Nisa Investment Advisors LLC held its position in shares of Washington Trust Bancorp, Inc. (NASDAQ:WASH) during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 5,000 shares of the financial services provider’s stock at the end of the second quarter. Nisa Investment Advisors LLC’s holdings in Washington Trust Bancorp were worth $239,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in the company. Edge Asset Management Inc. raised its position in shares of Washington Trust Bancorp by 4.4% in the first quarter. Edge Asset Management Inc. now owns 681,076 shares of the financial services provider’s stock worth $33,577,000 after buying an additional 28,480 shares during the last quarter. Vanguard Group Inc. raised its position in shares of Washington Trust Bancorp by 0.6% in the first quarter. Vanguard Group Inc. now owns 601,000 shares of the financial services provider’s stock worth $29,629,000 after buying an additional 3,507 shares during the last quarter. Renaissance Technologies LLC raised its position in shares of Washington Trust Bancorp by 13.4% in the first quarter. Renaissance Technologies LLC now owns 424,368 shares of the financial services provider’s stock worth $20,921,000 after buying an additional 50,168 shares during the last quarter. Principal Financial Group Inc. raised its position in shares of Washington Trust Bancorp by 11.9% in the first quarter. Principal Financial Group Inc. now owns 380,790 shares of the financial services provider’s stock worth $18,773,000 after buying an additional 40,482 shares during the last quarter. Finally, BTIM Corp. raised its position in shares of Washington Trust Bancorp by 37.1% in the first quarter. BTIM Corp. now owns 193,085 shares of the financial services provider’s stock worth $9,519,000 after buying an additional 52,249 shares during the last quarter. Institutional investors own 58.83% of the company’s stock.

Shares of Washington Trust Bancorp, Inc. (WASH) traded down 1.22% during midday trading on Tuesday, reaching $51.22. 8,705 shares of the company’s stock were exchanged. The stock’s 50-day moving average is $52.00 and its 200 day moving average is $51.40. Washington Trust Bancorp, Inc. has a one year low of $38.90 and a one year high of $58.30. The firm has a market cap of $881.50 million, a PE ratio of 17.91 and a beta of 0.73.

Washington Trust Bancorp (NASDAQ:WASH) last posted its quarterly earnings results on Monday, July 24th. The financial services provider reported $0.76 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.70 by $0.06. The business had revenue of $46.71 million during the quarter. Washington Trust Bancorp had a net margin of 23.86% and a return on equity of 12.43%. Analysts anticipate that Washington Trust Bancorp, Inc. will post $2.92 EPS for the current year.

ILLEGAL ACTIVITY NOTICE: This piece was published by Watch List News and is owned by of Watch List News. If you are viewing this piece on another site, it was stolen and republished in violation of US & international copyright and trademark law. The original version of this piece can be read at https://www.watchlistnews.com/nisa-investment-advisors-llc-holds-stake-in-washington-trust-bancorp-inc-wash/1491967.html.

Separately, BidaskClub lowered shares of Washington Trust Bancorp from a “hold” rating to a “sell” rating in a research note on Monday, July 24th.

In other Washington Trust Bancorp news, Chairman Joseph J. Marcaurele sold 5,000 shares of the firm’s stock in a transaction on Friday, August 4th. The shares were sold at an average price of $52.80, for a total value of $264,000.00. Following the completion of the transaction, the chairman now owns 57,583 shares of the company’s stock, valued at $3,040,382.40. The transaction was disclosed in a filing with the SEC, which is available at this link. In the last ninety days, insiders sold 5,481 shares of company stock valued at $287,630. Corporate insiders own 2.58% of the company’s stock.

Washington Trust Bancorp Company 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.

Want to see what other hedge funds are holding WASH? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Washington Trust Bancorp, Inc. (NASDAQ:WASH).

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

Receive News & Ratings for Washington Trust Bancorp Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Washington Trust Bancorp Inc. and related companies with Analyst Ratings Network's FREE daily email newsletter.