh In On Washington Trust Bancorp
Several institutional investors have recently bought and sold shares of WASH. Crestwood Advisors Group LLC purchased a new stake in Washington Trust Bancorp during the 3rd quarter valued at about $2,512,000. Third Avenue Management LLC lifted its holdings in Washington Trust Bancorp by 44.5% in the 3rd quarter. Third Avenue Management LLC now owns 294,994 shares of the financial services provider's stock worth $8,050,000 after buying an additional 90,842 shares during the period. Dimensional Fund Advisors LP lifted its holdings in Washington Trust Bancorp by 9.8% in the 4th quarter. Dimensional Fund Advisors LP now owns 774,705 shares of the financial services provider's stock worth $25,086,000 after buying an additional 68,930 shares during the period. Napatree Capital LLC purchased a new stake in Washington Trust Bancorp in the 4th quarter worth approximately $1,813,000. Finally, Drexel Morgan & Co. lifted its holdings 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 worth $5,411,000 after buying an additional 31,000 shares during the period. 65.81% of the stock is currently owned by hedge funds and other institutional investors.
Wall Street Analyst Weigh In
Several equities analysts have recently commented on WASH shares. Seaport Res Ptn lowered Washington Trust Bancorp from a "buy" rating to a "neutral" rating in a research report on Wednesday, January 31st. StockNews.com upgraded Washington Trust Bancorp from a "sell" rating to a "hold" rating in a research report on Thursday, April 25th.
View Our Latest Stock Report on Washington Trust Bancorp
About Washington Trust Bancorp
(
Get 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.
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