Coastline Trust Co acquired a new stake in Washington Trust Bancorp, Inc. (NASDAQ:WASH) during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 4,450 shares of the financial services provider’s stock, valued at approximately $255,000.

Other hedge funds and other institutional investors have also bought and sold shares of the company. New England Research & Management Inc. increased its stake in shares of Washington Trust Bancorp by 1.4% during the third quarter. New England Research & Management Inc. now owns 73,859 shares of the financial services provider’s stock worth $4,228,000 after acquiring an additional 1,050 shares during the period. John W. Rosenthal Capital Management Inc. increased its stake in shares of Washington Trust Bancorp by 4.5% during the second quarter. John W. Rosenthal Capital Management Inc. now owns 62,837 shares of the financial services provider’s stock worth $3,239,000 after acquiring an additional 2,700 shares during the period. Northern Trust Corp increased its stake in shares of Washington Trust Bancorp by 2.1% during the second quarter. Northern Trust Corp now owns 526,769 shares of the financial services provider’s stock worth $27,154,000 after acquiring an additional 10,788 shares during the period. Principal Financial Group Inc. increased its stake in shares of Washington Trust Bancorp by 187.5% during the second quarter. Principal Financial Group Inc. now owns 1,094,945 shares of the financial services provider’s stock worth $56,445,000 after acquiring an additional 714,155 shares during the period. Finally, Schwab Charles Investment Management Inc. increased its stake in shares of Washington Trust Bancorp by 13.4% during the first quarter. Schwab Charles Investment Management Inc. now owns 66,743 shares of the financial services provider’s stock worth $3,291,000 after acquiring an additional 7,886 shares during the period. Institutional investors own 55.09% of the company’s stock.

A number of research analysts have recently issued reports on WASH shares. Compass Point lowered shares of Washington Trust Bancorp from a “buy” rating to a “neutral” rating in a research note on Tuesday, October 24th. BidaskClub lowered shares of Washington Trust Bancorp from a “hold” rating to a “sell” rating in a research note on Saturday, December 9th.

In related news, SVP Dennis L. Algiere sold 950 shares of the business’s stock in a transaction dated Thursday, October 26th. The shares were sold at an average price of $56.60, for a total transaction of $53,770.00. Following the sale, the senior vice president now owns 9,783 shares of the company’s stock, valued at $553,717.80. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Victor J. Orsinger II sold 1,000 shares of the business’s stock in a transaction dated Friday, November 10th. The stock was sold at an average price of $53.23, for a total transaction of $53,230.00. Following the sale, the director now directly owns 2,230 shares in the company, valued at approximately $118,702.90. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 11,451 shares of company stock worth $633,870. Company insiders own 2.58% of the company’s stock.

Washington Trust Bancorp, Inc. (WASH) opened at $52.85 on Friday. Washington Trust Bancorp, Inc. has a one year low of $47.00 and a one year high of $59.10. The company has a current ratio of 1.09, a quick ratio of 1.09 and a debt-to-equity ratio of 2.02. The stock has a market cap of $908.40, a PE ratio of 18.25 and a beta of 0.75.

Washington Trust Bancorp (NASDAQ:WASH) last issued its quarterly earnings results on Monday, October 23rd. The financial services provider reported $0.75 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.74 by $0.01. Washington Trust Bancorp had a net margin of 23.63% and a return on equity of 12.44%. The business had revenue of $47.34 million for the quarter.

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Washington Trust Bancorp Profile

Washington Trust Bancorp, Inc is a bank holding company and financial holding company. The Company is a holding company of The Washington Trust Company, of Westerly (the Bank), a Rhode Island chartered commercial bank. The Company operates through two business segments: Commercial Banking and Wealth Management Services.

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Institutional Ownership by Quarter for Washington Trust Bancorp (NASDAQ:WASH)

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